Blockchain in the retail market

The Blockchain in Retail market report focuses on the growth prospects, restraints and trends in the market analysis.

PORTLAND, OR , United States, USA, Sept. 28, 2022 /EINPresswire.com/ — Rapid changes in retail and international trade are expected to create a number of opportunities for the industry’s key players. Increasing need to ensure quality, reliability, authenticity and product safety, increased investment from retail industries in blockchain-based solutions and increase in transaction transparency are driving growth in the global blockchain in the retail market.

the global retail blockchain market was valued at USD 83.00 million in 2018 and is projected to reach USD 11.18 billion by 2026, growing at a CAGR of 84.6% from 2019 to 2026.

Major market players such as – Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE and Tata Consultancy Services Limited.

Based on component, the platform segment had the largest share in 2018, generating more than two-thirds of the global blockchain in the retail market. The growing need for safe and secure transmission of data across the supply chain is driving growth in this segment. At the same time, the services segment will register the fastest CAGR of 89.3% during the study period. Blockchain services allow retailers to bring innovation across the industry and help them create new value for their business, boosting growth in the segment.

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Based on geography, North America accounted for more than two-fifths of the global blockchain in retail market revenue in 2018 and is expected to dominate throughout the forecast period. This is attributed to the presence of major market players and the growing concern about fraud in the regions is driving the growth.

At the same time, the Asia-Pacific region will post the fastest CAGR of 92.0% by the end of 2026. Factors such as growing concerns about data security and customer demands and increase in the number of counterfeit goods are driving the growth of the market.

Based on application, the payments and smart contracts segment contributed to more than two-fifths of the global blockchain in retail market in 2018 and is expected to retain its dominance until 2026. This is attributed to increased demand from businesses to fill the analog gap between contracts, increased need to streamline online payments and reduce fraud. On the other hand, the loyalty and rewards management segment will grow at the fastest CAGR of 97.0% from 2019 to 2026. The growing need to streamline the development and exchange of loyalty points across retailers and various programs is the key driver the growth. Additionally, with a time-stamped and tamper-proof database of transactions, retailers can transparently track and secure loyalty program transactions, which also drives market growth.

If you have any questions, feel free to contact our analyst at:

Key drivers driving the growth of the market included in the report. In addition, challenges and restraining factors that are likely to dampen the growth of the market are presented by the analysts to prepare the manufacturers for future challenges in advance.

LIMITED TIME OFFER – Buy now and get an exclusive discount on this report

Finally, this report provides market information in the most comprehensive manner. The report structure has been kept so that it provides maximum business value. It provides critical insight into market dynamics and will enable strategic decisions for existing market players as well as those willing to enter the market.

Similar Report –

Blockchain supply chain market

About us:

Allied Market Research (AMR) is a full-service market research and business consulting firm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a single-minded approach to providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high-quality data and insights. We are in professional corporate relationships with various companies and this helps us to dig out market data which helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasts. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top executives from leading companies in the concerned domain. Our secondary data sourcing methodology includes deep online and offline research and discussion with knowledgeable industry professionals and analysts.

David Correa
Allied Analytics LLP
800-792-5285
send us an email here
Visit us on social media:
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Twitter
LinkedIn

Blockchain in the retail market

The Blockchain in Retail market report focuses on the growth prospects, restraints and trends in the market analysis.

PORTLAND, OR , United States, USA, Sept. 28, 2022 /EINPresswire.com/ — Rapid changes in retail and international trade are expected to create a number of opportunities for the industry’s key players. Increasing need to ensure quality, reliability, authenticity and product safety, increased investment from retail industries in blockchain-based solutions and increase in transaction transparency are driving growth in the global blockchain in the retail market.

the global retail blockchain market was valued at USD 83.00 million in 2018 and is projected to reach USD 11.18 billion by 2026, growing at a CAGR of 84.6% from 2019 to 2026.

Major market players such as – Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE and Tata Consultancy Services Limited.

Based on component, the platform segment had the largest share in 2018, generating more than two-thirds of the global blockchain in the retail market. The growing need for safe and secure transmission of data across the supply chain is driving growth in this segment. At the same time, the services segment will register the fastest CAGR of 89.3% during the study period. Blockchain services allow retailers to bring innovation across the industry and help them create new value for their business, boosting growth in the segment.

Download sample report (Get full insight in PDF – 253 pages) at:

Based on geography, North America accounted for more than two-fifths of the global blockchain in retail market revenue in 2018 and is expected to dominate throughout the forecast period. This is attributed to the presence of major market players and the growing concern about fraud in the regions is driving the growth.

At the same time, the Asia-Pacific region will post the fastest CAGR of 92.0% by the end of 2026. Factors such as growing concerns about data security and customer demands and increase in the number of counterfeit goods are driving the growth of the market.

Based on application, the payments and smart contracts segment contributed to more than two-fifths of the global blockchain in retail market in 2018 and is expected to retain its dominance until 2026. This is attributed to increased demand from businesses to fill the analog gap between contracts, increased need to streamline online payments and reduce fraud. On the other hand, the loyalty and rewards management segment will grow at the fastest CAGR of 97.0% from 2019 to 2026. The growing need to streamline the development and exchange of loyalty points across retailers and various programs is the key driver the growth. Additionally, with a time-stamped and tamper-proof database of transactions, retailers can transparently track and secure loyalty program transactions, which also drives market growth.

If you have any questions, feel free to contact our analyst at:

Key drivers driving the growth of the market included in the report. In addition, challenges and restraining factors that are likely to dampen the growth of the market are presented by the analysts to prepare the manufacturers for future challenges in advance.

LIMITED TIME OFFER – Buy now and get an exclusive discount on this report

Finally, this report provides market information in the most comprehensive manner. The report structure has been kept so that it provides maximum business value. It provides critical insight into market dynamics and will enable strategic decisions for existing market players as well as those willing to enter the market.

Similar Report –

Blockchain supply chain market

About us:

Allied Market Research (AMR) is a full-service market research and business consulting firm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a single-minded approach to providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high-quality data and insights. We are in professional corporate relationships with various companies and this helps us to dig out market data which helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasts. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top executives from leading companies in the concerned domain. Our secondary data sourcing methodology includes deep online and offline research and discussion with knowledgeable industry professionals and analysts.

David Correa
Allied Analytics LLP
800-792-5285
send us an email here
Visit us on social media:
Facebook
Twitter
LinkedIn