Blockchain In Agriculture Market
"Blockchain in Agriculture Market Forecasts to 2028 – Global Analysis By Type (Hybrid/Consortium, Private, Public), Providers (Application Providers, Middleware Providers), Application (Payment and Settlement, Smart Contract) and By Geography "
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $194.31 MN |
|
Projected Year Value (2028) |
US $2,760.92 MN |
|
CAGR (2021 - 2028) |
46.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Market |
North America |
According to Stratistics MRC, the Global Block chain in Agriculture Market is accounted for $194.31 million in 2021 and is expected to reach $2,760.92 million by 2028 growing at a CAGR of 46.1 % during the forecast period. Blockchain technology can enhance food safety by bringing transparency to the supply chain and improving the farming process. This will result in saving time and money as well as the 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. Blockchain in the agriculture market is touted to dominate the future global business with improvement in logistics, quality assurance, and environmental farm plans, nutrient management plans along with the effective implementation of big data applications, AI applications, and precision agricultural activities.
Market Dynamics:
Driver:
Increasing Consciousness for Food Quality
Blockchain technology is revolutionizing the food and agriculture industries by improving organizations' decision-making abilities. Consumers to the present markets are aware of and demand full transparency in terms of their food product processes. With a view of fighting this issue of food safety, many companies have come up with pilot studies to use blockchain technology to determine and control the food product conditions throughout the supply chain. It identifies many possible applications in these fields, some of which have been explored already. Blockchain technology's main applications in food and agriculture include traceability and monitoring, payment and settlement, smart contracts and management, risk, and enforcement.
Restraint:
Restricted Scalability
Technologies such as blockchain come into play, but questions remain about scaling up. The blockchain exists mainly through proof of concept addressing a limited number of users. It needs to prove it can perform (speed of transactions, storage capacity, volume of the ever-growing chain) for a wider audience. There are also questions of interoperability, in particular regarding the integration of blockchains into existing information systems. There is also a need to improve understanding of the blockchain. For it to be used transparently, companies will need to understand its benefits while remembering its limitations.
Opportunity:
Rising Funding and Investments In Agri-Food Blockchain
The exponential growth of blockchain technology over the years, around different industry verticals, has fetched a huge amount of funding in the past few years. According to TechCrunch, the total capital raised through venture funds in blockchain technology amounted to billion USD. This proves that venture capitalists see a promising future of blockchain technology. Similarly, major investments are also being made in the organizations offering blockchain solutions and platforms to the food and agriculture industry.
Threat:
Uncertainty in Regulations and Standards
The exponential growth of blockchain technology over the years, around different industry verticals, has fetched a huge amount of funding in the past few years. According to TechCrunch, the total capital raised through venture funds in blockchain technology amounted to a billion USD. This proves that venture capitalists see a promising future of blockchain technology. Similarly, major investments are also being made in the organizations offering blockchain solutions and platforms to the food and agriculture industry.
Small and Medium-Sized Enterprises segment is expected to be the largest during the forecast period
Small and Medium-Sized Enterprises segment is expected to have largest share, due to rising investment by the SMEs with the sustenance of the government and the increasing number of startups in this market along with the globe for the adoption of blockchain technology. Blockchain offers huge potential to improve the flow of information between different organizations and actors in the humanitarian space and to optimize response efforts.
The Smart Contract segment is expected to have the highest CAGR during the forecast period
Smart contracts are recorded in code form and maintained by a network of computers. It can independently carry out transactions according to the prescribed options without the services of typical intermediaries - banks, government agencies, or at the command of an agent who has the authority to do so. This provides several extremely significant features in the course of activities for agricultural production, without which it is impossible to imagine the organization of the trading process. Blockchain technology allows critical information about the farming, production, and transport of agri-commodities to be immutably recorded. With the power to trace commodities and build data-rich digital assets, the growing problems of food fraud and security across global agri-supply chains can be addressed with greater success.
Region with highest share:
The Asia Pacific is projected to hold the highest market share, due to growing investment made by numerous stakeholders and government support for exploration and acceptance of new technology in India. China and India are leading crop producers in the world, therefore the probability of food contamination, wastage, and fraud in the supply chain is relatively higher in these regions. The majority of APAC countries export their food products such as vegetables and fruits to European and North American countries. Thus, there exists tremendous potential in the APAC province of the market.
