The research report titled Retail IoT market has recently been added by Absolute Markets Insights to its massive database which offers a lucid understanding of various business aspects of the Retail IoT market. The market report has been studied by means of primary and secondary research techniques. The report also covers the extensive data of historical records, existing scenarios, and future market growth prospects. Additionally, the report also offers SWOT analysis to discover market propellers and restraints of the businesses. The report also offers a holistic snapshot of the competitive landscape which helps to differentiate the competition at global and national level. In order to discover the risks and challenges faced by businesses, several types of business model have been examined.
In terms of revenue, the global retail IoT market stood at US$
23,689.0 Mn in 2020 and is anticipated to reach US$ 104,932.2 Mn by 2030,
expanding at a CAGR of 18% during the forecast period. The study analyzes the
market in terms of revenue across all the major regions, further bifurcated
into countries.
Browse the Full Information of this report:https://www.absolutemarketsinsights.com/reports/Global-Retail-IoT-Market-2019-2027-201
Top Key Players includes in this report: ALLERIN
TECH PVT LTD, Alphabet Inc. (Google LLC), Arm Limited, Cisco, Dipole RFID,
Impinj, Inc., Intel Corporation, KaaIoT Technologies, LLC, LOSANT IOT, MediaTek
Inc., Microsoft, NXP Semiconductors, Qualcomm Technologies, Inc., SAP SE, Scala
Digital Signage, SIGFOX, Softweb Solutions Inc. (An Avnet Company), Verizon,
Wi2Wi, Inc., Xynage, and Zebra Technologies Corp. amongst others.
Retailers are experiencing a paradigm shift in their business
model by harnessing the potential of emerging technologies. Global Retail IoT
market is expected to suffice the requirement of the retail sector through
innovative solutions that lead towards business growth. Internet of Things
(IoT) is one such technology that is connecting different machines, devices and
objects with an aim to create a smart world. IoT applications are gaining
momentum in the retail sector, with an aim to improve customer engagement and
experience by helping retailers in understanding customer’s shopping habits.
Some of the initiatives undertaken to utilize technological aids include
digital signage, information beacons and radio frequency identification
devices, which is helping to improve buying experience of customers. Marketing
initiatives at particular locations using digital signage is one of the factors
responsible for product awareness in stores.
This increased product awareness would improve the footfall for
the stores and aid in their future growth. For instance, digital signage
solutions from companies such as Scala Digital Signage and Xynage help retail
providers to enhance their marketing capabilities. Also, the inclusion of fast
checkout lanes by various retail outlets are reducing the time invested by
consumers in the payment processes. Brick and mortar retail providers would be
able to cater to consumers with a customer centric approach by utilization of
technologies within their stores. Furthermore, supermarkets are leveraging the
use of inventory management solutions for strengthening their supply chain. The
inclusion of retail IoT solutions has provided retail providers with
improvements in consumer feedbacks and is expected to grow over the forecast
period across the world. In terms of revenue, the global retail IoT market
stood at US$ 23,689.0 Mn in 2018 and is anticipated to reach US$
104,932.2 Mn by 2027, expanding at a CAGR of 18% during the forecast
period.
Retail IoT Market Segmentation:
By Offering
- Hardware
- Software
- Services
By Application
- Product Tracking
- Payments
- Customer
Engagement
- Supply Chain
Management
- Others
By End Users
- Supermarkets/Hypermarkets
- Specialty Stores
- E-commerce Companies
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and
Africa
- Latin America
Contact Us:
Contact Name: Shreyas Tanna
Company: Absolute Markets Insights
Email Id: sales@absolutemarketsinsights.com
Phone: IN +91-7400-24-24-24, US +1-510-420-1213
Website: www.absolutemarketsinsights.com
No comments:
Post a Comment