Report

blockchain in retail market

Blockchain in Retail Market By Providers (Application Providers, Middleware Providers, and Infrastructure Providers), By Applications (Supply Chain Tracking, Smart Loyalty Programs, Identity Management, Fraud and Counterfeit, Smart Contracts, Compliance Management, Payments, and Others), By Organization Size (SMEs and Large Enterprises), and By Region (North America, Europe, APAC, and RoW) – Global Forecast up to 2025

pages Pages: 78
tables Tables: 39
charts Charts: 29
country Regions/Countries: 4 / 8
compaines Companies: 13
enqhours Enquiry Hours: 10
  • Get Free 10% Customization in this Report

COVID - 19

Covid impact updated reports at special price

This market research report includes a detailed segmentation of the global blockchain in retail market by providers (Application providers, Middleware providers, and Infrastructure providers), by applications (Supply Chain Tracking, Smart Loyalty Programs, Identity Management, Fraud and Counterfeit, Smart Contracts, Compliance Management, Payments, and Others), by organization size (SMEs and Large Enterprises), and by region (North America, Europe, APAC, and RoW). The market research report identifies IBM, Microsoft, SAP, AWS, Oracle, Auxesis Group, Bitfury, Guardtime, CoinBase, and Reply as the major vendors operating in the global blockchain in retail market.

Overview of the Blockchain in Retail Market

Infoholic’s market research report predicts that the global blockchain in retail market will grow at a CAGR of more than 65% during the forecast period. Blockchain applications for the retailers are made on permissioned ledgers which are controlled by some actors or miners, which enhances security and traceability. The market is expected to grow as several IT players as well as start-ups have initiated the promising pilot projects. For example Nestle, a food retail giant in July 2019 announced that it would pilot the open blockchain technology for tracking its products along the supply chain. Walmart is testing the blockchain application to provide traceability for “farm to fork” and to improve transparency, efficiency, and food safety.

Retail industry is transforming continuously and is becoming more personalized by offering product recommendations and frictionless customer shopping experience. Customers today demand for more personalized shopping experience and faster transaction times, which is fueling the adoption of advanced technologies in the retail industry. Blockchain technology is supporting retail and e-commerce sector by offering more security, visibility and enhanced supply chain transparency. For enhancing the business models and store fulfillment, many retailers are adopting blockchain technology. Retailers are also taking initiatives to integrate cryptocurrencies into their operations. Rakuten, a Japan-based online retailer accepts bitcoin payments and is planning to introduce Rakuten Coin, a new cryptocurrency that will support the company’s loyalty services.

According to the blockchain in retail industry analysis, North America accounted for the largest share of the global blockchain in retail market in 2018. Retailers in North America are leveraging the blockchain technology for optimizing their consumer spending and effectively allocating the inventories. High presence of retailers such as Walmart, Kroger, The Home Depot, Target Corporation, CVS Health, Walgreens Boots Alliance, and Lowe's Companies in this region, which are focusing towards adoption of blockchain is one of the major factor leading to the growth of the market in North America. The Asia Pacific region is expected to witness the fastest growth rate due to increased investments in blockchain-based start-ups.

Blockchain in Retail Market Competitive Analysis and Key Vendors

The report covers and analyzes the global blockchain in retail market. Major vendors across different verticals are planning for high investments in this market and as a result, the blockchain in retail market is expected to grow at an impressive rate in the coming years. The key players in this market are adopting various organic as well as inorganic growth strategies such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies to be in the strong position in the market.

Few of the Key Vendors in the Blockchain in Retail Market:

  • IBM
  • Microsoft
  • SAP
  • AWS
  • Oracle
  • Auxesis Group
  • Bitfury
  • Guardtime
  • CoinBase
  • Reply

IBM had already identified the potential of blockchain technology in retail and has several projects in development and pilot stages.

There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.

Blockchain in Retail Market Segmentation By Providers

  • Application Providers
  • Middleware Providers
  • Infrastructure Providers

The application providers segment is estimated to hold the largest market share and is expected to witness significant growth at the highest CAGR as application providers are the entities that are usually specialized in different protocol implementations.

Blockchain in Retail Market Segmentation By Applications

  • Supply Chain Tracking
  • Smart Loyalty Programs
  • Identity Management
  • Fraud and Counterfeit
  • Smart Contracts
  • Compliance Management
  • Payments
  • Others

Among these applications, the supply chain tracking is estimated to hold the largest market share in 2019 and the fraud and counterfeit application is anticipated to grow at the highest rate during the forecast period 2019–2025.

Blockchain in Retail Market Segmentation By Organization Size

  • SME’s
  • Large Enterprises

The large enterprises segment is expected to hold the largest market share and the SME’s segment is predicted to grow at the highest CAGR during the forecast period.

Blockchain in Retail Market Research Benefits

The report provides an in-depth analysis of the blockchain in retail market. The blockchain in retail industry offers many advantages including greater scalability, increased innovation, and enhanced transparency & security. Blockchain technology can close the trust gap by establishing enhanced trust between retailers and consumers as well as within entire retail supply chain. Blockchain is also helping retailers in protecting and managing the consumer data. The report discusses the market in terms of providers, applications, verticals, and regions. Further, the report provides details about the major challenges impacting the market growth.

