0
U.S. (TOLL FREE)
+1 (315) 215-3225
Automative

0
U.S. (TOLL FREE)
+1 (315) 215-3225
IoT in Retail Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021 - 2027
Published Date: July 2021
|
Report Code: QYRE-Othe-1H283
Home | Market Reports | Business & Industrial | Retail Trade | Retail Equipment & Technology
iot in retail market

IoT in Retail Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021 - 2027

Code: QYRE-Othe-1H283
Report
July 2021
118 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

IoT in Retail Market Statistics 2027

The global Internet of Things in Retail market size is projected to reach US$ 40340 million by 2027, from US$ 20280 million in 2020, at a Compound Annual Growth Rate (CAGR) of 10.2% during 2021-2027. Major factors that are expected to drive the growth of IoT in Retail Market size include steadily declining IoT-based sensor and connectivity prices, increased acceptance of smart payment solutions, and consumer demand for a seamless shopping experience.

Internet of Things in Retail Market

IoT in Retail refers to the use of a range of Internet of Things technologies and management methods in the retail industry. IoT offers retailers opportunities for the development of an ecosystem that connects the physical and digital world. The retail industry has witnessed wide utilization of connected products by adopting an integrated platform.

IoT in Retail Market Growth Factors

The utilization of IoT in Predictive Equipment Maintenance by retailers is expected to increase the IoT in Retail Market size. Warehouses will often experience equipment failure or fault detection issues. Cooling systems specifically used for cold storage purposes are now equipped with sensors that aid in the retail analytics of the products.

Since every product undergoes a long value chain journey, it is important to keep track of where it stands. IoT has made it easier to know exactly how near or far the product from its destination store is with sensors and GPS technology. This use of IoT in Smart Transportation is expected to increase the IoT in Retail Market size.

The declining cost of sensors worldwide helps businesses to deploy them in even smaller web-based solutions and, in turn, increases the IoT in retail market size. In enhanced devices, the main function of these modules is to collect the surrounding information and forward it to management systems.

It is expected that Bluetooth Low Energy (BLE) will see the highest growth over the forecast period as this technology is gaining popularity in pre-tailing, payments, and post-payment operations.

Internet of Things in Retail Market Size, Trends, Share, Growth, Forecast

Over the forecast period, APAC is projected to have the highest growth potential in the IoT in the retail market. This rise can be attributed to ongoing smart city projects and the region's fast-declining sensor costs. China's adoption of IoT technologies is enormous, and India is showing significant growth.

Leading Players in the IoT in Retail Market

  • Intel
  • Microsoft
  • PTC
  • IBM
  • Cisco
  • SAP
  • Zebra
  • Google
  • ARM
  • NXP Semiconductors
  • Softweb Solutions
  • Carriots

IoT in Retail Market by Type

  • Beacons
  • RFID Tags
  • Sensors
  • Wearables
  • Others

IoT in Retail Market by Application

  • Physical Business
  • E-commerce

IoT in Retail Market by Region

  • United States
  • Europe
  • China
  • Japan
  • South Korea
  • Other Regions

IoT in Retail Market by Consumption by Region

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Rest of Europe
  • Central & South America
  • Brazil
  • Rest of South America
  • Middle East & Africa
  • GCC Countries
  • Turkey
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

Scope of the IoT in Retail Market Report

Report Metric

Details

Report Name

IoT in Retail Market

The market size in 2020

$20280 Million

The revenue forecast in 2027

$40340 Million

Growth Rate

CAGR of 10.2% from 2021 to 2027

Base year considered

2020

Forecast period

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market by Type

Beacons, RFID Tags, Sensors, Wearables, Others

Market by Applications/Enduser

Physical Business, E-commerce

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa


Frequently Asked Questions About This Report

1. How big is the IoT in Retail Market?

Ans. The global Internet of Things in Retail market size is projected to reach US$ 40340 million by 2027, from US$ 20280 million in 2020, at a Compound Annual Growth Rate (CAGR) of 10.2% during 2021-2027.

2. What is the IoT in Retail Market Growth?

Ans. The global IoT in Retail Market is expected to witness a compound annual growth rate of 10.2% during the forecast period 2021-2027

3. Who are the leading players in IoT in Retail Market?

Ans. Some key players operating in the IoT in Retail Market are Intel, Microsoft, PTC, IBM, Cisco, SAP, Zebra, Google, ARM, NXP Semiconductors, Softweb Solutions, Carriots

4. What factors will drive the growth of the IoT in Retail Market?

Ans. Major factors that are expected to drive the growth of IoT in Retail Market size include steadily declining IoT-based sensor and connectivity prices, increased acceptance of smart payment solutions, and consumer demand for a seamless shopping experience.

TABLE OF CONTENT

 

LIST OF TABLES & FIGURES

 

SELECT A FORMAT
Added to Cart

Electronic (PDF)
$4900
This license allows only one user to access the PDF.

Electronic (PDF)
$9800
This license allows all the employees of an enterprise to access the PDF.
Add to Cart
Buy Now (10% Discount)
OUR CUSTOMER
Bioinformatics Barcelona

RELATED REPORTS

Global Face Mask Vending Machine Market Insights Forecast to 2028
Global Face Mask Vending Machine Market Insights, Forecast to 2028

Mask selfservice vending machine refers to a selfservice vending machine with the function of selling masks.Market Analysis and Insights Global Face Mask Vending Machine MarketDue to the COVID19 pandemic the global Face Mask Vending Machine market size is estimated to be worth US million in 2022 and is forecast to a readjusted size of US million by 2028 with a CAGR of during the review period.

120 Pages
Type: Report
Code: QYRE-Auto-4C10521
Fri May 13 00:00:00 UTC 2022

Add to Cart

Global Slatwall Displays Retail Shelving Market Insights and Forecast to 2028
Global Slatwall Displays (Retail Shelving) Market Insights and Forecast to 2028

120 Pages
Type: Report
Code: QYRE-Auto-22E7715
Tue May 03 00:00:00 UTC 2022

Add to Cart

Global Countertop Refrigerated Display Cases Market Insights Forecast to 2028
Global Countertop Refrigerated Display Cases Market Insights, Forecast to 2028

120 Pages
Type: Report
Code: QYRE-Auto-10Y7760
Fri Apr 22 00:00:00 UTC 2022

Add to Cart

Global Retail Digital Signage Display Market Insights Forecast to 2028
Global Retail Digital Signage Display Market Insights, Forecast to 2028

120 Pages
Type: Report
Code: QYRE-Auto-1D6683
Mon Apr 11 00:00:00 UTC 2022

Add to Cart