Market Research Logo

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

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

“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.


  • INTRODUCTION
    • INTRODUCTION
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015–2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table BLOCKCHAIN IN RETAIL MARKET SIZE AND GROWTH RATE, 2016–2023 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE BLOCKCHAIN IN RETAIL MARKET
    • BLOCKCHAIN IN RETAIL MARKET, BY PROVIDER
    • BLOCKCHAIN IN RETAIL MARKET, BY APPLICATION
    • BLOCKCHAIN IN RETAIL MARKET, BY REGION
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INDUSTRY TRENDS
      • TYPES OF BLOCKCHAIN TECHNOLOGY
      • BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS
    • USE CASES
      • BLOCKCHAIN TECHNOLOGY FOR AUTOMATED CUSTOMER SERVICES
      • BLOCKCHAIN PROJECT FOR SUPPLY CHAIN AND INVENTORY MANAGEMENT
      • BLOCKCHAIN FOR PAYMENTS AND ECOMMERCE
      • BLOCKCHAIN FOR KYC COMPLIANCE IN RETAIL
  • BLOCKCHAIN IN RETAIL MARKET, BY PROVIDER
    • INTRODUCTION
      • Table BLOCKCHAIN IN RETAIL MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
    • APPLICATION PROVIDERS
      • Table APPLICATION PROVIDERS: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • MIDDLEWARE PROVIDERS
      • Table MIDDLEWARE PROVIDERS: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • INFRASTRUCTURE PROVIDERS
      • Table INFRASTRUCTURE PROVIDERS: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • BLOCKCHAIN IN RETAIL MARKET, BY APPLICATION
    • INTRODUCTION
      • Table BLOCKCHAIN IN RETAIL MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • COMPLIANCE MANAGEMENT
      • Table COMPLIANCE MANAGEMENT: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • IDENTITY MANAGEMENT
      • Table IDENTITY MANAGEMENT: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • LOYALTY AND REWARDS MANAGEMENT
      • Table LOYALTY AND REWARDS MANAGEMENT: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • PAYMENTS
      • Table PAYMENTS: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • SMART CONTRACTS
      • Table SMART CONTRACTS: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • SUPPLY CHAIN MANAGEMENT
      • Table SUPPLY CHAIN MANAGEMENT: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • BLOCKCHAIN IN RETAIL MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table BLOCKCHAIN IN RETAIL MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • BLOCKCHAIN IN RETAIL MARKET, BY REGION
    • INTRODUCTION
      • Table BLOCKCHAIN IN RETAIL MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • BY PROVIDER
        • Table NORTH AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table NORTH AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table NORTH AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • EUROPE
      • BY PROVIDER
        • Table EUROPE: BLOCKCHAIN IN RETAIL MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table EUROPE: BLOCKCHAIN IN RETAIL MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table EUROPE: BLOCKCHAIN IN RETAIL MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: BLOCKCHAIN IN RETAIL MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • ASIA PACIFIC
      • BY PROVIDER
        • Table ASIA PACIFIC: BLOCKCHAIN IN RETAIL MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table ASIA PACIFIC: BLOCKCHAIN IN RETAIL MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table ASIA PACIFIC: BLOCKCHAIN IN RETAIL MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: BLOCKCHAIN IN RETAIL MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • BY PROVIDER
        • Table MIDDLE EAST AND AFRICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table MIDDLE EAST AND AFRICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table MIDDLE EAST AND AFRICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • BY SUBREGION
        • Table MIDDLE EAST AND AFRICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY SUBREGION, 2016–2023 (USD MILLION)
    • LATIN AMERICA
      • BY PROVIDER
        • Table LATIN AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY PROVIDER, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table LATIN AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table LATIN AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table LATIN AMERICA: BLOCKCHAIN IN RETAIL MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING AND KEY PLAYERS
      • Table BLOCKCHAIN IN RETAIL MARKET: MARKET RANKING, 2018
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2016–2018
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2016–2017
  • COMPANY PROFILES
    • IBM
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • AWS
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ORACLE
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BITFURY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CEGEKA
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AUXESIS GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • BLOCKPOINT
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • COINBASE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • LOYYAL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • ABRA
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • BITPAY
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • BLOCKVERIFY
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • BTL GROUP
      • BUSINESS OVERVIEW
      • SOLUTION OFFERED
    • MODULTRADE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • RECORDSKEEPER
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • GUARDTIME
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • BLOCKCHAIN FOUNDRY
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • BIGCHAINDB
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • SOFOCLE TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • OGY DOCS
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • REPLY
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
    • PROJECT PROVENANCE
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • WARRANTEER DIGITAL
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report