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Blockchain in Retail Market by Component Application and Organization Size: Global Opportunity Analysis and Industry Forecast, 2018-2026

  • ID: 4989501
  • Report
  • November 2019
  • Region: Global
  • 253 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Bitfury Group Limited
  • Cognizant
  • Infosys Limited
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • MORE
Blockchain is a solution for majority of the industrial digital concerns such as, supply chain management, transaction speed, compliance management, product security and counterfeiting, transparency, and others. Blockchain as a technology initially was developed to serve as the public transaction ledger for cryptocurrencies, which uses distributed databases and cryptography to record and secure transactions. This characteristic of blockchain provides a high level of security while transmitting and storing data, open and transparent network infrastructure, decentralized ledger, and low cost of operations benefits. Moreover, blockchain in retail is anticipated to change the paper-intensive international trade processes to digital processes.

Factors such as increase in demand for transparent transactions and smart contracts is the key factor driving the market growth for the blockchain in retail industry. In addition, increase in investment by retail industries in blockchain-based solutions is also expected to boost the market growth. Moreover, rise in need to ensure quality, reliability, authenticity, and product safety are also some of the factors fueling the demand for blockchain solutions and services across global retailers. However, scarcity of skilled experts is expected to impede the market growth during the forecast period. Furthermore, rapid changes in the retail industry due to technological advancements and international trade are expected to provide major growth opportunities for the blockchain retail market in upcoming years.

The global blockchain in retail market is segmented based on component, application, organization size, and region. Based on component, the market is bifurcated into platform and services. Based on application, the market is divided into compliance management, identity management, loyalty and rewards management, payments & smart contracts, supply chain management, others. Based on organization size, the market is classified into large enterprises and small & medium enterprises. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the market. These include Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE and Tata Consultancy Services Limited.

KEY BENEFITS
  • The report provides an in-depth analysis of the global blockchain in retail market, outlining current trends, key driving factors, and potential areas for product investments.
  • Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global blockchain in retail market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS

By COMPONENT
  • Platform
  • Services
BY APPLICATION
  • Compliance management
  • Identity Management
  • Loyalty and Rewards Management
  • Payments & Smart Contracts
  • Supply Chain Management
  • Others
By ORGANIZATION SIZE
  • Large Enterprises
  • Small & Medium Enterprises
By REGION
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key MARKET PLAYERS PROFILED IN THE REPORT
  • Amazon Web Services, Inc. (AWS)
  • Auxesis Services & Technologies (P) Ltd.
  • Bitfury Group Limited
  • Cognizant
  • Infosys Limited
  • International Business Machines Corporation (IBM)
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Tata Consultancy Services Limited.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bitfury Group Limited
  • Cognizant
  • Infosys Limited
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology
1.5.1. Secondary Research
1.5.2. Primary Research
1.5.3. Analyst Tools & Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Global Blockchain In Retail Market
3.3. Impact Of Government Regulations On Global Blockchain In Retail Market
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increased Transactions Transparency
3.4.1.2. Increase In Need To Ensure Quality, Reliability, Authenticity, And Product Safety
3.4.1.3. Increase In Investment By Retail Industries In Blockchain-Based Solutions
3.4.2. Restraints
3.4.2.1. Scarcity Of Skilled Experts
3.4.3. Opportunities
3.4.3.1. Quickly Changing Retail Sector And International Trade
3.5. Evolution Of Blockchain Technology
3.6. Patent Analysis
3.6.1. By Region, 2004–2018
3.6.2. By Applicant

Chapter 4: Blockchain In Retail Market, By Component
4.1. Overview
4.2. Platform
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Services
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country

Chapter 5: Smart Space Market, By Application
5.1. Overview
5.2. Loyalty And Rewards Management
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.3. Identity Management
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country
5.4. Supply Chain Management
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis, By Country
5.5. Payments And Smart Contracts
5.5.1. Key Market Trends, Growth Factors, And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis, By Country
5.6. Compliance Management
5.6.1. Key Market Trends, Growth Factors, And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis, By Country
5.7. Others
5.7.1. Key Market Trends, Growth Factors, And Opportunities
5.7.2. Market Size And Forecast, By Region
5.7.3. Market Analysis, By Country

Chapter 6: Blockchain In Retail Market, By Organization Size
6.1. Overview
6.2. Large Enterprises
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country
6.3. Small And Medium Enterprises (Smes)
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country

