Blockchain in Retail Market Size, Trends and Insights By Component (Solutions, Services), By Deployment (Cloud, On-Premises), By Application (Compliance Management, Supply Chain and Inventory Management, Smart Contract, Transaction Management, Identity Management, Automated Customer Service), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- SAP
- IBM
- Microsoft
- Others
Custom Market Insights
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According to Custom Market Insights (CMI), the Global Blockchain in Retail Market size was estimated at USD 170 Million in 2021 and is expected to reach USD 395 million in 2022 and is expected to hit around USD 2200 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 40% from 2022 to 2030.
Our research report offers a 360-degree view of the Blockchain in Retail market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Blockchain in Retail market.
- For retailers, blockchain in retail provides on-time delivery, real-time information, and record-time service. The blockchain also allows the supply chain partners to know the whereabouts of their products and guarantees dependability, quality, product safety, and authenticity. These factors fuel the retail industry’s adoption of blockchain technology.
- The COVID-19 pandemic had a huge negative effect on the world economy. Lockdowns and quarantine restrictions were implemented in numerous nations, adversely hurting a number of businesses, including the retail sector’s blockchain. Key market stakeholders found it challenging to predict when the blockchain will start to rebound in the retail market due to uncertainty over the length of the lockdowns.
- Due to lockdowns implemented during the Q2 and Q3 of 2020, the COVID-19 pandemic produced a number of difficulties for the global blockchain in the retail market. The pandemic reduced consumers’ purchasing power, which in turn affected the demand for retail blockchain services and products. However, the retail industries began to bounce back from the pandemic’s negative economic effects in 2021. Due to delayed and postponed purchases for retail blockchain solutions, the COVID-19 epidemic had a moderate influence on the blockchain in retail sector; however, in the final quarter of 2020, it began to recover quickly.
- Retail blockchain service providers intend to continue and take advantage of the lucrative market expansion opportunities brought on by the COVID-19 pandemic. Over the next few years, the blockchain in retail is expected to undergo significant change. The number of top enterprises is expanding quickly through product releases, product improvements, partnerships, and collaborations for integrating blockchain in retail solutions. Leading blockchain service providers prepared for a rare epidemic, showing a change in consumer demand for retail blockchain applications. Businesses are creating creative, tailored solutions to adapt to the quick changes in client preferences. Thus, in the upcoming years, the market growth potential for the blockchain in retail is anticipated to be brought about by the quick move toward customized retail blockchain platforms and the increasing deployment of retail blockchain solutions around the world.
Report Scope
The study’s focus is on Blockchain in Retail market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. In order to support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by component, deployment, application and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 170 Million |
| Projected Market Size in 2030 | USD 2200 Million |
| Market Size in 2022 | USD 395 Million |
| CAGR Growth Rate | 40% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | SAP, IBM, Microsoft, Oracle, Bitfury, AWS, Auxesis Group, BTL, Cegeka, Guardtime, loyyal, CoinBase, Sofocle, RecordsKeeper, ModulTrade, Reply, BigchainDB, Warranteer, BitPay, Abra, Provenance, OGYDocs, Blockverify, Blockchain Foundary, and Others |
| Key Segment | By Component, Deployment, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- Blockchain adoption in retail is driven by rising consumer demand for supply chain transparency. The retail supply chain must be transparent at every stage when it comes to the procurement of raw materials, the use of water in textile dying, customer service guidelines, the environmental effects of goods distribution, and other factors. Businesses in the retail industry are investing in blockchain technology to promote transparency, improve employee & customer happiness, and generate income.
- For instance, more than two-thirds of respondents from the garment industry indicated supply chain transparency is an extremely critical issue in the current situation in the survey performed by Serai in partnership with KMPG in 2021. Therefore, it is anticipated that blockchain adoption in the retail market would grow as the retail supply chain becomes more transparent throughout the projection period.
- A crucial trend in blockchain that is becoming more and more popular in the retail business is technological advancements. Blockchain businesses in the retail sector are concentrating on creating cutting-edge technology solutions to satisfy global end-users technical needs.
