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Internet of Things (IoT) In Retail Market Analysis By Solution, By Hardware (Beacons, RFID Tags, Sensors, Wearables), By Service, By Technology (Bluetooth Low Energy, Near Field Communication, ZigBee), By Region And Segment Forecasts, 2014 - 2025NEW YORK, Feb. 28, 2017 /PRNewswire/ -- The global IoT in retail market is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the merging of digital and in-store operations in retail stores. Further key findings from the report suggest: The retail IoT software is expected to be the fastest-growing segment owing to the increasing adoption of retail analytics solutions Beacons are expected to grow at a CAGR of over 24%. This growth can be attributed to its increasing adoption for enhancing customer in-store experience Professional services are expected to dominate the market over the forecast period Solution providers are focusing on providing Software-as-a-Service (SaaS) and Payment-as-a-Service (PaaS) to retailers. Bluetooth Low Energy (BLE) is expected to witness the fastest growth over the forecast period as this technology is gaining prominence in pre-tailing, payments, and post-payments operations. Latin America is expected to reach a revenue share of over 12% by 2025 due to the demand for innovation in infrastructure technology in retail outlets The key industry players include Intel Corporation, Impinj Inc., RetailNext Inc., Allerin Tech Pvt. Ltd., and Losant IoT Inc. Several vendors are offering connected ecosystems that provide retailers with a wide array of devices through a single platform Read the full report: http://www.reportlinker.com/p04717528-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/internet-of-things-iot-in-retail-market-analysis-by-solution-by-hardware-beacons-rfid-tags-sensors-wearables-by-service-by-technology-bluetooth-low-energy-near-field-communication-zigbee-by-region-and-segment-foreca-300415512.html SOURCE Reportlinker |