Chapter 7: Global Blockchain In Retail Market, By Region
7.1. Overview
7.1.1. Market Size And Forecast, By Region
7.2. North America
7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast, By Component
7.2.3. Market Size And Forecast, By Application
7.2.4. Market Size And Forecast, By Organization Size
7.2.5. Market Analysis, By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast, By Component
7.2.5.1.2. Market Size And Forecast, By Application
7.2.5.1.3. Market Size And Forecast, By Organization Size
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast, By Component
7.2.5.2.2. Market Size And Forecast, By Application
7.2.5.2.3. Market Size And Forecast, By Organization Size
7.3. Europe
7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast, By Component
7.3.3. Market Size And Forecast, By Application
7.3.4. Market Size And Forecast, By Organization Size
7.3.5. Market Analysis, By Country
7.3.5.1. UK
7.3.5.1.1. Market Size And Forecast, By Component
7.3.5.1.2. Market Size And Forecast, By Application
7.3.5.1.3. Market Size And Forecast, By Organization Size
7.3.5.2. Germany
7.3.5.2.1. Market Size And Forecast, By Component
7.3.5.2.2. Market Size And Forecast, By Application
7.3.5.2.3. Market Size And Forecast, By Organization Size
7.3.5.3. France
7.3.5.3.1. Market Size And Forecast, By Component
7.3.5.3.2. Market Size And Forecast, By Application
7.3.5.3.3. Market Size And Forecast, By Organization Size
7.3.5.4. Spain
7.3.5.4.1. Market Size And Forecast, By Component
7.3.5.4.2. Market Size And Forecast, By Application
7.3.5.4.3. Market Size And Forecast, By Organization Size
7.3.5.5. Rest Of Europe
7.3.5.5.1. Market Size And Forecast, By Component
7.3.5.5.2. Market Size And Forecast, By Application
7.3.5.5.3. Market Size And Forecast, By Organization Size
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors And Opportunities
7.4.2. Market Size And Forecast, By Component
7.4.3. Market Size And Forecast, By Application
7.4.4. Market Size And Forecast, By Organization Size
7.4.5. Market Analysis, By Country
7.4.5.1. China
7.4.5.1.1. Market Size And Forecast, By Component
7.4.5.1.2. Market Size And Forecast, By Application
7.4.5.1.3. Market Size And Forecast, By Organization Size
7.4.5.2. India
7.4.5.2.1. Market Size And Forecast, By Component
7.4.5.2.2. Market Size And Forecast, By Application
7.4.5.2.3. Market Size And Forecast, By Organization Size
7.4.5.3. Japan
7.4.5.3.1. Market Size And Forecast, By Component
7.4.5.3.2. Market Size And Forecast, By Application
7.4.5.3.3. Market Size And Forecast, By Organization Size
7.4.5.4. Australia
7.4.5.4.1. Market Size And Forecast, By Component
7.4.5.4.2. Market Size And Forecast, By Application
7.4.5.4.3. Market Size And Forecast, By Organization Size
7.4.5.5. Rest Of Asia-Pacific
7.4.5.5.1. Market Size And Forecast, By Component
7.4.5.5.2. Market Size And Forecast, By Application
7.4.5.5.3. Market Size And Forecast, By Organization Size
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors And Opportunities
7.5.2. Market Size And Forecast, By Component
7.5.3. Market Size And Forecast, By Application
7.5.4. Market Size And Forecast, By Organization Size
7.5.5. Market Analysis, By Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size And Forecast, By Component
7.5.5.1.2. Market Size And Forecast, By Application
7.5.5.1.3. Market Size And Forecast, By Organization Size
7.5.5.2. Middle East
7.5.5.2.1. Market Size And Forecast, By Component
7.5.5.2.2. Market Size And Forecast, By Application
7.5.5.2.3. Market Size And Forecast, By Organization Size
7.5.5.3. Africa
7.5.5.3.1. Market Size And Forecast, By Component
7.5.5.3.2. Market Size And Forecast, By Application
7.5.5.3.3. Market Size And Forecast, By Organization Size

Chapter 8: Competitive Landscape
8.1. Competitive Dashboard
8.2. Key Developments
8.2.1. New Product Launches
8.2.2. Partnership
8.2.3. Product Development
8.2.4. Collaboration
8.2.5. Acquisition
8.2.6. Agreement
8.3. Top Winning Strategies

Chapter 9: Company Profile
9.1. Amazon Web Services, Inc.
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. Business Performance
9.1.7. Key Strategic Moves And Developments
9.2. Auxesis Services & Technologies (P) Ltd.
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Product Portfolio
9.2.5. Key Strategic Moves And Developments
9.3. Bitfury Group Limited
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Product Portfolio
9.3.5. Key Strategic Moves And Developments
9.4. Cognizant
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Snapshot
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. R&D Expenditure
9.4.7. Business Performance
9.4.8. Key Strategic Moves And Developments
9.5. Infosys Limited
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Snapshot
9.5.4. Product Portfolio
9.5.5. R&D Expenditure
9.5.6. Business Performance
9.5.7. Key Strategic Moves And Developments
9.6. International Business Machines Corporation
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Snapshot
9.6.4. Operating Business Segments
9.6.5. Product Portfolio
9.6.6. R&D Expenditure
9.6.7. Business Performance
9.6.8. Key Strategic Moves And Developments
9.7. Microsoft Corporation
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Snapshot
9.7.4. Operating Business Segments
9.7.5. Product Portfolio
9.7.6. R&D Expenditure
9.7.7. Business Performance
9.7.8. Key Strategic Moves And Developments
9.8. Oracle Corporation
9.8.1. Company Overview
9.8.2. Key Executives
9.8.3. Company Snapshot
9.8.4. Operating Business Segments
9.8.5. Product Portfolio
9.8.6. R&D Expenditure
9.8.7. Business Performance
9.8.8. Key Strategic Moves And Developments
9.9. Sap Se
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Snapshot
9.9.4. Operating Business Segments
9.9.5. Product Portfolio
9.9.6. R&D Expenditure
9.9.7. Business Performance
9.9.8. Key Strategic Moves And Developments
9.10. Tata Consultancy Services Limited
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Snapshot
9.10.4. Product Portfolio
9.10.5. R&D Expenditure
9.10.6. Business Performance
9.10.7. Key Strategic Moves And Developments