- Modern consumers seek better, more individualized experiences, simple access to product information, and extraordinary services as the e-commerce industry becomes increasingly competitive. Regardless of the size of their business, retailers’ priority for remaining ahead of the competition is to satisfy their customers. For applications like consumer experience management, supply chain management, transaction management, compliance management, food safety management, identity management, fraud detection/management, and other applications, online retailers use data collection and actively integrate blockchain solutions. Blockchain solutions are being used in online retail for notable applications such as maintaining product quality, combating fraud, managing consumer data, enhancing loyalty programs, tracking inventory, automating back-office administration, and more efficient, secure, & quick payment systems, in addition to offering distinctive shopping experiences for online customers.
Smart Contracts Segment Led the Blockchain in Retail Market
- Smart contracts enable computer code to run automatically when particular criteria are satisfied. As it offers opportunities for automation in internal processes like billing, supply chain management, and inventory management, the telecom industry is projected to experience significant adoption.
- The payment procedure for both online and offline purchases can be automated with the use of smart contracts. By cutting out the merchant (middleman), who charges extra for transaction authentication, businesses may be able to save time and money.
- Additionally, because the process is automated, businesses save money by spending less on auditing and accounting.
Competitive Landscape
The market is fragmented, and numerous established and emerging vendors are developing products for both big and small, online and offline, merchants.
- 2020: For an undisclosed sum, iQSTEL Inc., a provider of telecommunication and technology services based in the USA, purchased a 75% ownership in itsBchain, a provider of blockchain solutions for carriers, corporations, and the retail sector. With this, iQSTEL Inc. is aiming to grow its operations and commercial footprint in the blockchain and smart contracts for the telecommunications sector.
- 2019: Launching a Retail Blockchain Consortium with UCLCRT, MONOCHAIN, and Oracle. Its goal is to advance the application of distributed ledger technology in the retail sector. It is employed for inventory management, freshness tracking, and food procurement. Blockchain can give fashion manufacturers tamper-proof record-keeping of their clothing via tags with a printed QR code to track all of their information that can be saved on the digital ledger.
Prominent Players:
- SAP
- IBM
- Microsoft
- Oracle
- Bitfury
- AWS
- Auxesis Group
- BTL
- Cegeka
- Guardtime
- loyyal
- CoinBase
- Sofocle
- RecordsKeeper
- ModulTrade
- Reply
- BigchainDB
- Warranteer
- BitPay
- Abra
- Provenance
- OGYDocs
- Blockverify
- Blockchain Foundary
The global Blockchain in Retail market is segmented as follows:
By Component
- Solutions
- Services
By Deployment
- Cloud
- On-Premises
By Application
- Compliance Management
- Supply Chain and Inventory Management
- Smart Contract
- Transaction Management
- Identity Management
- Automated Customer Service
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Blockchain in Retail Market, (2022 – 2030) (USD Million)
- 2.2 Global Blockchain in Retail Market : snapshot
- Chapter 3. Global Blockchain in Retail Market – Industry Analysis
- 3.1 Blockchain in Retail Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing demand for speed and efficiency in retail and supply chain transactions
- 3.2.2 The rapidly changing international trade and retail industry environment.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Component
- 3.7.2 Market attractiveness analysis By Deployment
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Blockchain in Retail Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Blockchain in Retail Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Blockchain in Retail Market – Component Analysis
- 5.1 Global Blockchain in Retail Market overview: By Component
- 5.1.1 Global Blockchain in Retail Market share, By Component, 2021 and 2030
- 5.2 Solutions
