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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1802099
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1802099
Global Internet of Things in Retail Market Size Study & Forecast, by Component, Application, Deployment Mode, Retail Format and Regional Forecasts 2025-2035
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The Global Internet of Things (IoT) in Retail Market is valued approximately at USD 57.3 billion in 2024 and is anticipated to grow with a growth rate of more than 25.9% over the forecast period 2025-2035. IoT in retail refers to the integration of connected devices, sensors, and intelligent platforms to streamline operations, enhance customer experiences, and optimize supply chain efficiency. From smart shelves and RFID-enabled inventory systems to personalized digital signage and AI-driven analytics, IoT technologies are reshaping how retailers interact with consumers and manage backend operations. This market is driven by rising digital transformation initiatives across the retail sector, growing adoption of cloud-based IoT solutions, and the increasing demand for real-time data to improve operational decision-making and consumer engagement.
The accelerating shift toward omnichannel retail has intensified the need for connected ecosystems, creating significant opportunities for IoT adoption. Retailers are deploying IoT solutions to enable contactless payments, predictive inventory management, and immersive in-store experiences that align with evolving consumer expectations. According to industry data, the surge in global e-commerce sales and heightened consumer reliance on digital shopping channels are compelling retailers to invest in IoT-enabled infrastructure. Moreover, the proliferation of 5G networks, coupled with advances in AI and machine learning, further amplifies IoT capabilities by providing low-latency, high-bandwidth environments for seamless device connectivity. However, challenges around cybersecurity risks, data privacy concerns, and the high cost of deployment may restrain growth in certain regions during the forecast period.
The detailed segments and sub-segments included in the report are:
By Component:
- Hardware
- Platform
- Services
By Application:
- Operations Management
- Customer Experience Optimization
- Asset Management
- Advertising & Marketing
By Deployment Mode:
- On-Premises
- Cloud
By Retail Format:
- Brick-and-Mortar Stores
- E-commerce
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Cloud Deployment is Expected to Dominate the Market
- Cloud deployment mode continues to account for the largest market share in IoT in retail, owing to its scalability, flexibility, and cost-effectiveness. Retailers are increasingly migrating to cloud-based platforms to enable faster deployment of IoT applications, enhance collaboration across distributed operations, and manage data more efficiently. Cloud solutions are especially critical for integrating omnichannel strategies and ensuring seamless connectivity between in-store and online systems. While on-premises deployment remains relevant for enterprises seeking greater control and security, the widespread preference for cloud services positions it as the dominant model moving forward.
- Hardware Leads in Revenue Contribution
- When segmented by component, hardware solutions such as smart sensors, RFID tags, connected cameras, and beacons hold the largest revenue share. These devices form the physical backbone of IoT infrastructure, enabling retailers to gather critical real-time insights and automate key functions like inventory tracking and shopper analytics. However, platforms and services are projected to grow at a faster pace, driven by demand for advanced data analytics, AI integration, and managed IoT services that help retailers derive actionable insights from connected ecosystems. This dynamic creates a market landscape where hardware remains the revenue leader, while services and platforms fuel long-term growth.
- The key regions considered for the Global Internet of Things (IoT) in Retail Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to dominate the market in 2025, supported by a strong base of retail technology adoption, presence of global retail chains, and significant investments in digital transformation. The region benefits from early adoption of AI, analytics, and cloud services that enhance IoT deployment. Meanwhile, Asia Pacific is projected to witness the fastest growth during the forecast period, driven by the rapid expansion of e-commerce, increasing smartphone penetration, and favorable government initiatives supporting smart retail infrastructure in markets such as China, India, and Japan. Europe is also witnessing robust growth due to evolving consumer expectations for personalized experiences and the push for sustainability-focused retail operations.
Major market players included in this report are:
- IBM Corporation
- Cisco Systems Inc.
- Intel Corporation
- Google LLC
- Microsoft Corporation
- Amazon Web Services Inc.
- SAP SE
- Qualcomm Technologies Inc.
- Samsung Electronics Co. Ltd.
- Oracle Corporation
- PTC Inc.
- AT&T Inc.
- Huawei Technologies Co. Ltd.
