Retail Sector Blockchain Market Insight | Outlook | Growth Analysis Report 2022-2028

According to a new market research report "Blockchain in Retail Market by Provider, Application (Compliance Management, Identity Management, Loyalty & Rewards Management, Payment, Smart Contracts, and Supply Chain Management), Organization Size, and Region - Global Forecast to 2023"  published by MarketsandMarkets™, the blockchain in retail market expected to grow from USD 80.0 million in 2018 to USD 2,339.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 96.4% during the forecast period.The major factors driving the blockchain in retail market include need to reduce the total cost of ownership, upswing in the usage of blockchain technology to create transparent and decentralized supply chain systems, an increasing need to prevent data manipulation and for increasing efficiency and speed in retail and supply chain systems.Browse in-depth TOC on "Blockchain in Retail Market”41-Tables29-Figures125- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79569008The supply chain management segment is estimated to hold the largest market size in the blockchain in retail market in 2018The supply chain management segment is expected to dominate the blockchain in retail market in terms of its contribution to the overall market, as retail companies are deploying blockchain-based supply chain management applications to reduce frauds and errors, improve inventory management, reduce delays from paperwork, identify issues faster, and increase the customer and partners trust.

The blockchain technology helps organization overcome the existing limitations of supply chain systems in terms of privacy, scalability, auditability, confidentiality, and performance.The application providers segment is expected to grow at the highest CAGR in the global blockchain in retail market during the forecast periodThe blockchain in retail market has been segmented on the basis of providers into 3 categories: application providers, middleware providers, and infrastructure providers.

These providers offer infrastructure to develop in the blockchain-based platforms.

The introduction of technologically advanced blockchain solutions are projected to a drive their adoption in the retail vertical thereby fueling the overall market growth.North America is expected to hold the largest market size in the blockchain in retail market during the forecast periodNorth America is estimated to hold the largest market size in the overall market in 2018.

Moreover, the US government is exploring the blockchain technology to boost the innovation economy.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=79569008Major blockchain vendors in market are IBM (US), SAP (Germany), Microsoft (US), Oracle (US), AWS (US), Bitfury (the Netherlands), Auxesis Group (India), Cegeka (the Netherlands), BTL (Canada), Guardtime (Estonia), CoinBase (US), loyyal (US), Sofocle (India), BigchainDB (Germany), RecordsKeeper (Spain), BitPay (US), Abra (US), Reply (Italy), Provenance (UK), ModulTrade (UK), Blockverify (UK), OGYDocs (Israel), Warranteer (Israel), and Blockchain Foundary (Singapore).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

From separation, it appears that Blockchain is mind-boggling innovation; in any case, the thought is monstrously flexible.

Blockchain does store money related esteem, as well as it tends to be utilized to store anything be it music, title, scholarly properties and even votes.

Every one of these properties can be anchored through Blockchain.

The trust in Blockchain innovation isn't built up through ground-breaking powers, for example, government or offices yet through the keen code and mass joint effort.

There are infinitesimal odds of robbery or budgetary loots contrasted with the customary methods for the exchange.

Economical in terms of Worth

The blockchain technology offers the retail industry an opportunity to accept cryptocurrencies for payments, enabling cross-border payments and micro-payments.

Several retail companies such as Walmart Inc., Amazon.com Inc., Alibaba Group Holding Limited, and Shopify are leading the way by adopting Bitcoin transactions.The report provides information on Blockchain in Retail market trends and development, growth drivers, technologies & forecast with expert review.Blockchain has immense potential to streamline transport and logistics processes to track every stage of a product’s journey with real-time information resulting in the reduction of stolen, lost, or damaged goods.

Walmart Inc., an American multinational retail corporation, has already adopted the blockchain technology to keep track of each piece of pork sourced from China with detailed information regarding origin, processing and storage of the product.

With the help of blockchain technology retailers are implementing transparency in the supply chain management.

Wave, an Isreali company, provides blockchain technology to retailers to assist them in tracking their supply chains with the secured and paperless process.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7703Blockchain allows retailers to capture data at every stage of customer interaction to assess customer buying patterns and trends.

Retailers are proactively exploring blockchain’s capabilities along with artificial intelligence and big data analysis for customer loyalty schemes to store loyalty points within a single wallet making it easier to track and redeem the reward points.Regional AnalysisThe global market for blockchain in retail is estimated to grow at a significant rate during the forecast period from 2018 to 2024.

Nowadays, blockchain utilization has found in many industries, this is the most preferable technology on all kind of sectors.

