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PUBLISHER: Grand View Research | PRODUCT CODE: 1268729

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PUBLISHER: Grand View Research | PRODUCT CODE: 1268729

Internet Of Things (IoT) In Retail Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Technology, By Deployment (Cloud, On-premise), By Application, By Region, And Segment Forecasts, 2023 - 2030

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Internet Of Things In Retail Market Growth & Trends:

The global internet of things in retail market size is expected to reach USD 297.44 billion by 2030, growing at aCAGR of 28.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the adoption and implementation of connected technologies, such as Bluetooth Low Energy (BLE) and Near-Field Communication (NFC), for enhanced shopping and payment experience. Furthermore, with the reduced cost of IoT sensors and hardware, the demand for a seamless shopping experience is expected to fuel the adoption of IoT in the retail market. The growing acceptance of smart payments in the retail sector is also one of the major factors that will drive the industry's growth over the forecast period.

IoT devices also help in the back-end operations for retailers, such as organizing effective logistics operations. The GPS trackers, RFID tags, and IoT-connected sensors help track the movement of goods in real-time, providing seamless supply chain management. This also prevents damage, spoilage, or loss of goods during transportation, which is significantly valuable for perishable food items. This, in turn, is expected to drive the IoT in retail market growth. For instance, in November 2022, Microsoft Corporation launched its Microsoft Supply Chain Platform, which is expected to help organizations make the most of their supply chain data domain investment. This would be aided by the Microsoft ecosystem, which includes Microsoft Cloud, Azure, and Dynamic 365, among others.

The pandemic has had a significant impact on worldwide spending, including the retail industry. Retailers had put several new projects on hold as their primary focus was the continuation of business operations during the economic crisis. Moreover, the technology roadmap for IoT has been delayed by the companies due to remote working limitations. However, IoT adoption in retail is expected to increase in the coming years. Retailers are implementing mobile payment systems, autonomous cleaning robots, and contactless checkout kiosks to reduce human interference and curb the spread of the coronavirus. Advanced technologies, such as AI, cloud services, and automation, are further augmenting the growth of the retail industry post-pandemic.

Internet Of Things In Retail Market Highlights:

  • The services component segment is expected to grow at a CAGR of 31.1% from 2023 to 2030 owing to the significant adoption of IoT in the retail sector, which has augmented the demand for infrastructure and application management services
  • The NFC technology segment accounted for a significant revenue share of over 32% in 2022 owing to innovation in payment methods via mobile wallets
  • The customer management application segment is expected to grow at the highest CAGR of 33.1% from 2023 to 2030 as it enables retailers to deliver a customized, personalized, and engaging experience to their customers
  • The on-premise deployment segment accounted for a considerable revenue share of over 48% in 2022 owing to the advantages offered to retailers, such as control over data security & privacy, reliability, cost savings, and customization options
  • Asia Pacific is expected to grow at the fastest CAGR of 32.7% during the forecast period as a result of rising investments in the retail sectors of developing countries in the region
Product Code: GVR-1-68038-752-0

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definitions
  • 1.3 Information Procurement
    • 1.3.1 Information Analysis
    • 1.3.2 Market Formulation & Data Visualization
    • 1.3.3 Data Validation & Publishing
  • 1.4 Research Scope And Assumptions
    • 1.4.1 List Of Data Sources

Chapter 2 Executive Summary

  • 2.1 Market Snapshot
  • 2.2 Segment Snapshot
  • 2.3 Competitive Landscape Snapshot

Chapter 3 Market Variables, Trends & Scope

  • 3.1 Market Lineage Outlook
  • 3.2 Industry Value Chain Analysis
  • 3.3 Market Dynamics
    • 3.3.1 Market Driver Analysis
      • 3.3.1.1 Need For Enhanced Customer Experience
      • 3.3.1.2 Decline In Component Cost
    • 3.3.2 Market Restraint Analysis
      • 3.3.2.1 Fragmented Technology Standards
      • 3.3.2.2 Privacy And Security Concerns
  • 3.4 Market Challenges
  • 3.5 Market Opportunities
  • 3.6 Industry Analysis Tools
    • 3.6.1 Porter's Analysis
    • 3.6.2 Macroeconomic Analysis

Chapter 4 Component Estimates And Trend Analysis

  • 4.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Billion)
  • 4.2 Component Movement Analysis & Market Share, 2022 & 2030
  • 4.3 Iot In Retail Market Estimates & Forecast, By Component (USD Billion)
    • 4.3.1 Hardware
      • 4.3.1.1 Beacons
      • 4.3.1.2 Rfid Tags
      • 4.3.1.3 Sensors
      • 4.3.1.4 Wearables
    • 4.3.2 Platform
      • 4.3.2.1 Connectivity Management
      • 4.3.2.2 Application Management
      • 4.3.2.3 Device Management
    • 4.3.3 Services
      • 4.3.3.1 Professional Services
      • 4.3.3.2 Managed Services

Chapter 5 Technology Estimates And Trend Analysis

  • 5.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Billion)
  • 5.2 Technology Movement Analysis & Market Share, 2022 & 2030
  • 5.3 Iot In Retail Market Estimates & Forecast, By Technology (USD Billion)
    • 5.3.1 Bluetooth Low Energy
    • 5.3.2 Near Field Communication
    • 5.3.3 Zigbee
    • 5.3.4 Others

