Global Retail Analytics Market Value Expected to Grow at a CAGR of 22.47% During 2021-2027

Whipsmartmi.com offers "Global Retail Analytics Market 2021-2027" from its research database.

Retail Analytics Market is projected to grow up to USD 15.39 billion by 2027 growing at a CAGR of 22.47% during the forecasting period 2021-2027.

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Retail analytics is a procedure for analyzing of data and data gathering across the entire value chain in order to deliver analytical insights on supply chain activities, inventory levels, sales, consumer buying behavior, consumer demands, etc. which helps enterprises and organizations in taking marketing and procurement related decisions. Major features driving the growth of the global retail analytics market are growing rapid adoption and internet penetration of big data analytics and cloud-based services. Furthermore, technological advancements such as artificial intelligence, augmented reality, and machine learning are further driving progress of the global retail analytics market. Major features hampering the development of the global retail analytics market are lack of alertness in certain regions, high analytics cost, and inability to understand offline market behavior of consumers. Moreover, integration of complex systems is a challenge which is expected to hamper the development of the global retail analytics market.

The key players included in this market are Microsoft, IBM, Oracle, Salesforce, SAP, AWS, SAS Institut, Qlik, Manthan, Bridgei2i, MicroStrategy, Teradata, HCL, Fujitsu, Domo, Google, FLIR Systems, Information Builders, Capillary and RetailNext

The Retail Analytics Market report has been categorized as below
By Business Function
· Finance
· Marketing and sales
· Human Resources
· Operations

By Organization Size
· SMEs
· Large Enterprises

By Component
· Solutions
· Services
· Professional Services
· Managed Services

By Application
· Merchandising analysis
· Pricing analysis
· Customer analytics
· Promotional analysis and planning
· Yield analysis
· Inventory analysis
· Others

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