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Retail Analytics Market Growth, Key Players, and Trends: A 2025 Global Market Report
Retail Analytics Market
The exhaustive surge in the retail analytics market encourages increased competition and focus on customer experience, resulting in robust growth rates and sustained market enhancement.
What Is The Projected Market Size Of The Global Retail Analytics Global Market Report 2025 And Its Growth Rate?
The global retail analytics market is seeing exponential growth in recent years:
• It grew from $8.66 billion in 2024 to $10.85 billion in 2025, a CAGR of 25.3%
• Growth in the historic period can be attributed to competition in retail, customer focus, loyalty program adoption, big data analytics emergence, e-commerce growth, and increased demand for personalization.
• The market is projected to expand to $24.79 billion in 2029 at a CAGR of 22.9%
• This exponential growth in the forecast period will be driven by enhanced fraud detection, omnichannel strategies expansion, real-time analytics, sustainability analytics demand, privacy and compliance concerns, and retail chains' international expansion.
What Is Driving The Growth In The Retail Analytics Global Market Report 2025?
Digitalization of customer experiences and retail operations acts as a significant propeller for the retail analytics market. This transformation process utilizes digital technologies to create new possibilities for building revenue and boosting value creation. In 2022, according to the UK government's report, the digital sector contributed £158.3 ($207.05) billion to the UK economy, denoting a 7.2% share of the UK Gross Value Added (GVA). This has accelerated from 7.1% in 2021, showcasing digitalization's immense role in enhancing customer experience and retail operations and stimulating retail analytics market growth.
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Who Are the Key Players Driving Retail Analytics Global Market Report 2025 Growth?
The major contributors to the retail analytics market growth include:
• Microsoft Corporation
• HCL Technologies Limited
• IBM Corporation
• 1010data Inc.
• FLIR Systems Inc.
• Radius Networks Inc.
• Manthan Software Services Pvt. Ltd.
• Wipro Limited
• Capgemini SE
• TIBCO Software Inc., and others
What Are The Key Trends In The Retail Analytics Global Market Report 2025?
Forecast trends in the retail analytics market include:
• Focus on customer experience analytics
• Omnichannel analytics for seamless integration
• Real-time analytics for instant decision-making
• Visual and image analytics
• Cloud-based analytics solutions
• Customer segmentation and targeted marketing
• Collaboration with analytics service providers
What Are The Segments Of The Global Retail Analytics Global Market Report 2025?
The retail analytics market report encapsulates these segments:
1) By Component: Solutions, Services
2) By Function: Customer Management, Merchandising, Store Operations, Supply Chain, Strategy And Planning
3) By Deployment Model: On-Premise, Cloud
4) By End User: Offline, Online
Which Region Leads The Retail Analytics Global Market Report 2025?
In 2024, North America had the largest market share in the retail analytics market. Expected to grow the fastest in the forecast period, the Asia-Pacific region shows significant potential. The report covers the retail analytics market in regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Retail Analytics Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Retail Analytics Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail Analytics Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Retail Analytics Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail Analytics Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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