Blockchain in Retail market is growing at a CAGR of +57% with top key players such as IBM, SAP, Microsoft, Oracle

With the beginning of blockchain technology, numerous industries have been impacted by its disruption. The retail sector, in particular, has various blockchain opportunities that can change the way retailers sell, and by extension, the way consumers buy. However, the role and purchase method that blockchain technology plays in restructuring end customer and retail relationships must be on every retailer agenda.

Global Blockchain in Retail Market is expected to grow at a CAGR of +57% during the forecast period 2019-2024

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Key factors driving the Blockchain in Retail market include reducing total cost of ownership, building a transparent and decentralized supply chain system using block-chain technology, preventing data manipulation, and increasing the efficiency and speed of retailers and Supply chain system. The supply chain management sector is expected to account for the largest market size in the blockchain in retail Market in 2018

Top Market Players in the Market:
IBM, SAP, Microsoft, Oracle , AWS , Bitfury, Auxesis Group, Cegeka , BTL , Guardtime , CoinBase , loyyal , Sofocle , BigchainDB , RecordsKeeper , BitPay , Abra, others

The Blockchain in Retail market report provides an in-depth assessment of Blockchain In Retail that enables technology, key trends, market drivers, challenges, standardization, and regulatory environments. Blockchain in Retail market research also includes key observations related to company profiles, products and business offerings, recent developments and key market strategies as well as in-depth competitive analysis of key market players.

The Blockchain in Retail market report also sees Europe, North America, Asia-Pacific, the Middle East, Africa and Latin America as major markets in the world market. The major forces driving the growth of the blockchain market across the region include the need for transparency and immutability in transaction and consumer protection, along with money laundering regulations.

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The company plans to build an enterprise block chain service that will create and extend applications, manage block-chain-related data, introduce other products with SAP manufacturing, supply chain and block chain capabilities, and develop technology with industry peers.

Competitor scenarios are valued by all major players and detailed descriptions are covered in the Blockchain in Retail market. The details of major companies and mergers and acquisitions that have occurred or are expected to occur in parallel have also been concurrent. The best strategy adopted by these major players in the Blockchain in Retail market is to enhance the value of this report.

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