Enjoy complimentary customisation on priority with our Enterprise License!
Below are some of the key findings from the blockchain market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.
With an increase in online transactions and the dependence of retailers on digital centralized platforms to connect with their customers, there are rising concerns regarding data control and personal identity. These digital platforms are susceptible to hacking as hackers can steal social security numbers such as credit card numbers and addresses. This drives the need for decentralized identity like blockchain to overcome the risk of identity theft and fraud. End-users can decide the amount of information to be shared using the blockchain network. Additionally, the use of this identity management also allows a secured identity exchange during transactions in real-world applications.
Moreover, the growth of quantum computing will also drive blockchain market growth in the retail sector during the forecast period. Payment transactions in the retail sector use blockchain technologies and public key cryptography. Public key cryptography can be decrypted using quantum computing. This poses a threat to blockchain systems in the retail sector for carrying out transactions. As a result, organizations have developed quantum-based blockchain solutions such as quantum-resistant cryptographic blockchain systems. The advanced blockchain technology maintains data security for end-users and prevents the hacking of data. Such factors will drive the growth of the blockchain in retail market size, and the market will register a CAGR of almost 81% by 2023. However, the market’s growth momentum is expected to decelerate in the coming years because of the decline in year-over-year growth.
The global blockchain market in the retail sector is fairly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the companies, the report on the industry will help clients identify new growth opportunities and design innovative strategies to make the most of the increasing blockchain in retail market size.
The report offers a complete analysis of various companies including:
North America will account for the largest share of the blockchain in retail market size throughout the forecast period. The growing popularity of e-retail, the increasing need to digitize the supply chain, and the need to boost the efficiency of enterprises by creating more visibility of information for their customers and users are some of the major reasons for the high growth of the blockchain market in the retail sector in the region.
The large enterprises will account for the highest blockchain market share in the retail sector because of the growing adoption of this solution among large enterprises, primarily led by affordability. Blockchain technology benefits large enterprises by allowing enterprise-class scalability and easy management of shared sensitive information such as digital identities, passwords, and documents. The report provides an accurate prediction of the contribution of various segments to the growth of the blockchain in retail market size.
We can help! Our analysts can customize the market research report to meet your requirements. Get in touch
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY APPLICATION
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.