Region with highest CAGR:
North America is projected to have the highest CAGR, owing to the existence of major companies such as IBM and Microsoft in the U.S. The increase in research & development activities for block chain, owing to food safety concerns and the benefits this technology offers to the farming vertical in terms of transparency, payment, and land registry are the factors that are expected to drive the market in this region during the forecast timeline.
Key players in the market:
Some of the key players profiled in the Blockchain in Agriculture Market include VeChain.org, Ripe.io, OriginTrail, d.o.o., Arc-net, Chainvine Limited, Microsoft, IBM, AgriDigital, Provenance, BlockGrain, Ambrosus, SAP-SE, Sino-Global Shipping America, Ltd.
Key developments:
In March, 2021: Sino-Global Shipping America, Ltd. announced it has agreed to acquire a 60% ownership of blockchain infrastructure developer Super Node LLC in an all-stock transaction valued at $5 million.
In May 2021: Provenance announced a new public, open-source, decentralized, permissionless, proof-of-stake blockchain, which is mainly designed and established to support financial service industry needs by delivering a ledger, registry, as well as exchange across multiple financial assets and markets.
In October 2019: IBM had launched a blockchain-based supply chain service that comes with AI and IoT integration.
Types Covered:
• Hybrid/Consortium
• Private
• Public
Providers Covered:
• Application Providers
• Middleware Providers
• Infrastructure and Protocol Provider
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
Stakeholders Covered:
• Growers
• Food Manufacturers/Processors
• Retailer
Applications Covered:
• Product Traceability, Tracking, and Visibility
• Payment and Settlement
• Smart Contract
• Governance, Risk, and Compliance Management
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Blockchain in Agriculture Market, By Type
5.1 Introduction
5.2 Hybrid/Consortium
5.3 Private
5.4 Public
6 Global Blockchain in Agriculture Market, By Providers
6.1 Introduction
6.2 Application Providers
6.3 Middleware Providers
6.4 Infrastructure and Protocol Provider
7 Global Blockchain in Agriculture Market, By Organization Size
7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.3 Large Enterprises
8 Global Blockchain in Agriculture Market, By Stakeholders
8.1 Introduction
8.2 Growers
8.3 Food Manufacturers/Processors
8.4 Retailer
9 Global Blockchain in Agriculture Market, By Application
9.1 Introduction
9.2 Product Traceability, Tracking, and Visibility
9.3 Payment and Settlement
9.4 Smart Contract
9.5 Governance, Risk, and Compliance Management
10 Global Blockchain in Agriculture Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 VeChain.org
12.2 Ripe.io
12.3 OriginTrail, d.o.o.
12.4 Arc-net
12.5 Chainvine Limited
12.6 Microsoft
12.7 IBM
12.8 AgriDigital
12.9 Provenance
12.10 BlockGrain
12.11 Ambrosus
12.12 SAP-SE
12.13 Sino-Global Shipping America, Ltd
List of Tables
1 Global Blockchain in Agriculture Market Outlook, By Region (2020-2028) (US $MN)
2 Global Blockchain in Agriculture Market Outlook, ByType (2020-2028) (US $MN)
3 Global Blockchain in Agriculture Market Outlook, ByHybrid/Consortium (2020-2028) (US $MN)
4 Global Blockchain in Agriculture Market Outlook, ByPrivate (2020-2028) (US $MN)
5 Global Blockchain in Agriculture Market Outlook, ByPublic (2020-2028) (US $MN)
6 Global Blockchain in Agriculture Market Outlook, ByProviders (2020-2028) (US $MN)
7 Global Blockchain in Agriculture Market Outlook, ByApplication Providers (2020-2028) (US $MN)
8 Global Blockchain in Agriculture Market Outlook, ByMiddleware Providers (2020-2028) (US $MN)
9 Global Blockchain in Agriculture Market Outlook, ByInfrastructure and Protocol Provider (2020-2028) (US $MN)
10 Global Blockchain in Agriculture Market Outlook, ByOrganization Size (2020-2028) (US $MN)
