Press Resease

Blockchain in Retail Market by Product (Public, Private, and Hybrid) and by Application (Supply Chain & Inventory Management, Payments & Accounting, Loyalty & Rewards, Advertising and Consumer Data, Fraud Detection, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 26-Nov-2018 Category: Technology & Media Report Format : PDF Pages: 130 Report Code: ZMR-3552 Status : Published

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.

Description

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.

Blockchain-in-Retail-Market

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

  • Public
  • Private
  • Hybrid

Blockchain in Retail Market: Application Segment Analysis

  • Supply Chain & Inventory Management
  • Payments & Accounting
  • Loyalty & Rewards
  • Advertising and Consumer Data
  • Fraud Detection
  • Others

Blockchain in Retail Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Blockchain in Retail Market, 2015-2024, (USD Million)
    • 2.2. Blockchain in Retail Market: Market Snapshot
  •  
  • Chapter 3. Global Blockchain in Retail Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
        • 3.4.1.1. Rising investments in blockchain in the U.S.
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. Lack of technical expertise in retail sector
    • 3.6. Opportunity
      • 3.6.1. Digitalization in Asia Pacific region
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Blockchain in Retail Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Product Segment
      • 3.11.2. Market Attractiveness Analysis by Application Segment
      • 3.11.3. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Global Blockchain in Retail Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Blockchain in Retail Market - Product Segment Analysis
    • 5.1. Global Blockchain in Retail Market Revenue Share, by Product, 2017 & 2024 (USD Million)
    • 5.2. Global Blockchain in Retail Market by Public, 2015 - 2024 (USD Million)
    • 5.3. Global Blockchain in Retail by Private, 2015 - 2024 (USD Million)
    • 5.4. Global Blockchain in Retail by Hybrid, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Blockchain in Retail Market - Application Segment Analysis
    • 6.1. Global Blockchain in Retail Market Revenue Share, by Application, 2017 & 2024 (USD Million)
    • 6.2. Global Blockchain in Retail Market by Supply Chain & Inventory Management, 2015 - 2024 (USD Million)
    • 6.3. Global Blockchain in Retail by Payments & Accounting, 2015 - 2024 (USD Million)
    • 6.4. Global Blockchain in Retail by Loyalty & Rewards, 2015 - 2024 (USD Million)
    • 6.5. Global Blockchain in Retail by Advertising and Consumer Data, 2015 - 2024 (USD Million)
    • 6.6. Global Blockchain in Retail by Fraud Detection, 2015 - 2024 (USD Million)
    • 6.7. Global Blockchain in Retail by Others, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Blockchain in Retail Market - Regional Analysis
    • 7.1. Global Blockchain in Retail Market: Regional Overview
      • 7.1.1. Global Blockchain in Retail Market Revenue Share, by Region, 2017 And 2024 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Blockchain in Retail Market Revenue 2015 - 2024 (USD Million)
      • 7.2.2. North America Blockchain in Retail Market Revenue, by product, 2015 - 2024 (USD Million)
      • 7.2.3. North America Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.2.4. The U.S.
        • 7.2.4.1. The U.S. Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.2.4.2. The U.S. Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.2.5.2. Canada Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.2.6.2. Mexico Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Blockchain in Retail Market Revenue 2015 - 2024 (USD Million)
      • 7.3.2. Europe Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
      • 7.3.3. Europe Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.3.4. UK
        • 7.3.4.1. UK Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.3.4.2. UK Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.3.5.2. France Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.3.6.2. Germany Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.3.7. Russia
        • 7.3.7.1. Russia Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.3.7.2. Russia Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.3.8. Rest of Europe
        • 7.3.8.1. Rest of Europe Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.3.8.2. Rest of Europe Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Blockchain in Retail Market Revenue 2015 - 2024 (USD Million)
      • 7.4.2. Asia Pacific Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
      • 7.4.3. Asia Pacific Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.4.4. China
        • 7.4.4.1. China Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.4.4.2. China Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.4.5.2. India Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.4.6. Japan
        • 7.4.6.1. Japan Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.4.6.2. Japan Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.4.7. South Korea
        • 7.4.7.1. South Korea Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.4.7.2. South Korea Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.4.8. Rest of Asia Pacific
        • 7.4.8.1. Rest of Asia Pacific Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.4.8.2. Rest of Asia Pacific Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Blockchain in Retail Market Revenue 2015 - 2024 (USD Million)
      • 7.5.2. Latin America Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
      • 7.5.3. Latin America Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.5.4.2. Brazil Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.5.5.2. Argentina Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.5.6.2. Rest of Latin America Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
    • 7.6. The Middle East & Africa
      • 7.6.1. The Middle East & Africa Blockchain in Retail Market Revenue 2015 - 2024 (USD Million)
      • 7.6.2. The Middle East & Africa Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
      • 7.6.3. The Middle East & Africa Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.6.4. UAE
        • 7.6.4.1. UAE Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.6.4.2. UAE Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.6.5. Saudi Arabia
        • 7.6.5.1. Saudi Arabia Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.6.5.2. Saudi Arabia Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.6.6.2. South Africa Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
      • 7.6.7. Rest of MEA
        • 7.6.7.1. Rest of MEA Blockchain in Retail Market Revenue, by Product, 2015 - 2024 (USD Million)
        • 7.6.7.2. Rest of MEA Blockchain in Retail Market Revenue, by Application, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. Company Profiles
    • 8.1. Microsoft Corporation
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. IBM Corporation
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. SAP SE
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Oracle Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Amazon Web Services, Inc.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Coinbase
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. BitPay
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. BTL Group Ltd.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Earthport PLC
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. BitFury Group Limited
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

