Global Block chain in Agriculture and Food Supply Chain Market research report proves to be a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. Moreover, it also contains all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values. The Global Block chain in Agriculture and Food Supply Chain Market report explains a thorough study of current situation of the global market along with several market dynamics. Few of the major market competitors currently working in the block chain in agriculture and food supply chain market are IBM Corporation, Microsoft, SAP SE, Ambrosus, arc-net, OriginTrail, Ripe Technology INC, VeChain Foundation, Project Provenance Ltd., Chainvine Limited, and Full Profile.
Large-scale implantation and awareness about the benefits of block chain is expected to drive the market growth and hence, the initial estimated market value is expected to rise from USD 58.4 million in 2018 to an estimated value of USD 1375.3 million by 2026, registering a CAGR of 48.4% in the forecast period of 2019-2026.
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This Global Block chain in Agriculture and Food Supply Chain Market report helps clients to be acquainted with new opportunities in the industry and most important customers for the business growth and increased revenue. This Global Block chain in Agriculture and Food Supply Chain Market report gives an exhaustive overview of product specification, technology, product type and production analysis by considering major factors such as revenue, cost, and gross margin. This quality report has been planned with full commitment and transparency in research and analysis. By applying best-practice models and research methodologies, complete market analysis is carried out in this Global Block chain in Agriculture and Food Supply Chain Market report to make sure that the report provides accurate market segmentation and insights for the success of business.
Global Block chain in Agriculture and Food Supply Chain Market, By Provider (Application and solution provider, Middleware provider, Infrastructure and protocol provider), Application (Product traceability, Payment and settlement, Smart contracts, Governance and risk management), Organization size (Large enterprises, Small and medium-sized (SMEs) enterprises), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2026.
Block chain is a database or a directory of records called as blocks, which are connected through cryptography. Each record is interlinked with the previous one, and though technically it cannot be modified as it only records the transaction taking place between two parties. Its application in agriculture enables the users to transmit transparency in their transaction and supply chain informing the consumer of the original transaction as well.
The global block chain in agriculture and food supply chain market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of block chain in agriculture and food supply chain market for global, Europe, North America, Asia Pacific and South America.
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- Growing environmental concerns about the wastage of resources and food, the implementation of block chain in agriculture is expected to rise due to its various benefits
- Transparency in cases of food supply chain is also expected to drive the market growth
- Implementation of digital connectivity in the developing regions is one of the major market restraint
- Vulnerability in relation to hackers and privacy threats is also one of the market restraint
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- By Provider
- Application and solution provider
- Middleware provider
- Infrastructure and protocol provider
- By Application
- Product traceability
- Payment and settlement
- Smart contracts
- Governance and risk management
- By Organization size
- Large enterprises
- Small and medium-sized (SMEs) enterprises
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