Precision Business Insights has published a report on the global blockchain in retail market, estimating its value at USD 246.04 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 42.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/blockchain-in-r...
Blockchain in Retail Market refers to the use of blockchain technology in the retail industry to improve transparency, security, and efficiency. Blockchain, a decentralized ledger, enables merchants to securely capture, store, and exchange information along the supply chain.
Drivers:
Demand for Transparency: Consumers and businesses seek greater visibility in supply chains to ensure product authenticity and ethical sourcing.
E-commerce Growth: The rise of online retail drives the need for secure and efficient digital solutions.
The global blockchain in retail market segmentation:
1) By Providers: Application, Middleware, and Infrastructure
2) By Application: Compliance Management, Identity Management, Payments, Smart Contacts, Supply Chain Management, and Others
3) By Organization Site: Small Medium Enterprises (SMEs) and Large Enterprises
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Regional Overview:
The report also examines the current concerns and their Future Effects on the blockchain in retail market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the blockchain in retail market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like IBM Corporation, Oracle Corporation, Accenture Plc, Tata Consultancy Services, Amazon Web Services, Inc., Cisco Systems Inc., Auxesis Services and Technologies (P) Ltd., Guardtime, Sofocle Technologies, Capgemini SE.
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
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