*Full List of Tables and Figures Available on Enquiry.
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FEATURED COMPANIES

  • Bitfury Group Limited
  • Cognizant
  • Infosys Limited
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • MORE
According to the report titled, 'Blockchain in Retail Market by Component, Application, and Organization Size: Global Opportunity Analysis and Industry Forecast, 2018-2026', the global blockchain in retail market size was valued at $83 million in 2018, and is projected to reach $11.18 billion by 2026, registering a CAGR of 84.6% from 2019 to 2026.

Blockchain as a digital technology has progressed a lot in the recent years. And among all the end users, the financial sector has been experiencing a major transformation. However, retailers are also exploring potential applications and benefits of blockchains across the retail industry. Online payments, card-based payment methods, and loyalty rewards and management have become dominant and gained huge traction in the recent past and, blockchain is expected to support all these changes by enabling increased speed of transaction and real-time processing.

Retailers need to collaborate with numerous partners and external stakeholders on joint projects to test blockchains application into their business. These factors are expected to create major blockchain in retail market opportunity in forthcoming years.

Furthermore, with suitable and appropriate collaboration, blockchain can enhance supply chain visibility that can improve sales forecasting and inventory control while creating product authenticity and provenance. In addition, blockchain can reduce costs and increase operational efficiency by eradicating the need for redundant databases and management systems across retail organizations.

The current compliance processes that are being used among retailers are time-consuming, which can lengthen other processes involved in the retail supply chain. The capability of blockchain to work in real time on shared common datasets and to enable secure compliance management offers better visibility to retailers. Thus, these features reduce the additional efforts for retailers, which in turn increases the adoption rate of blockchain technology for compliance management. Also, the traditional trade process in asset management involves huge cost and risks when it comes to cross-border transactions.

Based on component, the platform segment garnered major blockchain in retail market share in 2018 and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to rise in adoption of blockchain software among retailers due to growing need for safe and secure transmission of data across supply chain. Also, the availability of cost-effective solutions is also driving the demand for blockchain platforms across numerous retailers. Further, the services segment is expected to exhibit highest growth rate throughout the market forecast period.

By region, North America dominated the global market in 2018 and is expected to remain dominant during the forecast period due to presence of major market players and on-going developments in blockchain technology. Also, rise in data security concerns among retailers is also a key factor that is expected to fuel the blockchain in retail market in this region in upcoming years. Furthermore, Asia-Pacific is expected to exhibit highest growth rate during the forecast period.

According to Bhushan Jagtap, Research Analyst, ICT at Allied Market Research, “According to the blockchain in retail market analysis in Asia-Pacific, the market is projected to generate the highest growth rate during the forecast period, owing to rise in number of pirated and counterfeit goods in this region.”

Key Findings of the Blockchain in Retail Market:
Based on application, the payments & smart contracts segment dominated the global blockchain in retail market in 2018 and is expected to generate highest revenue during the forecast period. The growth of this segment is mainly attributed to increase in need to provide proof of delivery of any purchase that immediately triggers automatic payments and digital invoicing with zero-downtime analog gap between supplier and customer.

On the basis of organization size, the large enterprises segment dominated the global blockchain in retail market in 2018 and it is expected to remain dominant throughout the forecast period. On the contrary, small & medium size enterprise segment is expected to exhibit highest growth throughout the forecast period. The increase in need to shift from conventional business models to digital business is the key factor driving retailers to adopt blockchain solutions hence, fueling the blockchain in retail market growth of this segment.

Blockchain in Retail Market Players:
Some of the key blockchain in retail industry players profiled in the report include Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited,International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE, and Tata Consultancy Services Limited.
Note: Product cover images may vary from those shown
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  • Amazon Web Services Inc. (AWS)
  • Auxesis Services & Technologies (P) Ltd.
  • Bitfury Group Limited
  • Cognizant
  • Infosys Limited
  • International Business Machines Corporation (IBM)
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Tata Consultancy Services Limited.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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