Blockchain in Retail Market

Industry Overview

The global Blockchain in Retail Market is projected to reach USD 35.8 billion by 2030, registering a CAGR of 38.4% during the forecast period. Increasing adoption of blockchain from the retail and supply chain sector, and increasing investment towards blockchain technology, propelling the growth of the market.

Market Segmentation

Insight by Provider

On the basis of provider, the global blockchain in the retail market is categorized into middleware provider, application provider, and infrastructure provider, wherein the application provider category is expected to witness the fastest growth during the forecast period. The growth of this segment is attributed to the increasing adoption of technologically advanced blockchain solutions in retail companies.

Insight by Application

Based on application, the blockchain in the retail market is segmented into compliance management, identity management, loyalty, and rewards management, payments, smart contracts, supply chain management, and others (anti-counterfeiting, advertising, and consumer data management). Among all these segments, the supply chain management category contributes the largest revenue globally, owing to the increase in deployment of blockchain technologies across various business processes to cut down on costs of verification, execution, arbitration, and fraud prevention by the various multinational retail and supply chain management corporations.

Global Blockchain in Retail Market Report Coverage

Industry Dynamics

Trends

Rapidly transforming international trade and retail Sector across the globe is the key trends observed in the blockchain in the retail market, globally. With blockchain, customers can have more control over their personal data. They can choose to share specific data with retailers while maintaining their privacy. Blockchain can also help retailers securely store and manage customer data, reducing the risk of data breaches.

Growth Drivers

The global blockchain in the retail market has been driven by several key factors, including increasing adoption of blockchain from the supply chain and retail sector, growing cases of fraudulent activities in the retail sector, increasing need to provide protection against data tempering, rise in the usage of blockchain technology to create a transparent environment, and increasing demand for high efficiency and high speed in the retail sector.

Supply Chain Management: Blockchain can enhance transparency and traceability in the supply chain, allowing retailers and consumers to track products from their origin to the final destination. It can help prevent counterfeiting, ensure ethical sourcing, improve product recalls, and streamline inventory management.

Loyalty Programs: Blockchain technology can be used to create decentralized loyalty programs, where customers can earn and redeem rewards across multiple retailers. This eliminates the need for separate loyalty cards and enables interoperability between different loyalty programs.

Payment and Transactions: Blockchain-based cryptocurrencies and smart contracts can facilitate secure and efficient transactions between retailers and customers. They can eliminate intermediaries, reduce transaction fees, and enable instant cross-border payments.

Product Lifecycle Management: Blockchain can enable the creation of a digital passport for products, capturing their entire lifecycle information, including manufacturing, transportation, maintenance, and disposal. This can enhance sustainability efforts and enable retailers to make more informed decisions.

Restraints

Lack of awareness regarding the blockchain technique is hindering the growth of the blockchain in the retail market, globally.

Geography Insight

Geographically, North America has accounted for the largest share of blockchain in the retail market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed to the existence of a large number of players of blockchain technology in the region and also it is considered the most advanced region in terms of advanced technology adoption. Major multinational retailers such as Walmart and supply chain management/logistics companies such as UPS and FedEx in this region are adopting blockchain technology. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period due to huge investment towards the development of blockchain technology to change the business processes in the retail sector.

Competitive Insight

Some of the key players operating in the global blockchain in the retail market are IBM Corporation, Amazon Web Services, Inc., Microsoft Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, Infosys Limited, Accenture plc, Intel Corporation, BigchainDB Gmbh, Ethereum Foundation, Earthport PLC, Factom, BTL Group Ltd., Humaniq, Tierion, BlockCypher Inc., AlphaPoint, and Bitfury Group Limited.

Forecast Parameters

- Identifying variables and establishing market impact.
- Establishing market trends regionally.
- Analyzing opportunities and market penetration rates by understanding product commercialization, and regional expansion.
- Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
- Analyzing sustainability strategies adhered to by market participants in an attempt to determine the future course of the market.
- Analyzing historical market trends and super-imposing them on the current and future variables to determine the year-on-year trend.
- Understanding adoption, production, export, import, and regulatory framework.

Data Validation

- Estimated and forecasted data was validated through industry experts.
- Apart from industry experts, data triangulation methods were used for validation.
- Bottom-up and top-down approach has been used for the estimation and forecast of market data, whereas the top-down approach was used for validation.
- Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising consumers are also conducted to understand consumer behavior.

