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Blockchain in Retail Market Overview

Blockchain in Retail market was valued at USD 614.9 million in 2023 and is expected to reach USD 83767.84 million by the year 2032, at a CAGR of 72.64%.

A blockchain in retail is a system that encourages more trustworthy and authentic interactions between the company and the customer. The main advantage of this system is that it promotes loyalty and thorough transparency.

Blockchain in retail collaborates with current systems to provide real-time data that enables a better understanding of the customers and easy transactions. blockchain in retail provides facilities like real-time delivery and services in record time for the retailers.  

According to the analyst, the main factors that are driving the growth of the blockchain in retail market are the increasing adoption of blockchain-as-a-service and smart contract services in the retailers. Also, the growing use of technology and supply chain management in the retailers in the management industry is also one of the few drivers of the blockchain in retail market.

By the end of 2028, the Blockchain in Retail market size is estimated to be at USD 9130.26 million. The major factor that is driving the market is the urgency for simplified business processes.  

The Blockchain in Retail market is segmented by Providers (Application Provider, Middleware Provider, and Infrastructure Provider), by Component (Platform and Services), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Application (Compliance Management, Identity Management, Automated Customer Service, Payments & Smart Contracts, Supply Chain Management and Others). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.

Impact of COVID-19 on Blockchain in Retail Market

As the pandemic hit the globe, the rise of online retailers increased due to the presence of major companies in blockchain in retail market and the organizations more secured and precautious of the company's revenue. With the emergence of the e-commerce industry and the retailers now more inclined towards digitalizing the blockchain in retail market, the growth in the lockdown period for the blockchain in retail market is flourishing across the globe. The introspective market research provides a more detailed analysis and impact of COVID-19 in the blockchain in retail report. 

Market Segmentation

Component Insights:

By component, blockchain in retail market is segmented into Platform and Service. The Platform segment has accounted for the highest CAGR in the market of 72.32% with a market share of 56.19% and an estimated market size of USD 1704.07 million in the year 2026.

The growth of the platform component is mainly because of the growth in the adoption of blockchain software among retailers due to the urgency for the safe and secure transmission of data across the supply chain. Also, the easy accessibility and availability of cost-effective solutions is also the key factor driving the demand for blockchain platforms across numerous retailers. Further, the services segment is expected to exhibit the highest growth rate throughout the blockchain in retail forecast period.

Applications Insights:

The segments smart contracts dominate the blockchain in retail market with a market share of 29.36% and a CAGR of 72.39% with estimated market size of USD 893.74 million in the year 2026. The segment Automated Customer Services is the second largest segment followed by supply chain management with a CAGR of 76.45% and 75.80% respectively.

Regional Insights:

Blockchain in Retail market is growing rapidly in the North-America and Asia-Pacific region equally. North-America region is accounted for the largest blockchain in retail market share across the globe with a CAGR of 72.36% and a market size of USD 27.18 million in the year 2019. But in the forecast period, due to the high demand from the regions like China, Japan, Australia, and India, Asia-Pacific is expected to continue the growth of blockchain in retail market with the highest CAGR of 72.39% and estimated market size of USD 916.87 million in the year 2026.

Major Key Players Considered in the Market

  • IBM
  • SAP
  • Microsoft
  • Oracle
  • AWS
  • Bitfury
  • Auxesis Group
  • Cegeka
  • BTL
  • Guardtime
  • Coin Base
  • Loyyal
  • Sofocle
  • BigChainDB
  • RecordsKeeper
  • BitPay
  • Abra
  • Reply
  • Provenance
  • ModulTrade
  • Blockverify
  • OGYDocs
  • Warranteer
  • Amazon Web Services Inc.
  • Capgemini SE
  • Accenture PLC
  • Cognizant Technology Solutions Corp.
  • Blockchain Foundary, and other major players.

Salient Features of the Blockchain in Retail Market

Blockchain in Retail market was valued at USD 206.55 million in 2021 and is expected to reach USD 9402.73 million by the year 2028, at a CAGR of 72.54%.