- 5.2.1 Global Blockchain in Retail Market by Solutions, 2022 – 2030 (USD Million)
- 5.3 Services
- 5.3.1 Global Blockchain in Retail Market by Services, 2022 – 2030 (USD Million)
- 5.1 Global Blockchain in Retail Market overview: By Component
- Chapter 6. Global Blockchain in Retail Market – Deployment Analysis
- 6.1 Global Blockchain in Retail Market overview: By Deployment
- 6.1.1 Global Blockchain in Retail Market share, By Deployment, 2021 and 2030
- 6.2 Cloud
- 6.2.1 Global Blockchain in Retail Market by Cloud, 2022 – 2030 (USD Million)
- 6.3 On-Premises
- 6.3.1 Global Blockchain in Retail Market by On-Premises, 2022 – 2030 (USD Million)
- 6.1 Global Blockchain in Retail Market overview: By Deployment
- Chapter 7. Global Blockchain in Retail Market – Application Analysis
- 7.1 Global Blockchain in Retail Market overview: By Application
- 7.1.1 Global Blockchain in Retail Market share, By Application, 2021 and 2030
- 7.2 Compliance Management
- 7.2.1 Global Blockchain in Retail Market by Compliance Management, 2022 – 2030 (USD Million)
- 7.3 Supply Chain and Inventory Management
- 7.3.1 Global Blockchain in Retail Market by Supply Chain and Inventory Management, 2022 – 2030 (USD Million)
- 7.4 Smart Contract
- 7.4.1 Global Blockchain in Retail Market by Smart Contract, 2022 – 2030 (USD Million)
- 7.5 Transaction Management
- 7.5.1 Global Blockchain in Retail Market by Transaction Management, 2022 – 2030 (USD Million)
- 7.6 Identity Management
- 7.6.1 Global Blockchain in Retail Market by Identity Management, 2022 – 2030 (USD Million)
- 7.7 Automated Customer Service
- 7.7.1 Global Blockchain in Retail Market by Automated Customer Service, 2022 – 2030 (USD Million)
- 7.1 Global Blockchain in Retail Market overview: By Application
- Chapter 8. Blockchain in Retail Market – Regional Analysis
- 8.1 Global Blockchain in Retail Market Regional Overview
- 8.2 Global Blockchain in Retail Market Share, by Region, 2021 & 2030 (USD Million)
- 8.3. North America
- 8.3.1 North America Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.3.1.1 North America Blockchain in Retail Market, by Country, 2022 – 2030 (USD Million)
- 8.3.1 North America Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.4 North America Blockchain in Retail Market, by Component, 2022 – 2030
- 8.4.1 North America Blockchain in Retail Market, by Component, 2022 – 2030 (USD Million)
- 8.5 North America Blockchain in Retail Market, by Deployment, 2022 – 2030
- 8.5.1 North America Blockchain in Retail Market, by Deployment, 2022 – 2030 (USD Million)
- 8.6 North America Blockchain in Retail Market, by Application, 2022 – 2030
- 8.6.1 North America Blockchain in Retail Market, by Application, 2022 – 2030 (USD Million)
- 8.7. Europe
- 8.7.1 Europe Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.7.1.1 Europe Blockchain in Retail Market, by Country, 2022 – 2030 (USD Million)
- 8.7.1 Europe Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.8 Europe Blockchain in Retail Market, by Component, 2022 – 2030
- 8.8.1 Europe Blockchain in Retail Market, by Component, 2022 – 2030 (USD Million)
- 8.9 Europe Blockchain in Retail Market, by Deployment, 2022 – 2030
- 8.9.1 Europe Blockchain in Retail Market, by Deployment, 2022 – 2030 (USD Million)
- 8.10 Europe Blockchain in Retail Market, by Application, 2022 – 2030
- 8.10.1 Europe Blockchain in Retail Market, by Application, 2022 – 2030 (USD Million)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.11.1.1 Asia Pacific Blockchain in Retail Market, by Country, 2022 – 2030 (USD Million)
- 8.11.1 Asia Pacific Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.12 Asia Pacific Blockchain in Retail Market, by Component, 2022 – 2030
- 8.12.1 Asia Pacific Blockchain in Retail Market, by Component, 2022 – 2030 (USD Million)
- 8.13 Asia Pacific Blockchain in Retail Market, by Deployment, 2022 – 2030
- 8.13.1 Asia Pacific Blockchain in Retail Market, by Deployment, 2022 – 2030 (USD Million)
- 8.14 Asia Pacific Blockchain in Retail Market, by Application, 2022 – 2030
- 8.14.1 Asia Pacific Blockchain in Retail Market, by Application, 2022 – 2030 (USD Million)
- 8.15. Latin America
- 8.15.1 Latin America Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.15.1.1 Latin America Blockchain in Retail Market, by Country, 2022 – 2030 (USD Million)
- 8.15.1 Latin America Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.16 Latin America Blockchain in Retail Market, by Component, 2022 – 2030
