GCC Blockchain in Retail Market

ID: MRFR/ICT/57402-HCR

200 Pages

Aarti Dhapte

September 2025

GCC Blockchain in Retail Market Research Report By Type (Public, Private, Consortium), By Platform (Bitcoin, Ripple, Ethereum, R3 Corda, Hyperledger Fabric, Multichain, Quorum, Others), By Organization Size (Large Enterprises, SMEs) and By Application (Compliance Management, Database Management, Auditing, Payment Management, Inventory Management, Loyalty And Rewards Management, Fraud Management, Others)- Forecast to 2035

GCC Blockchain in Retail Market Infographic

Single User

$ 4,950.0

Multiple License

$ 5,950.0

Enterprise User

$ 7,250.0

Summary Table of Contents Segmentation Infographic

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

GCC Blockchain in Retail Market Summary

The GCC Blockchain in Retail market is projected to grow from 1500 USD Million in 2024 to 5000 USD Million by 2035, reflecting a robust growth trajectory.

Key Market Trends & Highlights

GCC Blockchain in Retail Key Trends and Highlights

The market is expected to expand at a compound annual growth rate of 11.57 percent from 2025 to 2035.
By 2035, the market valuation is anticipated to reach 5000 USD Million, indicating strong investment interest.
In 2024, the market is valued at 1500 USD Million, showcasing the current potential for blockchain applications in retail.
Growing adoption of blockchain technology due to increasing demand for transparency and traceability is a major market driver.

GCC Blockchain in Retail Market

CAGR

11.57%

Market Size & Forecast

2024 Market Size	1500 (USD Million)
2035 Market Size	5000 (USD Million)
CAGR (2025 - 2035)	11.57%

Major Players

Saudi Aramco (SA), Qatar Petroleum (QA), Emirates National Oil Company (AE), SABIC (SA), Etisalat (AE), Oman Oil Company (OM), Kuwait Petroleum Corporation (KW), Bahrain Telecommunications Company (BH)

GCC Blockchain in Retail Market Trends

The GCC Blockchain in Retail Market is witnessing significant shifts driven by various market drivers such as the growing demand for transparency and traceability in retail operations. Governments in members of the GCC, like the UAE and Saudi Arabia, are prioritizing initiatives to enhance supply chain visibility through blockchain technology. This aligns with the broader goal of digital transformation in the retail sector, where businesses are increasingly adopting blockchain to improve efficiency and reduce operational costs.

Additionally, the push for smart city projects and the desire to comply with regulations promoting data security and consumer privacy are further facilitating the integration of blockchain solutions in retail.In the GCC region, there are opportunities to investigate the development of customized blockchain solutions that cater to the specific requirements of local markets through partnerships between technology providers and retailers. The region's strategic location as a logistics center presents opportunities to improve cross-border trade processes by utilizing blockchain technology to reduce delays and streamline customs.

Additionally, as consumers become increasingly tech-savvy and demand ethical procurement, retailers can capitalize on blockchain technology to provide evidence of authenticity and sustainable practices, thereby satisfying this expanding market segment. Recent trends suggest that the retail sector is increasingly focusing on the implementation of blockchain technology through pilot projects and collaborations. Traceability in food supply chains and the utilization of smart contracts to automate transactions are noteworthy initiatives.

The GCC's investment in technology start-ups and innovation centers is also creating an environment that is favorable for the development of blockchain solutions. As these trends continue to develop, they will significantly influence the future of retail in the GCC, establishing the region as a leader in the adoption of blockchain technology in the retail sector.

Market Segment Insights

GCC Blockchain in Retail Market Segment Insights

Blockchain in Retail Market Type Insights

The GCC Blockchain in Retail Market showcases a dynamic landscape characterized by its Type segmentation, which includes Public, Private, and Consortium models, each offering unique advantages and applications. The Public blockchain model is gaining traction in the GCC region for its transparency and accessibility, appealing to retailers seeking to enhance customer trust and engagement. This model facilitates open participation, allowing a wide range of stakeholders to validate transactions, thus promoting a decentralized approach that is particularly beneficial in sectors focused on supply chain integrity and traceability.

