Blockchain or the distributed ledger technology is serving the retail industry for transforming the product processes. The retail industry witnesses various obstacles & bottlenecks in their processes; blockchain helps in providing transparency, accountability, and enhanced security for saving money & time. There is an increasing need for transparency for the product processes and for meeting the demand by the retail industry. This has majorly driven the blockchain in retail market. Further, factors including rising need for reduction of redundant data and rising need for limiting the total cost of ownership have supplemented the demand for blockchain in the retail industry. However, lack of universal standards is impeding the growth of the market to a considerable extent. Proliferation of IoT is anticipated to create growth opportunities for the blockchain in retail market.
The "Global Blockchain in Retail Market Analysis to 2028" is a specialized and in-depth study of the blockchain in retail industry with a focus on the global market trend. The report aims to provide an overview of the global blockchain in retail market with detailed market segmentation by type of provider, application, and geography. The global blockchain in retail market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the blockchain in retail market.
The report provides a detailed overview of the blockchain in retail industry including both qualitative and quantitative information. It provides an overview and forecast of the global blockchain in retail market based on by type of provider and application. It also provides market size and forecast till 2028 for overall blockchain in retail market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting blockchain in retail market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis. Further, the report also includes ecosystem analysis for the blockchain in retail market.
Also, key market players influencing the blockchain in retail market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, a key development in the past five years. Some of the key players influencing the blockchain in retail market include Amazon Web Services, Auxesis Group, Bitfury, Blockpoint, Blockverify, Cegeka, IBM Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE among others.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Blockchain in Retail Market - By Type of Provider
1.3.2. Blockchain in Retail Market - By Application
1.3.3. Blockchain in Retail Market - By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BLOCKCHAIN IN RETAIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. BLOCKCHAIN IN RETAIL MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BLOCKCHAIN IN RETAIL MARKET - GLOBAL MARKET ANALYSIS
6.1. BLOCKCHAIN IN RETAIL - GLOBAL MARKET OVERVIEW
6.2. BLOCKCHAIN IN RETAIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. BLOCKCHAIN IN RETAIL MARKET REVENUE AND FORECASTS TO 2028 - TYPE OF PROVIDER
7.1. OVERVIEW
7.2. TYPE OF PROVIDER MARKET FORECASTS AND ANALYSIS
7.3. INFRASTRUCTURE PROVIDER
7.3.1. Overview
7.3.2. Infrastructure Provider Market Forecast and Analysis
7.4. MIDDLEWARE PROVIDER
7.4.1. Overview
7.4.2. Middleware Provider Market Forecast and Analysis
7.5. APPLICATION PROVIDER
7.5.1. Overview
7.5.2. Application Provider Market Forecast and Analysis
6. BLOCKCHAIN IN RETAIL MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
7.6. OVERVIEW
7.7. APPLICATION MARKET FORECASTS AND ANALYSIS
7.8. IDENTITY MANAGEMENT
7.8.1. Overview
7.8.2. Identity Management Market Forecast and Analysis
7.9. COMPLIANCE MANAGEMENT
7.9.1. Overview
7.9.2. Compliance Management Market Forecast and Analysis
7.10. PAYMENT MANAGEMENT
7.10.1. Overview
7.10.2. Payment Management Market Forecast and Analysis
7.11. LOYALTY & REWARDS MANAGEMENT
7.11.1. Overview
7.11.2. Loyalty & Rewards Management Market Forecast and Analysis
7.12. SMART CONTRACTS
7.12.1. Overview
7.12.2. Smart Contracts Market Forecast and Analysis
7.13. SUPPLY CHAIN MANAGEMENT
7.13.1. Overview
7.13.2. Supply Chain Management Market Forecast and Analysis
7.14. OTHERS
7.14.1. Overview
7.14.2. Others Market Forecast and Analysis
8. BLOCKCHAIN IN RETAIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1. North America Blockchain in Retail Market Overview
8.1.2. North America Blockchain in Retail Market Forecasts and Analysis
8.1.3. North America Market Forecasts and Analysis - By Type of Provider
8.1.4. North America Market Forecasts and Analysis - By Application
8.1.5. North America Market Forecasts and Analysis - By Countries
8.1.5.1. US market
8.1.5.1.1. US Market By Type of Provider
8.1.5.1.2. US Market by Application
8.1.5.2. Canada market
8.1.5.2.1. Canada Market By Type of Provider
8.1.5.2.2. Canada Market by Application
8.1.5.3. Mexico market
8.1.5.3.1. Mexico Market By Type of Provider
8.1.5.3.2. Mexico Market by Application
8.2. EUROPE
8.2.1. Europe Blockchain in Retail Market Overview
8.2.2. Europe Blockchain in Retail Market Forecasts and Analysis
8.2.3. Europe Market Forecasts and Analysis - By Type of Provider
8.2.4. Europe Market Forecasts and Analysis - By Application