  • The increased adoption in the blockchain in retail supply management and smart contract services is increasing the blockchain in retail market.
  • Different multinational retail and supply chain management corporations are introducing and using blockchain in retail technologies across multiple business processes to reduce the costs of verification, execution, arbitration, and to prevent fraud.
  • The provider segment is sub-segmented into application provider, middleware provider, and infrastructure provider. Among these, the application provider is the fastest-growing segment with the highest CAGR across the globe.

Key Industry Development in the Blockchain in Retail Market:

  • In Feb 2023, E-commerce giant Flipkart and blockchain platform Polygon announced a strategic partnership to establish a Blockchain-eCommerce Centre of Excellence (CoE). The CoE focused on the research and development of Web3 and metaverse commerce use cases in India, aiming to accelerate the adoption of Web3 technology. This collaboration marked a significant step towards transforming the future of digital commerce in the country.
  • In January 2023, Lowe's announced the successful development of Project Unlock, a new solution created by its Innovation Labs division to combat retail theft. This cutting-edge technology combined IoT sensors and low-cost RFID chips to activate power tools at the point of purchase. Additionally, it created a secure, anonymized, and publicly accessible record of legitimate purchases on the blockchain, providing a ground-breaking approach to enhancing retail security without disrupting the customer experience.

Global Blockchain in Retail Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 614.09 Mn.

Forecast Period 2022-28 CAGR:

72.64%

Market Size in 2032:

USD 83767.84 Mn.

 

By Provider

  • Application Providers
  • Middleware Provider
  • Infrastructure Provider

Segments Covered:

By Application

  • Compliance Management
  • Identity Management
  • Automated Customer Service
  • Payments & Smart Contracts
  • Supply Chain Management
  • Others

By Component

  • Platform
  • Services

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increase in the demand from logistics, and supply chain for blockchain in retail sector

Key Market Restraints:

  • High upfront investment cost

Key Opportunities:

  • The developing retail infrastructure
  • Growing investment in retail sector by governments for blockchain technology

Companies Covered in the report:

  • IBM, SAP, Microsoft, Oracle, AWS, Bitfury, and other major players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Provider
ā€ƒ3.2 By Component
ā€ƒ3.3 By Application

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: Blockchain in Retail Market by Provider
ā€ƒ5.1 Blockchain in Retail Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Blockchain in Retail Market Overview
ā€ƒ5.3 Application Providers
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Application Providers: Grographic Segmentation
ā€ƒ5.4 Middleware Provider
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Middleware Provider: Grographic Segmentation
ā€ƒ5.5 Infrastructure Provider
ā€ƒā€ƒ5.5.1 Introduction and Market Overview
ā€ƒā€ƒ5.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.5.4 Infrastructure Provider: Grographic Segmentation

Chapter 6: Blockchain in Retail Market by Component
ā€ƒ6.1 Blockchain in Retail Market Overview Snapshot and Growth Engine
ā€ƒ6.2 Blockchain in Retail Market Overview
ā€ƒ6.3 Platform
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Platform: Grographic Segmentation
ā€ƒ6.4 Services
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 Services: Grographic Segmentation

