The global blockchain in retail market size was valued at $83 million in 2018, and is projected to reach $11.18 billion by 2026, registering a CAGR of 84.6% from 2019 to 2026.

London, UK -- (SBWire) -- 04/28/2022 --Blockchain is a technology used to store the information digitally in a public database, which uses distributed databases and cryptography to record and secure transactions. Blockchain is used for majority of industrial concerns such as supply chain management, transparency, guaranteeing authenticity, reducing counterfeits, smoothing logistics, and providing fast delivery. Factors such as increase in demand for transparent transactions and smart contracts are likely to propel the growth of the market. The rising spending on blockchain across world, rising adoption of the blockchain technology in the retail industry, rising efficiency, speed in retail as well as supply chain transactions and reduced total cost of ownership are the few factors responsible for growth of the market over the forecast period. For instance: as per Statista, the Worldwide spending on blockchain solutions is expected to grow from $1.5 billion in 2018 to an estimated $15.9 billion by 2023. However, uncertain Regulatory and compliance Environment is the major factor restraining the growth of global Blockchain in Retail market during the forecast period.

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Major Key Players analysis included in Blockchain in Retail market are:

-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
-Tata Consultancy Services Limited

This Blockchain in Retail study describes the current state and future prospects of the content market. It examines the industry's most important growth factors and analyses its sales figures over the last few years. This provides an overview of market performance; this way, industry players can make informed judgments about their partners, suppliers, or customers.

The report also contains information about future earnings, company portfolios and market leaders are enhancing supply chain logistics, expanding their worldwide footprint and gaining market share. In addition, the report identifies and analyses the major trends, challenges and opportunities in the market.

Blockchain in Retail Market Segmentation Analysis 2022

This research report consists of a comprehensive analysis of the global Blockchain in Retail market for the specified period. This report provides detailed information covering the sales volume, pricing, cost, and gross margin across different segments such as manufacturers, applications, product types, and geographies. This study calculates and predicts the growth rate in terms of volume and value from 2022 to 2028.

The Blockchain in Retail Market Segments and Sub-Segments are Listed Below:

Segment By Component:
-Platform
-Services

Segment By Application:
-Compliance Management
-Identity Management
-Loyalty and Rewards Management
-Payments & Smart Contracts
-Supply Chain Management
-Others

Segment By Organization Size:
-Large Enterprises
-Small & Medium Enterprises

COVID-19 Impact Analysis

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Competitive Outlook 2022

This report is a comprehensive study of the worldwide Blockchain in Retail market in all industrial areas. Quantitative data and qualitative analyses are used to identify potential for changing the competitive landscape. The report examines end-user categories, emerging applications, the competitive climate, and market participants' strategies for staying ahead of the competition.

Key Objectives of Blockchain in Retail Market Report

-The study summarizes potential stakeholders tried-and-true as well as innovative product marketing strategies.
-The study examines the key factors shaping the market's commercialization landscape, as well as their implications for revenue scale.
-Expanding product demand from important locations, as well as significant applications and potential commercial areas, are all covered in the study.
-The market research summarizes the firms' preferred sales channels (which include both direct and indirect marketing).
-The report also includes information on these items' distributors as well as a list of their top-tier clients.

Table of Contents – Major Key Points

Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global Market Sensor Type Analysis
Chapter 5. Global Blockchain in Retail Market, by Component
Chapter 6. Global Blockchain in Retail Market, by Application
Chapter 7. Global Blockchain in Retail Market, by Organization Size
Chapter 8. Global Blockchain in Retail Market, Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process

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