India Retail Market Top Key Players - Reliance Retail, V Mart, D Mart, Pantaloons, Future Lifestyles and Fashions, Shoppers Stop, Future Retail, Trent Retail, The Raymond group, Bombay Dyeing

The India Retail Market is emerging as one of the most dynamic and fast-paced industries with the participation of several new players. With the arrival of several new players, retail in India has become one of the most dynamic and fast industries. The sector is the largest source of employment after agriculture, penetrating deeply into rural India and producing over 10% of India's GDP.

With advances in technology, Internet, and engineering, many retailers are adopting and using Internet of Things Big Data technology, RFID and other technology software and programs to enhance customer engagement to improve the efficiency of customer experience retailers.

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INDIA RETAIL MARKET DYNAMICS

• Organized and unorganized, the Indian retail management industry employs approximately 40,000 Indians. A typical Indian retail store is very small. Over 14 million stores operate in the United States, of which only 4% are 46m 2 over 500 square feet (46m 2). There are about 11 stores in India for every 1000 people.

• The three categories of products with the highest retail sales include groceries, clothing, and furniture. Among these categories, grocery retail is positioned as a major category because it occupies an important place in satisfying one of the basic needs of every human being i.e food.

• In the last few years, retail sales in India have been traveling at about 3335% of GDP compared to 20% of the US. The Indian retail industry is the fifth largest in the world. India's retail industry, comprising both organized and unorganized sectors, has been one of the fastest growing industries in India, especially in the last few years.

INDIA RETAILMARKET SEGMENTATION

The Indian Market of Retail can be segmented into following categories for further analysis.

By Product Application
• Food and Beverages
• Personal and Household
• Apparel and Footwear
• Furniture
• Toys and Products
• Electronic and Household
• Other product categories

By Technology Integration Type
• Voice Search Based
• In store digital display based
• Social shopping based
• Geo location services based
• Visual search based
• Smart fitting based
• AI and ML based
• IOT Based
• Big Data based

By Distribution Channel Type
• Supermarket / Hypermarkets
• Speciality Stores
• Convenience Stores
• Online Stores
• Other Distribution Channels

By Regional Classification
• Western Region – India
• Eastern Region – India
• Southern Region – India
• Northern Region – India

RECENT MARKET TECHNOLOGICAL TRENDS IN RETAIL SEGMENT

• Technological advances in artificial intelligence and other components and the recent integration of visual technologies in motion or sensors have recently expanded the retail sector and are creating better presence and virtual reality-based experiences for customers. It can be seen that the inclusion of different technologies in the industry is expanding its reach and encouraging the industry through the viability of the approach.

• The Internet of Things (IoT) is a network where literally billions of physical devices communicate with each other and share data. IoT provides the retail industry with great potential to create more engaging and innovative shopping experiences. One such application is signaling. This is a small wireless device with Bluetooth Low Energy (BLE) that sends a continuous signal.

COMPANIES PROFILED
• Reliance Retail
• V Mart
• D Mart
• Pantaloons
• Future Lifestyles and Fashions
• Shoppers Stop
• Future Retail
• Trent Retail
• The Raymond group
• Bombay Dyeing

Read More Information: https://mobilityforesights.com/product/india-retail-market/

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This release was published on openPR.