IMARC Group’s report titled “Blockchain in Retail Market Report by Component (Platform/Solutions, Services), Type (Public Blockchain, Private Blockchain, Consortium Blockchain), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), Application (Supply Chain Management, Food Safety Management, Customer Data Management, Identity Management, Compliance Management, and Others), and Region 2025-2033”. The global blockchain in retail market size reached USD 825.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 26,190.1 Million by 2033, exhibiting a growth rate (CAGR) of 41.3% during 2025-2033.
Factors Affecting the Growth of the Blockchain in Retail Industry:
● Enhanced Supply Chain Transparency:
Blockchain technology makes supply chains more transparent. It creates a secure, shared record of transactions and product movements. Everyone, from manufacturers to consumers, can verify a product’s journey. This transparency helps prevent fraud, like counterfeiting, and builds trust between consumers and retailers. Moreover, it eliminates middlemen and reduces the need for manual records. This increases efficiency and lowers costs.
● Cost Reduction:
Using blockchain technology in retail cuts costs significantly. It streamlines operations and reduces the need for middlemen. Blockchain automates many tasks, lowering paperwork and speeding up transactions. This cuts labor costs and reduces costly mistakes. It also lowers transaction fees by eliminating the need for banks and payment processors. Furthermore, blockchain minimizes fraud and ensures product authenticity, reducing losses from counterfeit goods.
● Better Inventory Management:
Blockchain improves inventory management with real-time tracking across the supply chain. Retailers can then accurately monitor stock, better predict demand, and avoid overstocking or stockouts. Smart contracts automate reorders when stock is low, cutting manual work and errors, thus boosting efficiency. This better management lowers holding costs and improves cash flow.
Grab a sample PDF of this report: https://www.imarcgroup.com/blockchain-in-retail-market/requestsample
Leading Companies Operating in the Global Blockchain in Retail Industry:
- Amazon Web Services Inc. (Amazon.com Inc.)
- Auxesis Services & Technologies (P) Ltd
- Cognizant
- Infosys Limited
- International Business Machines Corporation
- Oracle Corporation
- Reply
- SAP SE
- Sofocle Technologies Pvt. Ltd.
- Tata Consultancy Services Limited (Tata Group)
Blockchain in Retail Market Report Segmentation:
By Component:
- Platform/Solutions
- Services
Platform/solutions represent the largest segment as there is a rise in the need for scalable, reliable, and customizable solutions.
By Type:
- Public Blockchain
- Private Blockchain
- Consortium Blockchain
Private blockchain holds the biggest market share due to its ability to offer a higher level of security and control.
By Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
Large Enterprises account for the largest market share, driven by the increasing need for solutions that can handle high volumes without compromising on data integrity.
By Application:
- Supply Chain Management
- Food Safety Management
- Customer Data Management
- Identity Management
- Compliance Management
- Others
On the basis of the application, the market has been divided into supply chain management, food safety management, customer data management, identity management, compliance management, and others.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys a leading position in the blockchain in retail market on account of the well-established technology infrastructure.
Global Blockchain in Retail Market Trends:
Blockchain boosts data security and prevents fraud in retail. Each transaction is encrypted and linked, making data tampering nearly impossible. This ensures records are reliable. Retailers can verify identities using blockchain, limiting data access to authorized people and reducing fraud risk.
Moreover, blockchain makes following regulations easier with clear records. It also protects data and ensures compliance with regulations.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145
