- 8 March 2019 22:51
Growing Business Sales Opportunities is Major Factors Projected to Augment Growth of the Global Blockchain in Retail Market
Blockchain is a technology used to store the information digitally in a public database. Blockchain is used for increasing confidence of consumer, transparency, guaranteeing authenticity, reducing counterfeits, smoothing logistics, and providing fast delivery.
Rising demand for blockchain in retail industry owing to increasing trade activities is major factors expected to augment growth of the global blockchain in retail market in years to come. Additionally, increasing counterfeits and authenticity of products is another factor anticipated to support revenue growth of the Blockchain In Retail Market. Moreover, increasing need to monitor supply chain transactions owing to easy traceability is another factor projected to fuel growth of the blockchain in retail market to a certain extent.
Growing trading activities across the globe owing to rising customer demands and increasing investments by retailers for secure, speed, and easy transactions, are anticipated to create lucrative opportunities for the technology manufacturers, which is anticipated to support revenue growth of the target market.
The Blockchain In Retail Market is segmented on the Basis of Provider, Organization and regions. On the basis of Provider, the global market is segmented into Application Providers, Middleware Providers, Infrastructure Providers. The Application Providers segment accounts for highest revenue share and is expected to witness significant growth during the forecast period. On the basis of Organization, the global market is segmented into Small and Medium-sized Enterprises (SMEs), Large Enterprises. The Large Enterprises segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include International Business Machines Corporation, Microsoft Corporation, SAP SE, Deloitte Touche Tohmatsu Limited, Amazon Web Services, Inc., Oracle Corporation, Capgemini SE, Accenture plc, Cognizant Technology Solutions Corporation, Coinbase, Inc.