The Blockchain in Retail Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Provider
  • Middleware Provider
  • Application Provider
  • Infrastructure Provider
• By Application
  • Compliance Management
  • Identity Management
  • Loyalty and Rewards Management
  • Payments
  • Smart Contracts
  • Supply Chain Management
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Provider
                1.2.2.    By Application
                1.2.3.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Size Estimations and Forecast
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Market Definition

        3.1.    By Provider
                3.1.1.    Middleware Provider
                3.1.2.    Application Provider
                3.1.3.    Infrastructure Provider
        3.2.    By Application
                3.2.1.    Compliance Management
                3.2.2.    Identity Management 
                3.2.3.    Loyalty and Rewards Management
                3.2.4.    Payments
                3.2.5.    Smart Contracts 
                3.2.6.    Supply Chain Management
                3.2.7.    Others

4.    Industry Overview

        4.1.    Industry Dynamics
                4.1.1.    Market Growth Drivers
                4.1.2.    Market Growth Restraints
                4.1.3.    Key Market Trends
                4.1.4.    Major Opportunities
        4.2.    Industry Ecosystem
                4.2.1.    Porter’s Five Forces Analysis
                4.2.2.    Recent Development Analysis
                4.2.3.    Value Chain Analysis
        4.3.    Competitive Insight
                4.3.1.    Competitive Position of Industry Players
                4.3.2.    Market Attractive Analysis
                4.3.3.    Market Share Analysis

5.    Global Market Estimate and Forecast

        5.1.    By Provider
        5.2.    By Application
        5.3.    By Region

6.    North America Market Estimate and Forecast

        6.1.    By Provider
        6.2.    By Application
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Provider
        7.2.    By Application
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Provider
        8.2.    By Application
        8.3.    By Country 
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    Singapore Market Estimate and Forecast
                8.3.5.    Australia Market Estimate and Forecast
                8.3.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Provider
        9.2.    By Application
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    U.A.E. Market Estimate and Forecast
                9.3.3.    Saudi Arabia Market Estimate and Forecast
                9.3.4.    South Africa Market Estimate and Forecast
                9.3.5.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    IBM Corporation
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Amazon Web Services, Inc.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Microsoft Corporation
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Deloitte Touche Tohmatsu Limited
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Oracle Corporation
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Infosys Limited
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Accenture plc
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Intel Corporation
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    BigchainDB Gmbh
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Ethereum Foundation
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
        10.11.    Earthport PLC
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments
        10.12.    Factom
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
                10.12.5.    Recent Developments
        10.13.    BTL Group Ltd.
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
                10.13.5.    Recent Developments
        10.14.    Humaniq
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
                10.14.5.    Recent Developments
        10.15.    Tierion
                10.15.1.    Snapshot
                10.15.2.    Overview
                10.15.3.    Offerings
                10.15.4.    Financial Insight
                10.15.5.    Recent Developments
        10.16.    BlockCypher Inc.
                10.16.1.    Snapshot
                10.16.2.    Overview
                10.16.3.    Offerings
                10.16.4.    Financial Insight
                10.16.5.    Recent Developments
        10.17.    AlphaPoint
                10.17.1.    Snapshot
                10.17.2.    Overview
                10.17.3.    Offerings
                10.17.4.    Financial Insight
                10.17.5.    Recent Developments
        10.18.    Bitfury Group Limited
                10.18.1.    Snapshot
                10.18.2.    Overview
                10.18.3.    Offerings
                10.18.4.    Financial Insight
                10.18.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Blockchain in Retail Market Size, by Provider, 2018 - 2023 (USD Billion)
Table 5  Global Blockchain in Retail Market Size, by Provider, 2025 - 2030 (USD Billion)
Table 6  Global Blockchain in Retail Market Size, by Application, 2018 - 2023 (USD Billion)
Table 7  Global Blockchain in Retail Market Size, by Application, 2025 - 2030 (USD Billion)
Table 8  Global Blockchain in Retail Market Size, by Region, 2018 - 2023 (USD Billion)
Table 9  Global Blockchain in Retail Market Size, by Region, 2025 - 2030 (USD Billion)
Table 10  North America Blockchain in Retail Market Size, by Provider, 2018 - 2023 (USD Billion)
Table 11  North America Blockchain in Retail Market Size, by Provider, 2025 - 2030 (USD Billion)
Table 12  North America Blockchain in Retail Market Size, by Application, 2018 - 2023 (USD Billion)
Table 13  North America Blockchain in Retail Market Size, by Application, 2025 - 2030 (USD Billion)
Table 14  North America Blockchain in Retail Market Size, by Country, 2018 - 2023 (USD Billion)
Table 15  North America Blockchain in Retail Market Size, by Country, 2025 - 2030 (USD Billion)
Table 16  Europe Blockchain in Retail Market Size, by Provider, 2018 - 2023 (USD Billion)
Table 17  Europe Blockchain in Retail Market Size, by Provider, 2025 - 2030 (USD Billion)
Table 18  Europe Blockchain in Retail Market Size, by Application, 2018 - 2023 (USD Billion)
Table 19  Europe Blockchain in Retail Market Size, by Application, 2025 - 2030 (USD Billion)
Table 20  Europe Blockchain in Retail Market Size, by Country, 2018 - 2023 (USD Billion)
Table 21  Europe Blockchain in Retail Market Size, by Country, 2025 - 2030 (USD Billion)
Table 22  Asia-Pacific Blockchain in Retail Market Size, by Provider, 2018 - 2023 (USD Billion)
Table 23  Asia-Pacific Blockchain in Retail Market Size, by Provider, 2025 - 2030 (USD Billion)
Table 24  Asia-Pacific Blockchain in Retail Market Size, by Application, 2018 - 2023 (USD Billion)
Table 25  Asia-Pacific Blockchain in Retail Market Size, by Application, 2025 - 2030 (USD Billion)
Table 26  Asia-Pacific Blockchain in Retail Market Size, by Country, 2018 - 2023 (USD Billion)
Table 27  Asia-Pacific Blockchain in Retail Market Size, by Country, 2025 - 2030 (USD Billion)
Table 28  RoW Blockchain in Retail Market Size, by Provider, 2018 - 2023 (USD Billion)
Table 29  RoW Blockchain in Retail Market Size, by Provider, 2025 - 2030 (USD Billion)
Table 30  RoW Blockchain in Retail Market Size, by Application, 2018 - 2023 (USD Billion)
Table 31  RoW Blockchain in Retail Market Size, by Application, 2025 - 2030 (USD Billion)
Table 32  RoW Blockchain in Retail Market Size, by Country, 2018 - 2023 (USD Billion)
Table 33  RoW Blockchain in Retail Market Size, by Country, 2025 - 2030 (USD Billion)
Table 34  Snapshot – IBM Corporation
Table 35  Snapshot – Amazon Web Services, Inc.
Table 36  Snapshot – Microsoft Corporation
Table 37  Snapshot – Deloitte Touche Tohmatsu Limited
Table 38  Snapshot – Oracle Corporation
Table 39  Snapshot – Infosys Limited
Table 40  Snapshot – Accenture plc
Table 41  Snapshot – Intel Corporation
Table 42  Snapshot – BigchainDB Gmbh
Table 43  Snapshot – Ethereum Foundation
Table 44  Snapshot – Earthport PLC
Table 45  Snapshot – Factom
Table 46  Snapshot – BTL Group Ltd.
Table 47  Snapshot – Humaniq
Table 48  Snapshot – Tierion
Table 49  Snapshot – BlockCypher Inc.
Table 50  Snapshot – AlphaPoint
Table 51  Snapshot – Bitfury Group Limited

