Connected Retail Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global connected retail market is anticipated to grow at a CAGR of 3.1% during the forecast period (2023-2030). Changing demographics, shifts in consumer preferences, technological advances, and globalization are pushing consumer and retail organizations to cut costs, offer more value, and provide better customer service. To stay competitive and drive growth, loyalty and differentiation, brick and mortar retailers - and even newcomer digital wannabees - need to hyper-personalize customer engagement and deliver superior, connected customer experiences.

The "Connected Retail 2022" study by the EHI Retail Institute showed that retailers now offer or are planning to introduce a wide range of such connected retail services. Some instances of connected retail are:

• Real-time display of stock available in stores in the online store.

• Instore Order - the order is placed in the store and the items are delivered to the customer

• Click and Collect with in-store payment

• Click and Collect with online payment

• Click and Meet - online arrangement of consultation appointments in the store

• Instore Return - return of items ordered online in the store

• Ship from Store - delivery of articles ordered online via the store

The growing focus of retailers to deliver personalized experience to their customers has been contributing to the growth of the global connected retail market.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

• By Component

• By Technology

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- includes Cisco Systems Inc., Honeywell International Inc., IBM Corp., Intel Corp., and Microsoft Corp., among others.

Connected Retail Market Report Segment

By Component

• Hardware

• Software

• Services

By End-User

• ZIGBEE

• Near-Field Communication (NFC)

• Bluetooth Low Energy (BLE)

• Wi-Fi

• Others (Magnetic Positioning)

A full Report of Connected Retail Market is Available @ https://www.omrglobal.com/industry-reports/connected-retail-market

Connected Retail Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Apple Inc.

• Broadcom Crop.

• Motorola Solution Inc.

• Nokia Corp.

• Nowon Technologies Pvt. Ltd.

• NXP Semiconductors NV

• Qualcomm Technologies, Inc.

• Samsung Electronics Co. Ltd.

• SAP SE

• Siemens AG

• Softweb Solutions Inc.

• Spirent Communications PLC

• STMicroelectronics International N.V.

• Verizon Enterprise Solutions

• Zebra Technologies Corp.

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Media Contact:

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This release was published on openPR.