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The demand for increased online security will lead the blockchain market in the retail sector to register considerable growth in the forthcoming years. The application of blockchain for identity management helps in reducing identity and transaction fraud in offline and real-world scenarios for easy documentation and identity proofs. This will further lead the blockchain market in the retail sector to witness continuous growth during the forecast period. The analysts have predicted that the blockchain market in the retail sector will register a CAGR of nearly 81% by 2023.
Market Overview
Booming e-commerce industry
One of the growth drivers of the global blockchain market in the retail sector is the booming e-commerce industry. The entry of a large number of e-commerce vendors is expected during the forecast period, and they will adopt blockchain solutions to have a competitive advantage in the market, which will drive the growth of the market.
Need for IT scalability to adopt blockchain technology
One of the challenges in the growth of the global blockchain market is the need for IT scalability to adopt blockchain technology. The requirement for hardware is increasing the cost for retailers, thus restricting end-users in the retail sector to adopt blockchain.
For the detailed list of factors that will drive and challenge the growth of the blockchain market in the retail sector during 2019-2023, view the report.
Competitive Landscape
The market appears to be moderately fragmented with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Market Overview
Booming e-commerce industry
One of the growth drivers of the global blockchain market in the retail sector is the booming e-commerce industry. The entry of a large number of e-commerce vendors is expected during the forecast period, and they will adopt blockchain solutions to have a competitive advantage in the market, which will drive the growth of the market.
Need for IT scalability to adopt blockchain technology
One of the challenges in the growth of the global blockchain market is the need for IT scalability to adopt blockchain technology. The requirement for hardware is increasing the cost for retailers, thus restricting end-users in the retail sector to adopt blockchain.
For the detailed list of factors that will drive and challenge the growth of the blockchain market in the retail sector during 2019-2023, view the report.
Competitive Landscape
The market appears to be moderately fragmented with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 10: DECISION FRAMEWORKPART 12: MARKET TRENDS
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 09: GEOGRAPHIC LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
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Global Blockchain Market in Retail Sector 2019-2023
The analyst recognizes the following companies as the key players in the global blockchain market in the retail sector: Accenture, IBM, Microsoft, Oracle, and SAP SE.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growth of quantum computing.”
According to the report, one of the major drivers for this market is the demand for increased online security.
Further, the report states that one of the major factors hindering the growth of this market is the lack of awareness about blockchain technology in the retail industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The analyst recognizes the following companies as the key players in the global blockchain market in the retail sector: Accenture, IBM, Microsoft, Oracle, and SAP SE.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growth of quantum computing.”
According to the report, one of the major drivers for this market is the demand for increased online security.
Further, the report states that one of the major factors hindering the growth of this market is the lack of awareness about blockchain technology in the retail industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Accenture
- IBM
- Microsoft
- Oracle
- SAP SE
Note: Product cover images may vary from those shown