On the other hand, the Private blockchain segment provides a more controlled environment where companies can maintain greater privacy, making it an attractive option for retailers particularly concerned with sensitive data and regulatory compliance. This model permits selected participants to access the blockchain, thereby optimizing operations while safeguarding proprietary information, which is increasingly important in a region where data security is a top priority.

Consortium blockchains represent a hybrid approach, combining elements of both Public and Private blockchains, and are especially relevant in the GCC market where collaboration between businesses is essential. This model is typically managed by a group of organizations, allowing for shared governance, which can lead to reduced costs and improved operational efficiency. The GCC's emphasis on innovation and economic diversification is driving an increasing adoption of these blockchain types as businesses seek new ways to leverage technology for competitive advantage.

Particularly, the diversified markets in the UAE and Saudi Arabia are fostering an environment where consortium blockchains can flourish, due to the high level of collaboration needed to tackle sector-wide challenges like logistical inefficiencies and fraud.

Blockchain in Retail Market Platform Insights

The Platform segment of the GCC Blockchain in Retail Market is experiencing significant interest as businesses increasingly adopt blockchain technology to enhance operational efficiency and transparency. Within this segment, cryptocurrencies such as Bitcoin and Ethereum are leading the way, providing robust transaction mechanisms and decentralized applications that facilitate secure peer-to-peer transactions. Ripple serves as a strong contender with its focus on real-time cross-border payments, making it a crucial asset for banks and financial institutions in the region.R3 Corda’s focus on enterprises aligns well with the GCC's burgeoning fintech scene, fostering secure, private transactions among businesses.

Furthermore, platforms like Hyperledger Fabric and Quorum excel in enabling enterprises to create permissioned networks, which are essential for maintaining privacy and compliance in retail transactions. Multichain offers flexibility and interoperability, catering to organizations that seek to build customized blockchain solutions.

This diversity in the Platform segment contributes to a dynamic landscape, with various blockchain technologies fulfilling specific needs of retailers, driving innovation, and positioning the GCC as a key player in the global blockchain ecosystem.As the demand for secure and efficient solutions continues, the GCC Blockchain in Retail Market is set to evolve, supported by this diverse range of platforms.

Blockchain in Retail Market Organization Size Insights

The Organization Size segment within the GCC Blockchain in Retail Market reflects a growing adaptability of various enterprises to blockchain technologies. Large Enterprises are increasingly harnessing this technology to enhance their operations, streamline supply chains, and improve customer trust through transparent transaction processes. As the GCC region focuses on digital transformation initiatives, large retail organizations find significant value in integrating blockchain for operational efficiency and competitive advantage. Conversely, Small and Medium-sized Enterprises (SMEs) play a crucial role in driving innovation and dynamism within the market.

Despite resource constraints, SMEs are leveraging blockchain to access new business opportunities, reduce costs, and enhance customer engagement. With government support initiatives aimed at bolstering SMEs, this segment is poised to capitalize on blockchain's advantages, facilitating their growth and contributing to the overall development of the GCC Blockchain in Retail Market. Market trends reveal a notable shift towards collaborative ecosystems where both large enterprises and SMEs work closely, fostering an environment of shared knowledge and resources that further accelerates adoption and integration of blockchain technologies across the retail industry in the GCC region.

Blockchain in Retail Market Application Insights

The Application segment of the GCC Blockchain in Retail Market presents a dynamic landscape with various critical areas contributing to its growth. Compliance Management is gaining traction as businesses seek to avoid regulatory pitfalls, ensuring that operational practices adhere to national and international regulations, which is essential in the GCC's increasingly regulated retail environment. Database Management reflects significant importance as retailers leverage decentralized databases for improved transparency and security in transactions, enhancing inventory accuracy.Meanwhile, the Auditing function benefits from blockchain's immutable transaction records, promoting trust and reducing fraud, which is vital for consumers and businesses alike in the GCC market.

