IoT in Retail Market 2017-2024: Intel Corporation Inc., Microsoft Corporation, IBM Corporation, Cisco Systems, SAP AG

Market Overview: -

IoT in Retail market is expected to grow at a CAGR of over 19% from 2017 to 2024. Rising demand for improving the purchase experience is anticipated to drive the IoT in retail market over the estimated timeframe. In order to bring in innovations in the stores, giving away offers on the basis of browsing history and buying behavior, retail stores across the globe are increasingly implementing IoT solutions. Growing usage of intelligent solutions coupled with the emerging trend of digitization in the sector contributes to the industry demand.

Retailers are focusing on deploying such advanced technological solutions to gain insights into customers purchase behavior, delivering customized promotional offers fueling the IoT in retail market growth. To reduce operational costs and streamlining overall business operations, IoT is currently witnessing high adoption across the sector. Furthermore, increasing implementation of such solutions could be attributed to the cost reduction of RFID tags and sensors, which are used for inventory tracking, theft reduction and enhanced supply chain management resulting in streamlining business operations.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1591

Top Key Players: -

Companies operating in the IoT in retail market include SAP AG, IBM Corporation, Zebra Technologies, Intel Corporation, Cisco Systems and Microsoft Corporation. The industry is currently witnessing increasing entry of players with innovative solutions. Players are following strategies such as new product launches, merger & acquisitions to increase hold and expand into potential markets.

Regional Segmentations: -

Presence of developed infrastructure followed by the increasing investments by retailers on implementation of smart technologies is expected to drive the North America IoT in retail market growth. Factors such as organized retail industry across the region followed by the awareness related to benefits of using such solutions by various players further contributes to the industry demand.

Partial Chapter of the Table of Content

Chapter 3. Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Software providers
3.3.3. Technology providers
3.3.4. Service providers
3.3.5. System integrators
3.3.6. Vendor matrix
3.3.7. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing demand to enhance the customer experience in the U.S.
3.6.1.2. Advanced infrastructure in the U.S. and Europe
3.6.1.3. Technological advancements in the U.S.
3.6.1.4. Declining cost of hardware components in China and India
3.6.1.5. Emerging organized retail industry in India
3.6.1.6. Increasing adoption of cloud platform in EU
3.6.2. Industry pitfalls & challenges
3.6.2.1. Data security & privacy concerns
3.6.2.2. Lack of knowledge
3.6.2.3. High implementation cost
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Company market share analysis, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis

Browse Full Report @ https://bit.ly/2qy8Ucy

Factors including data privacy and security concerns might curb the IoT in retail market growth over the forecast timespan. Components in the IoT network are vulnerable to cyber-attacks such as DDoS, which is expected to limit the industry demand. Furthermore, lack of standards followed by rising expenses related to the implementation of IoT solutions pose a challenge to the industry players.

Managed services segment in the IoT in retail market is anticipated to grow over the forecast timeline. The growth can be credited to the retailers increasingly focusing on reducing the IT related expenses, enabling the workforce to focus more on core activities generating more revenue. The managed service providers are assigned with the responsibility of maintaining the systems, provide security and protection against any type of cyber-attack threat. In additions, they provide services which include deployment, integration, support services as well as consultation to help the clients achieve desired business goals.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.