11 Global Blockchain in Agriculture Market Outlook, BySmall and Medium-Sized Enterprises (2020-2028) (US $MN)
12 Global Blockchain in Agriculture Market Outlook, ByLarge Enterprises (2020-2028) (US $MN)
13 Global Blockchain in Agriculture Market Outlook, ByStakeholders (2020-2028) (US $MN)
14 Global Blockchain in Agriculture Market Outlook, ByGrowers (2020-2028) (US $MN)
15 Global Blockchain in Agriculture Market Outlook, ByFood Manufacturers/Processors (2020-2028) (US $MN)
16 Global Blockchain in Agriculture Market Outlook, ByRetailer (2020-2028) (US $MN)
17 Global Blockchain in Agriculture Market Outlook, ByApplication (2020-2028) (US $MN)
18 Global Blockchain in Agriculture Market Outlook, ByProduct Traceability, Tracking, and Visibility (2020-2028) (US $MN)
19 Global Blockchain in Agriculture Market Outlook, ByPayment and Settlement (2020-2028) (US $MN)
20 Global Blockchain in Agriculture Market Outlook, BySmart Contract (2020-2028) (US $MN)
21 Global Blockchain in Agriculture Market Outlook, ByGovernance, Risk, and Compliance Management (2020-2028) (US $MN)
22 North America Blockchain in Agriculture Market Outlook, By Country (2020-2028) (US $MN)
23 North America Blockchain in Agriculture Market Outlook, ByType (2020-2028) (US $MN)
24 North America Blockchain in Agriculture Market Outlook, ByHybrid/Consortium (2020-2028) (US $MN)
25 North America Blockchain in Agriculture Market Outlook, ByPrivate (2020-2028) (US $MN)
26 North America Blockchain in Agriculture Market Outlook, ByPublic (2020-2028) (US $MN)
27 North America Blockchain in Agriculture Market Outlook, ByProviders (2020-2028) (US $MN)
28 North America Blockchain in Agriculture Market Outlook, ByApplication Providers (2020-2028) (US $MN)
29 North America Blockchain in Agriculture Market Outlook, ByMiddleware Providers (2020-2028) (US $MN)
30 North America Blockchain in Agriculture Market Outlook, ByInfrastructure and Protocol Provider (2020-2028) (US $MN)
31 North America Blockchain in Agriculture Market Outlook, ByOrganization Size (2020-2028) (US $MN)
32 North America Blockchain in Agriculture Market Outlook, BySmall and Medium-Sized Enterprises (2020-2028) (US $MN)
33 North America Blockchain in Agriculture Market Outlook, ByLarge Enterprises (2020-2028) (US $MN)
34 North America Blockchain in Agriculture Market Outlook, ByStakeholders (2020-2028) (US $MN)
35 North America Blockchain in Agriculture Market Outlook, ByGrowers (2020-2028) (US $MN)
36 North America Blockchain in Agriculture Market Outlook, ByFood Manufacturers/Processors (2020-2028) (US $MN)
37 North America Blockchain in Agriculture Market Outlook, ByRetailer (2020-2028) (US $MN)
38 North America Blockchain in Agriculture Market Outlook, ByApplication (2020-2028) (US $MN)
39 North America Blockchain in Agriculture Market Outlook, ByProduct Traceability, Tracking, and Visibility (2020-2028) (US $MN)
40 North America Blockchain in Agriculture Market Outlook, ByPayment and Settlement (2020-2028) (US $MN)
41 North America Blockchain in Agriculture Market Outlook, BySmart Contract (2020-2028) (US $MN)
42 North America Blockchain in Agriculture Market Outlook, ByGovernance, Risk, and Compliance Management (2020-2028) (US $MN)
43 Europe Blockchain in Agriculture Market Outlook, By Country (2020-2028) (US $MN)
44 Europe Blockchain in Agriculture Market Outlook, ByType (2020-2028) (US $MN)
45 Europe Blockchain in Agriculture Market Outlook, ByHybrid/Consortium (2020-2028) (US $MN)
46 Europe Blockchain in Agriculture Market Outlook, ByPrivate (2020-2028) (US $MN)
47 Europe Blockchain in Agriculture Market Outlook, ByPublic (2020-2028) (US $MN)
48 Europe Blockchain in Agriculture Market Outlook, ByProviders (2020-2028) (US $MN)
49 Europe Blockchain in Agriculture Market Outlook, ByApplication Providers (2020-2028) (US $MN)
50 Europe Blockchain in Agriculture Market Outlook, ByMiddleware Providers (2020-2028) (US $MN)
51 Europe Blockchain in Agriculture Market Outlook, ByInfrastructure and Protocol Provider (2020-2028) (US $MN)
