Retail Analytics Market Trends Factor By Top Companies: Adobe, HCL Technologies, IBM, Information Builders, Microsoft, MicroStrategy, Oracle, Qlik, Salesforce, SAP, SAS, Tableau Software, Teradata, FLIR – Brickstream, 1010data

Retail Analytics Market growth will be driven by increasing adoption of analytics solutions to help gain competitive advantage, reduce operational costs, and increase profitability. With the increasing technological advancements such as big data analytics, retailers are increasingly focusing on enhancing customer experience. Retailers are expected to use these solutions on a large scale, owing to ease in the decision-making process. Increasing penetration of data-intensive solutions, due to the increase in usage of e-commerce and social media will encourage retailers to adopt retail analytics market solutions.

Retail analytics market is expected to grow at a significant rate, owing to the emerging e-commerce trend across the retail sector. The new generation of highly informed and demanding customers are encouraging the retailers to adopt technologies that will satisfy the evolving demands. The inclination of retailers to implement technologically advanced and intelligent solutions to attract new customers, retain old customers, and improve profit margins is expected to drive the retail analytics market growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/319

Retail Analytics Market is set to exceed USD 13 billion, and is predicted to grow at around 19% CAGR from 2017 to 2024. Growth in demand for easy-to-use and easy-to-decipher solutions are compelling companies to implement modern technologies such as machine learning in the analytics software. The trend of extraction of consumer data from e-commerce portals and social networking websites to gather insights is expected to bode well for the market, owing to the increasing internet penetration.

Growing demand for customized products and constantly changing consumer requirements is expected to drive the supply chain analytics software demand. Lack of inventory space has compelled retailers gather insights from the supply chain data to optimize operations and reduce costs. Reporting and visualization tools are anticipated to witness increase in demand, owing to the growing need to analyze data in an easy-to-read format in lesser time. Smart visual insights and implementation artificial intelligent dramatically reduces the time to insight and arrive at decision. Companies are inclined towards developing such tools that make data access and visualization easy contributing towards the retail analytics market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Adobe
2. HCL Technologies
3. IBM
4. Information Builders
5. Microsoft
6. MicroStrategy
7. Oracle
8. Qlik
9. Salesforce
10. SAP
11. SAS
12. Tableau Software
13. Teradata
14. FLIR – Brickstream
15. 1010data

By Function

• Customer management
• Merchandising
• In-store operations
• Supply chain
• Strategy & planning

By Solution

• Software
o Data management software
o Analytical tools
o Mobile applications
o Reporting & visualization
• Services
o Managed
o professional

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/319

The demand for on-premise solutions is expected to gain momentum from the small and unorganized retailers which is expected to drive the market. These solutions are ideal for the organization with limited customer foot-fall and limited geographical presence. Increasing competition among the solution providers has compelled them to introduce customized on-premise solutions that cater to specific demands of the retailers.

The Asia Pacific retail analytics market is expected to witness significant growth during the forecast timeframe, owing to the expansion of organized retail sector. In India, the exponential increase of e-commerce industry size and smartphones to buy consumer goods has prompted the need for data-driven business intelligence solutions. This has attracted big players such as HCL and IBM, in addition to the emergence of regional players including Manthan Systems, BRIDGEi2i Analytics Solutions, and Fractal Analytics.

Some of the prominent vendors in the market include 1010data, Adobe, Bedrock Analytics, FLIR - Brickstream, HCL Technologies, IBM, Information Builders, Microsoft, MicroStrategy, Oracle, Qlik, Salesforce, SAP, SAS, Tableau Software, and Teradata.

Browse key industry insights spread across 180 pages with 133 market data tables & 26 figures & charts from the report, Retail Analytics Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/retail-analytics-market

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: www.gminsights.com

This release was published on openPR.