Free Analysis

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. Each computer in the network has a ledger copy and is regularly updated to eliminate errors and track transactions. Blockchain facilitates retailers to track and authenticate products, detect fraud, reduce cost due to automation, record contracts, and transactions.

Rising demand for supply chain and inventory management solutions is likely to primarily drive the blockchain in the retail market during the forecast time period. Certain key benefits of blockchain technology in supply chain and inventory management are the fast identification of products, reduced delays of paperwork, minimized courier cost, and prevention of frauds and errors. Several international retailers, such as Walmart, Amazon, and eBay, have opted blockchain for inventory management solutions. In 2018, Walmart announced that it will be using blockchain technology to keep a track of each vegetable spinach bag and head of lettuce. The blockchain solution used by Walmart is developed by IBM Corporation.

Blockchain-in-Retail-Market

In 2017, Walmart patented a system that uses blockchain technology to track packages, delivered by drones. Furthermore, in 2016, Overstock.com, Inc. an American online retail company used blockchain to sell and distribute more than 126,000 shares of the company. However, the lack of clear understanding among retailers about the blockchain advantages has an adverse effect on the blockchain in retail market growth. Measures such as training, hiring new workers, acquisitions, and investments in startups are taken up by retailers to bridge this gap.

Blockchain in retail market is segmented on the basis of the product as public, private, and hybrid. The hybrid segment is likely to hold a significant share during the forecast time period, owing to the increasing demand of blockchain in retail activities across the Asia Pacific region. By application, the blockchain in the retail market is classified into supply chain and inventory management, payments and accounting, loyalty and rewards, advertising and consumer data, fraud detection, and others. The payments and accounting segment is projected to grow at a substantial rate during the estimated timeframe, due to rising investments made by various institutes to develop blockchain solutions.

Asia Pacific is likely to depict considerable growth in the global blockchain in retail market during the forecast time period. China is anticipated to have the highest demand for blockchain solutions in the retail sector. Rising digitalization and adoption of online payment is projected to boost the blockchain in retail market growth in this region. Europe is likely to maintain its share in the blockchain in retail market between 2018 and 2024, due to its ever-increasing and well-established retail sector.

Prominent players of the global blockchain in retail market are Microsoft Corporation, IBM Corporation, SAP SE, Oracle Corporation, Amazon Web Services, Inc., Coinbase, BitPay, BTL Group Ltd., Earthport PLC, and BitFury Group Limited.

}
Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com