Global Connected Retail Market Expected to Reach US$ 43.96 Billion by 2028, Driven by Increasing Adoption of IoT and Advanced Technologies

[San Francisco, USA] - According to the report added on Trouve360Reports, The global Connected Retail market was valued at 21520 million in 2021 and is projected to reach US$ 43960 million by 2028, at a CAGR of 10.7% during the forecast period. The report, which looks at the market and its growth prospects from 2022 to 2028, gives a full picture of both.

The growth of connected devices and the use of smartphones and other mobile devices is what drives the connected retail market. With the Internet of Things (IoT), retailers can connect with customers in new and interesting ways, giving them a more personalized experience and driving sales.

The global connected retail market refers to the use of technology to connect different aspects of retail operations, including supply chain management, inventory management, customer engagement, and point-of-sale systems. The market is expected to experience significant growth in the coming years due to the increasing demand for seamless and personalized shopping experiences, the proliferation of mobile devices and IoT technologies, and the growing adoption of AI and machine learning in retail operations.

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The report shows how growth in the connected retail market is being driven by a few key trends. These things are:

• Mobile payments and contactless payments are becoming more popular, which is driving the use of connected retail solutions.

• The growing use of technologies like augmented reality (AR) and virtual reality (VR) in retail, which give customers more immersive shopping experiences.

• Retailers are using cloud computing and big data analytics, which allow them to collect and analyze huge amounts of data in real time. This helps them get better insights and make better decisions.

• The rise of omnichannel retailing, which lets retailers offer a seamless shopping experience across multiple channels, such as online, mobile, and in-store.

The report gives a detailed look at the global connected retail market, including the size of the market, its rate of growth, and the key drivers and challenges in the market. The report also gives an in-depth look at the competitive landscape and profiles of the most important companies in the market.

When the global connected retail market is looked at by region, some interesting trends become clear:

North America is the biggest market for connected retail, mostly because of how many people use technology and how many big stores are there. The US and Canada are two of the biggest reasons why the connected retail market in North America is growing. During the forecast period, the region is expected to continue to lead the market.

Europe: The connected retail market is expected to grow a lot there because more people are using advanced technologies like IoT and AI and more people want personalized shopping experiences. The connected retail market in Europe is growing mainly because of the UK, Germany, France, and Italy.

Asia-Pacific: The connected retail market is expected to grow the fastest there because the middle class is growing and people have more money to spend. The growth of the connected retail market in the Asia-Pacific region is mostly due to China, Japan, and India.

The connected retail market is expected to grow slowly in Latin America because more people are using technology and the e-commerce market is growing. Latin America's connected retail market is growing mostly because of Brazil, Mexico, and Argentina.

Middle East and Africa: The connected retail market is expected to grow a lot in these areas because more people are using technology and e-commerce is growing. The growth of the connected retail market in the Middle East and Africa is mainly due to Saudi Arabia, the United Arab Emirates, and South Africa.

For more information on the report, visit: https://www.trouve360reports.com/connected-retail-market-14815/

Some of the major companies in the connected retail market are Zebra Technologies, Softweb Solutions, SAP, PTC, Microsoft, Intel, IBM, Cisco Systems, Atmel, and ARM.

The connected retail market is growing quickly because more and more people are using connected devices, mobile devices, and the internet of things. The research predicts that this trend will continue in the coming years, with new technologies and solutions driving innovation in the retail industry.

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