- Hewlett Packard Enterprise
- Software AG
Global Internet of Things (IoT) in Retail Market Report Scope:
- Historical Data - 2023, 2024
- Base Year for Estimation - 2024
- Forecast period - 2025-2035
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2025 to 2035.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of the geographical landscape with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of the competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Internet of Things (IoT) in Retail Market Report Scope & Methodology
- 1.1. Research Objective
- 1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
- 1.3. Research Attributes
- 1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
- 1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
- 2.1. CEO/CXO Standpoint
- 2.2. Strategic Insights
- 2.3. ESG Analysis
- 2.4. key Findings
Chapter 3. Global Internet of Things (IoT) in Retail Market Forces Analysis
- 3.1. Market Forces Shaping The Global Internet of Things (IoT) in Retail Market (2024-2035)
- 3.2. Drivers
- 3.2.1. Rising digital transformation initiatives across the retail sector
- 3.2.2. Growing adoption of cloud-based IoT solutions
- 3.3. Restraints
- 3.3.1. Cybersecurity risks
- 3.3.2. High cost of deployment
- 3.4. Opportunities
- 3.4.1. Increasing demand for real-time data
Chapter 4. Global Spacer Fluid Industry Analysis
- 4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Forecast Model (2024-2035)
- 4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top Investment Opportunities
- 4.5. Top Winning Strategies (2025)
- 4.6. Market Share Analysis (2024-2025)
- 4.7. Global Pricing Analysis And Trends 2025
- 4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Internet of Things (IoT) in Retail Market Size & Forecasts by Component 2025-2035
- 5.1. Market Overview
- 5.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
- 5.3. Hardware
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
- 5.4. Platform
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
- 5.5. Services
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
Chapter 6. Global Internet of Things (IoT) in Retail Market Size & Forecasts by Application 2025-2035
- 6.1. Market Overview
- 6.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
- 6.3. Operations Management
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
- 6.4. Customer Experience Optimization
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
- 6.5. Asset Management
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
- 6.6. Advertising and Marketing
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035
Chapter 7. Global Internet of Things (IoT) in Retail Market Size & Forecasts by Deployment Mode 2025-2035
- 7.1. Market Overview
- 7.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
- 7.3. On premises
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
- 7.4. Cloud
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
Chapter 8. Global Internet of Things (IoT) in Retail Market Size & Forecasts by Deployment Mode 2025-2035
- 8.1. Market Overview
- 8.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
- 8.3. Brick and Mortar Stores
- 8.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.3.2. Market size analysis, by region, 2025-2035
- 8.4. E Commerce
- 8.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.4.2. Market size analysis, by region, 2025-2035
Chapter 9. Global Internet of Things (IoT) in Retail Market Size & Forecasts by Region 2025-2035
- 9.1. Growth Internet of Things (IoT) in Retail Market, Regional Market Snapshot
- 9.2. Top Leading & Emerging Countries
- 9.3. North America Internet of Things (IoT) in Retail Market
- 9.3.1. U.S. Internet of Things (IoT) in Retail Market
- 9.3.1.1. Component breakdown size & forecasts, 2025-2035
- 9.3.1.2. Application breakdown size & forecasts, 2025-2035
- 9.3.1.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.3.1.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.3.2. Canada Internet of Things (IoT) in Retail Market
- 9.3.2.1. Component breakdown size & forecasts, 2025-2035
- 9.3.2.2. Application breakdown size & forecasts, 2025-2035
- 9.3.2.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.3.2.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.3.1. U.S. Internet of Things (IoT) in Retail Market
- 9.4. Europe Internet of Things (IoT) in Retail Market
- 9.4.1. UK Internet of Things (IoT) in Retail Market
- 9.4.1.1. Component breakdown size & forecasts, 2025-2035
- 9.4.1.2. Application breakdown size & forecasts, 2025-2035
- 9.4.1.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.4.1.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.4.2. Germany Internet of Things (IoT) in Retail Market
- 9.4.2.1. Component breakdown size & forecasts, 2025-2035
- 9.4.2.2. Application breakdown size & forecasts, 2025-2035
- 9.4.2.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.4.2.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.4.3. France Internet of Things (IoT) in Retail Market
- 9.4.3.1. Component breakdown size & forecasts, 2025-2035
- 9.4.3.2. Application breakdown size & forecasts, 2025-2035
- 9.4.3.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.4.3.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.4.4. Spain Internet of Things (IoT) in Retail Market
