Global Blockchain In Retail Market
Blockchain in Retail Market
According to Verified Market Research, Global Blockchain in Retail Market was valued at USD 80.45 Million in 2018 and is projected to reach USD 14.64 Billion by 2026, growing at a CAGR of 91.67% from 2019 to 2026.
Global Blockchain in Retail Market Outlook
A few of the benefits of using blockchain in retail include on-time delivery, real-time information, reliability, quality, product safety and record-time service for retailers. It also provides authenticity and allows supply chain partners to know about their product's location. These benefits are driving the market for blockchain in the retail industry. These factors drive the market growth for blockchain in the retail industry. Blockchain enables transparent and smart transactions in retail. Furthermore, technological advancements and international trade in the industry is increasingly anticipated to fuel the demand for blockchain solutions and services across global retailers. However, scarcity of skilled experts is expected to hamper the blockchain in the retail market growth over the forecast period.
Global Blockchain in Retail Market Competitive Landscape
The Global Blockchain in Retail Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) ltd., Bitfury Group Limited, Cognizant, Infosys Limited, SAP SE, Tata Consultancy Services Limited.
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