Press release
Internet of Things in Retail Market 2021 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2026
The Internet of Things in Retail Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Internet of Things in Retail market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Internet of Things in Retail market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Internet of Things in Retail market.The global internet of things in retail market was valued at USD 35.63 billion in 2020 and is expected to reach USD 67.60 billion by 2026 witnessing a CAGR of 11.3% over the forecast period (2021 - 2026).
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Top Leading Companies of Internet of Things in Retail Market are - Amazon Web Services Inc., AT&T Inc., Ayla Networks Inc., Bosch Software Innovations GmbH, Cisco Systems Inc., Fujitsu Ltd, General Electric, Google Inc., Hewlett Packard Enterprise, Hitachi Ltd, Huawei Technologies Co. Ltd, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Siemens AG and others.
Industry News and Updates:
- January 2019 - Amazon Web Services, Inc. announced AWS Backup, a fully-managed, centralized backup service that makes it faster and simpler for customers to back up their data across AWS services and on-premises, helping customers more easily meet their business and regulatory backup compliance requirements.
- July 2018 - IBM Watson IoT accelerated business transformation in Europe, as European clients are increasingly opting for Watson IoT. The examples of the company’s commitment to improving operations are - its contracts with a Spanish electricity grid operator (Red Electrica de Espaea), an Italian elderly care provider (Cooperativa Sole), a Dutch telecommunications operator (Tele2), and an Israeli manufacturer of smart air conditioning (Electra Group), with the power of Artificial Intelligence (AI)-enabled and IBM’s cloud-based Internet of Things technologies.
Key Market Trends:
Software Component Expected to Hold Significant Share
- The major growth of internet shopping can be attributed to higher transaction values and increased order frequency. IoT can optimize supply chain management, reduce inventory error, and decrease labor costs. Ultimately, IoT can help your traditional brick-and-mortar shop compete with today’s online-first shopping world, by exponentially improving customer experience and decreasing unnecessary expenses.
- There are different kinds of software solutions that IoT provide for the betterment of retail sector: Qliktag, Evrythng, ThinFilm NC solutions, Gimble, Kaa Projects, Wise Shelf, Swirl, Memomi, Authentic or Not, Queuehop.
North America to Hold Largest Share
- The growth of network-connected devices, systems, and services that use IoT creates considerable opportunities and benefits. Moreover, US consumers are increasingly using IoT devices, for various applications.
- According to the US Census Bureau, retail sales hit a record of USD 5.7 trillion in 2017, with a y-o-y rise of 4.5%, and a 42% increase from 2009's record low of USD 4.06 trillion. The major shift in US retail can be attributed to two significant shifts, i.e., technology and changes in consumer behavior.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Internet of Things in Retail Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Internet of Things in Retail Market (%),2016 - 2026
- Internet of Things in Retail Market Share, By Brand
- Internet of Things in Retail Market Share, By Company
- Internet of Things in Retail Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Internet of Things in Retail Market Value Analysis & Forecast
- Promising Internet of Things in Retail Development by Major Companies
- Detailed Internet of Things in Retail Portfolio of the Major Companies
- Major Deals in the Internet of Things in Retail Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082591594/internet-of-things-in-retail-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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