Market Overview

According to fortune business insights, the global blockchain in retail market size was valued at USD 1.11 billion in 2025. The market is projected to grow from USD 1.71 billion in 2026 to USD 54.09 billion by 2034, exhibiting a CAGR of 54.02% during the forecast period. North America dominated the global market with a share of 49.76% in 2025.

The analysis shows that companies are investing in blockchain technology to provide better traceability and transparency. For example, in July 2019, OpenSC partnered with Nestle Group to develop a distributed ledger technology system to enhance product tracking. This trend indicates a strong demand for blockchain solutions to improve supply chain integrity and build consumer trust.

Major Players Profiled in the Market Report:

• 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)

Segments

Rising Demand for Turnkey Solutions to Propel Platform/Solutions Segment Growth

Based on component, the market is categorized into platform/solutions and services. The platform/solutions segment holds the largest market share, driven by the increasing demand for ready-to-deploy blockchain applications that offer real-time, interactive experiences, often integrated with AI and IoT.

Increased Security and Control to Drive Private Blockchain Segment Expansion

By type, the market is categorized into public, private, and consortium blockchain. The private blockchain segment is leading the market as it offers retailers greater control, security, and lower transactional fees compared to public alternatives, making it ideal for internal and supply chain operations.

Rising Need for Transparency to Reinforce Dominance of Supply Chain Management