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市场调查报告书
商品编码
1747092

日本区块链市场规模、份额、趋势及预测(按组件、提供者、类型、部署模式、组织规模、垂直产业和地区划分),2025 年至 2033 年

Japan Blockchain Market Size, Share, Trends and Forecast by Component, Provider, Type, Deployment Mode, Organization Size, Vertical, and Region, 2025-2033

出版日期: | 出版商: IMARC | 英文 120 Pages | 商品交期: 5-7个工作天内

价格
简介目录

2024年,日本区块链市场规模达15.1亿美元。展望未来, IMARC Group预计到2033年,市场规模将达到2,518亿美元,2025-2033年期间的复合年增长率(CAGR)为66.80%。政府的大力支持以及鼓励信任和区块链技术应用的监管环境,推动了市场发展。技术创新,加上金融、供应链和医疗保健等领域对创新的重视,持续推动市场的成长。企业投资和大众产业的采用也在主要产业采用区块链的过程中发挥重要作用,从而扩大了日本区块链的市场份额。

日本区块链市场趋势:

政府支持和监管

推动市场发展的最具影响力的因素之一是强有力的政府支持和监管。日本一直在采用和监管新技术方面处于领先地位,区块链也不例外。日本政府一直在承认区块链技术的潜力方面取得进展,并致力于推动其发展和融入各个行业。日本的加密货币市场持续扩张,拥有 32 家註册交易所、1,200 万个帐户和 5 兆日圆的客户存款总额。截至 2025 年 2 月,现货交易量达到 1.9 兆日圆(131 亿美元),7.3% 的个人投资者拥有加密资产。此外,新法规允许发行人将 50% 的稳定币储备管理为低风险资产,税改提议对加密货币利润征收 20% 的统一税率。该国的加密货币监管框架是世界上最早的框架之一,为区块链的发展奠定了坚实的基础。透过确保区块链交易的安全性和透明度,日本为企业和新创公司利用区块链进行创新创造了有利的环境。此外,日本金融厅 (FSA) 已采取措施,为区块链在金融服务中的应用提供明确的指导方针,鼓励企业在遵守法律标准的前提下探索该技术。这种积极主动的监管方式不仅有助于建立人们对区块链技术的信任,也使日本成为亚洲区块链应用的领导者,推动了日本区块链市场的整体成长。

技术进步与创新

日本在技术创新方面的声誉是区块链市场的重要驱动力。作为技术最先进的国家之一,日本拥有蓬勃发展的区块链开发者和科技公司生态系统。许多日本公司正在金融、物流、医疗保健和供应链管理等产业尝试区块链应用。区块链提供透明、安全、高效的系统,符合日本对创新技术解决方案的需求。此外,日本专注于发展数位日圆和基于区块链的金融服务,这有助于推动该行业的创新。随着企业寻求提高自动化程度、减少诈欺和增强数位交易安全性的方法,去中心化应用程式 (dApp) 和智慧合约的采用也日益增长。企业投资和产业采用在日本区块链市场的扩张中发挥关键作用。各行各业的大型企业已经开始认识到区块链技术在提高其营运效率、透明度和安全性方面的价值。 2025年3月24日,Circle宣布扩大对日本市场的投入,与SBI Holdings合作,将于2025年3月26日起在SBI VC Trade上线USDC。此外,币安日本、bitbank和bitFlyer已承诺在不久的将来上线USDC,这标誌着双方合作迈出了重要一步。随着越来越多的日本公司采用区块链技术来简化营运并提升服务质量,日本市场将继续经历重大的技术创新,进一步推动区块链在各行各业的普及。

日本区块链市场细分:

组件洞察:

  • 平台
  • 服务
    • 专业服务
    • 託管服务

提供者见解:

  • 应用程式提供者
  • 基础设施提供者
  • 中介软体提供者

类型洞察:

  • 民众
  • 私人的
  • 杂交种
  • 联盟

部署模式洞察:

  • 本地
  • 杂交种

组织规模洞察:

  • 中小企业
  • 大型企业

垂直洞察:

