The article cited AMA's Global Blockchain in Agriculture and Food Market Study explored substantial growth with CAGR of %. According the report, Growing Adoption of Blockchain Technology is one of the primary growth factors for the market. Increase in Demand for Supply Chain Transparency
is also expected to contribute significantly to the Blockchain in Agriculture and Food market. Overall, Product traceability, tracking, and visibility
applications of Blockchain in Agriculture and Food, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM (United States), Microsoft (United States), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (United States), VeChain (China), Provenance (United Kingdom), ChainVine (United Kingdom), AgriDigital (Australia) and BlockGrain (Australia) may see astonishing sales in this Market and certainly improve revenue growth.
The Components, such as Platform, is boosting the Blockchain in Agriculture and Food market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Organisation size, such as Large enterprises, is boosting the Blockchain in Agriculture and Food market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Provider, such as Application and solution provider, is boosting the Blockchain in Agriculture and Food market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Blockchain in Agriculture and Food market identified that the demand is rising in many different parts of the world as "Increasing Concerns for Food Wastage
". Furthermore, some recent industry insights like "In November 2019, KPMG in Australia, China, and Japan launched KPMG Origins which is a blockchain-based ‘track and trace’ platform to support industries including agriculture, resources, manufacturing, and financial services." is constantly making the industry dynamic. One of the challenges that industry facing is "Not Being Able to Capture Data Pertaining to a Number of Untrusted Participants"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Blockchain in Agriculture and Food market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Blockchain in Agriculture and Food market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Blockchain in Agriculture and Food market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Blockchain in Agriculture and Food market and other related sub-markets covered in the study.
o Key & emerging players in the Blockchain in Agriculture and Food market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Blockchain in Agriculture and Food market size is calculated using market estimation process, the Blockchain in Agriculture and Food market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Blockchain in Agriculture and Food market size has been validated using both top-down and bottom-up approaches.