List of Figures

Figure 1  Market Coverage
Figure 2  Research Phases
Figure 3  Secondary Providers for Different Parameters
Figure 4  Methodology
Figure 5  Data Mining & Exploration
Figure 6  Data Triangulation
Figure 7  Assumptions for Market Estimation and Forecast
Figure 8  Market Synopsis
Figure 9  Global Blockchain in Retail Market - Growth Drivers and Restraints
Figure 10  Competitive Benchmark
Figure 11  Global Blockchain in Retail Market Highlight
Figure 12  Global Blockchain in Retail Market Size, by Provider, 2018 - 2030 (USD Billion)
Figure 13  Global Blockchain in Retail Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 14  Global Blockchain in Retail Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 15  North America Blockchain in Retail Market Highlight
Figure 16  North America Blockchain in Retail Market Size, by Provider, 2018 - 2030 (USD Billion)
Figure 17  North America Blockchain in Retail Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 18  North America Blockchain in Retail Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 19  Europe Blockchain in Retail Market Highlight
Figure 20  Europe Blockchain in Retail Market Size, by Provider, 2018 - 2030 (USD Billion)
Figure 21  Europe Blockchain in Retail Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 22  Europe Blockchain in Retail Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 23  Asia-Pacific Blockchain in Retail Market Highlight
Figure 24  Asia-Pacific Blockchain in Retail Market Size, by Provider, 2018 - 2030 (USD Billion)
Figure 25  Asia-Pacific Blockchain in Retail Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 26  Asia-Pacific Blockchain in Retail Market Size, by Country, 2018 - 2030 (USD Billion)
Figure 27  RoW Blockchain in Retail Market Highlight
Figure 28  RoW Blockchain in Retail Market Size, by Provider, 2018 - 2030 (USD Billion)
Figure 29  RoW Blockchain in Retail Market Size, by Application, 2018 - 2030 (USD Billion)
Figure 30  RoW Blockchain in Retail Market Size, by Country, 2018 - 2030 (USD Billion)