Payment Management is transforming with blockchain enhancing transaction speed and reducing costs, making it a significant factor in consumer satisfaction. Inventory Management utilizes blockchain to provide real-time tracking of goods, which is crucial for optimizing stock levels. Loyalty And Rewards Management are evolving with blockchain, as this technology enables more secure and flexible loyalty programs, enhancing customer retention.Finally, Fraud Management is heavily relying on blockchain's transparency features to mitigate risks and foster a secure trading environment.

The overall market exhibits potential driven by trends toward digitization and the increasing necessity for security in retail operations, with GCC governments supporting innovation and technology adoption through various initiatives.

Get more detailed insights about GCC Blockchain in Retail Market Research Report - Forecast to 2035

Request Free Sample

Key Players and Competitive Insights

The GCC Blockchain in Retail Market has emerged as a dynamic and transformative sector, characterized by innovative applications of blockchain technology that enhance transparency, efficiency, and security in retail operations. As the region's retail landscape continues to evolve, stakeholders are increasingly looking to leverage blockchain to address challenges such as supply chain integrity, payment processing, and customer engagement. Competition in this market is marked by the entry of various players, driving rapid advancements and commercial viability of blockchain solutions tailored for retail.

Companies that effectively harness the potential of blockchain technology stand to gain a significant competitive edge, setting new standards for operational excellence while capitalizing on evolving consumer demands and regulatory frameworks unique to the GCC area.Focusing on the strengths of Ripple within the GCC Blockchain in Retail Market, the company has established a strong foothold through its innovative payment solutions that facilitate real-time transactions across borders. Ripple's focus on providing speed and cost-effectiveness in payment processing aligns perfectly with the needs of retail businesses operating in the region.

Additionally, Ripple's unique consensus algorithm enhances the reliability and security of transactions, making it a favorable option for retailers aiming to streamline their payment systems. The company's strategic partnerships with local banks and financial institutions further bolster its market presence, allowing for seamless integration of blockchain solutions that adapt to regulatory standards and customer preferences within the GCC.SAP has made significant strides in the GCC Blockchain in Retail Market by offering a suite of enterprise solutions that incorporate blockchain technology into supply chain management, inventory tracking, and customer loyalty programs.

Its key products and services are designed to optimize operational efficiency while maintaining data integrity and transparency. SAP's established reputation in enterprise resource planning equips the company with a competitive advantage as it aligns its offerings with the specific needs of the retail sector in the GCC. Their commitment to innovation is reflected in ongoing investments and partnerships aimed at developing blockchain capabilities tailored for retailers.

Additionally, SAP's proactive approach to mergers and acquisitions has enabled it to enhance its technological portfolio, ensuring that it remains a prominent player within the rapidly evolving GCC blockchain landscape, thereby addressing the demands for secure and efficient retail operations.

Key Companies in the GCC Blockchain in Retail Market market include

Industry Developments

The GCC Blockchain in Retail Market has seen significant developments in recent months. Notably, companies such as VeChain and Provenance have made strides in supply chain transparency, enabling retailers to enhance traceability for consumers. Meanwhile, in October 2023, Ripple announced a collaboration with several retail firms in the UAE to leverage blockchain technology for cross-border payments, further illustrating the region's commitment to innovative financial solutions. Additionally, SAP has increased its foothold by integrating blockchain functionalities into existing retail platforms, aiming to streamline operations for retailers across the Gulf.

In terms of market growth, estimates suggest a robust increase in valuation of blockchain applications in retail, reflecting a rising demand for digital transformation among GCC retailers. Furthermore, a significant merger occurred in September 2023 when Microsoft acquired a prominent blockchain analytics firm, enhancing its capabilities in providing enterprise solutions that cater to retail businesses within the region.