Chapter 7: Blockchain in Retail Market by Application
ā€ƒ7.1 Blockchain in Retail Market Overview Snapshot and Growth Engine
ā€ƒ7.2 Blockchain in Retail Market Overview
ā€ƒ7.3 Compliance Management
ā€ƒā€ƒ7.3.1 Introduction and Market Overview
ā€ƒā€ƒ7.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.3.4 Compliance Management: Grographic Segmentation
ā€ƒ7.4 Identity Management
ā€ƒā€ƒ7.4.1 Introduction and Market Overview
ā€ƒā€ƒ7.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.4.4 Identity Management: Grographic Segmentation
ā€ƒ7.5 Automated Customer Service
ā€ƒā€ƒ7.5.1 Introduction and Market Overview
ā€ƒā€ƒ7.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.5.4 Automated Customer Service: Grographic Segmentation
ā€ƒ7.6 Payments & Smart Contracts
ā€ƒā€ƒ7.6.1 Introduction and Market Overview
ā€ƒā€ƒ7.6.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.6.4 Payments & Smart Contracts: Grographic Segmentation
ā€ƒ7.7 Supply Chain Management
ā€ƒā€ƒ7.7.1 Introduction and Market Overview
ā€ƒā€ƒ7.7.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.7.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.7.4 Supply Chain Management: Grographic Segmentation
ā€ƒ7.8 Others
ā€ƒā€ƒ7.8.1 Introduction and Market Overview
ā€ƒā€ƒ7.8.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ7.8.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.8.4 Others: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
ā€ƒ8.1 Competitive Landscape
ā€ƒā€ƒ8.1.1 Competitive Positioning
ā€ƒā€ƒ8.1.2 Blockchain in Retail Sales and Market Share By Players
ā€ƒā€ƒ8.1.3 Industry BCG Matrix
ā€ƒā€ƒ8.1.4 Ansoff Matrix
ā€ƒā€ƒ8.1.5 Blockchain in Retail Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ8.1.6 Top 5 Blockchain in Retail Players Market Share
ā€ƒā€ƒ8.1.7 Mergers and Acquisitions
ā€ƒā€ƒ8.1.8 Business Strategies By Top Players
ā€ƒ8.2 IBM
ā€ƒā€ƒ8.2.1 Company Overview
ā€ƒā€ƒ8.2.2 Key Executives
ā€ƒā€ƒ8.2.3 Company Snapshot
ā€ƒā€ƒ8.2.4 Operating Business Segments
ā€ƒā€ƒ8.2.5 Product Portfolio
ā€ƒā€ƒ8.2.6 Business Performance
ā€ƒā€ƒ8.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ8.2.8 SWOT Analysis
ā€ƒ8.3 SAP
ā€ƒ8.4 MICROSOFT
ā€ƒ8.5 ORACLE
ā€ƒ8.6 AWS
ā€ƒ8.7 BITFURY
ā€ƒ8.8 AUXESIS GROUP
ā€ƒ8.9 CEGEKA
ā€ƒ8.10 BTL
ā€ƒ8.11 GUARDTIME
ā€ƒ8.12 COIN BASE
ā€ƒ8.13 LOYYAL
ā€ƒ8.14 SOFOCLE
ā€ƒ8.15 BIGCHAINDB
ā€ƒ8.16 RECORDSKEEPER
ā€ƒ8.17 BITPAY
ā€ƒ8.18 ABRA
ā€ƒ8.19 REPLY
ā€ƒ8.20 PROVENANCE
ā€ƒ8.21 MODULTRADE
ā€ƒ8.22 BLOCKVERIFY
ā€ƒ8.23 OGYDOCS
ā€ƒ8.24 WARRANTEER
ā€ƒ8.25 AMAZON WEB SERVICES INC.
ā€ƒ8.26 CAPGEMINI SE
ā€ƒ8.27 ACCENTURE PLC
ā€ƒ8.28 COGNIZANT TECHNOLOGY SOLUTIONS CORP.
ā€ƒ8.29 BLOCKCHAIN FOUNDARY
ā€ƒ8.30 OTHER MAJOR PLAYERS

Chapter 9: Global Blockchain in Retail Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ9.1 Market Overview
ā€ƒ9.2 Historic and Forecasted Market Size By Provider
ā€ƒā€ƒ9.2.1 Application Providers
ā€ƒā€ƒ9.2.2 Middleware Provider
ā€ƒā€ƒ9.2.3 Infrastructure Provider
ā€ƒ9.3 Historic and Forecasted Market Size By Component
ā€ƒā€ƒ9.3.1 Platform
ā€ƒā€ƒ9.3.2 Services
ā€ƒ9.4 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ9.4.1 Compliance Management
ā€ƒā€ƒ9.4.2 Identity Management
ā€ƒā€ƒ9.4.3 Automated Customer Service
ā€ƒā€ƒ9.4.4 Payments & Smart Contracts
ā€ƒā€ƒ9.4.5 Supply Chain Management
ā€ƒā€ƒ9.4.6 Others