8.2.5. Europe Market Forecasts and Analysis - By Countries
8.2.5.1. France market
8.2.5.1.1. France Market By Type of Provider
8.2.5.1.2. France Market by Application
8.2.5.2. Germany market
8.2.5.2.1. Germany Market By Type of Provider
8.2.5.2.2. Germany Market by Application
8.2.5.3. Italy market
8.2.5.3.1. Italy Market By Type of Provider
8.2.5.3.2. Italy Market by Application
8.2.5.4. Russia market
8.2.5.4.1. Russia Market By Type of Provider
8.2.5.4.2. Russia Market by Application
8.2.5.5. UK market
8.2.5.5.1. UK Market By Type of Provider
8.2.5.5.2. UK Market by Application
8.2.5.6. Rest of Europe market
8.2.5.6.1. Rest of Europe Market By Type of Provider
8.2.5.6.2. Rest of Europe Market by Application
8.3. ASIA PACIFIC (APAC)
8.3.1. Asia Pacific Blockchain in Retail Market Overview
8.3.2. Asia Pacific Blockchain in Retail Market Forecasts and Analysis
8.3.3. Asia Pacific Market Forecasts and Analysis - By Type of Provider
8.3.4. Asia Pacific Market Forecasts and Analysis - By Application
8.3.5. Asia Pacific Market Forecasts and Analysis - By Countries
8.3.5.1. South Korea
8.3.5.1.1. South Korea Market By Type of Provider
8.3.5.1.2. South Korea Market by Application
8.3.5.2. China market
8.3.5.2.1. China Market By Type of Provider
8.3.5.2.2. China Market by Application
8.3.5.3. India market
8.3.5.3.1. India Market By Type of Provider
8.3.5.3.2. India Market by Application
8.3.5.4. Japan market
8.3.5.4.1. Japan Market By Type of Provider
8.3.5.4.2. Japan Market by Application
8.3.5.5. Australia market
8.3.5.5.1. Australia Market By Type of Provider
8.3.5.5.2. Australia Market by Application
8.3.5.6. Rest of APAC market
8.3.5.6.1. Rest of APAC Market By Type of Provider
8.3.5.6.2. Rest of APAC Market by Application
8.4. MIDDLE EAST AND AFRICA (MEA)
8.4.1. Middle East and Africa Blockchain in Retail Market Overview
8.4.2. Middle East and Africa Blockchain in Retail Market Forecasts and Analysis
8.4.3. Middle East and Africa Market Forecasts and Analysis - By Type of Provider
8.4.4. Middle East and Africa Market Forecasts and Analysis - By Application
8.4.5. Middle East and Africa Market Forecasts and Analysis - By Countries
8.4.5.1. South Africa market
8.4.5.1.1. South Africa Market By Type of Provider
8.4.5.1.2. South Africa Market by Application
8.4.5.2. Saudi Arabia market
8.4.5.2.1. Saudi Arabia Market By Type of Provider
8.4.5.2.2. Saudi Arabia Market by Application
8.4.5.3. UAE market
8.4.5.3.1. UAE Market By Type of Provider
8.4.5.3.2. UAE Market by Application
8.4.5.4. Rest of MEA market
8.4.5.4.1. Rest of MEA Market By Type of Provider
8.4.5.4.2. Rest of MEA Market by Application
8.5. SOUTH AMERICA (SAM)
8.5.1. South America Blockchain in Retail Market Overview
8.5.2. South America Blockchain in Retail Market Forecasts and Analysis
8.5.3. South America Market Forecasts and Analysis - By Type of Provider
8.5.4. South America Market Forecasts and Analysis - By Application
8.5.5. South America Market Forecasts and Analysis - By Countries
8.5.5.1. Brazil market
8.5.5.1.1. Brazil Market By Type of Provider
8.5.5.1.2. Brazil Market by Application
8.5.5.2. Argentina market
8.5.5.2.1. Argentina Market By Type of Provider
8.5.5.2.2. Argentina Market by Application
8.5.5.3. Rest of SAM market
8.5.5.3.1. Rest of SAM Market By Type of Provider
8.5.5.3.2. Rest of SAM Market by Application
9. INDUSTRY LANDSCAPE
9.1. MERGERS & ACQUISITIONS
9.2. MARKET INITIATIVES
9.3. NEW DEVELOPMENTS
10. BLOCKCHAIN IN RETAIL MARKET, KEY COMPANY PROFILES
10.1. AMAZON WEB SERVICES
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products & Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. AUXESIS GROUP
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products & Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. BITFURY
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products & Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. BLOCKPOINT
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products & Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. BLOCKVERIFY
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products & Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. CEGEKA
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products & Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. IBM CORPORATION
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products & Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. MICROSOFT CORPORATION
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products & Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. ORACLE CORPORATION
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products & Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. SAP SE
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products & Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
The List of Companies
1. Amazon Web Services
2. Auxesis Group
3. Bitfury
4. Blockpoint
5. Blockverify
6. Cegeka
7. IBM Corporation
8. Microsoft Corporation
9. Oracle Corporation
10. SAP SE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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