Press release
In-Depth Analysis of the Retail Analytics Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Ring Main Unit Market Share
The retail analytics market is expected to be propelled by the digital transformation aimed at improving customer experience and retail operations. Digital transformation involves utilizing digital technology to modify a business model, generating new opportunities for value creation and income. Independent of the platform or location, digital transformation provides businesses the opportunity to engage with modern customers and meet their desire for a seamless customer experience. To exemplify, the gov.UK, a United Kingdom government website, reported in February 2024 that the digital sector contributed £158.3 ($207.05) billion to the UK economy in 2022. This represents 7.2% of the UK's total Gross Value Added (GVA), an increase from 7.1% in 2021 based on current price calculations. Consequently, the digital transformation aimed at improving customer experience and retail functions is fueling the expansion of the retail analytics market.
Get Your Retail Analytics Market Report Here:
https://www.thebusinessresearchcompany.com/report/retail-analytics-global-market-report
What is the future CAGR of the retail analytics market, and how will it impact industry expansion?
In recent times, there has been a drastic expansion in the retail analytics market size. It is projected to increase from $8.66 billion in 2024 to $10.85 billion in 2025, with a compound annual growth rate (CAGR) of 25.3%. Factors such as increased competition in the retail industry, emphasis on customer experience, the introduction of loyalty schemes, the rise of big data analytics, the surge of e-commerce, and the need for personalization have all contributed to the growth during the historic period.
The market size for retail analytics is predicted to rapidly increase in the upcoming years, reaching $24.79 billion in 2029 with a compound annual growth rate (CAGR) of 22.9%. Elements contributing to this increase during the forecasted period include improved fraud detection mechanisms, the spread of omnichannel strategies, instantaneous analytics, the need for sustainability analytics, and worries about privacy and regulation, along with the international growth of retail chains. Key trends for this forecast period involve prioritizing customer experience analytics, integrating omnichannel analytics for smooth operation, implementing real-time analytics for quick decision-making, applying visual and image analytics, adopting cloud-based analytic solutions, utilizing customer segmentation for specific marketing, and collaborating with analytic service providers.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8056&type=smp
What are the most significant trends transforming the retail analytics market today?
Key players in the retail analytics market are creating digital tools that combine corporate data and artificial intelligence (AI) to amplify customer insights, streamline inventory management, and upgrade marketing strategies, ultimately enhancing their overall operational effectiveness. Sophisticated platforms for data visualization and analytics employ real-time data integration and AI-powered algorithms, aiding retailers in making well-informed decisions, boosting sales performance, and ameliorating customer experiences. For example, KPMG International Ltd, a company based in the Netherlands, introduced Dash, a digital instrument, in March 2023. Dash uses AI-powered algorithms to scrutinize vast quantities of data, resulting in predictions and suggestions that assist retailers in gaining insights into customer behavior, catchment regions, and competition. The platform is engineered to be user-friendly and accessible to companies of every size, necessitating minimal lead time for implementation. Significantly, there are no upfront charges, making it economically viable for a variety of retail businesses.
Which key market segments comprise the retail analytics market and drive its revenue growth?
The retail analytics market covered in this report is segmented -
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
Subsegments:
1) By Solutions: Predictive Analytics Software, Descriptive Analytics Software, Prescriptive Analytics Software, Visualization Tools, Customer Analytics Solutions, Inventory Management Solutions
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8056
What regions are at the forefront of retail analytics market expansion?
North America was the largest region in the retail analytics market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the retail analytics market?
Major companies operating in the retail analytics market are 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., Adobe Inc., Cisco Systems Inc., Amazon.com Inc., Teradata Corporation, MicroStrategy Incorporated, Tableau Software LLC, FICO, Fiserv, Inc., Verisk Analytics Inc., Nielsen Holdings PLC, Experian PLC, Mastercard Incorporated, Visa Inc., PayPal Holdings Inc., Square Inc., Shopify Inc., Facebook Inc., Dor Technologies Inc., True Fit Corporation, Orbital Insight Inc., Cuebiq Inc., Rubikloud Technologies Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8056&type=smp
What Is Covered In The Retail Analytics Global Market Report?
• Market Size Forecast: Examine the retail analytics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the retail analytics market for a structured understanding.
• Key Players Overview: Analyze major players in the retail analytics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the retail analytics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the retail analytics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the retail analytics market.
• Industry Challenges: Identify potential risks and obstacles affecting the retail analytics market.
• Competitive Landscape: Review strategic developments in the retail analytics market, including expansions, agreements, and new product launches.
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 In-Depth Analysis of the Retail Analytics Market: Growth Opportunities, Key Trends, and Forecast 2025-2034 here
News-ID: 3889557 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Analytics
Insurance Analytics Market Insurance Analytics Market
The global insurance analytics market is projected to grow at a CAGR of around 12% during the forecast period. The market growth is characterized by the presence of key players operating in the market.
In March 2021, Oracle Insurance Policy Administration (OIPA) collaborated with ClearView Wealth Ltd. In this collaboration, ClearView selected OIPA to support its digital transformation journey. This collaboration is a part of broader technology investment by the company…
Global Big Data Analytics in Healthcare Market, by Analytics type (Descriptive A …
Global Big Data Analytics in Healthcare Market was valued at US$ 23.93 million in 2019 and is projected to reach US$ 81.35 million by 2025, at a CAGR of 19.1% during the forecast period. A surge in the demand for analytics solutions for citizen health management, increase in the adoption of cloud analytics among several end users, growing need for business intelligence to optimize health administration & strategy, lack of…
Security Analytics Market Report 2018: Segmentation by Application (Network Secu …
Global Security Analytics market research report provides company profile for Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett Packard Enterprise (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic (Click Security) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of…
Life Science Analytics Market 2025 Future Forecast by Product Overview - Predict …
The growth of the life science analytics market can be attributed to the increasing prevalence of chronic diseases and growing need for improved data standardization. Moreover, use of analytics in precision & personalized medicine, and increasing focus on improving patient outcomes also likely to add new opportunities for the global life science analytics market over the forecast period.
Life Science Analytics Market to 2025 - Global Analysis and Forecasts by Type…
Predictive Analytics Market Report 2018: Segmentation by Type (Services, Solutio …
Global Predictive Analytics market research report provides company profile for Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Global Analytics Service Market by Type: Predictive analytics, Prescriptive anal …
Learning Objective
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the…
