Report Ocean presents the 78 pages detailed analysis report on Global Blockchain in Retail Market. Furthermore, the market study covers the key drivers and restraints of the Global Blockchain in Retail Market, and detail their market impact during the forecast period 2019-2025.
The Global Blockchain in Retail Market is projected to grow with a CAGR of 65%, during the forecast period 2019-2025, the market growth is supported by various factors such as several IT players as well as start-ups have initiated the promising pilot projects. For example Nestle, a food retail giant in July 2019 announced that it would pilot the open blockchain technology for tracking its products along the supply chain. Walmart is testing the blockchain application to provide traceability for “farm to fork” and to improve transparency, efficiency, and food safety.
Retail industry is transforming continuously and is becoming more personalized by offering product recommendations and frictionless customer shopping experience. Customers today demand for more personalized shopping experience and faster transaction times, which is fueling the adoption of advanced technologies in the retail industry. Blockchain technology is supporting retail and e-commerce sector by offering more security, visibility and enhanced supply chain transparency. For enhancing the business models and store fulfillment, many retailers are adopting blockchain technology. Retailers are also taking initiatives to integrate cryptocurrencies into their operations. Rakuten, a Japan-based online retailer accepts bitcoin payments and is planning to introduce Rakuten Coin, a new cryptocurrency that will support the company’s loyalty services.
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KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the Worldwide Blockchain in Retail Market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2025 to highlight the financial competency of the market.
- Porter’s five forces analysis & SWOT analysis illustrates the potency of the buyers and suppliers.
The market analysis is based on study of various market segments such as:
- By Providers
- Application Providers
- Middleware Providers
- Infrastructure Providers
- By Applications
- Supply Chain Tracking
- Smart Loyalty Programs
- Identity Management
- Fraud and Counterfeit
- Smart Contracts
- Compliance Management
- By Organization Size
- Large Enterprises
The Global Blockchain in Retail Market is further analyzed by segmenting the market into various geographical regions:
- North America
- Rest of the World (RoW)
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Market players present in the market adopt various market related strategies to withhold the market position for long-term and stay in market competition. Joint Venture, Product Launch, Collaboration, Mergers, Acquisitions, Partnership, and others are some crucial strategies adopted by key players in the market. Some of the major key players present in the market are as follows:
- Auxesis Group
Reasons to buy
- Customer insight survey report provides a thorough analysis of the Global Blockchain in Retail Market.
- Key strategic initiatives taken by major players operating in the market along with ranking analysis for the key players
- Analysis based on historical information along with the current trends to estimate the future of the market
- The report also provides future outlook of enterprise technology investment priorities.
- With number of value added charts and tables presenting the survey findings, the report is designed for an executive-level audience, boasting presentation quality.
- Develop market-entry and market expansion strategies.
- Plan mergers and acquisitions effectively by identifying major players with the most promising update
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