Press release
Global 5G in Retail Market Size - Forecast to 2026
According to a new market research report published by Global Market Estimates, the Global 5G in Retail Market is projected to grow at a CAGR value of around 19.8% during the forecast period [2021 to 2026]. The advent of e-commerce has resulted in the ongoing trend of internet shopping consumption patterns and the growing demand to enhance consumer experience and overall efficiency are some of the factors driving the market growth during the forecast period.Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global 5G in Retail Market - Forecast to 2026”
https://www.globalmarketestimates.com/market-report/5g-in-retail-market-3569
By Communication Type (Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-reliable low latency communications (URLLC), Massive Machine Type Communication (MMTC)), By Technology (Personalized Digital Signage, Augmented Reality (AR) & Virtual Reality (VR) Technology, Video Analytics, Interactive Mobile Apps), By Application (Customer Experience Personalization, Supply Chain Optimization, Innovating In-Store Experiences, Store Management Efficiency, Workforce Management), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East and Africa)
Key Market Insights
• By leveraging 5G technology, the retail industry can allow for greater customer satisfaction through personalized offers, recommendations, and deployment of AR & VR immersive shopping experiences
• Rapid urbanization and rise in internet shopping in countries like Singapore, Australia, Japan, and South Korea are expected to result in the growth of the market in the APAC region
• The application of 5G technology for customer experience personalization is expected to have the largest share in the market during the forecast period as with lower latency, businesses will be able to adapt to purchasing habits and attitudes in real-time with data analytic tools.
• The augmented reality (AR) & virtual reality (VR) technology has the largest share in the market during the forecast period as augmented and virtual realities consume a significant amount of processing power and cellular data.
• Tech Mahindra, Ericsson, Carritech, Infosys, Vodafone Limited, Samsung, Huawei, LG, Qualcomm, Nokia, ZTE Corporation, NEC Corporation, Verizon, Orange, AT&T, Cisco Systems, Qualcomm, American Tower, and Microsoft Azure, among others are the key players in the 5G in retail market.
Browse the Report @ https://www.globalmarketestimates.com/market-report/5g-in-retail-market-3569
Communication Type Outlook (Revenue, USD Billion, 2021-2026)
• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable Low Latency Communications (URLLC)
• Massive Machine Type Communication (MMTC)
Technology Outlook (Revenue, USD Billion, 2021-2026)
• Personalized Digital Signage
• AR & VR Technology
• Video Analytics
• Interactive Mobile Apps
Application Outlook (Revenue, USD Billion, 2021-2026)
• Customer Experience Personalization
• Supply Chain Optimization
• Innovating In-Store Experiences
• Store Management Efficiency
• Workforce Management
Region Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA
Contact: Yash Jain
Email address: yash.jain@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php
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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.
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