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Blockchain in Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global blockchain in retail market reached a value of US$ 233.5 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3,731.75 Million by 2027, exhibiting a CAGR of 54.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Blockchain in retail refers to a disruptive technology that relies on cryptography to record digital transactions on a distributed ledger in the retail industry. It is a cost-effective solution as it automates the transactions and the interoperability of applications and eliminates the need for administration. It assists businesses in tracking the product back to the supply chain, identifying suppliers, manufacturers, and batches to solve supply chain issues. It enables decentralized identity (DID), which helps retailers verify user identity and data when required. In addition, it streamlines administrative processes in the back offices of retailers, thereby allowing employees to focus more on value-added work.

Blockchain in Retail Market Trends:

The growing demand for transparent transactions in the retail industry to build trust between suppliers, companies, and customers represents one of the key factors driving the market. Moreover, there is a rise in investments by retailers in blockchain-based solutions to ensure quality, reliability, authenticity, and product safety. This, along with increasing technological advancements and international trade in the retail sector, is propelling the growth of the market. In addition, blockchain offers enhanced cryptographic security for its databases and transactions that help in fraud reduction and sustainability of retailers. This, coupled with the increasing utilization of blockchain in retail for digital payment, online shopping, and risk and compliance, is positively influencing the market. Besides this, the rising employment of blockchain in retail to monitor supply chain transactions for easy traceability of goods is offering lucrative growth opportunities to industry players. Additionally, the escalating demand for smart contracts to save time and cost of companies and remove merchants who charge extra for authenticating a transaction is bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain in retail market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, organization size and application.

Breakup by Component:

  • Platform/Solutions
  • Services
     

Breakup by Type:

  • Public Blockchain
  • Private Blockchain
  • Consortium Blockchain
     

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)
     

Breakup by Application:

  • Supply Chain Management
  • Food Safety Management
  • Customer Data Management
  • Identity Management
  • Compliance Management
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Auxesis Services & Technologies (P) Ltd, Cognizant, Infosys Limited, International Business Machines Corporation, Oracle Corporation, Reply, SAP SE, Sofocle Technologies Pvt. Ltd. and Tata Consultancy Services Limited (Tata Group).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Component, Type, Organization Size, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amazon Web Services Inc. (Amazon.com Inc.), Auxesis Services & Technologies (P) Ltd, Cognizant, Infosys Limited, International Business Machines Corporation, Oracle Corporation, Reply, SAP SE, Sofocle Technologies Pvt. Ltd. and Tata Consultancy Services Limited (Tata Group).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global blockchain in retail market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global blockchain in retail market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global blockchain in retail market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Blockchain in Retail Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Platform/Solutions
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Type
    7.1    Public Blockchain
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Private Blockchain
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Consortium Blockchain
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Organization Size
    8.1    Large Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Small and Medium-sized Enterprises (SMEs)
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Supply Chain Management
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Food Safety Management
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Customer Data Management
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Identity Management
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Compliance Management
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Amazon Web Services Inc. (Amazon.com Inc.)
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Auxesis Services & Technologies (P) Ltd
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Cognizant
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Infosys Limited
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    International Business Machines Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Oracle Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Reply
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    SAP SE
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Sofocle Technologies Pvt. Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Tata Consultancy Services Limited (Tata Group)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Blockchain in Retail Market: Major Drivers and Challenges
Figure 2: Global: Blockchain in Retail Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Blockchain in Retail Market: Breakup by Component (in %), 2021
Figure 5: Global: Blockchain in Retail Market: Breakup by Type (in %), 2021
Figure 6: Global: Blockchain in Retail Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Blockchain in Retail Market: Breakup by Application (in %), 2021
Figure 8: Global: Blockchain in Retail Market: Breakup by Region (in %), 2021
Figure 9: Global: Blockchain in Retail (Platform/Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Blockchain in Retail (Platform/Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Blockchain in Retail (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Blockchain in Retail (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Blockchain in Retail (Public Blockchain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Blockchain in Retail (Public Blockchain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Blockchain in Retail (Private Blockchain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Blockchain in Retail (Private Blockchain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Blockchain in Retail (Consortium Blockchain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Blockchain in Retail (Consortium Blockchain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Blockchain in Retail (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Blockchain in Retail (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Blockchain in Retail (Small and Medium-sized Enterprises (SMEs)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Blockchain in Retail (Small and Medium-sized Enterprises (SMEs)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Blockchain in Retail (Supply Chain Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Blockchain in Retail (Supply Chain Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Blockchain in Retail (Food Safety Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Blockchain in Retail (Food Safety Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Blockchain in Retail (Customer Data Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Blockchain in Retail (Customer Data Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Blockchain in Retail (Identity Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Blockchain in Retail (Identity Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Blockchain in Retail (Compliance Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Blockchain in Retail (Compliance Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Blockchain in Retail (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Blockchain in Retail (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Blockchain in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Blockchain in Retail Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Blockchain in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Blockchain in Retail Industry: SWOT Analysis
Figure 85: Global: Blockchain in Retail Industry: Value Chain Analysis
Figure 86: Global: Blockchain in Retail Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Blockchain in Retail Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Blockchain in Retail Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Blockchain in Retail Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Blockchain in Retail Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Blockchain in Retail Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Blockchain in Retail Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Blockchain in Retail Market: Competitive Structure
Table 8: Global: Blockchain in Retail Market: Key Players


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