Blockchain in Retail Market by Provider, Application (Compliance Management, Identity Management, Loyalty & Rewards Management, Payment, Smart Contracts, and Supply Chain Management), Organization Size, and Region - Global Forecast to 2023

  • ID: 4585625
  • Report
  • Region: Global
  • 126 Pages
  • Markets and Markets
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The Blockchain in Retail Market Size is Expected to Grow From USD 80.0 Million in 2018 to USD 2,339.5 Million by 2023, at a CAGR of 96.4%

FEATURED COMPANIES

  • Abra
  • Bitfury
  • Blockverify
  • Guardtime
  • Modultrade
  • Recordskeeper
  • MORE

"Growing interests and increasing applications of the blockchain technology in the retail industry is expected to drive the blockchain in retail market"

The blockchain in retail market size is expected to grow from USD 80.0 million in 2018 to USD 2,339.5 million by 2023, at a Compound Annual Growth Rate (CAGR) of 96.4% during the forecast period. The blockchain in retail market is driven by the growing need for increased efficiency and speed in retail and supply chain transactions, and focus on preventing fraudulent activities in the retail industry. However, uncertain regulatory and compliance environment along with the lack of awareness and technical understanding about the blockchain technology can hinder the growth of the market.

"Loyalty and rewards management segment is expected to grow at the highest CAGR during the forecast period"

The loyalty and rewards management segment is expected to grow at the highest CAGR during the forecast period. Loyalty and rewards management is an integral part of the sales services that the retailers are expected to provide to their customers. This has become easier and cost effective with the help of the blockchain technology. Traditional solutions create complications while managing the information related to purchase dates, warranties, and loyalty and reward points status. The blockchain technology can be successfully implemented by retailers for managing documents, maintaining loyalty records, tracking account inactivity. This can help them reduce redemption rates, customer service and marketing costs and eventually create more value for the consumers, and the investors. Hence, the adoption of blockchain technology to manage loyalty and rewards in the retail sector is increasing.

"APAC is expected to record the highest growth rate during the forecast period"

APAC is expected to grow at the highest rate during the forecast period, due to the growing number of blockchain startups and increasing venture funding activities in the blockchain technology solutions for the retail industry aimed at transforming the various business processes and transactions. The key financial hubs, and massive shipping and trading markets, including Hong Kong and Singapore, provide huge opportunities for the adoption of the blockchain in the retail industry. North America, being the early adopter of innovative technologies, is projected to hold the largest market size in the global blockchain in retail market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the blockchain in retail marketplace.

  • By company type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
  • By designation: C-Level: 60%, Director Level: 25%, Others: 15%
  • By region: North America: 35%, Europe: 25%, APAC: 20%, MEA: 10%, Latin America: 10%

Major blockchain technology vendors include, IBM (US), SAP (Germany), Microsoft (US), Oracle (US), AWS (US), Bitfury (the Netherlands), Auxesis Group (India), Cegeka (the Netherlands), BTL (Canada), Guardtime (Estonia), CoinBase (US), loyyal (US), Sofocle (India), BigchainDB (Germany), RecordsKeeper (Spain), BitPay (US), Abra (US), Reply (Italy), Provenance (UK), ModulTrade (UK), Blockverify (UK), OGYDocs (Israel), Warranteer (Israel), and Blockchain Foundary (Singapore). The study includes in-depth competitive analysis of these key players in the blockchain in retail market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The market study covers the blockchain in retail market across segments. It aims at estimating the market size and the growth potential of this market, across segments, such as provider, application, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall blockchain in retail market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Abra
  • Bitfury
  • Blockverify
  • Guardtime
  • Modultrade
  • Recordskeeper
  • MORE

1 Introduction
    1.1 Introduction
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions and Limitations
           2.3.1 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities in the Blockchain in Retail Market
    4.2 Blockchain in Retail Market, By Provider
    4.3 Blockchain in Retail Market, By Application
    4.4 Blockchain in Retail Market, By Region

