Global Blockchain In Retail Market Major Players 2024, Forecast To 2033
16 Feb, 2024
The blockchain in retail market has experienced exponential growth, ascending from $1.58 billion in 2023 to $2.96 billion in 2024, with a remarkable compound annual growth rate (CAGR) of 87.4%. Historical growth is attributed to supply chain transparency, streamlined payments, smart contracts adoption, efficient inventory management, and cross-border transactions. Forecasts suggest continued exponential growth to $34.44 billion in 2028, driven by enhanced product traceability, cross-industry collaboration, decentralized identity verification, tokenization of assets, and regulatory compliance. Key trends include blockchain-based digital marketplaces, integration with artificial intelligence, enhanced data security measures, blockchain-based voting systems, and cross-industry collaborations.
Global Blockchain In Retail Market Key Driver
The increase in demand for transparency in the retail supply chain is driving the blockchain in the retail market. Retail companies are investing in blockchain technologies to enhance transparency in the supply chain, improving customer experience, employee satisfaction, and overall revenue. The importance of supply chain transparency is highlighted by survey results indicating its significance in the apparel industry.
Get A Free Sample Of The Global Blockchain In Retail Market ReportGlobal Blockchain In Retail Market Segments
The blockchain in retail market covered in this report is segmented –
1) By Component: Platform/Solutions, Services
2) By Providers: Application Providers, Middleware Providers, Infrastructure Providers
3) By Application: Compliance Management, Identity Management, Loyalty and Rewards Management, Payments, Smart Contracts, Supply Chain Management, Other Applications
4) By Organization Size: Large Enterprises, Small & Medium Enterprises (SMEs)
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the blockchain in retail market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Blockchain In Retail Industry Players
International Business Machines Corporation; SAP SE; Oracle Corporation; Bitfury Group Limited; Auxesis Services & Technologies (P) Ltd.; Walmart Inc.; Target Corporation; Alibaba Group Holding Limited; Overstock. com Inc.; Blockverify Limited; Amazon Web Services Inc.; Chronicled Inc.; Coinfirm Limited; The De Beers Group; Everledger Limited; Filament, Inc.; Fluent Inc.; Loyyal Corporation; modum. io AG; Provenance Limited; Ripe Technology Inc.; Skuchain Inc.; Sweetbridge Inc.; Taeltech Pte. Ltd.; TE-FOOD International GmbH; VeChain Foundation San Marino S. r. l.; Ambrosus Technologies GmbH; ARCNET Corp.; Block Array LLC; Chainvine Limited; OriginTrail d. o. o.
Get The Full Global Blockchain In Retail Market ReportBlockchain In Retail Market Overview
Blockchain is an immutable shared ledger that records online transactions, tracks assets, and builds trust in a business network.
Blockchain In Retail Global Market Report 2023 provides data on the global blockchain in retail market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The blockchain in retail market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.