  • 运输和物流
  • 农业和食品
  • 製造业
  • 能源和公用事业
  • 医疗保健和生命科学
  • 媒体、广告与娱乐
  • 银行和金融服务
  • 保险
  • 资讯科技和电信
  • 零售与电子商务
  • 政府
  • 房地产和建筑
  • 其他的

竞争格局:

市场研究报告也对竞争格局进行了全面的分析。报告涵盖了市场结构、关键参与者定位、最佳制胜策略、竞争仪錶板和公司评估象限等竞争分析。此外,报告还提供了所有主要公司的详细资料。

日本区块链市场新闻:

  • 2025年3月11日,日本跨国电商平台WAFUU.COM宣布整合加密货币支付。此举将使全球消费者能够使用BTC、ETH、USDT等16种加密货币购买日本商品,并由83个钱包和22家交易所提供支援。这项措施将透过更快捷、更安全的支付方式提升全球消费者的购物体验。 WAFUU.COM旨在弥合日本优质产品与国际市场之间的差距,同时为70多个国家/地区提供无缝衔接、无国界的购物体验。
  • 2025年3月17日,日本领先的加密货币交易所BitTrade宣布即将上线基于区块链的开源支付平台UPCX(UPC)。自2025年3月27日起,BitTrade将推出UPCX的现货交易,支援16种不同的加密货币。此次上线意义重大,因为UPCX已通过日本金融厅(FSA)制定的严格合规性和安全性审查。 BitTrade是日本仅有的16家持牌交易所之一,此次与BitTrade的合作将有助于UPCX拓展其全球市场影响力。 UPCX致力于透过快速支付、去中心化交易所和可客製化支付解决方案,提供安全透明的金融服务。

本报告回答的关键问题:

  • 日本区块链市场目前表现如何?未来几年会如何表现?
  • 日本区块链市场按组成部分的划分是怎样的?
  • 日本区块链市场按提供者划分是怎样的?
  • 日本区块链市场按类型划分是怎样的?
  • 日本区块链市场依部署模式如何划分?
  • 日本区块链市场依组织规模划分是怎样的?
  • 日本区块链市场在垂直方向的划分是怎么样的?
  • 日本区块链市场按地区划分是怎样的?
  • 日本区块链市场的价值链分为哪些阶段?
  • 日本区块链市场的主要驱动因素和挑战是什么?
  • 日本区块链市场的结构是怎么样的?主要参与者是谁?
  • 日本区块链市场的竞争程度如何?

本报告回答的关键问题:

  • 日本区块链市场目前表现如何?未来几年会如何表现?
  • 日本区块链市场按组成部分的划分是怎样的?
  • 日本区块链市场按提供者划分是怎样的?
  • 日本区块链市场按类型划分是怎样的?
  • 日本区块链市场依部署模式如何划分?
  • 日本区块链市场依组织规模划分是怎样的?
  • 日本区块链市场在垂直方向上的划分是怎么样的?
  • 日本区块链市场按地区划分是怎样的?
  • 日本区块链市场的价值链分为哪些阶段?
  • 日本区块链市场的主要驱动因素和挑战是什么?
  • 日本区块链市场的结构是怎么样的?主要参与者是谁?
  • 日本区块链市场的竞争程度如何?

目录

第一章:前言

第二章:范围与方法

  • 研究目标
  • 利害关係人
  • 资料来源
    • 主要来源
    • 次要来源
  • 市场评估
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第三章:执行摘要

第四章:日本区块链市场 - 简介

  • 概述
  • 市场动态
  • 产业趋势
  • 竞争情报

第五章:日本区块链市场格局

  • 历史与当前市场趋势(2019-2024)
  • 市场预测(2025-2033)

