Press release
Retail Analytics Market to Reach USD 25.57 Bn by 2029, emerging at a CAGR of 19.5 percent and forecast 2023-2029
Retail Analytics Market
Maximize's report goes beyond mere data, providing an in-depth examination of the retail analytics sector. It highlights how retail analytics empowers businesses to extract and unlock the value inherent in data, leading to informed decisions and a deeper understanding of their customer base.
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Retail Analytics Market Research Methodology:
The report employs a robust research methodology to provide valuable insights into the retail analytics market, considering the most recent developments and trends. While many retailers initially expressed confidence in their ability to navigate the challenges that arose over the past two years, unanticipated headwinds have created a more complex market environment. Factors such as rising costs due to fuel and raw material prices, a global cost of living crisis, and the impact of the Russian military invasion of Ukraine have affected supply chains and business operations worldwide.
What are Retail Analytics Market Dynamics:
A prominent trend shaping the retail industry is the shift toward omnichannel retailing. Businesses are increasingly moving away from traditional brick-and-mortar stores and opting for online marketplaces to showcase their products. This transition has been particularly pronounced in the fashion industry, where retailers are embracing online platforms to reach a broader audience while reducing the costs associated with maintaining physical stores.
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What is Retail Analytics Market Segmentation:
by Type
• Software
• Services
o Training & Consulting
o Integration and Deployment
o Managed Services
by Deployment
• On-premise
• Cloud
by Enterprise Size
• SMEs
• Large Enterprises
by Application
• Customer Management
• Merchandising
• In-Store Operations
• Supply Chain
• Strategy & Planning
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Who are Retail Analytics Market Key Players:
• Microsoft Corporation (US)
• clickworker GmbH (US)
• Field Agent Inc (US)
• MicroStrategy Incorporated (US)
• Oracle Corporation (US)
• QlikTech International AB (US)
• Salesforce, Inc (US)
• SAS Institute Inc (US)
• Teradata Corporation (US)
• TIBCO Software Inc (US)
• Adobe Systems Incorporated (US)
• Altair Engineering Inc (US)
• IBM Corporation (US)
• Enhanced Retail Solutions (US)
• BeMyEye Holdings Ltd. (UK)
• Javelin Group (UK)
• SAP SE (Germany)
• Fit Analytics (Germany)
• Vemco Group (Denmark)
• HCL Technologies Limited (India)
• Wipro Limited (India)
• Fujitsu (Japan)
• Tapway (Malaysia)
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Table of content for the Retail Analytics Market includes:
Retail Analytics Market: Research Methodology
Retail Analytics Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Retail Analytics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Retail Analytics Market Regional Insights:
North America: The North American market led the way in 2022, with the United States playing a pivotal role. The United States stands out as a tech-savvy early adopter, with major corporations making significant investments in cutting-edge smart stores to stay competitive. Notably, Amazon has introduced actual Amazon Go food and convenience stores across the United States.
Asia Pacific: The Asia Pacific region is poised for significant growth throughout the forecast period. Featuring both developed and developing economies, the region secured the second-largest revenue share in 2022. China, India, and Japan are at the forefront of data management to drive data-driven business decisions and enhance retail operations. Major corporations are actively deploying smart stores in the region, further propelling the growth of the retail analytics market. For example, the renowned Swedish furniture and home goods company Ikea aims to expand its presence in India's major cities by establishing small-format stores in densely populated areas, in addition to larger outlets in each city.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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