Press release
Big Data Analytics in Retail Market Sees Exponential Growth, Valued at $17.85 Billion in 2027
☛ Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2786
COVID-19 scenario-
► During COVID-19 the demand for big data analytics in retail has been accelerated owing to the increasing trend of e-commerce platforms. In addition, the change in the buying behavior of the customers has further enhanced demand.
► On the other hand, the optimization of business continuity has increased the adoption of big data analytics in retail, during the lockdown.
Based on component, the software segment contributed to the largest market share in 2019, holding more than two-thirds of the global big data analytics in retail market, and is expected to continue to dominate in terms of revenue throughout the forecast period. The increase in need to improve personalization at a transformational scale by allowing retail companies to enhance customer experience and growing requirements to provide more customized recommendations to the customers drive the growth of the segment. However, the services segment is estimated to maintain the highest CAGR of 23.1% from 2020 to 2027. This is owing to its adoption to ensure effective functioning of software and platforms throughout the big data analysis process.
☛ For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/2786
Based on deployment, the on-premise segment accounted for around two-third of the global big data analytics in retail market in 2019, and is expected to continue its lead position throughout the forecast period. The use of on-premise data analytics in retail to ensure data security majorly drives the growth of the segment. However, the cloud segment would register the highest CAGR of 23.2% during the forecast period. Increase in adoption of big data analytics in retail has been witnessed for manufacturing of high-precision components. Less investment needs on hardware infrastructure, flexible plans from vendors according to enterprise usage, and greater scalability augment the growth of the segment.
Based on region, North America attributed to nearly two-fifths of the global big data analytics in retail market in 2019, and is expected to maintain its dominant share by 2027. Adoption of AI integrated big data analytics in retail software by the service providers, continuous advancements in technology, and presence of major number of big data analytics in retail vendors drive the market growth in this province. On the other hand, the Asia-Pacific region is estimated to portray the fastest CAGR of 23.5% from 2020 to 2027. The adoption of cloud-enabled big data analytics in retail software, increase in popularity of fast internet connectivity, ever growing smartphone penetration, and rising popularity of e-commerce companies are the major factor propel the growth in this region.
☛ Buy Now & Get Exclusive Discount On This Report: https://www.alliedmarketresearch.com/request-sample/big-data-analytics-in-retail-market/purchase-options
☛ Access the full summary at: https://www.alliedmarketresearch.com/big-data-analytics-in-retail-market
Leading market players-
► Qlik Technologies Inc.
► RetailNext
► SAP SE
► SAS institute
► Teradata
► Alteryx Inc.
► IBM
► Microsoft
► Microstrategy Inc.
► Oracle Corporation
☛ Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/2786
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.
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 Big Data Analytics in Retail Market Sees Exponential Growth, Valued at $17.85 Billion in 2027 here
News-ID: 3320577 • Views: …
More Releases from Allied Market Research
Electric Vehicle Market Soars from $163.01 Billion in 2020 to $823.75 Billion by …
According to a recent report published by Allied Market Research, titled, "Electric Vehicle Market by Type, Vehicle Type, Vehicle Class, Top Speed and Vehicle Drive Type: Global Opportunity Analysis and Industry Forecast, 2020-2030," the global market size of EV industry was valued at $163.01 billion in 2020, and is projected to reach $823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030.
Asia-Pacific dominates the market in terms…
Unmanned Aerial Vehicle (UAV) Market Growing at 11.7% CAGR to Hit USD 70.91 bill …
The global unmanned aerial vehicle market was valued at $24.72 billion in 2020, and is projected to reach $70.91 billion by 2030, registering a CAGR of 11.7%. North America was the highest revenue contributor, accounting for $9.80 billion in 2020, and is estimated to reach $24.22 billion by 2030, with a CAGR of 10.0%. Asia-Pacific is estimated to reach $21.34 billion by 2030, at a significant CAGR of 15.6%.
Request…
Aerospace Adhesives Market CAGR of 5% | $1.5 billion Revenue by 2032
According to a new report published by Allied Market Research, titled, "Aerospace Adhesives Market," The aerospace adhesives industry was valued at $0.9 billion in 2022, and is estimated to reach $1.5 billion by 2032, growing at a CAGR of 5% from 2023 to 2032.
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/6109
The aerospace industry is being transformed with the aid of the adoption of superior production techniques such…
Defense IT Spending Market Predicted to Hit USD 137.65 billion by 2030, with a 6 …
The global defense IT spending market was valued at $79.68 billion in 2020, and is projected to reach $137.65 billion by 2030, registering a CAGR of 6.1%.
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/A12901
North America dominates the market, in terms of revenue, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global defense IT spending market share in North America region in 2020, owing to increase in…
More Releases for AMR
UGV Adoptions boost Global Autonomous Mobile Robots (AMR) Market
Inkwood Research expects the Global Autonomous Mobile Robots (AMR) Market to surge with a 21.31% CAGR during the forecast years between 2022 and 2030, generating $14473.73 million in revenue by 2030.
Browse 45 market Data Tables and 43 Figures spread over 224 Pages, along with an in-depth analysis of the Global Autonomous Mobile Robots (AMR) Market by Robot Type, End-User, & Geography.
This insightful market research report by Inkwood Research focuses on…
Electric Wheelchair Market CAGR to Grow at 17.1% | AMR
Global Electric Wheelchairs Market size in 2015 was valued at $1,597 million growing at CAGR of 17.1% to reach $4,846 million by 2022. Electric wheelchairs market has witness increased adoption owing to factors such as ease of mobility, convenience, growing worldwide elderly population and growing demand for advanced wheelchairs from the sports industry, as many sports events are organized for disabled persons such as wheelchair basketball, wheelchair rugby, and others.
Get…
Eyewear Market CAGR to Grow at 8.1% | AMR
Eyewear Market is expected to garner $141.3 billion by 2020, registering a CAGR of 8.1% during the forecast period 2015-2020. Eyewear comprises accessories that are worn over the eyes for vision correction or to protect eyes from debris, harmful radiations or excessive light. Eyewear includes spectacles, lenses and sunglasses worn for vision correction or protection of eyes from harmful UV lights and dust particles. Factors such as increasing life span,…
AMR Forecasts a Booming Cyber Security Market in Healthcare -Openpr
Healthcare industries globally have gone through rapid digitization. For instance, healthcare organizations focus on investing on enhanced patient monitoring solutions and healthcare information systems to improve patient care. Furthermore, drastic rise in the number of cyber-attacks and data breaches increases the need for enhanced data security solutions that are expected to ensure protection against hacking and unauthorized data access.
Download a Sample copy of Report: https://www.alliedmarketresearch.com/request-sample/2268
The global market was valued at…
Refrigerants Market to Experience Higher Growth by 2022 | AMR
"In 2015, the cost of azeotropic refrigerants is relatively higher than other refrigerants, but is expected to plummet by 2022, owing to rapid innovations in the production processes of azeotropic refrigerants and rise in their demand across several end user industries."
Refrigerants Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $18,509 million by 2022, registering a CAGR of 9.9% from 2016 to 2022.The…
Global AMR Smart Water Management Market Research Report 2017
Qyresearchreports include new market research report "Global AMR Smart Water Management Market Research Report 2017" to its huge collection of research reports.
This study on the global AMR Smart Water Management market is conducted with supreme assiduousness and comprehensiveness through commercial, market-oriented, and technical research. The results about the global AMR Smart Water Management market procured in the study are an out-turn of an extensive implementation of secondary sources such as…