第六章:日本区块链市场-细分:按组成部分

  • 平台
    • 概述
  • 服务
    • 概述
    • 市场区隔
      • 专业服务
      • 託管服务

第七章:日本区块链市场 - 细分:按提供者

  • 应用程式提供者
    • 概述
  • 基础设施提供者
    • 概述
  • 中介软体提供者
    • 概述

第 8 章:日本区块链市场 - 细分:按类型

  • 民众
    • 概述
  • 私人的
    • 概述
  • 杂交种
    • 概述
  • 联盟
    • 概述

第九章:日本区块链市场-细分:依部署模式

  • 本地
    • 概述
    • 概述
  • 杂交种
    • 概述

第十章:日本区块链市场 - 细分:依组织规模

  • 中小企业
    • 概述
  • 大型企业
    • 概述

第 11 章:日本区块链市场 - 细分:按垂直产业

  • 运输和物流
    • 概述
  • 农业和食品
    • 概述
  • 製造业
    • 概述
  • 能源和公用事业
    • 概述
  • 医疗保健和生命科学
    • 概述
  • 媒体、广告与娱乐
    • 概述
  • 银行和金融服务
    • 概述
  • 保险
    • 概述
  • 资讯科技和电信
    • 概述
  • 零售与电子商务
    • 概述
  • 政府
    • 概述
  • 房地产和建筑
    • 概述
  • 其他的

第十二章:其他

    • 历史与当前市场趋势(2018-2024)
    • 市场预测(2025-2033)

第 12 章:日本区块链市场 - 竞争格局

  • 概述
  • 市场结构
  • 市场参与者定位
  • 最佳获胜策略
  • 竞争仪錶板
  • 公司评估象限

第十三章:关键参与者简介

  • Company A
    • Business Overview
    • Services Offered
    • Business Strategies
    • SWOT Analysis
    • Major News and Events
  • Company B
    • Business Overview
    • Services Offered
    • Business Strategies
    • SWOT Analysis
    • Major News and Events
  • Company C
    • Business Overview
    • Services Offered
    • Business Strategies
    • SWOT Analysis
    • Major News and Events
  • Company D
    • Business Overview
    • Services Offered
    • Business Strategies
    • SWOT Analysis
    • Major News and Events
  • Company E
    • Business Overview
    • Services Offered
    • Business Strategies
    • SWOT Analysis
    • Major News and Events

第 14 章:日本区块链市场 - 产业分析

  • 驱动因素、限制因素和机会
    • 概述
    • 驱动程式
    • 限制
    • 机会
  • 波特五力分析
    • 概述
    • 买家的议价能力
    • 供应商的议价能力
    • 竞争程度
    • 新进入者的威胁
    • 替代品的威胁
  • 价值链分析

第 15 章:附录

简介目录
Product Code: SR112025A34898

The Japan blockchain market size reached USD 1.51 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 251.80 Billion by 2033, exhibiting a growth rate (CAGR) of 66.80% during 2025-2033. The market is spurred by robust government backing and regulatory environments that encourage trust and blockchain technology adoption. Technological innovation, coupled with an emphasis on innovation in areas like finance, supply chain, and healthcare, continues to propel the growth of the market. Corporate investment and mass industry adoption are also playing a major role in the adoption of blockchain in major sectors, therefore augmenting the Japan blockchain market share.

Japan Blockchain Market Trends:

Government Support and Regulation

Among the most influential factors driving the market is robust government support and regulation. Japan has consistently been a leader in the adoption and regulation of novel technologies, and blockchain is not different. The government of Japan has been progressive in acknowledging the potential of blockchain technology, with efforts being focused towards its promotion for development and integration into diverse industries. Japan's crypto market continues to expand, with 32 registered exchanges, 12 million accounts, and a total customer deposit balance of JPY 5 trillion. As of February 2025, the spot trading volume reached JPY 1.9 trillion (USD 13.1 billion), and 7.3% of individual investors own crypto-assets. Additionally, new regulations allow issuers to manage 50% of stablecoin reserves in low-risk assets, and tax reforms propose a flat 20% rate on crypto profits. The country's regulatory framework for cryptocurrencies, which was one of the first in the world, has provided a solid foundation for blockchain growth. By ensuring the security and transparency of blockchain-based transactions, Japan has created a favorable environment for businesses and startups to innovate using blockchain. Furthermore, Japan's Financial Services Agency (FSA) has taken steps to provide clear guidelines on the use of blockchain in financial services, encouraging companies to explore the technology while adhering to legal standards. This proactive regulatory approach has not only helped establish trust in blockchain technology but also positioned Japan as a leader in blockchain adoption in Asia, driving the overall Japan blockchain market growth.

