IoT in Retail Market Research Report, Growth Forecast 2025
Category: #technology |   By Market Study Report |   Date: 2021-02-09  |  Product ID: 616490 Request Free Sample | 
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IoT in Retail Market Research Report, Growth Forecast 2025

The IoT in Retail Market Forecast Report provides details analysis of keyword industry which will accelerate your business. IoT in Retail market report covers the current state of business and the growth prospects of the worldwide keyword Market. The IoT in Retail market report lists the leading competitors and provides the Industry pitfall and challenges, Growth potential analysis of the key factors influencing the market.

IoT in Retail Market is set to exceed USD 30 billion by 2024; according to a new research report

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IoT has enormous potential to transform the retail industry. The various benefits include efficient store management, tracking & monitoring inventory and improvise the store security and loss prevention. Automated check-out, tracking the product quality and optimized supply chain management are among the other benefits of implementing the technology. Growing internet connectivity across various regions coupled with the increasing adoption of smartphones is anticipated to propel the IoT in retail market growth. Factors such as gradual decline in prices of components such as RFID tags & sensors is expected to contribute to the adoption.

Increasing adoption of the Internet of Things by retailers to enhance the customer experience, reduce costs and improve overall performance is expected to drive the IoT in retail market growth over the forecast timeline. Rising trend of digitization across the retail sector coupled with the increasing usage of smart devices contributes significantly to the industry growth. In order to gain shopper insights and understand the buying behavior and deliver customized offers & promotions, retailers are increasingly deploying such solutions.

Concerns related to data security and privacy might hinder the IoT in retail market growth. Factors such as high cost associated with the implementation coupled with the interoperability of devices in the system is anticipated to curb the demand for such technological solutions.

Increasing installation of IoT solutions by retailers is expected to drive the adoption of connectivity technology such as Bluetooth Low Energy (BLE) in the IoT in retail market. It identifies the registered customers when they enter the stores and send messages which include customized promotions and offers. BLE is generally used for applications which need exchange of data in low volume and consumes less power as compared to that of Bluetooth. RFID market is anticipated to grow significantly owing to the increasing adoption coupled with the rapidly declining cost of RFID tags.

Wide adoption in applications such as digital signage mainly used for advertising & marketing is expected to fuel the IoT in retail market growth. Advantages of digital signage include offering the customers an interactive shopping experience and making the innovative advertisements available to the masses in reduced time. The intuitive touch screen offering the customers with personalized & relevant content is anticipated to fuel the IoT in retail market growth.

Asia Pacific IoT in retail market is expected to witness significant growth pertaining to the retail sector in economies such as China, Japan and India. Increasing disposable income of the middle-class population residing in those economies coupled with the growing user base of smartphones lies impetus to the industry growth in the region. Factors such as improving the customer experience followed by speeding up the check-out process is the main reason for implementing such solutions by the retailers.

North America, being the largest market for retail is expected to grow considerably. This is attributed to the early technology adoption coupled with the presence of an organized retail sector in the region. The retailers in the region mainly focus on enhancing the supply chain performance by heavily investing in technologies such as automated inventory verification.

Companies in the IoT in retail market comprise IBM Corporation, Intel Corporation, Microsoft Corporation, SAP AG, Zebra Technologies, Cisco Systems, Amazon Web Services (AWS). The players are making huge investments in R&D to gain eminence. Moreover, they increasingly focusing on enhancing the overall customer experience by innovating and differentiating the services.

IoT in retail market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Internet of Things in Retail Market, By Platform

Network Management

Device Management

Application Management

Internet of Things in Retail Market, By Technology

Sensor

RFID

Connectivity technology

Others

Internet of Things in Retail Market, By Component

Software

Data Management

Streaming Analytics

Security

Remote Monitoring

Bandwidth Management

Hardware

Internet of Things in Retail Market, By Service

Professional service

Managed service

Internet of Things in Retail Market, By Application

Digital signage

Supply chain management

Payment

Smart shelfs & doors

Others

The above information is provided for the following regions and countries:

North America

U.S.

Canada

Europe

UK

Germany

France

Italy

Spain

Russia

Asia Pacific

China

India

Japan

Australia

South Korea

Malaysia

Singapore

Latin America

Brazil

Mexico

Middle East

South Africa

Saudi Arabia

UAE

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and research parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. IoT in retail industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Platform trends

2.1.4. Technology trends

2.1.5. Service trends

2.1.6. Component trends

2.1.7. Application trends

Chapter 3. Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Software providers

3.3.3. Technology providers

3.3.4. Service providers

3.3.5. System integrators

3.3.6. Vendor matrix

3.3.7. Distribution channel analysis

3.4. Technology & innovation landscape

3.5. Regulatory landscape

3.5.1. U.S.

3.5.2. EU

3.5.3. China

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing demand to enhance the customer experience in the U.S.

3.6.1.2. Advanced infrastructure in the U.S. and Europe

3.6.1.3. Technological advancements in the U.S.

3.6.1.4. Declining cost of hardware components in China and India

3.6.1.5. Emerging organized retail industry in India

3.6.1.6. Increasing adoption of cloud platform in EU

3.6.2. Industry pitfalls & challenges

3.6.2.1. Data security & privacy concerns

3.6.2.2. Lack of knowledge

3.6.2.3. High implementation cost

3.7. Growth potential analysis

3.8. Porter's analysis

3.9. Company market share analysis, 2016

3.9.1. Strategy dashboard

3.10. PESTEL analysis

Chapter 4. IoT in Retail Market, By Platform

4.1. Global IoT in retail market share by platform, 2016 & 2024

4.2. Network management

4.2.1. Market estimates and forecast, 2013 - 2024

4.2.2. Market estimates and forecast, by region, 2013 - 2024

4.3. Device management

4.3.1. Market estimates and forecast, 2013 - 2024

4.3.2. Market estimates and forecast, by region, 2013 - 2024

4.4. Application management

4.4.1. Market estimates and forecast, 2013 - 2024

4.4.2. Market estimates and forecast, by region, 2013 - 2024

Chapter 5. IoT in Retail Market, By Technology

5.1. Global IoT in retail market share by technology, 2016 & 2024

5.2. Sensor

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast, by region, 2013 - 2024

5.3. RFID

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast, by region, 2013 - 2024

5.4. Connectivity technology

5.4.1. Market estimates and forecast, 2013 - 2024

5.4.2. Market estimates and forecast, by region, 2013 - 2024

5.5. Others

5.5.1. Market estimates and forecast, 2013 - 2024

5.5.2. Market estimates and forecast, by region, 2013 - 2024

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