- 8.16.1 Latin America Blockchain in Retail Market, by Component, 2022 – 2030 (USD Million)
- 8.17 Latin America Blockchain in Retail Market, by Deployment, 2022 – 2030
- 8.17.1 Latin America Blockchain in Retail Market, by Deployment, 2022 – 2030 (USD Million)
- 8.18 Latin America Blockchain in Retail Market, by Application, 2022 – 2030
- 8.18.1 Latin America Blockchain in Retail Market, by Application, 2022 – 2030 (USD Million)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.19.1.1 The Middle-East and Africa Blockchain in Retail Market, by Country, 2022 – 2030 (USD Million)
- 8.19.1 The Middle-East and Africa Blockchain in Retail Market, 2022 – 2030 (USD Million)
- 8.20 The Middle-East and Africa Blockchain in Retail Market, by Component, 2022 – 2030
- 8.20.1 The Middle-East and Africa Blockchain in Retail Market, by Component, 2022 – 2030 (USD Million)
- 8.21 The Middle-East and Africa Blockchain in Retail Market, by Deployment, 2022 – 2030
- 8.21.1 The Middle-East and Africa Blockchain in Retail Market, by Deployment, 2022 – 2030 (USD Million)
- 8.22 The Middle-East and Africa Blockchain in Retail Market, by Application, 2022 – 2030
- 8.22.1 The Middle-East and Africa Blockchain in Retail Market, by Application, 2022 – 2030 (USD Million)
- Chapter 9. Company Profiles
- 9.1 SAP
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 IBM
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Microsoft
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Oracle
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Bitfury
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 AWS
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Auxesis Group
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 BTL
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Cegeka
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Guardtime
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 loyyal
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 CoinBase
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Sofocle
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 RecordsKeeper
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 ModulTrade
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Reply
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 BigchainDB
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Warranteer
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 BitPay
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Abra
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Provenance
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.22 OGYDocs
- 9.22.1 Overview
- 9.22.2 Financials
- 9.22.3 Product Portfolio
- 9.22.4 Business Strategy
- 9.22.5 Recent Developments
- 9.23 Blockverify
- 9.23.1 Overview
- 9.23.2 Financials
- 9.23.3 Product Portfolio
- 9.23.4 Business Strategy
- 9.23.5 Recent Developments
- 9.24 Blockchain Foundary.
- 9.24.1 Overview
- 9.24.2 Financials
- 9.24.3 Product Portfolio
- 9.24.4 Business Strategy
- 9.24.5 Recent Developments
- 9.1 SAP
List Of Figures
Figures No 1 to 26
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Players:
- SAP
- IBM
- Microsoft
- Oracle
- Bitfury
- AWS
- Auxesis Group
- BTL
- Cegeka
- Guardtime
- loyyal
- CoinBase
- Sofocle
- RecordsKeeper
- ModulTrade
- Reply
- BigchainDB
- Warranteer
- BitPay
- Abra
- Provenance
- OGYDocs
- Blockverify
- Blockchain Foundary
- Others
FAQs
“Asia-Pacific” region will lead the global Blockchain in Retail market during the forecast period 2022 to 2030.
The key factors driving the market are increasing demand for speed and efficiency in retail and supply chain transactions and the rapidly changing international trade and retail industry environment.
The key players operating in the Blockchain in Retail market are SAP, IBM, Microsoft, Oracle, Bitfury, AWS, Auxesis Group, BTL, Cegeka, Guardtime, loyyal, CoinBase, Sofocle, RecordsKeeper, ModulTrade, Reply, BigchainDB, Warranteer, BitPay, Abra, Provenance, OGYDocs, Blockverify, Blockchain Foundary.
The global Blockchain in Retail market is expanding growth with a CAGR of approximately 40% during the forecast period (2022 to 2030).
The global Blockchain in Retail market size was valued at USD 170 Million in 2021 and it is projected to reach around USD 2200 Million by 2030.