Technological Advancements and Innovation

Japan's reputation for technological innovation is a significant driver of the blockchain market. As one of the most technologically advanced countries, Japan is home to a thriving ecosystem of blockchain developers and technology companies. Many Japanese firms are experimenting with blockchain applications in industries such as finance, logistics, healthcare, and supply chain management. Blockchain provides transparent, secure, and efficient systems, that aligns with Japan's demand for innovative technological solutions. Additionally, Japan's focus on the development of Digital Yen and blockchain-based financial services is helping to drive innovation within the sector. The adoption of decentralized applications (dApps) and smart contracts is also gaining momentum, as businesses look for ways to improve automation, reduce fraud, and increase the security of digital transactions. Corporate investment and industry adoption play a pivotal role in the expansion of the blockchain market in Japan. Major corporations across various sectors have begun to recognize the value of blockchain technology for improving efficiency, transparency, and security in their operations. On March 24, 2025, Circle announced its expanded commitment to Japan by partnering with SBI Holdings to launch USDC on SBI VC Trade starting March 26, 2025. Additionally, Binance Japan, bitbank, and bitFlyer have committed to listing USDC in the near future, marking a significant step in their collaboration. As more companies in Japan embrace blockchain to streamline operations and enhance their services, the market will continue to experience significant technological innovation, further bolstering blockchain adoption across various industries.

Japan Blockchain Market Segmentation:

Component Insights:

  • Platforms
  • Services
    • Professional Services
    • Managed Services

Provider Insights:

  • Application Provider
  • Infrastructure Provider
  • Middleware Provider

Type Insights:

  • Public
  • Private
  • Hybrid
  • Consortium

Deployment Mode Insights:

  • On-Premises
  • Cloud
  • Hybrid

Organization Size Insights:

  • SMEs
  • Large Enterprises

Vertical Insights:

  • Transportation and Logistics
  • Agriculture and Food
  • Manufacturing
  • Energy and Utilities
  • Healthcare and Life Sciences
  • Media, Advertising, and Entertainment
  • Banking and Financial Services
  • Insurance
  • IT and Telecom
  • Retail and Ecommerce
  • Government
  • Real Estate and Construction
  • Others

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Japan Blockchain Market News:

  • On March 11, 2025, Japan's WAFUU.COM, a cross-border e-commerce platform, announced the integration of cryptocurrency payments. This move allows customers worldwide to purchase Japanese products using 16 different cryptocurrencies such as BTC, ETH, USDT, and others, facilitated by 83 wallets and 22 exchanges. This development enhances the shopping experience for global consumers by enabling faster and more secure payments. WAFUU.COM aims to bridge the gap between Japan's high-quality products and international markets while supporting over 70 countries with a seamless and borderless shopping experience.
  • On March 17, 2025, BitTrade, a leading cryptocurrency exchange in Japan, announced the upcoming listing of UPCX (UPC), a blockchain-based open-source payment platform. Starting March 27, 2025, BitTrade will launch spot trading for UPCX, supported by 16 different cryptocurrencies. This listing is significant as UPCX has passed the rigorous compliance and security checks set by the Japanese Financial Services Agency (FSA). The partnership with BitTrade, one of only 16 licensed exchanges in Japan, will help UPCX expand its global market presence. UPCX aims to provide secure and transparent financial services with fast payments, decentralized exchanges, and customizable payment solutions.

Key Questions Answered in This Report:

  • How has the Japan blockchain market performed so far and how will it perform in the coming years?
  • What is the breakup of the Japan blockchain market on the basis of component?
  • What is the breakup of the Japan blockchain market on the basis of provider?
  • What is the breakup of the Japan blockchain market on the basis of type?
  • What is the breakup of the Japan blockchain market on the basis of deployment mode?
  • What is the breakup of the Japan blockchain market on the basis of organization size?
  • What is the breakup of the Japan blockchain market on the basis of vertical?
  • What is the breakup of the Japan blockchain market on the basis of region?
  • What are the various stages in the value chain of the Japan blockchain market?
  • What are the key driving factors and challenges in the Japan blockchain market?
  • What is the structure of the Japan blockchain market and who are the key players?
  • What is the degree of competition in the Japan blockchain market?

