IoT in Retail Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2028


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Persistence Market Research

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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.

Global IoT in Retail Market: Drivers and Challenges

Drivers

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.

Challenges

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.

Global IoT in Retail Market: Segmentation

Segmentation of the IoT in Retail Market on the Basis of Component:

Hardware Sensors RFID tags Wearable Other Software Services Remote Device Management Professional Services Managed Services

Segmentation of the IoT in Retail Market on the Basis of Technology:

Zig bee Wi-Fi Bluetooth Others

Segmentation of the IoT in Retail Market on the Basis of Application:

Global IoT in Retail Market: Competition Landscape

Key Players

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.

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:

Regional analysis for the global IoT in Retail market includes:

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.

Report Highlights:

  • Digital Signage
  • Advertising & Marketing
  • Smart Shelf & Smart Doors
  • Supply Chain Management
  • Resource Management
  • Others
  • 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
  • North America
  • U.S.
  • Canada
  • Latin America
  • Argentina
  • Mexico
  • Brazil
  • Rest of Latin America
  • Western Europe
  • Germany
  • France
  • U.K.
  • Spain
  • Italy
  • Nordic
  • Benelux
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • SEA & Others of APAC
  • Australia and New Zealand (A&NZ)
  • India
  • ASEAN
  • Rest of SEA & Others of APAC
  • Japan
  • China
  • Middle East and Africa
  • GCC Countries
  • North Africa
  • South Africa
  • Rest of MEA
  • 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