DublinAnd February 2, 2023 /PRNewswire/ – File “Blockchain in the Retail Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2022-2027” The report has been added to ResearchAndMarkets.com an offer.
The global blockchain in the retail market has reached value 233.5 million US dollars in 2021. Looking ahead, the publisher expects the market to reach value 3731.75 million US dollars By 2027, it shows a compound annual growth rate of 58.71% over the period 2021-2027.
Bearing in mind the uncertainties related to COVID-19, we are continuously tracking and evaluating the direct and indirect impact of the pandemic. These insights are included in the report as a major market contributor.
Blockchain in retail refers to a cryptographically disruptive technology for recording digital transactions on a distributed ledger in the retail industry.
It is a cost-effective solution because it automates transactions and interoperates applications and eliminates the need for administration. It helps companies track product back to the supply chain, identifying suppliers, manufacturers, and batches to solve supply chain issues.
It enables decentralized identity (DID), which helps retailers verify user identity and data when needed. In addition, it streamlines administrative processes in retailers’ back offices, allowing employees to focus more on value-added work.
Blockchain in Retail Market Trends:
The increasing demand for transparent transactions in the retail industry to build trust between suppliers, businesses and customers is one of the major factors driving the market.
Furthermore, there is an increase in retailers’ investments in blockchain-based solutions to ensure quality, reliability, authenticity, and safety of products. This, along with increasing technological advances and international trade in the retail sector, is driving market growth.
In addition, the blockchain provides enhanced cryptographic security for its databases and transactions that helps reduce fraud and the sustainability of retailers. This, along with the increasing use of blockchain in retail for digital payment, online shopping, risk and compliance, is positively impacting the market.
Besides, the increasing employment of blockchain in retail to monitor supply chain transactions for easy merchandise tracking offers lucrative growth opportunities for players in the industry. In addition, the growing demand for smart contracts to save time and cost for businesses and remove merchants who charge additional fees for documenting a transaction is fueling the growth of the market.
Key questions answered in this report:
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How has the global blockchain performed in the retail market so far and how will it perform in the coming years?
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What is the impact of COVID-19 on the global blockchain market?
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What are the main regional markets?
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What is market breakdown based on component?
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What is the market segmentation by type?
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What is market fragmentation based on enterprise size?
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What is market segmentation based on application?
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What are the different stages in the value chain of an industry?
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What are the key drivers and challenges in the industry?
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What is the structure of the global blockchain market and who are the key players?
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What is the degree of competition in the industry?
Main topics covered:
1 Introduction
2 Scope and methodology
2.1 Objectives of the study
2.2 Stakeholders
2.3 Data sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-up approach
2.4.2 Top-down approach
2.5 Forecasting Methodology
3 executive summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blockchain Retail Market
5.1 Market Overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Outlook
6 Segmentation of the market by component
6.1 Platform/Solutions
6.1.1 Market Trends
6.1.2 Market Outlook
6.2 Services
6.2.1 Market Trends
6.2.2 Market Outlook
7 Segmentation of the market by type
7.1 Public Blockchain
7.1.1 Market Trends
7.1.2 Market Outlook
7.2 Private Blockchain
7.2.1 Market Trends
7.2.2 Market Outlook
7.3 Blockchain Consortium
7.3.1 Market Trends
7.3.2 Market Outlook
8 Divide the market according to the size of the organization
8.1 Large corporations
8.1.1 Market Trends
8.1.2 Market Outlook
8.2 Small and Medium Enterprises (SMEs)
8.2.1 Market Trends
8.2.2 Market Outlook
9 Market segmentation by application
9.1 Supply Chain Management
9.1.1 Market Trends
9.1.2 Market Outlook
9.2 Food Safety Management
9.2.1 Market Trends
9.2.2 Market Outlook
9.3 Customer Data Management
9.3.1 Market Trends
9.3.2 Market Outlook
9.4 Identity Management
9.4.1 Market Trends
9.4.2 Market Outlook
9.5 Compliance Management
9.5.1 Market Trends
9.5.2 Market Outlook
another 9.6
9.6.1 Market Trends
9.6.2 Market Outlook
10 Segmentation of the market by region
11 SWOT analysis
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
14 Price Analysis
15 Competitive landscape
15.1 Market Structure
15.2 The main players
15.3 Profiles of key players
For more information on this report visit https://www.researchandmarkets.com/r/xglb75-in?w=5
Media contact: Laura Wood | +353-1-481-1716 | press@researchandmarkets.net
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