"Smart Strategies, Giving Speed to your Growth Trajectory"

Blockchain in Retail Market Size, Share & Industry Analysis, By Component (Platform, Services), By Provider (Application and solution provider, Middleware provider Infrastructure, Protocol Provider), By Organization Size (Large Enterprises, Small & Medium Enterprises) Others and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI102092 | Status : Ongoing



The blockchain market is rapidly flourishing owing to the advancements in digital technologies. Blockchain applications are increasingly being tested and used in the retail industry. For instance, Walmart stores are leveraging blockchain to streamline the supply chain, store records, and speed up payments. Blockchain stores its data in the form of sequential blocks, where each block carries the references of the previous block.

Among the major use cases of blockchain in retail include supply chain monitoring, loyalty programs, shipping traceability, and others. Traceability is one of the flagship use cases of blockchain involving a varied supply chain to create transparency across the working process.

Blockchain in retail offers a range of benefits such as the faster movement of goods, advancement in supply chain visibility and predictability, and reduced end-user costs. In the retail industry, consumer trust can be enhanced by verifying the creditability and authenticity of the products. Retailers leveraging blockchain to verify the originality of the products are expected to see a competitive advantage in the market.

Key Market Driver -

• Increasing adoption of blockchain-as-a-service and smart contract services • Increasing demand for simplified business processes.

Key Market Restraint -

• Lack of understanding of blockchain technology in the retail industry.

Apart from this, fraud prevention, management of loyalty points, compliance of consumer data, and others are some of the growing trends of blockchain in the retail market. Also, inventory tracking, enforcing labor rights management, automating staff timings, and back-office administration are some of the emerging market trends.

Retailers recognize blockchain transformative capabilities to streamline operations, collaborating supply chains, and ensuring improved product authenticity. However, some of the retailers are still working on harnessing the potential benefits of blockchain in retail. For instance, Amazon introduced Amazon Managed Blockchain as a service. Amazon Managed Blockchain as a service helps to create and manage scalable blockchain networks by using an open-source network. Though, a lack of knowledge about the benefits and applications of blockchain in the retail sector is likely to restrict the market growth.

Key Players Covered:

Key Players in the global blockchain in retail market include SAP SE, IBM Corporation, Oracle Corporation, Microsoft Corp., Amazon Web Services, Inc., Capgemini SE, Accenture PLC, Cognizant Technology Solutions Corp., and Others.

Regional Analysis:

North America is expected to dominate the global blockchain in retail market. The U.S. is likely to hold a major revenue share in the market as it one of the major e-commerce markets. Also, the significant presence of major e-commerce companies, including Amazon, Walmart, and eBay in the U.S. is expected to increase the adoption of blockchain in retail market. As blockchain has the potential to transform the business process, the organizations are likely to make substantial investments in the market.

Asia pacific would ensure to exhibit the highest CAGR during the forecast period. Blockchain is creating lucrative market opportunities in Asia Pacific through a combination of disruptive technologies. Additionally, the government in the region are facilitating blockchain solutions as a key factor to drive digital innovations. Moreover, the international players are leveraging their research and development strengths to explore the technology market in Asia Pacific. This is likely to drive the market growth across the region.

To gain extensive insights into the market, Request for Customization

The growing number of vendors offering blockchain services is one of the primary drivers leading towards the adoption of the blockchain services in Europe. However, privacy and security concerns restrict the market in the region. The European business decision-makers are also considering blockchain as a strategic imperative technology. Latin America is estimated to have moderate growth for blockchain services in retail industry. Whereas, the Middle East and Africa region is expected to have steady growth during the forecast period.




By Component

  • Platform

  • Services

By Provider

  • Application and solution provider

  • Middleware provider Infrastructure

  • Protocol Provider

By Organization Size

  • Large Enterprises

  • Small & Medium Enterprises

By Geography

  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

Key Industry Developments

  • April 2019 - AWS announced the availability of Amazon Managed Blockchain. Amazon Managed Blockchain is an entirely managed service that makes it feasible to manage blockchain networks. It also supports thousands of applications and transactions by leveraging open-source platforms such as Hyperledger Fabric. 

  • February 2019 –  Accenture introduced a circular supply chain management capability. These capabilities leverage payments, digital identity, and blockchain to reward sustainable practices of small scale suppliers. Also, Accenture announced a collaboration with Amazon Web Services, Everledger, Mastercard and Mercy Corps to improve fairness and sustainability of global supply chains.

Block chain in Retail  Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Bain & Company

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.