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Retail Analytics Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

02-20-2024 01:14 PM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Retail Analytics Market Growth Factors, Segmentation, Trends,

As per the study initiated by Evolve Business Intelligence, the global Retail Analytics Market size accounted for USD 1.8 Billion in 2022, growing at a CAGR of 17.95% from 2023 to 2033. The retail analytics market involves the use of data analysis tools and techniques to gain insights into customer behavior, sales trends, and inventory management. The market is expected to reach a value of USD 11.1 billion by 2028, with a projected CAGR of 21.2%. The demand for retail analytics is driven by the increasing need for data-driven decision-making, the growing adoption of cloud-based solutions, and the rising demand for personalized customer experiences. The market is segmented by application, business function, component, organization size, end-user, and region, with solutions and services being the major components. Major players in the market include IBM Corporation, Microsoft Corporation, and Oracle Corporation.

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Key Highlights:
• The global Retail Analytics Market size was valued at USD 1.8 Billion in 2022 growing at a CAGR of 17.95% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Retail Analytics Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Retail Analytics Market players holding high market shares include IBM Corporation, MRI Software, Tech Mahindra and Retail Insights. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• IBM Corporation
• MRI Software
• Tech Mahindra
• Retail Insights
• Snowflake Inc.
• NielsenIQ
• Salesforce.Com Inc.
• Oracle Corporation
• Wipro Limited
• Fractal Analytics Inc.

Segmental Analysis
Market Segment By Component
• Services
• Solutions

Market Segment By Organization Size
• Large Enterprises
• Small and Medium Enterprises

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022191

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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Evolve Business Intelligence
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Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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