Internet of Things (IoT) in Retail Market: Industry Analysis and Forecast (2017-2026)- by Emerging Technologies, Leading Players, Key Trends, Global Demand, and Total Market Share

Internet of Things (IoT) in Retail Market was valued US$ 15.10 Bn in 2017, and is expected to reach US$ 40 Bn in 2026, at CAGR of 12.95% during forecast period.

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Deployment of Internet of Things (IoT) through retail sector is expected to boost innovation in stores, improves overall experience, and deliver offers and promotions based on browsing and purchase history.

Increasing penetration across applications like, digital signage, payment, and supply chain management is contributing in growth of industry. Ongoing evolutions in retail like, Omnichannel shopping and rapid smartphone adoption rate are enabling retailers to create a brick-and-mortar shopping experience. Smart retailers are engaging with the right technology and making stores more interactive. Smartphones and tablets enabled with Bluetooth Low Energy (BLE) are used for product promotions, thereby encouraging social sharing. Software market in IoT in retail is expected to flourish in the coming years owing to the increasing usage of mobile applications. So the companies are increasingly investing in managed IT services due to growing retail industry thereby propelling the market.

Increasing penetration of e-commerce platforms has forced traditional retailers to become capable of using connected technologies. Implementation of IoT in retail stores has allowed retailers to determine customers’ profiles and their buying history by coordinating with wearable devices. Production of connected devices and the adoption of collective standards are contributing to the growth of IoT-enabled capabilities across the retail industry.

European region contributed to global industry and started growing significantly in 2016. Increasing adoption of beacons in economies such as France and U.K. are contributing to regional growth. For instance, Les Terrasses du Port, a prominent shopping center in France, has deployed one of the largest networks of BLE beacons in the region, allowing retailers such as H&M and Zara to deliver promotional offers and information to customers’ smartphones. Moreover, regional beacon manufactures are providing content management systems used by retailers to deliver offers and mobile apps for enhancing their efficiency.

Key players operated in market include Omnitrol, Engage3, Snapbizz, Minodes, Plexure, Kontakt.Io, Software Automation, Kwikt, Bluefox.Io, Leantegra, Lti, Allerin, Microsoft, Intel, Softweb Solutions, Oracle Impinj Inc, Cognizant, Everything, Sensegiz, Altiux Innovations, Techwave, Harman, Amazon, Happiest Minds, Honeywell, Alibaba Wallmart, Success Stories / Case Studies, Amazon, Ralph Lauren, Rebekaminkoff, Target.

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Scope of Internet of Things (IoT) in Retail Market:

Internet of Things (IoT) in Retail Market by Services:
• Professional Service
• Managed Service

Internet of Things (IoT) in Retail Market by Platform:
• Device Management
• Application Management
• Network Management

Internet of Things (IoT) in Retail Market by Component:
• Hardware
• Software Networks
• Radio Frequency Identification
• Near Field Communication
• Wi-Fi

Internet of Things (IoT) in Retail Market by Technology:
• Sensors Network
• RFID
• Connectivity Technology

Internet of Things (IoT) in Retail Market by Application:
• Digital Signage
• Supply Chain Management
• Payment
• Smart Shelf &Doors

Internet of Things (IoT) in Retail Market by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa

Key players operated in market includes:
• Omnitrol
• Engage3
• Snapbizz
• Minodes
• Plexure
• Kontakt.Io
• Softwear Automation
• Kwikt
• Bluefox.Io
• Leantegra
• Lti
• Allerin
• Microsoft
• Intel
• Softweb Solutions
• Oracle Impinj Inc
• Cognizant
• Everythng
• Sensegiz
• Altiux Innovations
• Techwave
• Harman
• Amazon
• Happiest Minds
• Honeywell
• Alibaba Wallmart
• Success Stories
• Case Studies
• Amazon
• Ralph Lauren
• Rebekaminkoff
• Target.

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