(Internet of Things) IoT in Retail Market By Top Vendors: Accenture, Amazon, Cisco, Dell, Hewlett Packard Enterprise, Hitachi, Honeywell, Huawei Technologies, IBM, Intel Corporation, Microsoft, NXP Semiconductors, Oracle, SAP, Verizon, Zebra Technologies

Increasing installation of IoT solutions by retailers is expected to drive the adoption of connectivity technology such as Bluetooth Low Energy (BLE) in the internet of things in retail market. It identifies the registered customers when they enter the stores and send messages which include customized promotions and offers. BLE is generally used for applications which need exchange of data in low volume and consumes less power as compared to that of Bluetooth. RFID market is anticipated to grow significantly owing to the increasing adoption coupled with the rapidly declining cost of RFID tags.

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

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

1. NXP Semiconductors
2. Amazon
3. Cisco
4. Dell
5. Hewlett Packard Enterprise
6. Hitachi
7. Honeywell
8. Huawei Technologies
9. IBM
10. Intel Corporation
11. Microsoft
12. Accenture
13. Oracle
14. SAP
15. Verizon
16. Zebra Technologies
17. Telit

(Internet of Things) IoT in Retail Market in Asia Pacific is expected to witness significant growth pertaining to the retail sector in economies such as China, Japan and India. Increasing disposable income of the middle-class population residing in those economies coupled with the growing user base of smartphones lies impetus to the industry growth in the region. Factors such as improving the customer experience followed by speeding up the check-out process is the main reason for implementing such solutions by the retailers.

Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/1591

(Internet of Things) IoT in Retail Market in North America, being the largest market for retail is expected to grow considerably. This is attributed to the early technology adoption coupled with the presence of an organized retail sector in the region. The retailers in the region mainly focus on enhancing the supply chain performance by heavily investing in technologies such as automated inventory verification.

(Internet of Things) IoT in Retail Market is set to exceed USD 30 billion to grow at more than 19% CAGR estimation from 2017 to 2024. Increasing adoption of the Internet of Things by retailers to enhance the customer experience, reduce costs and improve overall performance is expected to drive the internet of things in retail market growth over the forecast timeline. Rising trend of digitization across the retail sector coupled with the increasing usage of smart devices contributes significantly to the industry growth. In order to gain shopper insights and understand the buying behavior and deliver customized offers & promotions, retailers are increasingly deploying such solutions.

IoT has enormous potential to transform the retail industry. The various benefits include efficient store management, tracking & monitoring inventory and improvise the store security and loss prevention. Automated check-out, tracking the product quality and optimized supply chain management are among the other benefits of implementing the technology. Growing internet connectivity across various regions coupled with the increasing adoption of smartphones is anticipated to propel the internet of things in retail market growth. Factors such as gradual decline in prices of components such as RFID tags & sensors is expected to contribute to the adoption.

Browse key industry insights spread across 150 pages with 156 market data tables & 12 figures & charts from the report, (Internet of Things) IoT in Retail Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/iot-internet-of-things-retail-market

Increasing installation of IoT solutions by retailers is expected to drive the adoption of connectivity technology such as Bluetooth Low Energy (BLE) in the internet of things in retail market. It identifies the registered customers when they enter the stores and send messages which include customized promotions and offers. BLE is generally used for applications which need exchange of data in low volume and consumes less power as compared to that of Bluetooth. RFID market is anticipated to grow significantly owing to the increasing adoption coupled with the rapidly declining cost of RFID tags.

Hardware segment dominated the IoT in retail market with majority of the revenue share whereas the software segment is predicted to witness strong growth due to the increasing implementation of software solutions and applications across the retail industry. Also, the gradual rise in the use of mobile applications contributes to the strong growth of the software segment.

Companies in the internet of things in retail market comprise Accenture, Amazon, Bosch Software Innovations, Cisco, Dell, Hewlett Packard Enterprise, Hitachi, Honeywell, Huawei Technologies, IBM, Intel Corporation, Microsoft, NEC Corporation, NXP Semiconductors, Oracle, PTC Inc, SAP, Sierra Wireless, Telit, Verizon, and Zebra Technologies.

Browse Related Reports: https://www.gminsights.com/industry-analysis/iot-infrastructure-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.