Global blockchain in retail market was valued at USD 49 million in 2017 and is expected to reach USD 3,704 million by 2024, at a CAGR of 85.4% between 2018 and 2024. The blockchain is a ledger type used for maintaining a record of transactional data. It is a decentralized database managed by computers in a peer-to-peer network.
Blockchain in Retail Market
The report covers forecast and analysis for the blockchain in retail market on a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the blockchain in retail market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the blockchain in retail market on a global level.
This report offers a comprehensive analysis of the global blockchain in retail market along with market trends, drivers, and restraints of the blockchain in retail market. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and the primary research team of industry experts.
The study provides a decisive view of the blockchain in retail market by segmenting the market based on product, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on product, the segmentation of the blockchain in retail market is public, private, and hybrid. Based on application, the segmentation of the blockchain in retail market is supply chain and inventory management, payments and accounting, loyalty and rewards, advertising and consumer data, fraud detection, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., Canada, Mexico, UK, France, Germany, Russia, China, India, Japan, South Korea, Brazil, Argentina, UAE, Saudi Arabia, and South Africa, among others.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global blockchain in retail market, such as Microsoft Corporation, IBM Corporation, SAP SE, Oracle Corporation, Amazon Web Services, Inc., Coinbase, BitPay, BTL Group Ltd., Earthport PLC, and BitFury Group Limited.
The report segments global blockchain in retail market as follows:
Blockchain in Retail Market: Product Segment Analysis
Blockchain in Retail Market: Application Segment Analysis
Blockchain in Retail Market: Regional Segment Analysis