openPR Logo
Press release

Reinventing Retail Engagement: A Vision of the 2033 Proximity Marketing Market

Proximity Marketing Market

Proximity Marketing Market

According to Persistence Market Research, proximity marketing will generate US$ 52.5 billion in 2023 and is expected to reach US$ 365 billion in 2033, representing a 21.4% CAGR. Cloud-based innovations and IoT advancements offer significant growth opportunities for the proximity marketing market.

A proximity marketing campaign is simply a mobile message sent at the right time and place to reach customers. Bridging offline and online marketing, helps businesses grow. Push notifications, beacons, and geofencing play an important role. With regard to mobile marketing, proximity marketing is considered to be the fastest way to gain an edge over the competition.

A proximity marketing service can include consulting services, software development and maintenance, integration services, and project management services. A variety of industries implement these strategies, including entertainment, healthcare, retail, transportation, and e-commerce.

It is no longer a luxury for advertisers or marketers to lack access to location-based technologies, since nearly 5 billion people have mobile phones around the world, including over 3 billion smartphone users. A new generation of retail concepts, such as mobile location analytics and proximity marketing, are becoming more prevalent.

Click Here to Get Free Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/33468

Smartphones and proximity technology, as well as an increased emphasis on business intelligence and rising competition, are driving the market growth. The proximity marketing industry has grown substantially in recent years thanks to intense competition among vendors across multiple industries and the growing importance of business intelligence (BI).

Besides boosting customer loyalty and growing user engagement, proximity marketing can be used by a variety of brands. On-site marketing activities or apps could be used to promote special offers without investing a fortune. In addition to the campaign performance analytics, brands will have access to e-commerce platform analytics. Through the program, retailers could monetize their brick-and-mortar spaces, while they could justify the spending on the spot.

Key Takeaways from Market Study

According to a recent study, indoor location marketing is expected to reach 21.3% by 2033.
The retail and e-commerce application market is expected to grow by 21.2% by 2033.
The proximity marketing market in the United Kingdom is projected to reach US$18.3 billion by 2033.
Japanese proximity marketing is predicted to grow at a CAGR of 22.5% over the next few years.
South Korea's proximity marketing market is expected to grow to US$ 14.7 billion by 2033.

"As smartphone adoption increases and e-commerce industries expand, proximity marketing will gain popularity on the market. Digital marketing and advanced technology will boost the market in the coming years," says an analyst at Persistence Market Research.

Get Full Access of this Report @ https://www.persistencemarketresearch.com/checkout/33468

Competitive Landscape

New products are being developed, companies are being acquired or merged, investments are being made, and partnerships are being formed to expand globally. In an intensely competitive market, proximity marketing companies will benefit from cost-effective products. As technology advances, the competition in the market will increase. Top players include:

Google Inc.
Microsoft Corporation
Apple Inc.
Zebra Technologies Corporation
Qualcomm Inc.
Inmarket LLC
Shopkick
Estimote Inc
Unacast
HID Global
Scanbuy, Inc.

Key Market Developments:

In April 2023, two of Russia's major retailers are experiencing significant sales and profit growth due to the trend of consumers switching to cheaper goods as they deal with inflation and economic decline. X5 Group's first quarter net sales jumped 15.7% to 689.2 billion roubles, excluding some e-commerce segments. Chizhik's hard discounter format posted a five-fold rise in sales, while Pyaterochka's proximity stores increased 12.2%.
In May 2023, Kansas dairy producers plan to raise their barns. Furthermore, K-State's new dairy is located in the growing Animal Health Corridor, which links Manhattan to Missouri, and near the National Bio and Agro-Defense Facility.

Know More about Report Inclusions

Persistence Market Research published a new market report on the proximity marketing market, covering a global industry analysis of 2018-2022 and forecasts for 2023 to 2033. This research report provides compelling insights on the basis of product type, application outlook, and sales channel, across all major regions.

The report also includes forecast factors and vital macroeconomic factors that are anticipated to boost the growth of the global market. It also addresses the restraints that are projected to hinder market growth, along with the latest trends and potential opportunities in the market.

You Can Customize this Report As per Your Requirement Click Here @ https://www.persistencemarketresearch.com/request-customization/33468

For additional information on how proximity marketing sales will increase in the near future, write to the team of expert research analysts at media@persistencemarketresearch.com

Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us: -

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Reinventing Retail Engagement: A Vision of the 2033 Proximity Marketing Market here

News-ID: 3229820 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for Proximity

Capacitive Proximity Sensors Market Report 2025
On Jul 28, 2025, Global Info Research released a research report titled "Global Capacitive Proximity Sensors Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report provides detailed data analysis of the Capacitive Proximity Sensors market from 2020 to 2031. Including the market size and development trends of Capacitive Proximity Sensors Market, it analyzes market size indicators such as sales, sales volume, average price and
Elevator Proximity Sensors Market
Elevator Proximity Sensors Market Overview Elevator Proximity Sensor is an elevator device that detects a passenger or an object on the doorway which prevents the doors from closing. This report provides a deep insight into the global Elevator Proximity Sensors market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and
Proximity Sensors Market - Progression in Consumer Gadgets to Boost the Demand f …
The worldwide proximity sensor market is foreseen to be very competitive as a result of the emergence of many major firms that hold huge market shares. These vendors compete on the basis of price, reputation, quality, and delivery capabilities to increase greatest market footing amid the gauge time frame. The seller scene in the worldwide proximity sensors market is an exceptionally divided one. Owing to high competition in the worldwide
Proximity Sensors Market: Advancement in Capacitive Proximity Sensing Technique …
Global Proximity Sensors Market: Overview The global proximity sensors market report provides analysis for the period 2015–2025, wherein the period from 2017 to 2025 is the forecast period and 2016 is the base year. The report covers all the major trends and technologies playing key role in proximity sensors market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the forecast
Proximity Sensors Market: Advancement in Capacitive Proximity Sensing Technique …
The worldwide proximity sensor market is foreseen to be very competitive as a result of the emergence of many major firms that hold huge market shares. These vendors compete on the basis of price, reputation, quality, and delivery capabilities to increase greatest market footing amid the gauge time frame. The seller scene in the worldwide proximity sensors market is an exceptionally divided one. Owing to high competition in the worldwide
Handset Proximity Sensors Market - Known To Be The Most Cost-Effective And Non-I …
Global Handset Proximity Sensors Market: Overview Modern smartphones are packed with a number of sensors that enable them to collect a variety of different kinds of data on who the user is, what the user is doing, and more. Most sensors are added to make smartphones more engaging, convenient, and increasingly useful for the user. Handset proximity sensors are commonly found in touchscreen smartphones and play the primary role of disabling