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Connected Retail Market: North America Largest Market, Asia Pacific Growing at a Brisk Pace

Press release Description

Albany, New York, April 17, 2018: A new research report titled “Connected Retail Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global connected retail market is estimated to grow at a CAGR of 19.8% through 2025, and reach a valuation of over US$ 82 Bn.

The business intelligence study offers detailed insights and analysis on the key factors that are shaping the global connected retail market. According to the report, the proliferation of smartphones and pervasiveness of round-the-clock internet services has influenced retailers to opt for invest in connected retailing.

In addition to these factors, the adoption of connected retail market has also been augmented by the pervasiveness of Internet of Things (IoT). The growing pervasiveness of IoT has changed the manner in which end-users and retailers interact with each other. Retailers are now in a better position to interact with consumers, as well as track their inventories. On the other hand, consumers can expect a more personalized and quick shopping experience on account of rising adoption of internet in connected retail market.

In a bid to offer readers detailed insights on the connected retail market, the report segments the global market on the basis of connectivity into Zigbee, Bluetooth, NFC, and Wi-Fi. Among these, adoption of Zigbee remains the highest, and the trend is anticipated to remain unchanged during the assessment period. The report also segments the market on the basis of component into hardware and software. Between these, adoption of hardware remains higher among end-users. The end-use applications of connected retail market have been segmented into electronics & appliances, food and beverage, sporting goods, beauty, apparel footwear and accessories, home goods, toys, and others. Among these, electronics and appliances is likely to remain the fastest growing segment throughout the forecast period.

North America continues to be the largest market for connected retail market globally. The adoption of connected retail technology and services is quite robust in the United States. According to the report, the connected retail market in North America is likely to grow at reach nearly US$ 29 Bn by the end of the forecast period. In addition to North America, adoption of these technologies is also growing at a brisk pace in Asia Pacific. The Asia Pacific connected retail market is likely to grow at a CAGR of over 23% during the assessment period.

The report also profiles the business and product strategies of some of the leading players in the connected retail market. Some of the key players in the market include Verizon (New York, United States) Cisco Systems (San Jose, California), International Business Machines Corporation (IBM) (U.S.), Belatrix Software (Redwood City, U.S), ARM Holdings PLC (Softbank Group) (Cambridge,U.K), Microsoft Corporation (Washington, U.S.), and Amazon Web Services Inc. (Seattle, U.S.).

Browse Full Global Connected Retail Market Report with TOC :

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