Blockchain in Retail Market Size to be Worth USD 60.97 Billion Growing at 90.7% CAGR till 2027; Industry Revenue, Statistics, Forecast by Emergen Research

February 23 03:48 2021
Increasing focus on improving retail supply chain efficiency is a significant factor influencing market growth

blockchain in retail market is projected to reach a substantially large market size of USD 60.97 Billion by 2028 and register a significantly rapid revenue growth rate over the forecast period, according to latest analysis by Emergen Research. The growing demand for blockchain in retail can be attributed to increasing demand for improving retail supply chain efficiency. Blockchain technology is considered to be of immense significance in transforming omnichannel supply chains in the retail industry. Blockchain helps in maintenance and management of chain-of-custody information, supply chain data, and autonomous transactions, and thereby assists retailers in building customer trust by bringing transparency in the movement of products.

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The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Blockchain in Retail market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period.

Key manufacturers and vendors are profiled extensively, including their product portfolios, production capacity, gross margins, revenues, and costing. The report also includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. The report also provides profiles of key competitive players and their strategies and operating procedures. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period.

Major companies operating in blockchain in retail market include Amazon Web Services, IBM Corporation, Auxesis Group, SAP SE, Coinbase, Microsoft Corporation, Oracle, Blockpoint, Cegeka, and BTL Group.

Emergen Research has segmented the blockchain in retail market in terms of provider, application, size of organization, and region:

  • Provider Outlook (Revenue, USD Million; 2018–2028)
    • Application Provider
    • Middleware Provider
    • Infrastructure Provider
  • Application Outlook (Revenue, USD Million; 2018–2028)
    • Identity Management
    • Compliance Management
    • Payments & Smart Contracts
    • Loyalty and Rewards Management
    • Supply Chain Management
    • Advertising
    • Others
  • Size of Organization Outlook (Revenue, USD Million; 2018–2028)
    • Small & Medium-sized Enterprises
    • Large Enterprises

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Detailed Regional Analysis covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Benefits of Buying the Global Blockchain in Retail Report:

  • Comprehensive analysis of the changing competitive landscape
  • Assists in decision making processes for the businesses along with detailed strategic planning methodologies
  • The report offers an 8-year forecast and assessment of the Global Blockchain in Retail Market
  • Helps in understanding the key product segments and their estimated growth rate
  • In-depth analysis of market drivers, restraints, trends, and opportunities
  • Comprehensive regional analysis of the Global Blockchain in Retail Market
  • Extensive profiling of the key stakeholders of the business sphere
  • Detailed analysis of the factors influencing the growth of the Global Blockchain in Retail Market

Key Highlights of Report

In October 2020, Coinbase made an announcement about the introduction of Crypto Debit Card in the US (except Hawaii) for retail spending.

Application provider segment revenue is expected to grow at the fastest rate over the forecast period. Some major advantages offered by blockchain application providers include reduced IT capital expenditure, easier blockchain application maintenance, and improved collaboration.

Identity management segment is estimated to account for a substantially large market size in 2020. Blockchain in retail helps to protect the identity of customers from breaches and theft. Blockchain allows individuals to make a self-sovereign identity (SSI), eliminating need to create several usernames and passwords, and allows customers to manage digital identity independently.

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2020-2028

Chapter 3. Key Insights

Chapter 4. Blockchain in Retail Market Segmentation & Impact Analysis

    4.1. Blockchain in Retail Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Increasing demand for improving retail supply chain efficiency

                    4.2.2.2. Growing online transaction fraud

                    4.2.2.3. Growing demand for smart contracts

                    4.2.2.4. Growing demand for compliance management in retail

          4.2.3. Market restraints analysis

                    4.2.3.1. Lack of regulatory standards

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Blockchain in Retail Market By Provider Insights & Trends, Revenue (USD Million) 

    5.1. Provider Dynamics & Market Share, 2020 & 2028

          5.1.1. Application Provider

          5.1.2. Middleware Provider

          5.1.3. Infrastructure Provider

Continue…!

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