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Connected Retail Market Size to Reach USD 44410 Million by 2027 at CAGR 11.2% - Valuates Reports
[August 11, 2021]

Connected Retail Market Size to Reach USD 44410 Million by 2027 at CAGR 11.2% - Valuates Reports


BANGALORE, India, Aug. 11, 2021 /PRNewswire/ -- The Connected Retail Market is Segmented by Type (Hardware,Software), by Application (Industrial, Enterprise, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Retail Category.

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The global Connected Retail market size is projected to reach USD 44410 Million by 2027, from USD 20910 Million in 2020, at a CAGR of 11.2% during the forecast period 2021-2027.

Major factors driving the growth of the Connected Retail Market are:

The connected retail market is expected to be driven by the increased adoption of the Internet of Things (IoT) across the retail sector. Retailers can benefit from IoT in three key areas: supply chain, customer experience, and new channels and income sources.

Retailers all over the world are recognizing the value of connecting with customers and providing them with a more immersive shopping experience by sending them consistent messages about pricing, product availability, and customer service across all touchpoints, which are some of the factors driving the market forward.

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TRENDS INFLUENCING THE GROWTH OF CONNECTED RETAIL MARKET

The introduction of IoT into the retail industry has radically altered the retail landscape. The integration of IoT sensors in various consumer gadgets will help merchants to analyze and monitor customer behavior, collect data, and give a superior consumer experience. These advantages are expected to drive the growth of the connected retail market.

Furthermore, customers will have a greatly improved shopping experience as a result of connected retail technologies, and retailers and suppliers who embrace and deploy them efficiently will see a considerable increase in their bottom line. This in turn is expected to further increase the growth of the connected retail market.

Emerging retailing models such as omnichannel retailing are expected to drive the connected retail market growth. By merging and synchronizing channels, omnichannel retailing provides customers with a seamless and flexible buying experience. It allows retailers to grab more revenue while also increasing loyalty and brand recognition.

Browse the Table of Contents and List of figures at: https://reports.valuates.com/market-reports/QYRE-Auto-3A6351/global-connected-retail

CONNECTED RETAIL MARKET SHARE ANALYSIS

Based on type, the software segment is expected to be the most lucrative segment due to the increasing number of applications for the retail industry.

Based on region, North America is expected to be the most lucrative segment during the foreast period. Retailer demand for connected solutions is increasing as a result of many benefits such as linked consumers, cost savings, and employee efficiency optimization. These reasons are projected to boost the market research in the North American area. Retailer demand for connected solutions is increasing as a result of many benefits such as linked consumers, cost savings, and employee efficiency optimization. These reasons are projected to boost the market research in the North American area.



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Major Players in the Connected Retail Market


  • Zebra Technologies
  • Softweb Solutions
  • SAP
  • PTC
  • Microsoft
  • Intel
  • IBM
  • Cisco Systems
  • Atmel
  • ARM

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SIMILAR REPORTS 

-  The global Retail Analytics market size is projected to reach USD 4517.3 Million by 2026, from USD 2471.1 Million in 2019, at a CAGR of 9.0% during 2021-2026.

-  The global Smart Retail market size was USD 14.250 Billion in 2020 and it is expected to reach USD 30.730 Billion by the end of 2026, with a CAGR of 13.7% during the forecast period 2020-2026.

-  The global big data analytics in retail market size was valued at USD 4,854 Million in 2020, and is projected to reach USD 25,560 Million by 2028, registering a CAGR of 23.1% from 2021 to 2028.

-  The global Retail Automation market size is projected to reach USD 16000 Million by 2027, from USD 10190 Million in 2020, at a CAGR of 6.2% during 2021-2027.

-  In 2020, the global Smart Labels market size was USD 8085.8 Million and it is expected to reach USD 22850 Million by the end of 2027, with a CAGR of 16.0% during 2021-2027.

-  The Electronic Shelf Label Market size was valued at USD 624.7 Million in 2018, and is projected to reach USD 2.40 Billion by 2027, growing at a CAGR of 15.9% from 2020 to 2027.

-  The global Self-Checkout Systems market size is projected to reach USD 3950.3 Million by 2027, from USD 2005.2 Million in 2020, at a CAGR of 10.0% during the forecast period 2021-2027.

-  The global Automated Retail market size is projected to reach USD 34150 Million by 2027, from USD 18800 Million in 2020, at a CAGR of 8.8% during 2021-2027.

-  In 2021, the global Cloud Retail market size will be USD 12100 Million and it is expected to reach USD 20570 Million by the end of 2027, with a CAGR of 9.2% during 2021-2027.

-  The global Enterprise Mobility in Retail market size is projected to reach USD 23777590 Million by 2027, from USD 5980250 Million in 2020, at a CAGR of 21.3% during 2021-2027.

-  The global Digital Asset Management Software in Retail market size is projected to reach USD 434.7 Million by 2027, from USD 236.7 Million in 2020, at a CAGR of 8.6% during 2021-2027.

To see the full list of related reports on the Retail

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