Press release
IoT in Retail Market Analysis and Forecast 2018 - 2028 | ARM Holdings, Google Inc., IBM Corporation, Microsoft Corporation, Cisco Systems, Inc.
Advancements in technology base and increasing the demand for IoT in retail to enhance customer productivity is also one of the major factors which drives the growth of IoT in retail market. Apart from this, social, mobile, and cloud computing are accelerating the demand for IoT in retail market. Furthermore, with the rapid technological shift and continuous deployment & migration of mobile devices, the demand for IoT in retail is increasing rapidly.
Global IoT in Retail Market: Drivers and Challenges
Drivers
The growing trend of digital infrastructure is the primary factor which is driving the growth of IoT in retail market. Also, the rise in the digital technologies and improvement in the wireless infrastructure, the IoT in retail market is expected to grow rapidly in coming few years. Various retail organizations are adopting IoT in retail solutions due to the growing need for better customer services and response. The increasing internet penetration is also creating potential opportunities for the growth of IoT in retail market.
The rising trend of automation is also driving the growth of IoT in retail market. Moreover, development and implementation of smart technologies is also fuelling the growth of IoT in retail market. Also, the declining cost of IoT components such as sensors and RFID are also driving the demand for IoT in retail. Apart from this, the increasing usage of mobile applications is creating potential opportunities for IoT in retail market.
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Challenges
With the development of technology, the risk of threats also increase which is the primary challenge for the IoT in retail market. Issues associated with data privacy and security are expected to hamper the growth of IoT in retail market. Moreover, device compatibility issues and lack of common standards are the major factors which hinders the growth of IoT in retail market.
Global IoT in Retail Market: Segmentation
Segmentation of the IoT in Retail Market on the Basis of Component:
Hardware Sensors RFID tags Wearable Other Software Services Remote Device Management Professional Services Managed Services
Segmentation of the IoT in Retail Market on the Basis of Technology:
Zig bee Wi-Fi Bluetooth Others
Segmentation of the IoT in Retail Market on the Basis of Application:
Global IoT in Retail Market: Competition Landscape
Key Players
Prominent players in the global IoT in retail market are ARM Holdings, Google Inc., IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., SAP SE, Zebra Technologies, Amazon Web Services, Intel Corporation, Atmel Corporation, PTC, Inc., and Softweb Solutions.
Global IoT in Retail Market: Regional Overview
On the basis of geography, North America is expected to be a large market for IoT in retail, due to the early adoption of digital technologies and the presence of various key players in the region. The demand for IoT in retail in APAC and Europe is expected to grow rapidly in the coming few years, owing to the rapid development in digital infrastructure. Moreover, the rapid technological shift and continuous deployment & migration of mobile devices in countries such as Japan, China, and India is also driving the demand for IoT in retail in Asia Pacific. The IoT in retail markets in Latin America is expected to witness high growth rates in the coming period, due to the rise in digital technologies and increasing penetration of internet users. The IoT in retail market in MEA is also increasing due to the high adoption of smart phones and tablets in the region.
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The report covers exhaustive analysis on:
Regional analysis for the global IoT in Retail market includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Digital Signage
Advertising & Marketing
Smart Shelf & Smart Doors
Supply Chain Management
Resource Management
Others
Market Segments
Market Dynamics
Historical & Actual Market Size, 2013-2017
Market Size & Forecast, 2018 to 2028
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved in the Market
Market Solutions Technology
Value Chain
Market Drivers and Restraints
North America
U.S.
Canada
Latin America
Argentina
Mexico
Brazil
Rest of Latin America
Western Europe
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe
Poland
Russia
SEA & Others of APAC
Australia and New Zealand (A&NZ)
India
ASEAN
Rest of SEA & Others of APAC
Japan
China
Middle East and Africa
GCC Countries
North Africa
South Africa
Rest of MEA
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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