Press release
Transforming the Retail Intelligence Software Market in 2025: Surging Activities Of E-Commerce Fuels Growth In The Retail Intelligence Software Market
Retail Intelligence Software Market
The retail intelligence software market has experienced rapid growth in recent years. It will grow from $8.31 billion in 2024 to $9.77 billion in 2025, at a CAGR of 17.5%. The growth is attributed to increased e-commerce activity, the rise in big data volumes, consumer demand for personalization, the growing use of mobile technology, and intensified competitive pressures.
The retail intelligence software market is expected to grow rapidly, reaching $18.43 billion by 2029, at a CAGR of 17.2%. Growth is driven by the increasing use of AI, demand for real-time data processing, omnichannel strategies, the influence of social commerce, and focus on customer privacy. Major trends include the adoption of AI, IoT integration, blockchain, product innovations, and ongoing technological advancements.
What Factors Are Fueling Growth in the Retail Intelligence Software Market?
The rise in e-commerce activity is anticipated to drive the expansion of the retail intelligence software market in the future. E-commerce involves the buying and selling of products and services over the Internet or electronic networks. Several factors are contributing to the increasing adoption of e-commerce, including higher internet penetration, shifting consumer preferences toward online shopping, convenience, and advancements in logistics and payment technologies. Retail intelligence software supports e-commerce by collecting, analyzing, and interpreting data on customer behavior, sales performance, inventory control, pricing strategies, and market trends. For example, in February 2024, the United States Census Bureau, a US-based government agency, reported that total U.S. retail e-commerce sales reached $1,831.4 billion in the fourth quarter of 2023, reflecting a 0.4% increase compared to the third quarter of 2023. Therefore, the growing e-commerce activity is fueling the expansion of the retail intelligence software market.
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Which Leading Companies Are Shaping the Growth of the Retail Intelligence Software Market?
Major companies operating in the retail intelligence software market report are Supplypike LLC; Rakuten Group; SPS Commerce Inc.; Numerator; Kinaxis Inc.; Quotient Technology Inc.; Trax Retail LTD; AFS Technologies Inc.; ThoughtSpot Inc.; Sensormatic Solutions; Wiser Solutions Inc.; Retail Solutions Inc.; Mi9 Retail; DataWeave; Upstream Commerce; ShopperTrak; Premise Data Corporation; TC Group Solutions; Dor Technologies; Intelligence Node; Springboard; Glew.io; Stackline; Omnilytics; Streetspotr GmbH
What Are the Major Trends Shaping the Retail Intelligence Software Market?
Major companies in the retail intelligence software market are leveraging IoT technologies, such as Bluetooth-LE-based retail IoT protocols, to strengthen their competitive position. These protocols facilitate seamless communication among retail IoT devices. For instance, in December 2023, VusionGroup, a France-based retail technology company, launched VusionOX, a Bluetooth-LE-based protocol designed to accelerate physical retail digitalization. When integrated with VusionCloud, VusionOX enables precise geolocation, guided navigation, and contextual shopper interactions, while also supporting sustainability efforts through battery optimization and over-the-air feature updates.
What Are the Key Segments of the Retail Intelligence Software Market?
The retail intelligence software market covered in this report is segmented -
1) By Type: Cloud Based, On Premises
2) By Sales Channel: Online, Offline
3) By Application: Large Enterprises, Small And Medium-Sized Enterprises
4) By End User: Grocery Stores, Convenience Stores, Apparel And Footwear, Mass Merchant, Specialty Retailers, E-Commerce, Other End Users
Subsegments:
1) By Cloud-Based:Public Cloud, Private Cloud, Hybrid Cloud
2) By On-Premises:Managed Services, Self-Hosted
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Which Region Dominates the Retail Intelligence Software Market?
North America was the largest region in the retail intelligence software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail intelligence software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Retail Intelligence Software Global Market Report?
- Market Size Analysis: Analyze the Retail Intelligence Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail Intelligence Software Market for effective categorization.
- Key Player Focus: 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 Intelligence Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail Intelligence Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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