Huge Demand of Global IoT in Retail Market Size,Share,Trend,Growth Rate,Forecast,Covid-19 Analysis & Regional Analysis

Global IoT in Retail Market was valued at USD 13.55 billion in 2019 which is expected to grow USD 37.89 billion by 2027 at a CAGR 18.8%.

IoT is commonly called as internet of things which helps retailers to collect data and produce insights. Rise in adoption of digitalization & automation across various industries including retail industry to gain operational efficiency benefits will grow the IoT in retail market growth.

Increase in demand for Internet of Things in retail industry is the key driving factor which is expected to boost the global IoT in retail market growth. Furthermore, rise in adoption of smart payment solution by consumers is expected to propel the growth of global IoT in retail industry. Moreover, increase in technological developments and innovations will have the positive impact on global IoT in Retail market growth. For instance, in August 2019, Staunch had launched new technology in Indian retail market, which named as YI technologies. YI technologies offer IoT products for India. In addition to that, rise in adoption of omnichannel shopping and rapid penetration of smartphones is expected to drive the growth of global IoT in retail industry.

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Also, Global IoT in Retail Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The forecast period is the time period when the key driving factors and parameters will help the market to flourish significantly. The estimated value of the market has been represented through a Compound Annual Growth Rate percentage (CAGR %). In addition to that, the report represents the approximate revenue which can be generated over the forecast period. However, the report has also outlined the factors that can slowdown the growth of the global IoT in Retail Market.

Market Key Players

Various key players are discussed in this report such as Software AG, SAP, Amazon Web Services, Sierra Wireless, Huawei, PTC, Microsoft Corporation, Intel, IBM, and Cisco Systems.

Market Taxonomy

By Platform

  • Device Management
  • Application Management
  • Network Management

By Technology

  • Connectivity Technology
  • RFID
  • Sensor
  • Others

By Application

  • Digital Signage
  • Supply Chain Management
  • Payment
  • Smart Shelf & doors
  • Others

By Region

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

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