The IT Market Potential for Retail in India is Expected to Grow at a CAGR of 16.7% By 2020

IT plays a major role in the management of complex retail operations. Due to the increasing globalisation of retailing in terms of point of sale and point of supply, the ICT spending in the retail sector increased over the years. It is important for retailers to deploy more advanced retail information systems to gain a competitive edge. The need of improving the customer interaction, to accelerate the retail operations is encouraging retailers to spend a huge amount in the retail sector. With the improvement in the market and its complexity, organisations need to deploy more advanced retail information systems to cope with the increased transactions.

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The IT market potential for retail in India will grow at a CAGR of 16.7% during the forecast period 2015–2020. The market is growing due to the rise in the population for organised retail. Also, many people from Tier 1 and Tier 2 cities are contributing to the revenue generation. The IT solutions offer retail segment with various CRM solutions that help them in understanding the customers and their preference. However, increasing intellectual property rights and security concerns related to the customer data will hamper the market.

The use of Omni-channel retailing is one of the trends that can be seen in Indian retail industry. Store-based retailers have started giving their offerings online that offers an Omni-channel with a different shopping experience. This is done with the help of databases of all the products, prices and promotions that will help retailers to track their customers across all channels in order to gain a better profile of their needs and preferences.

Some of the major vendors include Infosys, Oracle, SAP, TCS, and Wipro. The report also talks about the watch list companies such as Retail Core, RanceLab, and Wep Peripheral.

The study covers and analyses the “IT Potential for Retail” market in India. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

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Benefits:

The report provides an in-depth analysis of the IT market for Retail in India. Bringing out the key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends and technologies related to the IT market in Retail. The report provides a detailed analysis of the IT market in Retail in terms of technologies, applications, verticals, and regions.

The report gives insights about the

Regional Growth Opportunities in the region are analysed according to technologies, applications, and verticals
Current and predicted business strategies for the leading companies of the market such as Oracle, TCS, Cisco, Infosys, IBM and Wipro. Total 11 companies are covered

The report helps the users to understand the challenges, impact of customer intelligence and market size in verticals such as Food & Grocery, Apparel, Telecom, Food & Service, Jewellery, Pharmacy, Consumer Electronics and Others
Report also gives information related to the latest industry and market trends, key stakeholders, industry pest analysis and competitive landscape
It includes implementation, opportunities and adoption rate of IT technologies in various verticals

The report will be useful for the key stakeholders of the IT market such as solution providers, service providers, and technology enablers in the following ways:

Competitive analysis (i.e. current and future key business strategies of the competitors and their regional growth)
Drivers, growth opportunities and regional trends

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This release was published on openPR.