According to the survey, Financial industries is the topmost chosen industries of blockchain technology.

This indicates that the blockchain technology in banking will play significant roles in the financial sector.

Also, there are more critical situation occurs on banking transaction, here we have explained how blockchain technology resolves these major issues.

How Blockchain Impact on Banking Service:

As a real-time open source of the trusted platform that helps to transmit the data in a secure and easy manner.

The highly preferred study on “Blockchain in Retail Market” done by MarketsandMarkets™ provides broad analysis about Blockchain in Retail Industry  on the basis of Types, Applications and key players.According to new study "Blockchain in Retail Market by Provider, Application (Compliance Management, Identity Management, Loyalty & Rewards Management, Payment, Smart Contracts, and Supply Chain Management), Organization Size, and Region - Global Forecast to 2023" published by MarketsandMarkets™, the Blockchain in Retail Market expected to grow from USD 80.0 million in 2019 to USD 2,339.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 96.4% during the forecast period.The major factors driving the Blockchain in Retail Market include need to reduce the total cost of ownership, upswing in the usage of blockchain technology to create transparent and decentralized supply chain systems, an increasing need to prevent data manipulation and for increasing efficiency and speed in retail and supply chain systems.Browse in-depth TOC on "Blockchain in Retail Market”41- Tables29- Figures 125- PagesAsk for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=79569008The supply chain management segment is estimated to hold the largest market size in the Blockchain in Retail Market in 2019The supply chain management segment is expected to dominate the Blockchain in Retail Market in terms of its contribution to the overall market, as retail companies are deploying blockchain-based supply chain management applications to reduce frauds and errors, improve inventory management, reduce delays from paperwork, identify issues faster, and increase the customer and partners trust.

The blockchain technology helps organization overcome the existing limitations of supply chain systems in terms of privacy, scalability, auditability, confidentiality, and performance.The application providers segment is expected to grow at the highest CAGR in the global Blockchain in Retail Market during the forecast periodThe Blockchain in Retail Market has been segmented on the basis of providers into 3 categories: application providers, middleware providers, and infrastructure providers.

These providers offer infrastructure to develop in the blockchain-based platforms.

The introduction of technologically advanced blockchain solutions are projected to a drive their adoption in the retail vertical thereby fueling the overall market growth.Speak to our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=79569008North America is expected to hold the largest market size in the Blockchain in Retail Market during the forecast periodNorth America is estimated to hold the largest market size in the overall market in 2019.

Moreover, the US government is exploring the blockchain technology to boost the innovation economy.Major vendors in Blockchain in Retail Market are IBM (US), SAP (Germany), Microsoft (US), Oracle (US), AWS (US), Bitfury (the Netherlands), Auxesis Group (India), Cegeka (the Netherlands), BTL (Canada), Guardtime (Estonia), CoinBase (US), loyyal (US), Sofocle (India), BigchainDB (Germany), RecordsKeeper (Spain), BitPay (US), Abra (US), Reply (Italy), Provenance (UK), ModulTrade (UK), Blockverify (UK), OGYDocs (Israel), Warranteer (Israel), and Blockchain Foundary (Singapore).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

 Blockchain for real estateReal estate industry needs the help of blockchain more than any other industry.

Are you struggling to make your business less complicated and get wider attention?

It is all possible with blockchain for real estate.

Call now to get the right quote.Have you been thinking of blockchain solutions for your real estate business lately?

Completely customized solutions hand-crafted by the experts.

Are you looking for blockchain solutions in the real estate industry?

What are the benefits of blockchain in the banking sector?

What is the role of blockchain & how does blockchain affect the banking & financial industry?Learn more: https://diro.io/how-does-blockchain-affect-banking-industry/

Blockchain in Retail Market:WiseGuyReports.com adds “Global Blockchain in Retail Market Research Report 2020” reports to its database.Executive SummaryGlobal Blockchain in Retail Market is valued approximately at USD 0.15 billion in 2019 and is anticipated to grow with a healthy CAGR of more than 84.6% over the forecast period 2020-2026.

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.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5272722-global-blockchain-in-retail-market-size-study-byThe regional analysis of global Blockchain in Retail market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.

Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.Major market player included in this report are:Amazon Web Services, Inc. (AWS)Auxesis Services & Technologies (P) Ltd.Bitfury Group LimitedCognizant, Infosys LimitedInternational Business Machines Corporation (IBM)Microsoft CorporationOracle CorporationSAP SETata Consultancy Services LimitedThe objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.

The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.