Exploring The Exponential Growth of IoT in Retail Globally: Market Size, CAGR, Key Factors and Trends

_x000D_
The IoT (Internet of Things) in the retail sector is expanding at an unprecedented rate, driven by factors such as data-driven decisions, customer engagement evolution, inventory optimization, enhanced experiences, and security measures._x000D_
_x000D_
What Is The Projected Market Size Of The Global IoT in Retail Market And Its Growth Rate?_x000D_
• With a CAGR (compound annual growth rate) of 18.3%, the IoT in retail market is expected to grow from $39.52 billion in 2024 to $46.77 billion in 2025._x000D_
• The market will witness a substantial growth in the forthcoming years and is expected to reach $93.77 billion in 2029 at a CAGR of 19.0%._x000D_
• The growth will be propelled by factors like data analytics and AI integration, adoption of edge computing, consumer adoption of IoT devices, expansion of omnichannel retailing and measures for cybersecurity and data privacy._x000D_
_x000D_
What Is Driving The Growth In The IoT in Retail Market?_x000D_
The surge in e-commerce penetration is the major factor contributing to the growth of IoT in the retail market. In the context of e-commerce, IoT enables inventory management with radio frequency identification (RFID) tags which provide key product information without human intervention. It also allows detailed tracking of items during supply chain management, remote assessment of products, sales management, business personalization, and customer management. For instance, retail e-commerce sales in the US reached $291.6 billion in the second quarter of 2024, a 1.3% increase from the first quarter and 6.7% year-over-year._x000D_
_x000D_
Request A Free Sample Copy:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=9329&type=smp_x000D_
_x000D_
Who Are the Key Players Driving IoT in Retail Market Growth?_x000D_
• ARM Limited_x000D_
• Cisco Systems Inc._x000D_
• Alphabet Inc._x000D_
• IBM Corporation_x000D_
• Impinj Corporation_x000D_
• Intel Corporation_x000D_
• Microsoft Corporation_x000D_
• PTC Inc._x000D_
• RetailNext Inc._x000D_
• SAP SE_x000D_
• Softweb Solutions Inc._x000D_
• Zebra Technologies Corporation_x000D_
• Huawei Technologies Company Limited_x000D_
• Amazon Web Services Inc._x000D_
• Software AG_x000D_
• Bosch Software Innovations GmbH_x000D_
• NEC Corporation_x000D_
_x000D_
What Are The Key Trends In The IoT in Retail Market?_x000D_
• Supply chain visibility and transparency_x000D_
• Smart shelves and product monitoring_x000D_
• Enhanced security and loss prevention_x000D_
• In-store analytics and foot traffic monitoring_x000D_
• Contactless payment and checkout_x000D_
_x000D_
What Are The Segments Of The Global IoT in Retail Market?_x000D_
• By Offering: Solution, Service_x000D_
• By Type: Beacons, RFID Tags, Sensors, Wearables, Other Types_x000D_
• By Technology: Bluetooth Low Energy, Near field Communication, ZigBee, Other Technologies_x000D_
• By Deployment Mode: On-Premise, Cloud_x000D_
• By Application: Supply Chain Operations Management, Customer Management, Sales And Customer Management, Asset Management, Other Applications_x000D_
_x000D_
Which Region Leads The IoT in Retail Market?_x000D_
North America command the largest market share in the IoT in retail sector in 2024. However, Asia-Pacific is marked as the fastest-growing region during the forecast period. Europe, South America, Middle East, and Africa are also significant regions that have been covered in this report._x000D_
_x000D_
Pre-book the Report for Swift Delivery:_x000D_
https://www.thebusinessresearchcompany.com/report/iot-in-retail-global-market-report_x000D_
_x000D_
What Is Covered In The IoT in Retail Market Global Market Report?_x000D_
_x000D_
- Market Size Analysis: Analyze the IoT in Retail Market size by key regions, countries, product types, and applications._x000D_
_x000D_
- Market Segmentation Analysis: Identify various subsegments within the IoT in Retail Market for effective categorization._x000D_
_x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
_x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
_x000D_
- Market Contribution: Evaluate contributions of different segments to the overall IoT in Retail Market growth._x000D_
_x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
_x000D_
- Industry Challenges: Analyze challenges and risks affecting the IoT in Retail Market._x000D_
_x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
_x000D_
Request Customization for This Report:_x000D_
https://www.thebusinessresearchcompany.com/Customise?id=9329&type=smp_x000D_
_x000D_

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.