Global Blockchain in Retail Market Size study & Forecast, by Component (Platform/Solutions and Services), by Type (Public Blockchain, Private Blockchain and Consortium Blockchain), by Application (Customer Data Management, Identity Management, Compliance

The Global Blockchain in Retail Market is valued at approximately USD 0.88 billion in 2024 and is anticipated to expand at an exponential CAGR of more than 91.67% during the forecast period 2025-2035. Blockchain in retail signifies a transformative shift in how the industry handles transparency, supply chain optimization, transaction security, and customer engagement. Acting as a decentralized ledger, blockchain ensures immutability and traceability, which provides retailers with greater efficiency, enhanced fraud prevention, and improved trust with consumers. The retail industry is embracing blockchain to streamline inventory management, ensure authenticity of products, and facilitate seamless cross-border payments. Furthermore, the market’s expansion is propelled by rapid digitization across retail chains, mounting consumer concerns over data privacy, and the strategic drive of enterprises to harness blockchain as a competitive differentiator.

The surge in adoption of blockchain solutions across retail ecosystems has fueled the demand for secure, decentralized platforms that can seamlessly manage large-scale transactions and safeguard sensitive data. Retailers are increasingly leveraging blockchain to mitigate counterfeiting risks, automate compliance management, and enable faster payment settlements. For instance, blockchain-based smart contracts are being adopted to eliminate intermediaries and reduce transaction costs. According to industry reports, global retail e-commerce sales surpassed USD 5.8 trillion in 2023 and are projected to cross USD 8 trillion by 2027, creating a fertile ground for blockchain applications. However, challenges such as high implementation costs, regulatory uncertainties, and scalability concerns continue to pose hurdles, though ongoing technological innovation and collaboration between retailers and blockchain providers are expected to mitigate these barriers.

The detailed segments and sub-segments included in the report are:

By Component:
• Platform/Solutions
• Services

By Type:
• Public Blockchain
• Private Blockchain
• Consortium Blockchain

By Application:
• Customer Data Management
• Identity Management
• Compliance Management
• Billing & Transaction Processing

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Platform/Solutions Segment is Expected to Dominate the Market

Among the components, the platform/solutions segment is projected to dominate the Blockchain in Retail market during the forecast period. Retailers are increasingly turning to blockchain platforms to deploy large-scale solutions that ensure data integrity, supply chain transparency, and consumer trust. These platforms are becoming indispensable for combating counterfeit goods, authenticating product origins, and reducing operational inefficiencies. While services such as consulting and integration are gaining traction, particularly among enterprises new to blockchain adoption, platforms remain the backbone, delivering scalable infrastructure that enables retailers to digitize their ecosystems seamlessly. Thus, solutions hold the lion’s share today, though services are expected to play a growing role as adoption deepens.

Public Blockchain Leads in Revenue Contribution

When analyzed by type, public blockchain is expected to lead the market revenue in 2025, fueled by its open accessibility, cost efficiency, and the ability to facilitate cross-border retail transactions without intermediaries. Public blockchains, like Ethereum and Bitcoin networks, offer retailers transparency and inclusiveness that enhance customer trust. On the other hand, private blockchains are gaining momentum for sensitive enterprise-level operations, offering greater security and control, while consortium blockchains provide collaborative opportunities among industry stakeholders. Nevertheless, public blockchain continues to dominate revenue share, as global retailers increasingly experiment with decentralized ecosystems for payments, loyalty programs, and supply chain management.

The key regions considered for the Global Blockchain in Retail Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America currently commands the largest market share, thanks to its robust technological infrastructure, strong presence of leading blockchain solution providers, and widespread adoption by major retailers. The U.S. market is a frontrunner in deploying blockchain for both back-end operations and customer-facing applications such as secure payments and loyalty management. Meanwhile, Asia Pacific is anticipated to grow at the fastest pace, driven by rapid retail digitization, expansion of e-commerce platforms, and strong governmental support for blockchain adoption in countries like China, India, and Singapore. Europe continues to advance blockchain initiatives in compliance and identity management, while Latin America and the Middle East are gradually integrating blockchain to strengthen retail payments and combat counterfeit supply chains.

Major market players included in this report are:
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Amazon Web Services (AWS)
• SAP SE
• Accenture Plc
• Intel Corporation
• Cisco Systems Inc.
• Infosys Limited
• Capgemini SE
• Deloitte Touche Tohmatsu Limited
• Hewlett Packard Enterprise (HPE)
• Tata Consultancy Services (TCS)
• Wipro Limited
• Huawei Technologies Co., Ltd.

Global Blockchain in Retail Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market. Show more