IoT in Retail Market to gain remarkable traction from Managed services segment | Top Key Players are Accenture, Amazon, Cisco, Dell, Hewlett Packard Enterprise, Hitachi

IoT in Retail Market in managed services segment is expected to witness speedy growth during the forecast period. 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.

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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.

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

1. Accenture
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. NXP Semiconductors
13. Oracle
14. SAP
15. Verizon
16. Zebra Technologies
17. Telit

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

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.

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Enormous volume of data is generated by the systems in the IoT network, creating the demand for intelligent and sophisticated data management solutions. The device management platforms allow the users to gather and analyze the information to enhance the operational efficiency, optimize store operations and productivity resulting in achieving desired business goals. Due to the rising demand for management of devices in the IoT network, the network device management segment will witness considerable the IoT in Retail market growth.

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.

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 industry 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.

Top Companies in the IoT 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 key industry insights spread across 150 pages with 156 market data tables & 12 figures & charts from the report, IoT in retail market in detail along with the table of contents:

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

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