5 Market Overview and Industry Trends
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Interests in the Adoption of the Blockchain Technology in the Retail Industry
                    5.2.1.2 Rising Efficiency and Speed in Retail and Supply Chain Transactions
                    5.2.1.3 Reduced Total Cost of Ownership
           5.2.2 Restraints
                    5.2.2.1 Uncertain Regulatory and Compliance Environment
           5.2.3 Opportunities
                    5.2.3.1 Rapidly Transforming International Trade and Retail Sector
                    5.2.3.2 Increasing Venture Funding and Investments in the Blockchain Technology
           5.2.4 Challenges
                    5.2.4.1 Lack of Standards and Best Practices
                    5.2.4.2 Lack of Awareness and Technical Understanding About the Blockchain Technology
    5.3 Industry Trends
           5.3.1 Types of Blockchain Technology
                    5.3.1.1 Private Blockchain
                    5.3.1.2 Public Blockchain
           5.3.2 Blockchain Associations and Consortiums
                    5.3.2.1 Enterprise Ethereum Alliance
                    5.3.2.2 Hyperledger Consortium
                    5.3.2.3 Blockchain Collaborative Consortium
                    5.3.2.4 R3cev Blockchain Consortium
    5.4 Use Cases
           5.4.1 Blockchain Technology for Automated Customer Services
           5.4.2 Blockchain Project for Supply Chain and Inventory Management
           5.4.3 Blockchain for Payments and Ecommerce
           5.4.4 Blockchain for Kyc Compliance in Retail

6 Blockchain in Retail Market, By Provider
    6.1 Introduction
    6.2 Application Providers
    6.3 Middleware Providers
    6.4 Infrastructure Providers

7 Blockchain in Retail Market, By Application
    7.1 Introduction
    7.2 Compliance Management
    7.3 Identity Management
    7.4 Loyalty and Rewards Management
    7.5 Payments
    7.6 Smart Contracts
    7.7 Supply Chain Management
    7.8 Others

8 Blockchain in Retail Market, By Organization Size
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Blockchain in Retail Market, By Region
    9.1 Introduction
    9.2 North America
           9.2.1 By Provider
           9.2.2 By Application
           9.2.3 By Organization Size
           9.2.4 By Country
                    9.2.4.1 United States
                    9.2.4.2 Canada
    9.3 Europe
           9.3.1 By Provider
           9.3.2 By Application
           9.3.3 By Organization Size
           9.3.4 By Country
                    9.3.4.1 United Kingdom
                    9.3.4.2 Germany
                    9.3.4.3 Rest of Europe
    9.4 Asia Pacific
           9.4.1 By Provider
           9.4.2 By Application
           9.4.3 By Organization Size
           9.4.4 By Country
                    9.4.4.1 China
                    9.4.4.2 India
                    9.4.4.3 Australia and New Zealand
                    9.4.4.4 Rest of Asia Pacific
    9.5 Middle East and Africa
           9.5.1 By Provider
           9.5.2 By Application
           9.5.3 By Organization Size
           9.5.4 By Subregion
                    9.5.4.1 Middle East
                    9.5.4.2 Africa
    9.6 Latin America
           9.6.1 By Provider
           9.6.2 By Application
           9.6.3 By Organization Size
           9.6.4 By Country
                    9.6.4.1 Brazil
                    9.6.4.2 Mexico
                    9.6.4.3 Rest of Latin America

10 Competitive Landscape
     10.1 Overview
     10.2 Market Ranking and Key Players
     10.3 Competitive Scenario
             10.3.1 New Product Launches and Product Enhancements
             10.3.2 Partnerships, Agreements, and Collaborations

11 Company Profiles
(Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis)*
     11.1 IBM
     11.2 Microsoft
     11.3 SAP
     11.4 AWS
     11.5 Oracle
     11.6 Bitfury
     11.7 Cegeka
     11.8 Auxesis Group
     11.9 Blockpoint
     11.10 Coinbase
     11.11 Loyyal
     11.12 Abra
     11.13 Bitpay
     11.14 Blockverify
     11.15 BTL Group
     11.16 Modultrade
     11.17 Recordskeeper
     11.18 Guardtime
     11.19 Blockchain Foundry
     11.20 Bigchaindb
     11.21 Sofocle Technologies
     11.22 OGY Docs
     11.23 Reply
     11.24 Project Provenance
     11.25 Warranteer Digital