- 9.4.4.1. Component breakdown size & forecasts, 2025-2035
- 9.4.4.2. Application breakdown size & forecasts, 2025-2035
- 9.4.4.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.4.4.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.4.5. Italy Internet of Things (IoT) in Retail Market
- 9.4.5.1. Component breakdown size & forecasts, 2025-2035
- 9.4.5.2. Application breakdown size & forecasts, 2025-2035
- 9.4.5.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.4.5.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.4.6. Rest of Europe Internet of Things (IoT) in Retail Market
- 9.4.6.1. Component breakdown size & forecasts, 2025-2035
- 9.4.6.2. Application breakdown size & forecasts, 2025-2035
- 9.4.6.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.4.6.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.4.1. UK Internet of Things (IoT) in Retail Market
- 9.5. Asia Pacific Internet of Things (IoT) in Retail Market
- 9.5.1. China Internet of Things (IoT) in Retail Market
- 9.5.1.1. Component breakdown size & forecasts, 2025-2035
- 9.5.1.2. Application breakdown size & forecasts, 2025-2035
- 9.5.1.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.5.1.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.5.2. India Internet of Things (IoT) in Retail Market
- 9.5.2.1. Component breakdown size & forecasts, 2025-2035
- 9.5.2.2. Application breakdown size & forecasts, 2025-2035
- 9.5.2.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.5.2.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.5.3. Japan Internet of Things (IoT) in Retail Market
- 9.5.3.1. Component breakdown size & forecasts, 2025-2035
- 9.5.3.2. Application breakdown size & forecasts, 2025-2035
- 9.5.3.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.5.3.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.5.4. Australia Internet of Things (IoT) in Retail Market
- 9.5.4.1. Component breakdown size & forecasts, 2025-2035
- 9.5.4.2. Application breakdown size & forecasts, 2025-2035
- 9.5.4.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.5.4.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.5.5. South Korea Internet of Things (IoT) in Retail Market
- 9.5.5.1. Component breakdown size & forecasts, 2025-2035
- 9.5.5.2. Application breakdown size & forecasts, 2025-2035
- 9.5.5.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.5.5.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.5.6. Rest of APAC Internet of Things (IoT) in Retail Market
- 9.5.6.1. Component breakdown size & forecasts, 2025-2035
- 9.5.6.2. Application breakdown size & forecasts, 2025-2035
- 9.5.6.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.5.6.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.5.1. China Internet of Things (IoT) in Retail Market
- 9.6. Latin America Internet of Things (IoT) in Retail Market
- 9.6.1. Brazil Internet of Things (IoT) in Retail Market
- 9.6.1.1. Component breakdown size & forecasts, 2025-2035
- 9.6.1.2. Application breakdown size & forecasts, 2025-2035
- 9.6.1.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.6.1.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.6.2. Mexico Internet of Things (IoT) in Retail Market
- 9.6.2.1. Component breakdown size & forecasts, 2025-2035
- 9.6.2.2. Application breakdown size & forecasts, 2025-2035
- 9.6.2.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.6.2.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.6.1. Brazil Internet of Things (IoT) in Retail Market
- 9.7. Middle East and Africa Internet of Things (IoT) in Retail Market
- 9.7.1. UAE Internet of Things (IoT) in Retail Market
- 9.7.1.1. Component breakdown size & forecasts, 2025-2035
- 9.7.1.2. Application breakdown size & forecasts, 2025-2035
- 9.7.1.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.7.1.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.7.2. Saudi Arabia (KSA) Internet of Things (IoT) in Retail Market
- 9.7.2.1. Component breakdown size & forecasts, 2025-2035
- 9.7.2.2. Application breakdown size & forecasts, 2025-2035
- 9.7.2.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.7.2.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.7.3. South Africa Internet of Things (IoT) in Retail Market
- 9.7.3.1. Component breakdown size & forecasts, 2025-2035
- 9.7.3.2. Application breakdown size & forecasts, 2025-2035
- 9.7.3.3. Deployment mode breakdown size & forecasts, 2025-2035
- 9.7.3.4. Retail Format breakdown size & forecasts, 2025-2035
- 9.7.1. UAE Internet of Things (IoT) in Retail Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. IBM Corporation
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Financial Performance (Subject to Data Availability)
- 10.2.5. Product/Services Port
- 10.2.6. Recent Development
- 10.2.7. Market Strategies
- 10.2.8. SWOT Analysis
- 10.3. Cisco Systems Inc.
- 10.4. Intel Corporation
- 10.5. Google LLC
- 10.6. Microsoft Corporation
- 10.7. Amazon Web Services Inc.
- 10.8. SAP SE
- 10.9. Qualcomm Technologies Inc.
- 10.10. Samsung Electronics Co. Ltd.
- 10.11. Oracle Corporation
- 10.12. PTC Inc.
- 10.13. AT&T Inc.
- 10.14. Huawei Technologies Co. Ltd.
- 10.15. Hewlett Packard Enterprise
- 10.16. Software AG
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