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IoT in Retail Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021 - 2027
Published Date: April 2020
|
Report Code: QYRE-Othe-1H283
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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
April 2020
118 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

IoT in Retail Market Report Overview

The global IoT in Retail market size is projected to reach US$ 40340 million by 2026, from US$ 20280 million in 2019, at a CAGR of 10.2% during the forecast period 2021-2026. 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.

IoT in Retail Market

What is the IoT 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 Major 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.

IoT in Retail Market Size

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.

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.

Top Major players in the IoT in Retail Industry

  • 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

The Study Objective are

  • To analyze and research the global IoT in retail status and future forecast´╝îinvolving, production, revenue, consumption, historical and forecast.
  • To present the key Internet of things (IOT) in retail manufacturers, production, revenue, market share, and recent development.
  • To split the breakdown data by regions, type, manufacturers and applications.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends, drivers, influence factors in global and regions.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Scope of the Report:

Report Metric

Details

Report Name

IoT in Retail Market

The market size in 2019

$20280 Million

The revenue forecast in 2026

$40340 Million

Growth Rate

CAGR of 10.2% from 2020 to 2026

Base year considered

2019

Forecast period

2020-2026

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 IoT in Retail market size is projected to reach US$ 40340 million by 2026, from US$ 20280 million in 2019.

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 2021-2026

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

 

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