Chapter 10: North America Blockchain in Retail Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Provider
ā€ƒā€ƒ10.4.1 Application Providers
ā€ƒā€ƒ10.4.2 Middleware Provider
ā€ƒā€ƒ10.4.3 Infrastructure Provider
ā€ƒ10.5 Historic and Forecasted Market Size By Component
ā€ƒā€ƒ10.5.1 Platform
ā€ƒā€ƒ10.5.2 Services
ā€ƒ10.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ10.6.1 Compliance Management
ā€ƒā€ƒ10.6.2 Identity Management
ā€ƒā€ƒ10.6.3 Automated Customer Service
ā€ƒā€ƒ10.6.4 Payments & Smart Contracts
ā€ƒā€ƒ10.6.5 Supply Chain Management
ā€ƒā€ƒ10.6.6 Others
ā€ƒ10.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.7.1 U.S.
ā€ƒā€ƒ10.7.2 Canada
ā€ƒā€ƒ10.7.3 Mexico

Chapter 11: Europe Blockchain in Retail Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Provider
ā€ƒā€ƒ11.4.1 Application Providers
ā€ƒā€ƒ11.4.2 Middleware Provider
ā€ƒā€ƒ11.4.3 Infrastructure Provider
ā€ƒ11.5 Historic and Forecasted Market Size By Component
ā€ƒā€ƒ11.5.1 Platform
ā€ƒā€ƒ11.5.2 Services
ā€ƒ11.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ11.6.1 Compliance Management
ā€ƒā€ƒ11.6.2 Identity Management
ā€ƒā€ƒ11.6.3 Automated Customer Service
ā€ƒā€ƒ11.6.4 Payments & Smart Contracts
ā€ƒā€ƒ11.6.5 Supply Chain Management
ā€ƒā€ƒ11.6.6 Others
ā€ƒ11.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.7.1 Germany
ā€ƒā€ƒ11.7.2 U.K.
ā€ƒā€ƒ11.7.3 France
ā€ƒā€ƒ11.7.4 Italy
ā€ƒā€ƒ11.7.5 Russia
ā€ƒā€ƒ11.7.6 Spain
ā€ƒā€ƒ11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Blockchain in Retail Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Provider
ā€ƒā€ƒ12.4.1 Application Providers
ā€ƒā€ƒ12.4.2 Middleware Provider
ā€ƒā€ƒ12.4.3 Infrastructure Provider
ā€ƒ12.5 Historic and Forecasted Market Size By Component
ā€ƒā€ƒ12.5.1 Platform
ā€ƒā€ƒ12.5.2 Services
ā€ƒ12.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ12.6.1 Compliance Management
ā€ƒā€ƒ12.6.2 Identity Management
ā€ƒā€ƒ12.6.3 Automated Customer Service
ā€ƒā€ƒ12.6.4 Payments & Smart Contracts
ā€ƒā€ƒ12.6.5 Supply Chain Management
ā€ƒā€ƒ12.6.6 Others
ā€ƒ12.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.7.1 China
ā€ƒā€ƒ12.7.2 India
ā€ƒā€ƒ12.7.3 Japan
ā€ƒā€ƒ12.7.4 Singapore
ā€ƒā€ƒ12.7.5 Australia
ā€ƒā€ƒ12.7.6 New Zealand
ā€ƒā€ƒ12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Blockchain in Retail Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Provider
ā€ƒā€ƒ13.4.1 Application Providers
ā€ƒā€ƒ13.4.2 Middleware Provider
ā€ƒā€ƒ13.4.3 Infrastructure Provider
ā€ƒ13.5 Historic and Forecasted Market Size By Component
ā€ƒā€ƒ13.5.1 Platform
ā€ƒā€ƒ13.5.2 Services
ā€ƒ13.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ13.6.1 Compliance Management
ā€ƒā€ƒ13.6.2 Identity Management
ā€ƒā€ƒ13.6.3 Automated Customer Service
ā€ƒā€ƒ13.6.4 Payments & Smart Contracts
ā€ƒā€ƒ13.6.5 Supply Chain Management
ā€ƒā€ƒ13.6.6 Others
ā€ƒ13.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.7.1 Turkey
ā€ƒā€ƒ13.7.2 Saudi Arabia
ā€ƒā€ƒ13.7.3 Iran
ā€ƒā€ƒ13.7.4 UAE
ā€ƒā€ƒ13.7.5 Africa
ā€ƒā€ƒ13.7.6 Rest of MEA

