Press release
The Retail Sector's Influence On Retail Digital Transformation Driver: Leading Transformation in the Retail Digital Transformation Market in 2025
Retail Digital Transformation Market
The size of the retail digital transformation market has seen an exponential expansion over the past few years. There has been an escalation from $285.1 billion in 2024 to an anticipated $345.36 billion in 2025, presenting a compound annual growth rate (CAGR) of 21.1%. Factors such as the development of e-commerce, advances in mobile technology, the use of big data analytics, the integration of omnichannel, and the rise of AI and machine learning can be credited for boosting growth during the historical period.
The size of the retail digital transformation market is set to experience considerable expansion over the coming years, reaching $739.23 billion by 2029 with a compound annual growth rate (CAGR) of 21.0%. This growth during the predicted period is linked to the rise of augmented reality (AR) and virtual reality (VR), the Internet of Things (IoT), voice commerce, blockchain technology, and hyper-personalization. Upcoming trends within this time frame include the growth of contactless shopping, the adoption of sustainable practices, the burgeoning of subscription services, hyper-localization, and the emergence of direct-to-consumer (DTC) brands.
What Factors Are Fueling Growth in the Retail Digital Transformation Market?
The uptick in retail sector enlargement is predicted to fuel the advancement of the retail digital transformation market. The retail sector comprises companies engaged in vending goods or services directly to customers for individual usage or ingestion. The enlargement of the retail sector is propelled by elements such as boosted consumer demand, globalization, and emerging market norms. Retail digital transformation boosts customer experiences, makes operations more efficient, and fosters data-led decision-making in the retail sector. For example, in April 2024, UK's House of Commons Library, a research and information service donor for the UK parliament, noted that the economic output of the retail sector in 2023 was $141.56 billion (£112.9 billion), making up 4.9% of the UK's overall economic output and showing a 2.5% escalation compared to 2021. As of January 2023, 315,000 retail businesses were in existence. Retail sales in Great Britain for 2023 hit $639.48 billion (£510 billion), indicating a 3% rise from the preceding year. Hence, the enlargement of the retail sector is predicted to fuel the advancement of the retail digital transformation market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15663&type=smp
Which Leading Companies Are Shaping the Growth of the Retail Digital Transformation Market?
Major companies operating in the retail digital transformation market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Infosys Limited, Wipro Limited, Lawson Software Inc., Dassault Systèmes SE, Shopify Inc., The Sage Group plc, Zoho Corporation Pvt. Ltd., Epicor Software Corporation, Manhattan Associates Inc., Lightspeed POS Inc., Kinaxis Inc., Retalix Ltd., Nayax, BluJay Solutions LLC, Logility Inc., HighJump Software Inc., Brightpearl Limited, Wasp Barcode Technologies LLC, Aldata Solutions, Ordoro Inc.
What Are the Major Trends Shaping the Retail Digital Transformation Market?
Leading corporations in the retail digital transformation marketplace are introducing advanced solutions like cloud-neutral data management systems to offer flexible and scalable options for managing retail-related data throughout different cloud settings. This cloud-neutral data management platform is designed to operate without complications in diverse cloud environments, offering adaptability and compatibility for data processing and storage. As an example, Informatica, an American enterprise cloud data management services provider, launched the Intelligent Data Management Cloud (IDMC) catered to retail businesses' needs in March 2022. This cloud platform tackles frequent obstacles such as data fragmentation and dysfunctional experiences in multi-cloud and hybrid arrangements. The IDMC for Retail aims to enhance customer profiles, broaden self-service capabilities, and streamline product content management to create flawless customer experiences. It furthers retail digital transformation by refining customer profiles, boosting self-service features, streamlining supply chain operations, and reducing operational expenses via automated processes.
What Are the Key Segments of the Retail Digital Transformation Market?
The retail digital transformation market covered in this report is segmented -
1) By Accessibility: Mobile Application, Website
2) By Technology: Cloud Computing, Big Data, Artificial intelligence, Internet Of Things (IoT), Augmented Reality (AR) Or Virtual Reality (VR)
3) By Product: Media And Entertainment, Apparel, Food And Beverage, Furniture And Home Decor, Beauty And Personal Care, Other Products
Subsegments:
1) By Mobile Application: Shopping Apps, Payment Apps, Customer Service Apps
2) By Website: E-Commerce Websites, Online Customer Support Portals, Digital Marketing Platforms
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/retail-digital-transformation-global-market-report
Which Region Dominates the Retail Digital Transformation Market?
North America was the largest region in the retail digital transformation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail digital transformation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Retail Digital Transformation Global Market Report?
- Market Size Analysis: Analyze the Retail Digital Transformation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail Digital Transformation 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 Digital Transformation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail Digital Transformation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15663
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.
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 The Retail Sector's Influence On Retail Digital Transformation Driver: Leading Transformation in the Retail Digital Transformation Market in 2025 here
News-ID: 3866368 • Views: …
More Releases from The Business Research Company
Brake Lines Market Analysis: $36.58 Billion by 2029 With a CAGR of 3.5%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Brake Lines Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the brake lines market has consistently seen growth. The market size is expected to escalate from $30.83 billion in 2024 to $31.88 billion in 2025, growing at a compound annual growth rate (CAGR) of 3.4%.…
Autonomous Vehicle Simulation Solutions Industry Set to Achieve $2.12 Billion Mi …
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 Autonomous Vehicle Simulation Solutions Market Size 2025?
The market size for autonomous vehicle simulation solutions has seen a rapid expansion in the past few years. The market, with a value of $0.96 billion in 2024, is projected to rise to $1.14 billion in 2025,…
Automotive Vehicle To Everything (V2X) Communications Industry Expected to Reach …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Automotive Vehicle To Everything (V2X) Communications Market Value Projection: How Much Will the Market Size by 2025?
In recent years, the size of the automotive vehicle to everything (v2x) communications market has seen substantial growth. It is projected to increase from $3.6 billion in 2024 to $4.43 billion in 2025, registering…
Global Highway Driving Assist Market Worth $11.2 Billion by 2029, Growing at 20% …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Highway Driving Assist Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a rapid expansion in the size of the highway driving assist market in the previous few years. Its projected growth is from $4.47 billion in 2024, escalating to $5.39 billion in 2025, with a…
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,…