Table of Contents

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 Japan Blockchain Market - Introduction

  • 4.1 Overview
  • 4.2 Market Dynamics
  • 4.3 Industry Trends
  • 4.4 Competitive Intelligence

5 Japan Blockchain Market Landscape

  • 5.1 Historical and Current Market Trends (2019-2024)
  • 5.2 Market Forecast (2025-2033)

6 Japan Blockchain Market - Breakup by Component

  • 6.1 Platforms
    • 6.1.1 Overview
    • 6.1.2 Historical and Current Market Trends (2019-2024)
    • 6.1.3 Market Forecast (2025-2033)
  • 6.2 Services
    • 6.2.1 Overview
    • 6.2.2 Historical and Current Market Trends (2019-2024)
    • 6.2.3 Market Segmentation
      • 6.2.3.1 Professional Services
      • 6.2.3.2 Managed Services
    • 6.2.4 Market Forecast (2025-2033)

7 Japan Blockchain Market - Breakup by Provider

  • 7.1 Application Provider
    • 7.1.1 Overview
    • 7.1.2 Historical and Current Market Trends (2019-2024)
    • 7.1.3 Market Forecast (2025-2033)
  • 7.2 Infrastructure Provider
    • 7.2.1 Overview
    • 7.2.2 Historical and Current Market Trends (2019-2024)
    • 7.2.3 Market Forecast (2025-2033)
  • 7.3 Middleware Provider
    • 7.3.1 Overview
    • 7.3.2 Historical and Current Market Trends (2019-2024)
    • 7.3.3 Market Forecast (2025-2033)

8 Japan Blockchain Market - Breakup by Type

  • 8.1 Public
    • 8.1.1 Overview
    • 8.1.2 Historical and Current Market Trends (2019-2024)
    • 8.1.3 Market Forecast (2025-2033)
  • 8.2 Private
    • 8.2.1 Overview
    • 8.2.2 Historical and Current Market Trends (2019-2024)
    • 8.2.3 Market Forecast (2025-2033)
  • 8.3 Hybrid
    • 8.3.1 Overview
    • 8.3.2 Historical and Current Market Trends (2019-2024)
    • 8.3.3 Market Forecast (2025-2033)
  • 8.4 Consortium
    • 8.4.1 Overview
    • 8.4.2 Historical and Current Market Trends (2019-2024)
    • 8.4.3 Market Forecast (2025-2033)

9 Japan Blockchain Market - Breakup by Deployment Mode

  • 9.1 On-Premises
    • 9.1.1 Overview
    • 9.1.2 Historical and Current Market Trends (2019-2024)
    • 9.1.3 Market Forecast (2025-2033)
  • 9.2 Cloud
    • 9.2.1 Overview
    • 9.2.2 Historical and Current Market Trends (2019-2024)
    • 9.2.3 Market Forecast (2025-2033)
  • 9.3 Hybrid
    • 9.3.1 Overview
    • 9.3.2 Historical and Current Market Trends (2019-2024)
    • 9.3.3 Market Forecast (2025-2033)

10 Japan Blockchain Market - Breakup by Organization Size

  • 10.1 SMES
    • 10.1.1 Overview
    • 10.1.2 Historical and Current Market Trends (2019-2024)
    • 10.1.3 Market Forecast (2025-2033)
  • 10.2 Large Enterprises
    • 10.2.1 Overview
    • 10.2.2 Historical and Current Market Trends (2019-2024)
    • 10.2.3 Market Forecast (2025-2033)

