Blockchain in Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report
144 Pages
May 2023
Region: Global
IMARC Group
ID: 5820549

The global blockchain in retail market size reached US$ 370.1 Million in 2022. Looking forward, the publisher expects the market to reach US$ 5,681.7 Million by 2028, exhibiting a growth rate (CAGR) of 54% during 2023-2028.

Blockchain in retail refers to a disruptive technology that relies on cryptography to record digital transactions on a distributed ledger in the retail industry. It is a cost-effective solution as it automates the transactions and the interoperability of applications and eliminates the need for administration. It assists businesses in tracking the product back to the supply chain, identifying suppliers, manufacturers, and batches to solve supply chain issues. It enables decentralized identity (DID), which helps retailers verify user identity and data when required. In addition, it streamlines administrative processes in the back offices of retailers, thereby allowing employees to focus more on value-added work.

Blockchain in Retail Market Trends:

The growing demand for transparent transactions in the retail industry to build trust between suppliers, companies, and customers represents one of the key factors driving the market. Moreover, there is a rise in investments by retailers in blockchain-based solutions to ensure quality, reliability, authenticity, and product safety. This, along with increasing technological advancements and international trade in the retail sector, is propelling the growth of the market. In addition, blockchain offers enhanced cryptographic security for its databases and transactions that help in fraud reduction and sustainability of retailers. This, coupled with the increasing utilization of blockchain in retail for digital payment, online shopping, and risk and compliance, is positively influencing the market. Besides this, the rising employment of blockchain in retail to monitor supply chain transactions for easy traceability of goods is offering lucrative growth opportunities to industry players. Additionally, the escalating demand for smart contracts to save time and cost of companies and remove merchants who charge extra for authenticating a transaction is bolstering the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global blockchain in retail market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, organization size and application.

Breakup by Component:

Platform/Solutions
Services

Breakup by Type:

Public Blockchain
Private Blockchain
Consortium Blockchain

Breakup by Organization Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

Breakup by Application:

Supply Chain Management
Food Safety Management
Customer Data Management
Identity Management
Compliance Management
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Auxesis Services & Technologies (P) Ltd, Cognizant, Infosys Limited, International Business Machines Corporation, Oracle Corporation, Reply, SAP SE, Sofocle Technologies Pvt. Ltd. and Tata Consultancy Services Limited (Tata Group).

Key Questions Answered in This Report:

How has the global blockchain in retail market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global blockchain in retail market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the type?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global blockchain in retail market and who are the key players?
What is the degree of competition in the industry?

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Blockchain in Retail Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component

6.1 Platform/Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Type

7.1 Public Blockchain
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Private Blockchain
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Consortium Blockchain
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Organization Size

8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises (SMEs)
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Application

9.1 Supply Chain Management
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Food Safety Management
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Customer Data Management
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Identity Management
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Compliance Management
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast

10 Market Breakup by Region

10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Amazon Web Services Inc. (Amazon.com Inc.)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Auxesis Services & Technologies (P) Ltd
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Cognizant
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Infosys Limited
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 International Business Machines Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Oracle Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Reply
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 SAP SE
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Sofocle Technologies Pvt. Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Tata Consultancy Services Limited (Tata Group)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Blockchain in Retail Market: Major Drivers and Challenges
Figure 2: Global: Blockchain in Retail Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Blockchain in Retail Market: Breakup by Component (in %), 2022
Figure 5: Global: Blockchain in Retail Market: Breakup by Type (in %), 2022
Figure 6: Global: Blockchain in Retail Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Blockchain in Retail Market: Breakup by Application (in %), 2022
Figure 8: Global: Blockchain in Retail Market: Breakup by Region (in %), 2022
Figure 9: Global: Blockchain in Retail (Platform/Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Blockchain in Retail (Platform/Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Blockchain in Retail (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Blockchain in Retail (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Blockchain in Retail (Public Blockchain) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Blockchain in Retail (Public Blockchain) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Blockchain in Retail (Private Blockchain) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Blockchain in Retail (Private Blockchain) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Blockchain in Retail (Consortium Blockchain) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Blockchain in Retail (Consortium Blockchain) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Blockchain in Retail (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Blockchain in Retail (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Blockchain in Retail (Small and Medium-sized Enterprises (SMEs)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Blockchain in Retail (Small and Medium-sized Enterprises (SMEs)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Blockchain in Retail (Supply Chain Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Blockchain in Retail (Supply Chain Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Blockchain in Retail (Food Safety Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Blockchain in Retail (Food Safety Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Blockchain in Retail (Customer Data Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Blockchain in Retail (Customer Data Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Blockchain in Retail (Identity Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Blockchain in Retail (Identity Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Blockchain in Retail (Compliance Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Blockchain in Retail (Compliance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Blockchain in Retail (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Blockchain in Retail (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: United States: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: United States: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Canada: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Canada: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia-Pacific: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia-Pacific: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: China: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: China: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Japan: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Japan: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: South Korea: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: South Korea: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Australia: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Australia: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Indonesia: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Indonesia: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Germany: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: France: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: France: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: United Kingdom: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: United Kingdom: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Italy: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Italy: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Spain: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Spain: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Russia: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Russia: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Latin America: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Latin America: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Brazil: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Brazil: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Mexico: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Mexico: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Blockchain in Retail Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Blockchain in Retail Market: Breakup by Country (in %), 2022
Figure 83: Middle East and Africa: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Global: Blockchain in Retail Industry: SWOT Analysis
Figure 85: Global: Blockchain in Retail Industry: Value Chain Analysis
Figure 86: Global: Blockchain in Retail Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Blockchain in Retail Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Blockchain in Retail Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Blockchain in Retail Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Blockchain in Retail Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 5: Global: Blockchain in Retail Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Blockchain in Retail Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Blockchain in Retail Market: Competitive Structure
Table 8: Global: Blockchain in Retail Market: Key Players

Companies Mentioned

Amazon Web Services Inc. (Amazon.com Inc.)
Auxesis Services & Technologies (P) Ltd
Cognizant
Infosys Limited
International Business Machines Corporation
Oracle Corporation
Reply
SAP SE
Sofocle Technologies Pvt. Ltd. and Tata Consultancy Services Limited (Tata Group)

Methodology

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Table Information

Report Attribute	Details
No. of Pages	144
Published	May 2023
Forecast Period	2022 - 2028
Estimated Market Value ( USD ) in 2022	$ 370.1 Million
Forecasted Market Value ( USD ) by 2028	$ 5681.7 Million
Compound Annual Growth Rate	57.6%
Regions Covered	Global
No. of Companies Mentioned	9

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