1 Executive Summary

    1.1 Synopsis of Key Findings

2 Industry Outlook

    2.1 Overview

    2.2 Key Industry Trends

3              Market Snapshot

3.1          Total Addressable Market

3.2          Segment Addressable Market

3.2.1      PEST Analysis

3.2.2      Porter’s Five Force Analysis

3.3          Related Markets

4              Market Characteristics

4.1          Market Ecosystem

4.2          Market Segmentation

4.3          Market Dynamics

4.3.1      Market Drivers

4.3.2      Market Restraints

4.3.3      Market Opportunities

4.3.4      DRO Impact Analysis

5              Global Blockchain in Retail Market, By Providers

5.1          Overview

5.2          Application Providers

5.3          Middleware Providers

5.4          Infrastructure Providers

6              Global Blockchain in Retail Market, By Applications

6.1          Overview

6.2          Supply Chain Tracking

6.3          Smart Loyalty Programs

6.4          Identity Management

6.5          Fraud and Counterfeit

6.6          Smart Contracts

6.7          Compliance Management

6.8          Payments

6.9          Others

7              Global Blockchain in Retail Market, By Organization Size

7.1          Overview

7.2          SME's

7.3          Large Enterprises

8              Global Blockchain in Retail Market, By Region

8.1          Overview

8.2          North America

8.2.1      US

8.2.2      Canada

8.3          Europe

8.3.1      Germany

8.3.2      UK

8.3.3      RoE       

8.4          APAC

8.4.1      China    

8.4.2      India

8.4.3      RoAPAC              

8.5          RoW

9.5.1     MEA

9.5.2     Latin America

9              Competitive Landscape

9.1          Competitor Analysis

9.2          Product/Offerings Portfolio Analysis

9.3          Market Developments

9.3.1      Mergers & Acquisitions (M&A), Expansions, and Partnerships

9.3.2      Business Restructuring

9.3.3      Product Launches & Exhibitions

10           Vendor Profiles

10.1        IBM

10.1.1    Analyst Opinion

10.1.2    Business Analysis

10.2        Microsoft

10.2.1    Analyst Opinion

10.2.2    Business Analysis

10.3        SAP

10.3.1    Analyst Opinion

10.3.2    Business Analysis

10.4        AWS

10.4.1    Analyst Opinion

10.4.2    Business Analysis

10.5        Oracle

10.5.1    Analyst Opinion

10.5.2    Business Analysis

10.6        Auxesis Group

10.6.1    Analyst Opinion

10.6.2    Business Analysis

10.7        Bitfury

10.7.1    Analyst Opinion

10.7.2    Business Analysis

10.8        Guardtime

10.8.1    Analyst Opinion

10.8.2    Business Analysis

10.9        CoinBase

10.9.1    Analyst Opinion

10.9.2    Business Analysis

10.10       Reply

10.10.1 Analyst Opinion

10.10.2 Business Analysis

10.11     BitPay

10.12     Project Provenance

11           Annexure

11.1        Report Scope

11.2        Market Definition

11.3        Research Methodology

11.3.1    Data Collation & In-house Estimation

11.3.2    Market Triangulation

11.3.3    Forecasting

11.4        Study Declarations

11.5        Report Assumptions

11.6        Stakeholders    

11.7        Abbreviations

TABLE X    GLOBAL BLOCKCHAIN IN RETAIL MARKET, BY PROVIDERS, 2018–2025 ($MILLION)
TABLE X    GLOBAL BLOCKCHAIN IN RETAIL MARKET, BY APPLICATIONS, 2018–2025 ($MILLION)
TABLE X    GLOBAL BLOCKCHAIN IN RETAIL MARKET, BY ORGANIZATION SIZE, 2018–2025 ($MILLION)
TABLE X    GLOBAL BLOCKCHAIN IN RETAIL MARKET, BY REGION, 2018–2025 ($MILLION)    
TABLE X    MAJOR COMPANIES AND THEIR OPERATIONS    
TABLE 7    PRODUCT/OFFERINGS: GLOBAL BLOCKCHAIN IN RETAIL MARKET    
TABLE X    MERGER & ACQUISITION, 2018 AND 2019    
TABLE X    EXPANSIONS, 2018 AND 2019    
TABLE X    BUSINESS RESTRUCTURING, 2018 AND 2019    
TABLE X    IBM: OVERVIEW    
TABLE X   IBM: STRATEGIC SNAPSHOT    
TABLE X    IBM: PRODUCT/SERVICE PORTFOLIO

TABLE X    RESEARCH METHODOLOGY OF GLOBAL BLOCKCHAIN IN RETAIL MARKET: DATA COLLATION    
TABLE X    RESEARCH METHODOLOGY OF GLOBAL BLOCKCHAIN IN RETAIL MARKET: TRIANGULATION
TABLE X    RESEARCH METHODOLOGY OF GLOBAL BLOCKCHAIN IN RETAIL MARKET: FORECASTING    

Research Framework

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting
Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources

Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources

Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

outicon

Blockchain in Retail Market By Providers (Application Providers, Middleware Providers, and Infrastructure Providers), By Applications (Supply Chain Tracking, Smart Loyalty Programs, Identity Management, Fraud and Counterfeit, Smart Contracts, Compliance Management, Payments, and Others), By Organization Size (SMEs and Large Enterprises), and By Region (North America, Europe, APAC, and RoW) – Global Forecast up to 2025
Interested in this report?
Get your FREE sample now!

Select User License

$

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer 10% worth of FREE customization at the time of purchase

Speak to our analyst
Related Reports