Global Retail Analytics Software And Services Market Expected to Achieve 16.2% CAGR by 2029: Growth Forecast Insights

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Retail Analytics Software And Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for retail analytics software and services has seen a swift expansion in the past few years. The market, estimated at $2.08 billion in 2024, is projected to reach $2.43 billion in 2025, marking a compound annual growth rate (CAGR) of 17.2%. This substantial growth in the historical period can be traced back to factors like the rise of E-commerce, an overwhelming surge in data, the need for personalization, escalating competition, improvements in supply chain optimization, and the emergence of omnichannel retailing.

Retail Analytics Software And Services Market Size Forecast: What's the Projected Valuation by 2029?
The market size for retail analytics software and services is foreseen to witness exponential growth in the ensuing years. It's projected to scale up to $4.43 billion by 2029, expanding at a CAGR of 16.2%. The budding growth predicted during the forecast period can be credited to the shift towards adopting cloud-based solutions, artificial intelligence & machine learning, Internet of Things (IoT), augmented and virtual reality (AR & VR), blockchain, and voice commerce. The forecast period is also likely to witness trends such as the incorporation of advanced analytics and artificial intelligence (AI), predictive analytics, extreme personalization, unified commerce platforms, morally sound and accountable analytics, and cooperative analytics.

View the full report here:
https://www.thebusinessresearchcompany.com/report/retail-analytics-software-and-services-global-market-report

What Are the Drivers Transforming the Retail Analytics Software And Services Market?
The escalating upward trend in retail and e-commerce industries is anticipated to catalyze the expansion of the retail analytics software and services market. The retail and e-commerce industries essentially comprise businesses vending goods or services directly to the end customers via brick-and-mortar outlets or internet platforms, thereby easing the procedures of transactions and product distribution. The expansion in retail and e-commerce is due to the enhanced usability and accessibility for buyers, coupled with tech progress that allows for smooth online transactions and tailored shopping journeys. Retail analytics software and services equip both retailers and e-commerce enterprises to maximize their operations, improve customer interaction, and incite sales with the help of data-backed ways and conscious decision-making. To illustrate, the United States Census Bureau, a government organization, reported in February 2024 that the total e-commerce sales in 2023 escalated to an estimated figure of $1,118.7 billion, denoting a 7.6% rise as compared to 2022. Furthermore, the collective retail sales for 2023 clocked a 2.1% surge compared to the preceding year. The e-commerce sales formed 15.4% of total sales in 2023, in contrast to 14.7% in 2022. Consequently, the upturn in the retail and e-commerce industries is fueling the development of the retail analytics software and services market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15257&type=smp

What Long-Term Trends Will Define the Future of the Retail Analytics Software And Services Market?
Leading businesses in the retail analytics software and services market are spearheading technological innovation, specifically introducing smart store analytics to enhance retail solutions and offerings. Smart Store Analytics signifies a data platform that allows retailers to implement autonomous shopping technology affordably. For example, in January 2023, US software company AiFi Inc collaborated with tech giant Microsoft Corporation to roll out smart store analytics for cashierless outlets. This platform employs AiFi's computer vision algorithm to analyze shopper behaviors, taking note of items they pick up and add to their carts. It includes a feature that automatically processes payment card transactions once customers are ready to leave. Smart store analytics delivers critical data on customer shopping habits, footfall trends, merchandise engagement, and additional metrics without needing facial identification or biometric data.

Which Segments in the Retail Analytics Software And Services Market Offer the Most Profit Potential?
The retail analytics software and servicesmarket covered in this report is segmented -

1) By Component: Solutions, Services
2) By Application: Merchandising Analysis, Pricing Analysis, Customer Analytics, Promotional Analysis And Planning, Yield Analysis, Inventory Analysis, Other Applications
3) By Distribution Channel: Online, Offline
4) By Organization Size: Large Enterprises, Small And Medium Enterprises
5) By Business Function: Finance, Marketing And Sales, Human Resources, Operations

Subsegments:
1) By Solutions: Descriptive Analytics Solutions, Predictive Analytics Solutions, Prescriptive Analytics Solutions, Real-Time Analytics Solutions, Customer Analytics Solutions, Inventory And Supply Chain Analytics Solutions
2) By Services: Consulting Services, Integration And Implementation Services, Support And Maintenance Services, Training And Education Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15257&type=smp

Which Firms Dominate the Retail Analytics Software And Services Market by Market Share and Revenue in 2025?
Major companies operating in the retail analytics software and services market report are Microsoft Corporation; International Business Machines Corporation; Oracle Corporation; SAP SE; Infosys Limited; Square Inc.; Wipro Limited; Dassault Systèmes SE; Shopify Inc.; The Sage Group plc; Lawson Software Inc.; Epicor Software Corporation; Zoho Corporation Pvt. Ltd.; Manhattan Associates Inc.; Lightspeed POS Inc.; Kinaxis Inc.; Retalix Ltd.; BluJay Solutions LLC; Retail Pro International LLC; Logility Inc.; Fishbowl Inventory LLC; Brightpearl Limited; Wasp Barcode Technologies LLC; Archon Systems Inc.; HighJump Software Inc.; Aldata Solutions; Ordoro Inc

Which Regions Offer the Highest Growth Potential in the Retail Analytics Software And Services Market?
North America was the largest region in the retail analytics software and services market in 2024. The regions covered in the retail analytics software and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15257

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@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.