Global Internet of Things (IoT) in Retail Market was valued US$ 17.06 Bn in 2019, and is expected to reach US$ XX Bn in 2027, at CAGR of XX % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Deployment of Internet of Things (IoT) through retail sector is expected to boost innovation in stores, improves overall experience, and deliver offers and promotions based on browsing and purchase history.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Increasing penetration across applications like, digital signage, payment, and supply chain management is contributing in growth of industry. Ongoing evolutions in retail like, Omni channel shopping and rapid smartphone adoption rate are enabling retailers to create a brick-and-mortar shopping experience. Smart retailers are engaging with the right technology and making stores more interactive. Smartphones and tablets enabled with Bluetooth Low Energy (BLE) are used for product promotions, thereby encouraging social sharing. Software market in IoT in retail is expected to flourish in the coming years owing to the increasing usage of mobile applications. So the, companies are increasingly investing in managed IT services due to growing retail industry thereby propelling the market.
Increasing penetration of e-commerce platforms has forced traditional retailers to become capable of using connected technologies. Implementation of IoT in retail stores has allowed retailers to determine customers’ profiles and their buying history by coordinating with wearable devices. Production of connected devices and the adoption of collective standards are contributing to the growth of IoT-enabled capabilities across the retail industry.
European region contributed to global industry and started growing significantly in 2016. Increasing adoption of beacons in economies such as France and U.K. are contributing to regional growth. For instance, Les Terrasses du Port, a prominent shopping center in France, has deployed one of the largest networks of BLE beacons in the region, allowing retailers such as H&M and Zara to deliver promotional offers and information to customers’ smartphones. Moreover, regional beacon manufactures are providing content management systems used by retailers to deliver offers and mobile apps for enhancing their efficiency.
Key players operated in market include Omnitrol, Engage3, Snapbizz, Minodes, Plexure, Kontakt.Io, Softwear Automation, Kwikt, Bluefox.Io, Leantegra, Lti, Allerin, Microsoft, Intel, Softweb Solutions, Oracle Impinj Inc, Cognizant, Everythng, Sensegiz, Altiux Innovations, Techwave, Harman, Amazon, Happiest Minds, Honeywell, Alibaba Wallmart, Success Stories / Case Studies, Amazon, Ralph Lauren, Rebekaminkoff, Target.
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Scope of Global Internet of Things (IoT) in Retail Market: Inquire before buying
Global Internet of Things (IoT) in Retail Market, by Services:
• Professional Service
• Managed Service
Global Internet of Things (IoT) in Retail Market, by Platform:
• Device Management
• Application Management
• Network Management
Global Internet of Things (IoT) in Retail Market, by Component:
• Software Networks
• Radio Frequency Identification
• Near Field Communication
Global Internet of Things (IoT) in Retail Market, by Technology:
• Sensors Network
• Connectivity Technology
Global Internet of Things (IoT) in Retail Market, by Application:
• Digital Signage
• Supply Chain Management
• Smart Shelf &Doors
Global Internet of Things (IoT) in Retail Market, by Region:
• North America
• Latin America
• Middle East & Africa
Key players operated in Global Internet of Things (IoT) in Retail Market
• Softwear Automation
• Softweb Solutions
• Oracle Impinj Inc
• Altiux Innovations
• Happiest Minds
• Alibaba Wallmart
• Success Stories
• Case Studies
• Ralph Lauren
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