This report focuses on the global Blockchain in Retail status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Blockchain in Retail development in United States, Europe and China.
Blockchain is helping transform the back end of retail businesses. Smart contracts, which digitally verify an action on the blockchain and can’t be tampered by third parties, can help improve employee efficiency and streamline HR processes.
The Blockchain in Retail industry was 44.2 million USD in 2017 and is projected to reach 2,339.5 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 96.4% between 2017 and 2023. The market is driven by various end-user industries, such as Compliance Management, Identity Management, Loyalty & Rewards Management, Payment, Smart Contracts, and Supply Chain Management.
The industry is less concentration, the key brand 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 key players covered in this study
Market segment by Type, the product can be split into
Loyalty and Rewards Management
Supply Chain Management
Market segment by Application, split into
Small and Medium-Sized Enterprises
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Blockchain in Retail status, future forecast, growth opportunity, key market and key players.
To present the Blockchain in Retail development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Blockchain in Retail are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.