52 Europe Blockchain in Agriculture Market Outlook, ByOrganization Size (2020-2028) (US $MN)
53 Europe Blockchain in Agriculture Market Outlook, BySmall and Medium-Sized Enterprises (2020-2028) (US $MN)
54 Europe Blockchain in Agriculture Market Outlook, ByLarge Enterprises (2020-2028) (US $MN)
55 Europe Blockchain in Agriculture Market Outlook, ByStakeholders (2020-2028) (US $MN)
56 Europe Blockchain in Agriculture Market Outlook, ByGrowers (2020-2028) (US $MN)
57 Europe Blockchain in Agriculture Market Outlook, ByFood Manufacturers/Processors (2020-2028) (US $MN)
58 Europe Blockchain in Agriculture Market Outlook, ByRetailer (2020-2028) (US $MN)
59 Europe Blockchain in Agriculture Market Outlook, ByApplication (2020-2028) (US $MN)
60 Europe Blockchain in Agriculture Market Outlook, ByProduct Traceability, Tracking, and Visibility (2020-2028) (US $MN)
61 Europe Blockchain in Agriculture Market Outlook, ByPayment and Settlement (2020-2028) (US $MN)
62 Europe Blockchain in Agriculture Market Outlook, BySmart Contract (2020-2028) (US $MN)
63 Europe Blockchain in Agriculture Market Outlook, ByGovernance, Risk, and Compliance Management (2020-2028) (US $MN)
64 Asia Pacific Blockchain in Agriculture Market Outlook, By Country (2020-2028) (US $MN)
65 Asia Pacific Blockchain in Agriculture Market Outlook, ByType (2020-2028) (US $MN)
66 Asia Pacific Blockchain in Agriculture Market Outlook, ByHybrid/Consortium (2020-2028) (US $MN)
67 Asia Pacific Blockchain in Agriculture Market Outlook, ByPrivate (2020-2028) (US $MN)
68 Asia Pacific Blockchain in Agriculture Market Outlook, ByPublic (2020-2028) (US $MN)
69 Asia Pacific Blockchain in Agriculture Market Outlook, ByProviders (2020-2028) (US $MN)
70 Asia Pacific Blockchain in Agriculture Market Outlook, ByApplication Providers (2020-2028) (US $MN)
71 Asia Pacific Blockchain in Agriculture Market Outlook, ByMiddleware Providers (2020-2028) (US $MN)
72 Asia Pacific Blockchain in Agriculture Market Outlook, ByInfrastructure and Protocol Provider (2020-2028) (US $MN)
73 Asia Pacific Blockchain in Agriculture Market Outlook, ByOrganization Size (2020-2028) (US $MN)
74 Asia Pacific Blockchain in Agriculture Market Outlook, BySmall and Medium-Sized Enterprises (2020-2028) (US $MN)
75 Asia Pacific Blockchain in Agriculture Market Outlook, ByLarge Enterprises (2020-2028) (US $MN)
76 Asia Pacific Blockchain in Agriculture Market Outlook, ByStakeholders (2020-2028) (US $MN)
77 Asia Pacific Blockchain in Agriculture Market Outlook, ByGrowers (2020-2028) (US $MN)
78 Asia Pacific Blockchain in Agriculture Market Outlook, ByFood Manufacturers/Processors (2020-2028) (US $MN)
79 Asia Pacific Blockchain in Agriculture Market Outlook, ByRetailer (2020-2028) (US $MN)
80 Asia Pacific Blockchain in Agriculture Market Outlook, ByApplication (2020-2028) (US $MN)
81 Asia Pacific Blockchain in Agriculture Market Outlook, ByProduct Traceability, Tracking, and Visibility (2020-2028) (US $MN)
82 Asia Pacific Blockchain in Agriculture Market Outlook, ByPayment and Settlement (2020-2028) (US $MN)
83 Asia Pacific Blockchain in Agriculture Market Outlook, BySmart Contract (2020-2028) (US $MN)
84 Asia Pacific Blockchain in Agriculture Market Outlook, ByGovernance, Risk, and Compliance Management (2020-2028) (US $MN)
85 South America Blockchain in Agriculture Market Outlook, By Country (2020-2028) (US $MN)
86 South America Blockchain in Agriculture Market Outlook, ByType (2020-2028) (US $MN)
87 South America Blockchain in Agriculture Market Outlook, ByHybrid/Consortium (2020-2028) (US $MN)
88 South America Blockchain in Agriculture Market Outlook, ByPrivate (2020-2028) (US $MN)
89 South America Blockchain in Agriculture Market Outlook, ByPublic (2020-2028) (US $MN)
90 South America Blockchain in Agriculture Market Outlook, ByProviders (2020-2028) (US $MN)
91 South America Blockchain in Agriculture Market Outlook, ByApplication Providers (2020-2028) (US $MN)
