Big Data Analytics in Retail Market Insights Shared In Detailed Report 2022, Forecasts to 2027

The Big Data Analytics 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 Big Data Analytics 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 Big Data Analytics in Retail market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Big Data Analytics in Retail market.

The big data analytics in retail market was estimated at USD 4.18 billion in 2020. This market is expected to reach USD 13.26 billion by the end of 2026, registering a CAGR of 21.20% during the forecast period (2021-2026).

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Top Leading Companies of Big Data Analytics in Retail Market are - SAP SE, Oracle Corporation, Qlik Technologies Inc., Zoho Corporation, IBM Corporation, Retail Next Inc., Alteryx Inc., Salesforce.com Inc. (Tableau Software Inc.), Adobe Systems Incorporated, Microstrategy Inc., Hitachi Vantara Corporation, Fuzzy Logix LLC and others.

Industry News and Updates:

- May 2019 - Oracle partnered with Gap Inc. to deploy Oracle Retail Merchandising Cloud Service and Oracle Retail Integration Cloud Service, powered by Oracle Cloud Infrastructure, to drive operational agility and furnish the Banana Republic business teams with better intelligence to meet the evolving needs of its global customers and providing them with an excellent platform for shopping.

- May 2019 - SAP SE announced that NPC International (NPC), the world's largest Pizza Hut and Wendy's franchisee, has implemented SAP SuccessFactors solutions for human capital management (HCM) and SAP S/4HANA Cloud for enterprise resource planning (ERP). With the solutions rolled out to 40,000 US employees, NPC has successfully streamlined operations and created a digital path for the future.

Key Market Trends:

Merchandising and Supply Chain Analytics Segment Expected to Hold Significant Share

- E-commerce has had an impact on the traditional brick and mortar retailers, reducing their significance marking the data-driven revolution in the retail sector.
- An efficient supply chain, the optimized movement of goods from supplier to warehouse to store to the customer, is very critical to every business. Therefore, big data analytics is at the core of revolutionizing retail supply chain, i.e tracking and tracing product flow and stock levels in real-time, leveraging customer data to predict buying patterns, even using robots to tirelessly fulfill orders in vast automated warehouses.

North America Region Expected to Hold the Largest Share

- The retail sector in the region is huge and is witnessing an increase in sales. In the United States, according to the National Retail Federation (NRF), retail sales are expected to rise between 3.8% and 4.4% to more than USD 3.8 trillion in 2019, citing high consumer confidence, low unemployment, and rising wages.
- Besides, North America is among the leading innovators and pioneers, in terms of adoption, for Big Data analytics. The region boasts of a strong foothold of Big Data analytics vendors, which further contributes to the growth of the market. Some of them include IBM Corporation, SAS Institute Inc., Alteryx Inc., and Microstrategy Incorporated among others.

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:
- Big Data Analytics in Retail Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Big Data Analytics in Retail Market (%),2016 - 2026
- Big Data Analytics in Retail Market Share, By Brand
- Big Data Analytics in Retail Market Share, By Company
- Big Data Analytics in Retail Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Big Data Analytics in Retail Market Value Analysis & Forecast
- Promising Big Data Analytics in Retail Development by Major Companies
- Detailed Big Data Analytics in Retail Portfolio of the Major Companies
- Major Deals in the Big Data Analytics in Retail Market
- Major Companies Analysis

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