$124 Billion Worldwide Internet of Things in Retail Industry to 2027

DUBLIN, October 20, 2022 /PRNewswire/ — Added the Internet of Things (IoT) in Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 report ResearchAndMarkets.com Offer.

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The global Internet of Things (IoT) has reached market size in retail $41.15 billion in 2021. Looking ahead, the publisher expects the market to be reached $124.18 billion to 2027 with a CAGR of 20.21% over 2021-2027.

Taking into account the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect impact of the pandemic. These insights are included in the report as a key market contribution.

The Internet of Things (IoT) is a data network of devices that connect to the Internet and exchange data without requiring human-machine interaction. It finds extensive applications in retail, as the IoT helps connect the physical and digital worlds by enabling two-way, real-time interaction with consumers inside and outside the store.

It offers functional benefits such as dynamic pricing, inventory tracking, monitoring, and personalized recommendations. In addition, it enables retailers to track customer movements and gain insights into their shopping behavior.

The increasing automation in retail to minimize labor costs is one of the key factors driving the growth of the market. Additionally, retailers focus on bringing innovative products and services to market and ensuring security to avoid data breaches.

They are also striving for a digital transformation in brick-and-mortar retail. As a result, retailers today are adopting IoT technologies such as digital signage, payment systems, as well as smart lighting and vending machines. They also use Radio Frequency Identification (RFID) to track inventory in stores and warehouses, sensors and cameras to monitor product status and shopper traffic, and in-store Wi-Fi to recognize returning customers and encourage digital interaction.

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Apart from that, IoT devices enhance the customer experience (CX) in stores through interactive kiosks, virtual or augmented reality (AR/VR) experiences, smart fitting rooms and robots that can be used as smart sales assistants. These benefits, coupled with the rapid expansion of the e-commerce industry, are facilitating the growth of the market. In addition, with the decreasing cost of IoT hardware, small and medium-sized retailers are increasingly investing in IoT technologies, which is positively affecting the market.

Competitive landscape:

The competitive landscape of the industry has also been studied along with the profiles of major players including Allerin Tech Pvt Ltd, Amazon.com Inc., Bosch.IO GmbH, Cisco Systems Inc., Huawei Technologies Co. Ltd, Intel Corporation, International Business Machines Corporation , Microsoft Corporation, NEC Corporation (AT&T Corporation), Oracle Corporation, Software AG, Telit and Vodafone Group Plc.

Key questions answered in this report:

  • How has the global Internet of Things (IoT) developed in retail so far and how will it develop in the coming years?

  • What is the impact of COVID-19 on the global Internet of Things (IoT) in the retail market?

  • What are the main regional markets?

  • What is the market breakdown based on the solution?

  • What is the market breakdown based on service?

  • What is the market breakdown based on technology?

  • What is the market breakdown based on platform?

  • What is the market breakdown based on application?

  • What are the different stages in the industry value chain?

  • What are the key drivers and challenges in the industry?

  • What is the structure of the global Internet of Things (IoT) in retail market and who are the major players?

  • How high is the competition in the industry?

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Main topics covered:

1 Introduction

2 Scope and methodology

3 Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Internet of Things (IoT) in the retail market
5.1 Market Overview
5.2 Market Performance
5.3 Effects of COVID-19
5.4 Market Forecast

6 Market Breakdown by Solution
6.1 Hardware
6.1.1 Market Trends
6.1.2 Key Segments RFID tags Beacons Sensors Wearables
6.1.3 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Split by Service
7.1 Professional Services
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Managed Services
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market split by technology
8.1 Near Field Communications
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Bluetooth Low Energy
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 ZigBee
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Miscellaneous
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Split by Platform
9.1 Device Management
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Application Management
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Connectivity Management
9.3.1 Market Trends
9.3.2 Market Forecast

10 Market Split by Application
10.1 Operations Management
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Asset Management
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Customer Experience Management
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Advertising and Marketing
10.4.1 Market Trends
10.4.2 Market Forecast

11 Market Split by Regions

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12 SWOT Analysis

13 Analysis of the value chain

14 Porter’s Five Forces Analysis

15 Price Analysis

16 competitive landscape
16.1 Market Structure
16.2 Key Players
16.3 Key Player Profiles
16.3.1 Allerin Tech Pvt Ltd Company Overview Product Portfolio
16.3.2 Amazon.com Inc. Company Overview Product Portfolio Finances SWOT Analysis
16.3.3 Bosch.IO GmbH Company Overview Product Portfolio
16.3.4 Cisco Systems Inc. Company Overview Product Portfolio Finances SWOT Analysis
16.3.5 Huawei Technologies Co. Ltd. Company Overview Product Portfolio SWOT Analysis
16.3.6 Intel Corporation Company Overview Product Portfolio Finances SWOT Analysis
16.3.7 International Business Machines Corporation Company Overview Product Portfolio Finances SWOT Analysis
16.3.8 Microsoft Corporation Company Overview Product Portfolio Finances SWOT Analysis
16.3.9 NEC Corporation (AT&T Corporation) Company Overview Product Portfolio Finances SWOT Analysis
16.3.10 Oracle Corporation Company Overview Product Portfolio Finances SWOT Analysis
3/16/11 SoftwareAG Company Overview Product Portfolio Finances
16.3.12 Telit Company Overview Product Portfolio Finances
3/16/13 Vodafone Group Plc Company Overview Product Portfolio Finances SWOT Analysis

For more information about this report, visit https://www.researchandmarkets.com/r/rtkch4

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