Blockchain in Agriculture Market segment, Trends, Drivers, and Restraints: Analysis and Forecast by 2030

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Data Bridge Market Research analyses that the blockchain in agriculture market is expected to reach USD 241.46 million by 2030, which was USD 172.41 million in 2022, registering a CAGR of 4.30% from 2023 to 2030

Blockchain in Agriculture Market Research report 2030 is a well-generated market report which helps achieve comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market. This report deals with plentiful aspects of the ABC industry. The CAGR values covered here estimates the fluctuation about the rise or fall of demand for the specific forecasted period with respect to investment. A comprehensive market study and analysis of trends in consumer and supply chain dynamics underlined in this report assists businesses in drawing the strategies about sales, marketing, advertising, and promotion.

Data Bridge Market Research analyses that the blockchain in agriculture market is expected to reach USD 241.46 million by 2030, which was USD 172.41 million in 2022, registering a CAGR of 4.30% from 2023 to 2030.

Some of the major players operating in the Blockchain in Agriculture Market are:

Amazon Web Services, Inc. (U.S.), IBM (U.S.), Microsoft (U.S.), TE-FOOD International GmbH (Germany), Bitfury Group Limited (Netherlands), SAP SE (U.S.), Antier Solutions Pvt. Ltd. (India), AgriDigital (Australia), AirDAO (India), Arc-net (U.K.), FCE Group AG (U.S.), Ripe Technology, Inc (U.S.), GrainChain, Inc. (U.S.)

Market Segments: -

The blockchain in agriculture market is segmented on the basis of type, organization size, stakeholder, provider and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Public
  • Private
  • Hybrid/Consortium

 Organization Size

  • Large Enterprises
  • SMEs

Stakeholder

  • Growers
  • Food Manufacturers/Processors
  • Retailers

 Provider

  • Application and Solution
  • Middleware
  • Infrastructure and Protocol

Application

  • Product Traceability
  • Tracking and Visibility
  • Payment and Settlement
  • Smart Contracts
  • Governance
  • Risk and Compliance Management

Opportunities: -

  • Increasing usage of blockchain with IoT in the agriculture sector

The usage of blockchain with the internet of things (IoT) is a developing trend followed by blockchain companies in agriculture. Companies use blockchain to save and secure data in internet of things (IoT) devices. IoT involves a system of devices that can transfer, collect, and store data over a wireless network. The usage of blockchain with internet of things (IoT) devices allows smart devices to exchange data or information and other financial transactions in a private, scalable, and reliable manner. Blockchain technology with the internet of things (IoT) in agriculture further supports businesses to access data without requiring control and management. Hence, increasing the usage of blockchain with IoT in agriculture will likely drive market growth.

  • Growing modernization of farm management software

The other major factor likely to generate lucrative market growth is the modernization of farm management software. The farm management software will develop mainstream soon in reality. This product or software uses the typical customer service model to work. Thus, they are not as proficient in delivering their maximum return as they could with blockchain. Hence, blockchain for this condition can help take farm management software (FMS) to another level. Also, this software will have the safety and security they require with blockchain's protection. As a result of all these factors, boost the market growth in upcoming years.

Regional incites: -

·         North America dominates the blockchain in agriculture market due to the strong presence of major regional companies. Furthermore, increasing research and development activities for blockchain in agriculture due to benefits offered to the farming vertical, such as payment, transparency, and land registry, will further boost the market growth. Asia-Pacific is anticipated to be the fastest growing region in blockchain in agriculture market during the forecast period of 2023-2030 because of increasing investment made by numerous stakeholders and increasing government support for exploration in this region. Moreover, the adoption of modern technology will further increase market growth,

Get the Full report link @ https://www.databridgemarketresearch.com/reports/global-blockchain-in-agriculture-market

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Blockchain in Agriculture Market Landscape

Part 04: Blockchain in Agriculture Market Sizing

Part 05: Blockchain in Agriculture Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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