Blockchain in Retail Market: By Providers, By Application, By Organization Site and Large Enterprises), and Region Forecast 2019-2030
Blockchain in Retail Market size was valued at US$ 172.3 million in 2023 and is poised to grow at a 42.8% CAGR from 2024 to 2030. Blockchain is a type of ledger that allows a network of participants to securely record, store, and share information. The increasing number of online websites need to track real-time information to improve transactions with a transparent supply chain, growing demand for cost reduction, and fast payment across the retail shows extensive needs for blockchain in the market which drives the market growth.
The unorganized sector of retail stores requires the adoption of new technology, to manage inventory, maintain product quality, manage consumer data, improve loyalty programs, and other functions which create lucrative opportunities in the market. The digital attacks, lack of awareness, and technical understanding of blockchain hinder the market growth, the surge in demand for blockchain has been seen in COVID-19 contactless delivery and payment, and escalated QR codes, become the latest trend in the market.
Study Period
2024-2030Base Year
2023CAGR
42.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The increasing digitalization of retail across the world is the major market driver in the Blockchain Market in Retail during the forecast period. The blockchain benefits business operations in the ecommerce market where the products are received from multiple locations. Applications of blockchain retail go beyond making frictionless and contactless payments making the supply chain streamlined and less prone to counterfeits, providing efficient sales processes. Hence, this will drive the global market growth at a significant rate.
The market in Retail in the Asia Pacific is likely to hold a significant revenue share in 2022, It is attributed to the increasing awareness of blockchain benefits, introduction of new technology and automation in retail operations will escalate the market growth, it is predicted to grow rapidly in the forecast years.
North America holds the major market share in the global market and dominates the market increasing demand for preventing retail theft, and adoption of innovative tools drives the market, it is projected to continue dominance in the forecast years due to the presence of global key players in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 172.3 million |
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Market CAGR |
42.8% |
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By Providers |
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By Application |
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By Organization Site |
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By Region |
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The blockchain in retail market size was valued at US$ 172.3 million in 2023 and is expected to reach 2,083.5 million by 2030
The leading players in the blockchain market in retail are IBM Corporation, Oracle Corporation, Accenture Plc, Tata Consultancy Services, Amazon Web Services, Inc., Cisco Systems Inc., Auxesis Services and Technologies (P) Ltd, Guardtime, Sofocle Technologies, Capgemini SE
Asia Pacific is the fastest growing region in the market.
| 1.Executive Summary |
| 2.Global Blockchain in Retail Market Introduction |
| 2.1.Global Blockchain in Retail Market - Taxonomy |
| 2.2.Global Blockchain in Retail Market - Definitions |
| 2.2.1.Providers |
| 2.2.2.Application |
| 2.2.3.Organization Site |
| 2.2.4.Region |
| 3.Global Blockchain in Retail Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Blockchain in Retail Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Blockchain in Retail Market By Providers, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Application providers |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Middle Ware providers |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Infrastructure providers |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Blockchain in Retail Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Compliance Management |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Identity Management |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Payments |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Smart Contacts |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Supply Chain Management |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Blockchain in Retail Market By Organization Site, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Small Medium Enterprises (SMEs) |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Large Enterprises |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Blockchain in Retail Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Blockchain in Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Providers Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Application providers |
| 9.1.2.Middle Ware providers |
| 9.1.3.Infrastructure providers |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Compliance Management |
| 9.2.2.Identity Management |
| 9.2.3.Payments |
| 9.2.4.Smart Contacts |
| 9.2.5.Supply Chain Management |
| 9.2.6.Others |
| 9.3. Organization Site Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Small Medium Enterprises (SMEs) |
| 9.3.2.Large Enterprises |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Blockchain in Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Providers Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Application providers |
| 10.1.2.Middle Ware providers |
| 10.1.3.Infrastructure providers |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Compliance Management |
| 10.2.2.Identity Management |
| 10.2.3.Payments |
| 10.2.4.Smart Contacts |
| 10.2.5.Supply Chain Management |
| 10.2.6.Others |
| 10.3. Organization Site Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Small Medium Enterprises (SMEs) |
| 10.3.2.Large Enterprises |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Blockchain in Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Providers Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Application providers |
| 11.1.2.Middle Ware providers |
| 11.1.3.Infrastructure providers |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Compliance Management |
| 11.2.2.Identity Management |
| 11.2.3.Payments |
| 11.2.4.Smart Contacts |
| 11.2.5.Supply Chain Management |
| 11.2.6.Others |
| 11.3. Organization Site Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Small Medium Enterprises (SMEs) |
| 11.3.2.Large Enterprises |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Blockchain in Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Providers Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Application providers |
| 12.1.2.Middle Ware providers |
| 12.1.3.Infrastructure providers |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Compliance Management |
| 12.2.2.Identity Management |
| 12.2.3.Payments |
| 12.2.4.Smart Contacts |
| 12.2.5.Supply Chain Management |
| 12.2.6.Others |
| 12.3. Organization Site Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Small Medium Enterprises (SMEs) |
| 12.3.2.Large Enterprises |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Blockchain in Retail Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Providers Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Application providers |
| 13.1.2.Middle Ware providers |
| 13.1.3.Infrastructure providers |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Compliance Management |
| 13.2.2.Identity Management |
| 13.2.3.Payments |
| 13.2.4.Smart Contacts |
| 13.2.5.Supply Chain Management |
| 13.2.6.Others |
| 13.3. Organization Site Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Small Medium Enterprises (SMEs) |
| 13.3.2.Large Enterprises |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.IBM Corporation |
| 14.2.2.Oracle Corporation |
| 14.2.3.Accenture Plc |
| 14.2.4.Tata Consultancy Services |
| 14.2.5.Amazon Web Services, Inc. |
| 14.2.6.Cisco Systems Inc. |
| 14.2.7.Auxesis Services and Technologies (P) Ltd. |
| 14.2.8.Guardtime |
| 14.2.9.Sofocle Technologies |
| 14.2.10.Capgemini SE |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.
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