Growing need to enhance the in-store customer experience is expected to drive the adoption of IoT in retail market. The emergence of cloud platform and increasing number of connected devices are the primary factors fuelling the growth of IoT in Retail market. The rapid technological advancement and growing trend of digitization are fuelling the growth of IoT in retail market. The increasing number of smart cities projects are also expected to fuel the growth of IoT in retail market. Moreover, the need for IoT in retail is increasing rapidly due to the growing demand for IoT in retail for better customer services and response and to better serve the customer.
Advancements in technology base and increasing the demand for IoT in retail to enhance customer productivity is also one of the major factors which drives the growth of IoT in retail market. Apart from this, social, mobile, and cloud computing are accelerating the demand for IoT in retail market. Furthermore, with the rapid technological shift and continuous deployment & migration of mobile devices, the demand for IoT in retail is increasing rapidly.
Find Out More about the Report Coverage
Global IoT in Retail Market: Drivers and Challenges
The growing trend of digital infrastructure is the primary factor which is driving the growth of IoT in retail market. Also, the rise in the digital technologies and improvement in the wireless infrastructure, the IoT in retail market is expected to grow rapidly in coming few years. Various retail organizations are adopting IoT in retail solutions due to the growing need for better customer services and response. The increasing internet penetration is also creating potential opportunities for the growth of IoT in retail market.
The rising trend of automation is also driving the growth of IoT in retail market. Moreover, development and implementation of smart technologies is also fuelling the growth of IoT in retail market. Also, the declining cost of IoT components such as sensors and RFID are also driving the demand for IoT in retail. Apart from this, the increasing usage of mobile applications is creating potential opportunities for IoT in retail market.
With the development of technology, the risk of threats also increase which is the primary challenge for the IoT in retail market. Issues associated with data privacy and security are expected to hamper the growth of IoT in retail market. Moreover, device compatibility issues and lack of common standards are the major factors which hinders the growth of IoT in retail market.
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Global IoT in Retail Market: Segmentation
|Basis of Component:||
|Basis of Technology:||
|Basis of Application:||
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Global IoT in Retail Market: Competition Landscape
Prominent players in the global IoT in retail market are ARM Holdings, Google Inc., IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., SAP SE, Zebra Technologies, Amazon Web Services, Intel Corporation, Atmel Corporation, PTC, Inc., and Softweb Solutions.
Explore Persistence Market Research’s expertise in promulgation of the business !
Global IoT in Retail Market: Regional Overview
On the basis of geography, North America is expected to be a large market for IoT in retail, due to the early adoption of digital technologies and the presence of various key players in the region. The demand for IoT in retail in APAC and Europe is expected to grow rapidly in the coming few years, owing to the rapid development in digital infrastructure.
Moreover, the rapid technological shift and continuous deployment & migration of mobile devices in countries such as Japan, China, and India is also driving the demand for IoT in retail in Asia Pacific. The IoT in retail markets in Latin America is expected to witness high growth rates in the coming period, due to the rise in digital technologies and increasing penetration of internet users. The IoT in retail market in MEA is also increasing due to the high adoption of smart phones and tablets in the region.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical & Actual Market Size, 2013-2017
- Market Size & Forecast, 2018 to 2028
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved in the Market
- Market Solutions Technology
- Value Chain
- Market Drivers and Restraints
Regional analysis for the global IoT in Retail market includes:
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- SEA & Others of APAC
- Australia and New Zealand (A&NZ)
- Rest of SEA & Others of APAC
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint