Surging Activities Of E-Commerce Fuels Growth In The Retail Intelligence Software Market: Core Growth Enabler in the Retail Intelligence Software Market, 2025

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What Will the Retail Intelligence Software Industry Market Size Be by 2025?
There's been a swift escalation in the market size of retail intelligence software in the last few years. The market is projected to rise from $8.31 billion in 2024 to $9.77 billion in 2025, showing a compound annual growth rate (CAGR) of 17.5%. This notable growth during the historical period is mainly due to the surge in e-commerce activities, the increase in large scale data, the need from consumers for personalization, the widespread use of mobile technology, and the intensifying competition in the market.

What's the Long-Term Growth Forecast for the Retail Intelligence Software Market Size Through 2029?
Expectations are high for the retail intelligence software market's swift expansion in the coming years. Projected to surge to $18.43 billion by 2029, it will experience a compound annual growth rate (CAGR) of 17.2%. Future expansion is primarily driven by a heightened adoption of artificial intelligence, increasing demand for on-the-spot data processing, escalating prominence of omnichannel strategies, the amplified impact of social commerce, and an intensified concentration on customer privacy. Key trends projected for this period encompass the utilization of AI, incorporation of IoT devices, blockchain use, advancements in product innovation, and technology.

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What Are the Key Growth Drivers Fueling the Retail Intelligence Software Market Expansion?
The surge in e-commerce activity is predicted to fuel the expansion of the retail intelligence software market in the future. E-commerce, which involves the online trading of goods and services, is gaining popularity due to numerous factors such as enhanced internet access, evolving consumer inclination towards online purchases, convenience, and improvements in logistics and payment methods. Retail intelligence software bolsters e-commerce activity through the collection, analysis, and interpretation of data concerning customer behavior, sales performance, inventory handling, pricing policies, and market patterns. For instance, as reported by the United States Census Bureau, a governmental organization in the US, there was a total of $1,831.4 billion made from US retail e-commerce sales in the last quarter of 2023, signifying a growth of 0.4% compared to the third quarter of that same year. Consequently, the escalating e-commerce activity is accelerating the growth of the retail intelligence software market.

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What Are the Key Trends Driving Retail Intelligence Software Market Growth?
Leading corporations in the retail intelligence software sector are employing innovative approaches that incorporate IoT technologies, like Bluetooth-LE (BLE)-based retail IoT protocols, to establish a strong position in the market. The Bluetooth-LE-based retail IoT protocol is a specially designed standardized communication frame for IoT devices in retail environments. For example, VusionGroup, a retail technology firm based in France, in December 2023, introduced VusionOX, an exceptional Bluetooth-LE-based protocol that boosts the digital transformation of physical commerce. This state-of-the-art connectivity solution smoothly integrates retail IoT devices with products and people, resulting in a cohesive retail setting. VusionOX, along with VusionCloud, facilitates accurate geolocation, personalized in-store direction, guided fulfilment, and context-based shopper communications. Furthermore, it supports continuous over-the-air feature rollouts and optimizes battery usage, hence aiding sustainability initiatives.

How Is the Retail Intelligence Software Market Segmented?
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 Companies Are Leading the Charge in Retail Intelligence Software Market Innovation?
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

Which Regions Are Leading the Global Retail Intelligence Software Market in Revenue?
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.

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