Chapter 14: South America Blockchain in Retail Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ14.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.2 Impact of Covid-19
ā€ƒ14.3 Key Players
ā€ƒ14.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.4 Historic and Forecasted Market Size By Provider
ā€ƒā€ƒ14.4.1 Application Providers
ā€ƒā€ƒ14.4.2 Middleware Provider
ā€ƒā€ƒ14.4.3 Infrastructure Provider
ā€ƒ14.5 Historic and Forecasted Market Size By Component
ā€ƒā€ƒ14.5.1 Platform
ā€ƒā€ƒ14.5.2 Services
ā€ƒ14.6 Historic and Forecasted Market Size By Application
ā€ƒā€ƒ14.6.1 Compliance Management
ā€ƒā€ƒ14.6.2 Identity Management
ā€ƒā€ƒ14.6.3 Automated Customer Service
ā€ƒā€ƒ14.6.4 Payments & Smart Contracts
ā€ƒā€ƒ14.6.5 Supply Chain Management
ā€ƒā€ƒ14.6.6 Others
ā€ƒ14.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ14.7.1 Brazil
ā€ƒā€ƒ14.7.2 Argentina
ā€ƒā€ƒ14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Blockchain in Retail Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 614.09 Mn.

Forecast Period 2022-28 CAGR:

72.64%

Market Size in 2032:

USD 83767.84 Mn.

 

By Provider

  • Application Providers
  • Middleware Provider
  • Infrastructure Provider

Segments Covered:

By Application

  • Compliance Management
  • Identity Management
  • Automated Customer Service
  • Payments & Smart Contracts
  • Supply Chain Management
  • Others

By Component

  • Platform
  • Services

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increase in the demand from logistics, and supply chain for blockchain in retail sector

Key Market Restraints:

  • High upfront investment cost

Key Opportunities:

  • The developing retail infrastructure
  • Growing investment in retail sector by governments for blockchain technology

Companies Covered in the report:

  • IBM, SAP, Microsoft, Oracle, AWS, Bitfury, and other major players.
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Frequently Asked Questions :

What would be the forecast period in the Blockchain in Retail Market research report?

The forecast period in the Blockchain in Retail Market research report is 2024-2032.

Who are the key players in Blockchain in Retail Market?

IBM, SAP, Microsoft, Oracle, AWS, Bitfury, and other major players.

What are the segments of the Blockchain in Retail Market?

The Blockchain in Retail Market is segmented into Provider, Application, Component, and Region. By Provider, the market is categorized into Application Providers, Middleware Provider, and Infrastructure Provider. By Application, the market is categorized into Compliance Management, Identity Management, Automated Customer Service, Payments & Smart Contracts, Supply Chain Management, and Others. By Component, the market is categorized into Platform, and Services. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Blockchain in Retail Market?

Retail Within the retail sector, blockchain is the generic word for disruptive technology that captures digital transactions cryptographically on a distributed ledger. Businesses benefit from blockchain technology in four ways: reduced costs, faster payments, increased transparency, and improved security.

How big is the Blockchain in Retail Market?

Blockchain in Retail market was valued at USD 614.9 million in 2023 and is expected to reach USD 83767.84 million by the year 2032, at a CAGR of 72.64%.