11 Japan Blockchain Market - Breakup by Vertical

  • 11.1 Transportation and Logistics
    • 11.1.1 Overview
    • 11.1.2 Historical and Current Market Trends (2019-2024)
    • 11.1.3 Market Forecast (2025-2033)
  • 11.2 Agriculture and Food
    • 11.2.1 Overview
    • 11.2.2 Historical and Current Market Trends (2019-2024)
    • 11.2.3 Market Forecast (2025-2033)
  • 11.3 Manufacturing
    • 11.3.1 Overview
    • 11.3.2 Historical and Current Market Trends (2019-2024)
    • 11.3.3 Market Forecast (2025-2033)
  • 11.4 Energy and Utilities
    • 11.4.1 Overview
    • 11.4.2 Historical and Current Market Trends (2019-2024)
    • 11.4.3 Market Forecast (2025-2033)
  • 11.5 Healthcare and Life Sciences
    • 11.5.1 Overview
    • 11.5.2 Historical and Current Market Trends (2019-2024)
    • 11.5.3 Market Forecast (2025-2033)
  • 11.6 Media, Advertising, and Entertainment
    • 11.6.1 Overview
    • 11.6.2 Historical and Current Market Trends (2019-2024)
    • 11.6.3 Market Forecast (2025-2033)
  • 11.7 Banking and Financial Services
    • 11.7.1 Overview
    • 11.7.2 Historical and Current Market Trends (2019-2024)
    • 11.7.3 Market Forecast (2025-2033)
  • 11.8 Insurance
    • 11.8.1 Overview
    • 11.8.2 Historical and Current Market Trends (2019-2024)
    • 11.8.3 Market Forecast (2025-2033)
  • 11.9 IT and Telecom
    • 11.9.1 Overview
    • 11.9.2 Historical and Current Market Trends (2019-2024)
    • 11.9.3 Market Forecast (2025-2033)
  • 11.10 Retail and Ecommerce
    • 11.10.1 Overview
    • 11.10.2 Historical and Current Market Trends (2019-2024)
    • 11.10.3 Market Forecast (2025-2033)
  • 11.11 Government
    • 11.11.1 Overview
    • 11.11.2 Historical and Current Market Trends (2019-2024)
    • 11.11.3 Market Forecast (2025-2033)
  • 11.12 Real Estate and Construction
    • 11.12.1 Overview
    • 11.12.2 Historical and Current Market Trends (2019-2024)
    • 11.12.3 Market Forecast (2025-2033)
  • 11.13 Others
    • 11.13.1 Historical and Current Market Trends (2019-2024)
    • 11.13.2 Market Forecast (2025-2033)

12 Others

    • 11.12.1 Historical and Current Market Trends (2018-2024)
    • 11.12.2 Market Forecast (2025-2033)

12 Japan Blockchain Market - Competitive Landscape

  • 12.1 Overview
  • 12.2 Market Structure
  • 12.3 Market Player Positioning
  • 12.4 Top Winning Strategies
  • 12.5 Competitive Dashboard
  • 12.6 Company Evaluation Quadrant

13 Profiles of Key Players

  • 13.1 Company A
    • 13.1.1 Business Overview
    • 13.1.2 Services Offered
    • 13.1.3 Business Strategies
    • 13.1.4 SWOT Analysis
    • 13.1.5 Major News and Events
  • 13.2 Company B
    • 13.2.1 Business Overview
    • 13.2.2 Services Offered
    • 13.2.3 Business Strategies
    • 13.2.4 SWOT Analysis
    • 13.2.5 Major News and Events
  • 13.3 Company C
    • 13.3.1 Business Overview
    • 13.3.2 Services Offered
    • 13.3.3 Business Strategies
    • 13.3.4 SWOT Analysis
    • 13.3.5 Major News and Events
  • 13.4 Company D
    • 13.4.1 Business Overview
    • 13.4.2 Services Offered
    • 13.4.3 Business Strategies
    • 13.4.4 SWOT Analysis
    • 13.4.5 Major News and Events
  • 13.5 Company E
    • 13.5.1 Business Overview
    • 13.5.2 Services Offered
    • 13.5.3 Business Strategies
    • 13.5.4 SWOT Analysis
    • 13.5.5 Major News and Events

14 Japan Blockchain Market - Industry Analysis

  • 14.1 Drivers, Restraints, and Opportunities
    • 14.1.1 Overview
    • 14.1.2 Drivers
    • 14.1.3 Restraints
    • 14.1.4 Opportunities
  • 14.2 Porters Five Forces Analysis
    • 14.2.1 Overview
    • 14.2.2 Bargaining Power of Buyers
    • 14.2.3 Bargaining Power of Suppliers
    • 14.2.4 Degree of Competition
    • 14.2.5 Threat of New Entrants
    • 14.2.6 Threat of Substitutes
  • 14.3 Value Chain Analysis

15 Appendix