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IoT in Retail Market Size, Trends, Global Opportunities, Share Analysis 2027 | Valuates Reports

11-19-2021 09:37 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

IoT in Retail Market Size, Trends, Global Opportunities, Share

The global Internet of Things in Retail market size is projected to reach US$ 40340 million by 2027, from US$ 20280 million in 2020, at a Compound Annual Growth Rate (CAGR) of 10.2% during 2021-2027. Major factors that are expected to drive the growth of IoT in Retail Market size include steadily declining IoT-based sensor and connectivity prices, increased acceptance of smart payment solutions, and consumer demand for a seamless shopping experience.

IoT in Retail refers to the use of a range of Internet of Things technologies and management methods in the retail industry. IoT offers retailers opportunities for the development of an ecosystem that connects the physical and digital world. The retail industry has witnessed wide utilization of connected products by adopting an integrated platform.

Inquire for sample report: https://reports.valuates.com/request/sample/QYRE-Othe-1H283/iot_in_retail_market

The declining cost of sensors worldwide helps businesses to deploy them in even smaller web-based solutions and, in turn, increases the IoT in retail market size. In enhanced devices, the main function of these modules is to collect the surrounding information and forward it to management systems.

Over the forecast period, APAC is projected to have the highest growth potential in the IoT in the retail market. This rise can be attributed to ongoing smart city projects and the region's fast-declining sensor costs. China's adoption of IoT technologies is enormous, and India is showing significant growth.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1H283/iot-in-retail

Leading Players in the IoT in Retail Market
➣Intel
➣Microsoft
➣PTC
➣IBM
➣Cisco
➣SAP
➣Zebra
➣Google
➣ARM
➣NXP Semiconductors
➣Softweb Solutions
➣Carriots

IoT in Retail Market by Type
➣Beacons
➣RFID Tags
➣Sensors
➣Wearables
➣Others

IoT in Retail Market by Application
➣Physical Business
➣E-commerce

IoT in Retail Market by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA

Similar Reports:

Smart Retail Market: https://reports.valuates.com/market-reports/QYRE-Othe-4D232/smart-retail

Retail Analytics Market: https://reports.valuates.com/market-reports/QYRE-Auto-9U1979/global-retail-analytics

Big Data Analytics in Retail Market: https://reports.valuates.com/market-reports/ALLI-Manu-1H34/big-data-analytics-in

Retail Automation Market: https://reports.valuates.com/market-reports/QYRE-Auto-22J2130/global-retail-automation

Electronic Shelf Label Market: https://reports.valuates.com/market-reports/ALLI-Manu-4Y30/electronic-shelf-label

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