92 South America Blockchain in Agriculture Market Outlook, ByMiddleware Providers (2020-2028) (US $MN)
93 South America Blockchain in Agriculture Market Outlook, ByInfrastructure and Protocol Provider (2020-2028) (US $MN)
94 South America Blockchain in Agriculture Market Outlook, ByOrganization Size (2020-2028) (US $MN)
95 South America Blockchain in Agriculture Market Outlook, BySmall and Medium-Sized Enterprises (2020-2028) (US $MN)
96 South America Blockchain in Agriculture Market Outlook, ByLarge Enterprises (2020-2028) (US $MN)
97 South America Blockchain in Agriculture Market Outlook, ByStakeholders (2020-2028) (US $MN)
98 South America Blockchain in Agriculture Market Outlook, ByGrowers (2020-2028) (US $MN)
99 South America Blockchain in Agriculture Market Outlook, ByFood Manufacturers/Processors (2020-2028) (US $MN)
100 South America Blockchain in Agriculture Market Outlook, ByRetailer (2020-2028) (US $MN)
101 South America Blockchain in Agriculture Market Outlook, ByApplication (2020-2028) (US $MN)
102 South America Blockchain in Agriculture Market Outlook, ByProduct Traceability, Tracking, and Visibility (2020-2028) (US $MN)
103 South America Blockchain in Agriculture Market Outlook, ByPayment and Settlement (2020-2028) (US $MN)
104 South America Blockchain in Agriculture Market Outlook, BySmart Contract (2020-2028) (US $MN)
105 South America Blockchain in Agriculture Market Outlook, ByGovernance, Risk, and Compliance Management (2020-2028) (US $MN)
106 Middle East & Africa Blockchain in Agriculture Market Outlook, By Country (2020-2028) (US $MN)
107 Middle East & Africa Blockchain in Agriculture Market Outlook, ByType (2020-2028) (US $MN)
108 Middle East & Africa Blockchain in Agriculture Market Outlook, ByHybrid/Consortium (2020-2028) (US $MN)
109 Middle East & Africa Blockchain in Agriculture Market Outlook, ByPrivate (2020-2028) (US $MN)
110 Middle East & Africa Blockchain in Agriculture Market Outlook, ByPublic (2020-2028) (US $MN)
111 Middle East & Africa Blockchain in Agriculture Market Outlook, ByProviders (2020-2028) (US $MN)
112 Middle East & Africa Blockchain in Agriculture Market Outlook, ByApplication Providers (2020-2028) (US $MN)
113 Middle East & Africa Blockchain in Agriculture Market Outlook, ByMiddleware Providers (2020-2028) (US $MN)
114 Middle East & Africa Blockchain in Agriculture Market Outlook, ByInfrastructure and Protocol Provider (2020-2028) (US $MN)
115 Middle East & Africa Blockchain in Agriculture Market Outlook, ByOrganization Size (2020-2028) (US $MN)
116 Middle East & Africa Blockchain in Agriculture Market Outlook, BySmall and Medium-Sized Enterprises (2020-2028) (US $MN)
117 Middle East & Africa Blockchain in Agriculture Market Outlook, ByLarge Enterprises (2020-2028) (US $MN)
118 Middle East & Africa Blockchain in Agriculture Market Outlook, ByStakeholders (2020-2028) (US $MN)
119 Middle East & Africa Blockchain in Agriculture Market Outlook, ByGrowers (2020-2028) (US $MN)
120 Middle East & Africa Blockchain in Agriculture Market Outlook, ByFood Manufacturers/Processors (2020-2028) (US $MN)
121 Middle East & Africa Blockchain in Agriculture Market Outlook, ByRetailer (2020-2028) (US $MN)
122 Middle East & Africa Blockchain in Agriculture Market Outlook, ByApplication (2020-2028) (US $MN)
123 Middle East & Africa Blockchain in Agriculture Market Outlook, ByProduct Traceability, Tracking, and Visibility (2020-2028) (US $MN)
124 Middle East & Africa Blockchain in Agriculture Market Outlook, ByPayment and Settlement (2020-2028) (US $MN)
125 Middle East & Africa Blockchain in Agriculture Market Outlook, BySmart Contract (2020-2028) (US $MN)
126 Middle East & Africa Blockchain in Agriculture Market Outlook, ByGovernance, Risk, and Compliance Management (2020-2028) (US $MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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