Dublin, February 2, 2023 /PRNewswire/ — “Blockchain in the Retail Market: Global Industry Trends, Shares, Sizes, Growth, Opportunities, and Forecasts 2022-2027” report added of ResearchAndMarkets.com Recruitment.
The global blockchain in the retail market is US$233.5 million In the future, publishers will US$3,731.75 million By 2027, it will exhibit a CAGR of 58.71% from 2021 to 2027.
With the uncertainty of COVID-19 in mind, we are continuously tracking and assessing the direct and indirect impacts of the pandemic. These insights are included in the report as key market contributors.
Blockchain in retail refers to disruptive technology that relies on cryptography to record digital transactions on the retail industry’s distributed ledger.
This is a cost-effective solution because it automates transaction and application interoperability and removes the need for administration. It helps companies trace products through the supply chain, identify suppliers, manufacturers, and batches, and troubleshoot supply chain issues.
Decentralized Identity (DID) is enabled to help retailers validate user identities and data when required. In addition, the retailer’s back-office administrative processes are streamlined, allowing employees to focus more on value-added work.
Blockchain in retail market trends:
The growing demand for transparent transactions in the retail industry to build trust between suppliers, businesses and customers is one of the key factors driving the market.
Additionally, retailers are increasingly investing in blockchain-based solutions to ensure quality, reliability, authenticity, and product safety. This is driving the market growth along with technological advancements in the retail sector and increasing international trade.
In addition, blockchain will enhance the cryptographic security of databases and transactions, helping reduce fraud and sustainability for retailers. This, coupled with the increasing use of blockchain in digital payments, online shopping, and retail for risk and compliance, is having a positive impact on the market.
In addition to this, the increasing adoption of blockchain in retail to monitor supply chain transactions to facilitate the tracking of goods is offering lucrative growth opportunities for industry players. Additionally, growing demand for smart his contracts to save businesses time and money and eliminate merchants who charge extra fees for authenticating transactions is boosting the growth of the market.
Key questions answered in this report:
- How has global blockchain in the retail market performed so far, and how will it perform in the next few years?
- What was the impact of COVID-19 on the global blockchain in retail market?
- What are your major regional markets?
- What is the market breakdown based on components?
- What is the market breakdown based on type?
- What is the breakdown of the market based on organization size?
- What is the market segmentation based on application?
- What are the different stages of the industry value chain?
- What are the key industry drivers and challenges?
- What is the structure of the global blockchain in the retail market and who are the key players?
- How competitive is the industry?
1.First of all
2 Scope and methodology
2.1 Purpose of the survey
2.3 Data sources
2.3.1 Primary sources
2.3.2 Secondary sources of information
2.4 Market forecast
2.4.1 Bottom-up approach
2.4.2 Top-down approach
2.5 Prediction method
3 Executive Summary
4.2 Major Industry Trends
5 Global Blockchain in Retail Market
5.1 Market overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market forecast
6 Market Breakdown by Component
6.1.1 Market trends
6.1.2 Market Forecast
6.2.1 Market trends
6.2.2 Market Forecast
7 Market Breakdown by Type
7.1 Public Blockchain
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Private Blockchain
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Consortium Blockchain
7.3.1 Market trends
7.3.2 Market Forecast
8 Market Breakdown by Organization Size
8.1 Large companies
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Small and medium enterprises (SMEs)
8.2.1 Market trends
8.2.2 Market forecast
9 Market Split by Application
9.1 Supply chain management
9.1.1 Market trends
9.1.2 Market forecast
9.2 Food safety management
9.2.1 Market trends
9.2.2 Market forecast
9.3 Customer Data Management
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Identity Management
9.4.1 Market trends
9.4.2 Market Forecast
9.5 Compliance Management
9.5.1 Market trends
9.5.2 Market Forecast
9.6.1 Market trends
9.6.2 Market Forecast
10 Market Breakdown by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive environment
15.1 Market structure
15.2 Major Players
15.3 Key Player Profiles
For more information on this report, please visit https://www.researchandmarkets.com/r/xglb75-in?w=5.
Media contact: Laura Wood | | +353-1-481-1716 | [email protected]
SOURCE Research and Market