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Download Free PDF Brochure of Blockchain in Agriculture Market [145 Pages, Company Profiles 12 Companies with Table 52 and 47 Figures] at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1716659 .The global blockchain in agriculture and food supply chain market is estimated to be valued at USD 60.8 million in 2018 and is projected to reach USD 429.7 million by 2023, at a CAGR of 47.8% during the forecast period. Blockchain technology is revolutionizing the food and agriculture sectors by enhancing the decision-making capabilities of organizations.
Blockchain in agriculture market is touted to dominate the future global business with improvement in logistics, quality assurance, environmental farm plans, nutrient management plans along with the effective implementation of big data applications, AI applications, and precision agricultural activities.
The blockchain market is expected to grow, owing to the increase in the demand for supply chain transparency along the agriculture and food verticals. According to the 2016 Label Insight Food Revolution Study, about 94% of the respondents in the study expressed the importance of buying from manufacturers who are transparent.
Blockchain technology can enhance food safety by bringing transparency to the supply chain and improving the farming process. This will result in saving the time and money as well as lives of the persons involved in the agricultural activities. Blockchain technology can also help in reducing the transaction costs and will open new markets for farmers in the emerging economies, thereby benefitting both the agriculture sector as well as farmers.
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In the global blockchain in agriculture and food supply chain market, North America is projected to be the largest region, in terms of value, between 2018 and 2023. This region comprises economies such as the US and Canada, which occupy a significant share of the global blockchain in agriculture and food supply chain market.
The market for blockchain in agriculture and food supply chain is dominated by key players such as IBM (US), Microsoft (US), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (US), VeChain (China), Provenance (UK), ChainVine (UK), AgriDigital (Australia), and BlockGrain (Australia).
The global blockchain in agriculture market can be classified based on application, which is further segmented into product traceability, smart contracts, risk & compliance management, governance, and payment & settlement. Based on the provider, the market is classified into application & solution provider, infrastructure and protocol provider, and middleware provider. On the basis of organizational size, the market is sectored into large enterprises and SMEs.
Order the “Blockchain in Agriculture Market (and Food Supply Chain), Application (Product Traceability, Payment and Settlement, Smart Contracts, and Governance, Risk and Compliance Management), Provider, Organization Size, and Region - Global Forecast to 2023” report at http://www.rnrmarketresearch.com/contacts/purchase?rname=1716659 .
The blockchain in agriculture and food supply chain market has been segmented, based on organization size, as large enterprises and small and medium-sized enterprises. The large enterprises segment dominated the blockchain in agriculture and food supply chain market in 2017.
The blockchain in agriculture and food supply chain market has been segmented into infrastructure and protocol provider, middleware provider, and application and solution provider. The infrastructure and protocol provider segment is estimated to account for the largest share in the blockchain in agriculture and food supply chain market during the forecast period.
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