Global Blockchain in Retail
Market Report
2025
The global blockchain in retail market size is USD 206.9 billion in 2024. The global blockchain in retail will show strongest growth with a compound annual growth rate (CAGR) of 43.7% from 2024 to 2031 due to increasing demand for transparency and traceability in supply chain processes.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Blockchain in Retail Market Sales Revenue 2024 | $ 206.9 |
Global Blockchain in Retail Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 43.7% |
Market Drivers: | |
Market Restrains:
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Market Split by Component |
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Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Blockchain in Retail industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Blockchain in Retail Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Blockchain in retail refers to the integration of blockchain technology into retail operations to enhance transparency, security, and efficiency. It involves the use of decentralized ledgers to manage supply chains, ensure product authenticity, safeguard customer data, and streamline transactions. The market for blockchain in retail is experiencing robust growth due to increasing demand for transparency in supply chain processes, the need for efficient data management, and the rising adoption of digital payment systems. The surge in e-commerce and the necessity to combat counterfeiting further drive market expansion. As retailers seek innovative solutions to enhance customer trust and operational efficiency, blockchain technology is poised to play a pivotal role in transforming the retail landscape.
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In February 2023, e-commerce giant Flipkart and blockchain platform Polygon formed a strategic partnership to establish a Blockchain-eCommerce Centre of Excellence (CoE). This CoE aims to focus on research and development of Web3 and metaverse commerce applications in India, with the goal of accelerating the adoption of Web3 technologies. (Source:https://www.moneycontrol.com/news/business/startup/flipkart-partners-with-polygon-to-to-set-up-a-blockchain-ecommerce-centre-of-excellence-9639261.html)
Top Companies Market Share in Blockchain in Retail Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America is projected to dominate the blockchain in retail market in 2024. This dominance is driven by the high adoption rate of advanced technologies, strong presence of key market players, and substantial investment in blockchain innovations. The region's robust retail infrastructure, coupled with increasing awareness of blockchain benefits, further solidifies its leading position. Companies in the U.S. and Canada are leveraging blockchain for supply chain transparency, customer data management, and fraud prevention, contributing to the market's growth.
The Asia-Pacific region is expected to expand at the fastest compound annual growth rate (CAGR) in the blockchain in retail market. This rapid growth is attributed to the region's dynamic retail sector, increasing digitalization, and supportive government policies promoting blockchain technology. Countries like China, India, and Japan are investing heavily in blockchain projects to enhance supply chain efficiency and customer experience. The burgeoning e-commerce industry and rising demand for secure transaction methods also fuel the accelerated adoption of blockchain in retail across the region.
The current report Scope analyzes Blockchain in Retail Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Blockchain in Retail Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Blockchain in Retail Industry growth. Blockchain in Retail market has been segmented with the help of its Component, Type Application, and others. Blockchain in Retail market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Blockchain in Retail market.
Component of Blockchain in Retail analyzed in this report are as follows:
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According to cognitive market research, the dominant type in the blockchain in retail market is the Private Blockchain. Private blockchains are favored due to their controlled access and enhanced security, making them ideal for retail applications that require high levels of confidentiality and speed. Unlike public blockchains, private blockchains limit participation to authorized entities, ensuring that sensitive transaction data remains protected within a trusted network. This controlled environment allows for faster transaction processing and greater scalability, crucial for retail operations involving large volumes of transactions and complex supply chains. Additionally, the ability to customize governance and consensus mechanisms in private blockchains provides retailers with greater flexibility to meet specific business requirements and regulatory standards.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
The Global Blockchain in Retail Market is witnessing significant growth in the near future.
In 2023, the Platform/ Solutions segment accounted for noticeable share of global Blockchain in Retail Market and is projected to experience significant growth in the near future.
The Public Blockchain segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies IBM Corporation (New York, Oracle Corporation (Texas and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Platform/ Solutions, Services |
Type | Public Blockchain, Private Blockchain, Consortium Blockchain |
Application | Supply Chain Management, Food Safety Management, Customer Data Management, Identity Management, Compliance Management, Billing Transaction Processing, Others |
List of Competitors | IBM Corporation (New York, U.S.), Oracle Corporation (Texas, U.S.), Accenture Plc (Dublin, Ireland), Tata Consultancy Services (Maharashtra, India), Amazon Web Services, Inc. (Washington, U.S.), Cisco Systems Inc. (California, U.S.), Auxesis Services and Technologies (P) Ltd. (Mumbai, India), Guardtime (Lausanne, Switzerland), Sofocle Technologies (Uttar Pradesh, India), Capgemini SE (Paris, France) |
This chapter will help you gain GLOBAL Market Analysis of Blockchain in Retail. Further deep in this chapter, you will be able to review Global Blockchain in Retail Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Blockchain in Retail. Further deep in this chapter, you will be able to review North America Blockchain in Retail Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Blockchain in Retail. Further deep in this chapter, you will be able to review Europe Blockchain in Retail Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Blockchain in Retail. Further deep in this chapter, you will be able to review Asia Pacific Blockchain in Retail Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Blockchain in Retail. Further deep in this chapter, you will be able to review South America Blockchain in Retail Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Blockchain in Retail. Further deep in this chapter, you will be able to review Middle East and Africa Blockchain in Retail Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Blockchain in Retail. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Blockchain in Retail market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Platform/ Solutions have a significant impact on Blockchain in Retail market? |
What are the key factors affecting the Platform/ Solutions and Services of Blockchain in Retail Market? |
What is the CAGR/Growth Rate of Public Blockchain during the forecast period? |
By type, which segment accounted for largest share of the global Blockchain in Retail Market? |
Which region is expected to dominate the global Blockchain in Retail Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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