Press release
Retail Analytics Software And Services Market In-Depth Qualitative Insights And Future Growth Analysis
Retail Analytics Software And Services Market
As per the report, the retail analytics software and services market size has grown rapidly in recent years. It will grow from $1.77 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The retail analytics software and services market size is expected to see rapid growth in the next few years. It will grow to $4 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15257&type=smp
Surge In Retail And E-Commerce Sector Fuels Growth In The Retail Analytics Software And Services Market
The rise in the retail and e-commerce sectors is expected to propel the growth of the retail analytics software and services market going forward. The retail and e-commerce sectors refer to businesses that sell goods and services directly to consumers through physical stores or online platforms, facilitating transactions and the distribution of products. The rise in retail and e-commerce can be attributed to increased convenience and accessibility for consumers, alongside technological advancements facilitating seamless online transactions and personalized shopping experiences. Retail analytics software and services empower retailers and e-commerce businesses to optimize operations, enhance customer experiences, and drive sales through data-driven insights and decision-making. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, total e-commerce sales reached an estimated $1,118.7 billion, reflecting a 7.6% increase compared to 2022. Moreover, the total retail sales for 2023 experienced a 2.1% increase compared to the previous year. The e-commerce sales in 2023 constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the rise in the retail and e-commerce sectors is driving the growth of the retail analytics software and services market.
Innovative Technologies in Retail Analytics
Major companies operating in the retail analytics software and services market are developing innovative technologies such as smart store analytics, to advance the retail offering and solution. Smart Store Analytics is a data platform that enables retailers to deploy autonomous shopping technology cost-effectively. For instance, in January 2023, AiFi Inc., a US-based Software company, in partnership with Microsoft Corporation, a US-based technology company, launched smart store analytics, a tracking service for cashierless outlets. The platform uses AiFi's computer vision algorithm to recognize shoppers' behaviors, including what they pick up and place in their carts. It automatically charges their payment cards when they're ready to check out. Smart store analytics provides insights into customer shopping behaviors, foot traffic patterns, product interactions, and other metrics without relying on facial recognition or biometric data.
The retail analytics software and services market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Application: Merchandising Analysis, Pricing Analysis, Customer Analytics, Promotional Analysis And Planning, Yield Analysis, Inventory Analysis, Other Applications
3) By Distribution Channel: Online, Offline
4) By Organization Size: Large Enterprises, Small And Medium Enterprises
5) By Business Function: Finance, Marketing And Sales, Human Resources, Operations
Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=15257&type=discount
Major companies operating in the retail analytics software and services market report are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Infosys Limited, Square Inc., Wipro Limited, Dassault Systèmes SE, Shopify Inc., The Sage Group plc, Lawson Software Inc., Epicor Software Corporation, Zoho Corporation Pvt. Ltd., Manhattan Associates Inc., Lightspeed POS Inc., Kinaxis Inc., Retalix Ltd., BluJay Solutions LLC, Retail Pro International LLC, Logility Inc., Fishbowl Inventory LLC, Brightpearl Limited, Wasp Barcode Technologies LLC, Archon Systems Inc., HighJump Software Inc., Aldata Solutions, Ordoro Inc
Contents of the report:
1. Executive Summary
2. Retail Analytics Software And Services Market Report Structure
3. Retail Analytics Software And Services Market Trends And Strategies
4. Retail Analytics Software And Services Market - Macro Economic Scenario
5. Retail Analytics Software And Services Market Size And Growth
…..
27. Retail Analytics Software And Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/retail-analytics-software-and-services-global-market-report
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Retail Analytics Software And Services Market In-Depth Qualitative Insights And Future Growth Analysis here
News-ID: 3565723 • Views: …
More Releases from The Business research company
Automotive Tire Industry Set to Achieve $179.04 Billion Milestone by 2029 | Stea …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Automotive Tire Market Size 2025?
In recent times, the automotive tire market has seen a consistent growth. It is projected to escalate from $138.64 billion in 2024 to $143.87 billion in 2025, achieving a compound annual growth rate (CAGR) of 3.8%. The expansion during…
Future of Cargo Drones Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Cargo Drones Market by 2025?
In recent times, the market size of cargo drones has experienced exponential growth. It is expected to surge from $1.73 billion in 2024 to $2.32 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 33.8%.…
Global Vehicle Subscription Market Expansion at 24% CAGR, Valued at $19.5 Billio …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Vehicle Subscription Market Size Forecast for 2025?
In recent times, the vehicle subscription market has seen a tremendous increase in its size. It is predicted to rise from $6.61 billion in 2024 to $8.25 billion in 2025, with an impressive compound annual growth rate (CAGR) of 24.8%.…
Frozen Storage Market Growth to be Driven by Emerging Trends | $191.52 Billion b …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Frozen Storage Industry?
The frozen storage industry has seen robust expansion in the past years. The market, which was valued at $127.16 billion in 2024, is projected to rise to $137.71 billion in 2025, with an annual compound growth rate (CAGR) of 8.3%.…
More Releases for Retail
Driving Retail Innovation: Blockchain Revolutionizes the Retail Sector
[City, Date] - Retail blockchain, hailed as a disruptive technology, is reshaping the retail sector by securely recording digital transactions on a distributed ledger. This innovative approach enables retailers to meticulously track stock origins, exercise precise control over their offerings, and instill trust across various applications including smart contracts, consumer experience management, transaction management, and supply chain management.
The Blockchain in Retail Market is projected to reach $25.8 billion by 2029,…
Retail Clinics Market - Transforming healthcare delivery through retail clinics
Newark, New Castle, USA: The "Retail Clinics Market" provides a value chain analysis of revenue for the anticipated period from 2021 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Retail Clinics Market: https://www.growthplusreports.com/report/retail-clinics-market/7728
This latest report researches the industry structure, sales, revenue,…
India Retail Market Top Key Players – Reliance Retail, V Mart, D Mart, Pantalo …
Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. With the arrival of several new players, Indian retail has become one of the most dynamic and fast industries. The sector is the largest source of employment after agriculture and has deep penetration into rural India generating more than 10 per cent of India’s GDP.
With the advancement in…
Retail IoT Software Market 2020-2026 | Coffee Cloud, Honeywell Connected Retail, …
The Research Insights has included a report, titled a global Retail IoT Software market to its extensive repository. This analytical report has been compiled by using primary and secondary research techniques. The global market research report offers in-depth analysis of global market trends, platforms, drivers, restraints and opportunities. It also presents a complete overview of the global market with respect to current statistics, historical records, and future predictions.
Retail IoT software…
Global Organized Retail Market 2019 - Pantaloons Retail, Reliance Retail, Shoppe …
Organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store. Organized retail also includes internet retailing, which is the process of buying and selling products and services, such as COD, card on delivery, or trial services, through the internet.
Get Free Sample Copy of Report Here: http://bit.ly/2DdvEVA
Scope of the Report:
This report…
Retail Display Industry Segment Analysis by Product Type Touch-screen retail dis …
The displays that are used in retail applications like POS systems, kiosks, ATMs, and digital signage are referred to as retail displays. The touchscreen displays segment in the retail sector accounted for the maximum market share during 2017. In 2018, the global Retail Display market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. In this study,…
