Global Blockchain Technology Category - Procurement Market Intelligence Report

This procurement report offers key insights on the best practices for supplier selection and the strategies for category management.

  • Published: Aug 2017
  • Pages: 93
  • SKU: IRCMSTR14520
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Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Blockchain Technology - Category Spend Analysis

According to procurement analysts at SpendEdge, one of the key growth contributors for the global blockchain technology market is the low transaction cost offered by it. Conventionally, all monetary transactions have been carried out through financial intermediaries such as banks. But, the presence of intermediaries often leads to delays in processing of transactions and increases the cost. By using blockchain technology all transactions are carried out through cryptographic codes known as keys. These keys are unique for each user and allow users to easily transact with each other, without relying on any intermediary.

Blockchain Technology - Procurement Best Practices

As the computing requirements and transaction costs of public blockchains are constantly on the rise, it is not economically feasible for a new organization to be a part of a public blockchain. Therefore, organizations should try to implement a private blockchain by being a member of an industry consortium. This divides the operational costs among the participants and leads to a viable ecosystem, providing sustainability to a commercialized solution. A consortium also leads to the formation of better data governance standards, technology standards, operational protocols, and high bargaining power with regulators given the ambiguity surrounding the regulatory aspects of the category

Blockchain Technology - Procurement Challenges

A major procurement pain point experienced by the buyers is the consistent need to invest in computing power. In a blockchain ecosystem, miners (network participants) are rewarded for being the first in the network to validate a given transaction. This validation requires tremendous processing power as the validation is done by solving highly complex algorithms. As, the number of transactions grow, the computing power requirements keep going up. The continuously rising processing needs necessitate continuous investment in processing power. This increases the cost per transaction and can easily erode any cost savings incurred by being a part of the blockchain.

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PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • Microsoft
  • IBM
  • Deloitte
  • Accenture
  • Capgemini

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

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