Over the past two to three years, the adoption of blockchain has accelerated in GCC countries, with Saudi Arabia and the UAE leading initiatives to integrate blockchain into various sectors, including retail, highlighting the region's ambition to be at the forefront of technological advancements.

Market Segmentation

Blockchain in Retail Market Type Outlook

Public
Private
Consortium

Blockchain in Retail Market Platform Outlook

Bitcoin
Ripple
Ethereum
R3 Corda
Hyperledger Fabric
Multichain
Quorum
Others

Blockchain in Retail Market Application Outlook

Compliance Management
Database Management
Auditing
Payment Management
Inventory Management
Loyalty And Rewards Management
Fraud Management
Others

Blockchain in Retail Market Organization Size Outlook

Large Enterprises
SMEs

Report Scope

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	235.25(USD Million)
MARKET SIZE 2024	338.68(USD Million)
MARKET SIZE 2035	948.18(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	9.811% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	Ripple, SAP, VeChain, Provenance, Data Gumbo, Dragonscale, Modum, Ambrosus, Everledger, Amazon, Microsoft, R3, Oracle, IBM, Waltonchain
SEGMENTS COVERED	Type, Platform, Organization Size, Application
KEY MARKET OPPORTUNITIES	Supply chain transparency enhancement, Smart contracts for automation, Customer loyalty program innovation, Fraud prevention and security solutions, Cross-border payment efficiencies
KEY MARKET DYNAMICS	increased transparency and traceability, enhanced supply chain efficiency, regulatory compliance requirements, growing consumer demand for authenticity, expanding fintech ecosystem
COUNTRIES COVERED	GCC

FAQs

What is the expected market size of the GCC Blockchain in Retail Market in 2024?

The expected market size of the GCC Blockchain in Retail Market in 2024 is 338.68 million USD.

What is the projected market size for the GCC Blockchain in Retail Market by 2035?

The projected market size for the GCC Blockchain in Retail Market by 2035 is 948.18 million USD.

What is the expected compound annual growth rate (CAGR) for the GCC Blockchain in Retail Market from 2025 to 2035?

The expected CAGR for the GCC Blockchain in Retail Market from 2025 to 2035 is 9.811 percent.

Which type of blockchain is expected to dominate the GCC Blockchain in Retail Market by 2035?

By 2035, the public blockchain is expected to dominate the GCC Blockchain in Retail Market with a value of 330.0 million USD.

What market value is expected for private blockchain in the GCC Blockchain in Retail Market in 2035?

The expected market value for private blockchain in the GCC Blockchain in Retail Market by 2035 is 240.0 million USD.

Which companies are considered key players in the GCC Blockchain in Retail Market?

Key players in the GCC Blockchain in Retail Market include Ripple, SAP, VeChain, and IBM among others.

What is the projected market value for consortium blockchain in the GCC Blockchain in Retail Market in 2035?

The projected market value for consortium blockchain in the GCC Blockchain in Retail Market by 2035 is 378.18 million USD.

What is the key application driving the growth of the GCC Blockchain in Retail Market?

Supply chain management is a key application driving the growth of the GCC Blockchain in Retail Market.

What are the main growth drivers for the GCC Blockchain in Retail Market?

Main growth drivers include increasing demand for transparency and security in retail transactions.

How does the regional market for GCC Blockchain in Retail compare globally?

The GCC Blockchain in Retail Market is expected to show significant growth potential compared to global markets, particularly with its projected values by 2035.

GCC Blockchain in Retail Market Research Report - Forecast to 2035 Infographic

Free Sample Request

Kindly complete the form below to receive a free sample of this Report

Customer Stories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

Victoria Milne Founder

Case Study

Chemicals and Materials

Global Magnesium Sulfate Market – Forecast till 2027