*Details on Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, and author's View Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 United States Dollar Exchange Rate, 2015-2017
Table 2 Blockchain in Retail Market Size and Growth Rate, 2016-2023 (USD Million, Y-O-Y %)
Table 3 Blockchain in Retail Market Size, By Provider, 2016-2023 (USD Million)
Table 4 Application Providers: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 5 Middleware Providers: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 6 Infrastructure Providers: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 7 Blockchain in Retail Market Size, By Application, 2016-2023 (USD Million)
Table 8 Compliance Management: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 9 Identity Management: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 10 Loyalty and Rewards Management: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 11 Payments: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 12 Smart Contracts: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 13 Supply Chain Management: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 14 Others: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 15 Blockchain in Retail Market Size, By Organization Size, 2016-2023 (USD Million)
Table 16 Small and Medium-Sized Enterprises: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 17 Large Enterprises: Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 18 Blockchain in Retail Market Size, By Region, 2016-2023 (USD Million)
Table 19 North America: Blockchain in Retail Market Size, By Provider, 2016-2023 (USD Million)
Table 20 North America: Blockchain in Retail Market Size, By Application, 2016-2023 (USD Million)
Table 21 North America: Blockchain in Retail Market Size, By Organization Size, 2016-2023 (USD Million)
Table 22 North America: Blockchain in Retail Market Size, By Country, 2016-2023 (USD Million)
Table 23 Europe: Blockchain in Retail Market Size, By Provider, 2016-2023 (USD Million)
Table 24 Europe: Blockchain in Retail Market Size, By Application, 2016-2023 (USD Million)
Table 25 Europe: Blockchain in Retail Market Size, By Organization Size, 2016-2023 (USD Million)
Table 26 Europe: Blockchain in Retail Market Size, By Country, 2016-2023 (USD Million)
Table 27 Asia Pacific: Blockchain in Retail Market Size, By Provider, 2016-2023 (USD Million)
Table 28 Asia Pacific: Blockchain in Retail Market Size, By Application, 2016-2023 (USD Million)
Table 29 Asia Pacific: Blockchain in Retail Market Size, By Organization Size, 2016-2023 (USD Million)
Table 30 Asia Pacific: Blockchain in Retail Market Size, By Country, 2016-2023 (USD Million)
Table 31 Middle East and Africa: Blockchain in Retail Market Size, By Provider, 2016-2023 (USD Million)
Table 32 Middle East and Africa: Blockchain in Retail Market Size, By Application, 2016-2023 (USD Million)
Table 33 Middle East and Africa: Blockchain in Retail Market Size, By Organization Size, 2016-2023 (USD Million)
Table 34 Middle East and Africa: Blockchain in Retail Market Size, By Subregion, 2016-2023 (USD Million)
Table 35 Latin America: Blockchain in Retail Market Size, By Provider, 2016-2023 (USD Million)
Table 36 Latin America: Blockchain in Retail Market Size, By Application, 2016-2023 (USD Million)
Table 37 Latin America: Blockchain in Retail Market Size, By Organization Size, 2016-2023 (USD Million)
Table 38 Latin America: Blockchain in Retail Market Size, By Country, 2016-2023 (USD Million)
Table 39 Blockchain in Retail Market: Market Ranking, 2018
Table 40 New Product Launches and Product Enhancements, 2016-2018
Table 41 Partnerships, Agreements, and Collaborations, 2016-2017

List of Figures
Figure 1 Blockchain in Retail Market: Market Segmentation
Figure 2 Blockchain in Retail Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Blockchain in Retail Market: Assumptions
Figure 8 Supply Chain Management and North America are Estimated to Have the Largest Market Shares in 2018
Figure 9 Blockchain in Retail Market Share, By Provider, 2018
Figure 10 North America is Estimated to Hold the Largest Market Share in 2018
Figure 11 High Adoption of the Blockchain Technology Across Various Application Areas to Provide Significant Growth Opportunities in the Blockchain in Retail Market During the Forecast Period
Figure 12 Application Providers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Loyalty and Rewards Management Application is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Blockchain in Retail Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Application Providers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Loyalty and Rewards Management Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America: Market Snapshot
Figure 21 Asia Pacific: Market Snapshot
Figure 22 Key Developments By the Leading Players in the Blockchain in Retail Market, 2016-2018
Figure 23 IBM: Company Snapshot
Figure 24 Microsoft: Company Snapshot
Figure 25 SAP: Company Snapshot
Figure 26 AWS: Company Snapshot
Figure 27 Oracle: Company Snapshot
Figure 28 Cegeka: Company Snapshot
Figure 29 Reply: Company Snapshot

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  • AWS
  • Abra
  • Auxesis Group
  • BTL Group
  • Bigchaindb
  • Bitfury
  • Bitpay
  • Blockchain Foundry
  • Blockpoint
  • Blockverify
  • Cegeka
  • Coinbase
  • Guardtime
  • IBM
  • Loyyal
  • Microsoft
  • Modultrade
  • OGY Docs
  • Oracle
  • Project Provenance
  • Recordskeeper
  • Reply
  • SAP
  • Sofocle Technologies
  • Warranteer Digital
Note: Product cover images may vary from those shown
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