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Blockchain In Retail Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Blockchain In Retail Market
Blockchain In Retail Market Size, Growth Rate, And Forecast
The global blockchain in retail market size grew from $0.88 billion in 2022 to $1.64 billion in 2023 at a compound annual growth rate (CAGR) of 87.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The blockchain in retail market size is expected to grow to $21.11 billion in 2027 at a CAGR of 89.3%.
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Blockchain In Retail Market Drivers
The increase in demand for transparency in the retail supply chain is driving the blockchain in the retail market. Transparency in the retail supply chain demands complete disclosure of information at every link, which includes sourcing of raw material, water usage in textile dying, customer care instructions, the environmental impact of goods distribution and others. The companies operating in the retail sector are investing in blockchain technologies to increase transparency to enhance customer experience, employee satisfaction, revenue boost, and others.
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Blockchain In Retail Market Segments
• By Component: Platform/Solutions, Services
• By Providers: Application Providers, Middleware Providers, Infrastructure Providers
• By Application: Compliance Management, Identity Management, Loyalty and Rewards Management, Payments, Smart Contracts, Supply Chain Management, Other Applications
• By Organization Size: Large Enterprises, Small & Medium Enterprises (SMEs)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the blockchain in retailmarket.
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Blockchain In Retail Market Key Players
Major competitors in the blockchain in retailmarket include IBM, SAP, Oracle Corporation, Bitfury, Auxesis Group, Sofocle, Tata Consultancy Services, Amazon Web Services, Cegeka.
The Business Research Company's "Global Blockchain In Retail Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Blockchain In Retail Market Include:
1. Executive Summary
2. Blockchain In Retail Market Characteristics
3. Blockchain In Retail Market Trends And Strategies
4. Blockchain In Retail Market - Macro Economic Scenario
5. Blockchain In Retail Market Size And Growth
……
26. Africa Blockchain In Retail Market
27. Blockchain In Retail Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Blockchain In Retail Market
29. Blockchain In Retail Market Future Outlook and Potential Analysis
30. Appendix
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