Chapter 6 Application Estimates And Trend Analysis

  • 6.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Billion)
  • 6.2 Application Movement Analysis & Market Share, 2022 & 2030
  • 6.3 Iot In Retail Market Estimates & Forecast, By Application (USD Billion)
    • 6.3.1 Operations Management
      • 6.3.1.1 Inventory Management
      • 6.3.1.2 Supply Chain Automation
      • 6.3.1.3 Workforce Management
      • 6.3.1.4 Security And Safety
    • 6.3.2 Customer Management
      • 6.3.2.1 Smart Vending Machine
      • 6.3.2.2 Smart Shelves
      • 6.3.2.3 Queue Management
      • 6.3.2.4 Automated Checkout
    • 6.3.3 Asset Management
      • 6.3.3.1 Asset Tracking
      • 6.3.3.2 Predictive Management
    • 6.3.4 Advertising And Marketing
      • 6.3.4.1 Smart Digital Signage
      • 6.3.4.2 Geomarketing
    • 6.3.5 Others

Chapter 7 Deployment Estimates And Trend Analysis

  • 7.1 Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2030 (USD Billion)
  • 7.2 Deployment Movement Analysis & Market Share, 2022 & 2030
  • 7.3 Iot In Retail Market Estimates & Forecast, By Deployment (USD Billion)
    • 7.3.1 On - Premise
    • 7.3.2 Cloud

Chapter 8 Regional Estimates & Trend Analysis

  • 8.1 Iot In Retail Market By Region, 2022 & 2030
  • 8.2 North America
    • 8.2.1 North America Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.2.2 U.S.
      • 8.2.2.1 U.S. Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.2.3 Canada
      • 8.2.3.1 Canada Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.3 Europe
    • 8.3.1 Europe Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.3.2 Uk
      • 8.3.2.1 Uk Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.3.3 Germany
      • 8.3.3.1 Germany Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.3.4 France
      • 8.3.4.1 France Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.3.5 Italy
      • 8.3.5.1 Italy Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.3.6 Spain
      • 8.3.6.1 Spain Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.4 Asia Pacific
    • 8.4.1 Asia Pacific Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.4.2 China
      • 8.4.2.1 China Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.4.3 India
      • 8.4.3.1 India Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.4.4 Japan
      • 8.4.4.1 Japan Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.4.5 South Korea
      • 8.4.5.1 South Korea Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.5 Latin America
    • 8.5.1 Latin America Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.5.2 Brazil
      • 8.5.2.1 Brazil Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.5.3 Mexico
      • 8.5.3.1 Mexico Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
  • 8.6 Middle East & Africa (Mea)
    • 8.6.1 Mea Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.6.2 Uae
      • 8.6.2.1 Uae Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
    • 8.6.3 South Africa
      • 8.6.3.1 South Africa Iot In Retail Market Estimates & Forecasts, 2018 - 2030 (USD Billion)

Chapter 9 Smart Lock Market - Competitive Landscape

  • 9.1 Key Market Participants
    • 9.1.1 Arm Limited
    • 9.1.2 Cisco Systems Inc.
    • 9.1.3 Google Llc
    • 9.1.4 Ibm Corporation
    • 9.1.5 Impinj, Inc.
    • 9.1.6 Intel Corporation
    • 9.1.7 Losant Iot
    • 9.1.8 Microsoft Corporation
    • 9.1.9 Nxp Semiconductors
    • 9.1.10 Ptc Inc.
    • 9.1.11 Retailnext, Inc.
    • 9.1.12 Sap Se
    • 9.1.13 Softweb Solutions Inc.
    • 9.1.14 Verizon Communications Inc.
    • 9.1.15 Zebra Technologies Corporation
  • 9.2 Recent Development & Impact Analysis, By Key Market Participants
  • 9.3 Company Categorization
  • 9.4 Participant's Overview
  • 9.5 Financial Performance
  • 9.6 Product Benchmarking
  • 9.7 Company Heat Map Analysis
  • 9.8 Key Company Analysis, 2022
  • 9.9 Strategy Mapping
    • 9.9.1 Partnership
    • 9.9.2 Merger & Acquisition
    • 9.9.3 New Product/Feature Launch
    • 9.9.4 Certifications
    • 9.9.5 Expansion
Product Code: GVR-1-68038-752-0

List of Tables

  • Table 1 Key market driver impact
  • Table 2 Key market restraint impact
  • Table 3 Global IoT in retail market revenue estimates and forecast, by component, 2018 - 2030 (USD Billion)
  • Table 4 Global IoT in retail market revenue estimates and forecast, by technology, 2018 - 2030 (USD Billion)
  • Table 5 Global IoT in retail market revenue estimates and forecast, by application, 2018 - 2030 (USD Billion)
  • Table 6 Global IoT in retail market revenue estimates and forecast, by deployment, 2018 - 2030 (USD Billion)
  • Table 7 Company heat map analysis
  • Table 8 Key companies undergoing partnerships
  • Table 9 Key companies involved in merger & acquisition
  • Table 10 Key companies involved in new product launch

List of Figures

  • Fig. 1 IoT in retail market segmentation
  • Fig. 2 Information procurement
  • Fig. 3 Data analysis models
  • Fig. 4 Market formulation and validation
  • Fig. 5 Data validating & publishing
  • Fig. 6 Market snapshot
  • Fig. 7 Segment snapshot
  • Fig. 8 Industry snapshot
  • Fig. 9 IoT market value, 2022 (USD Billion)
  • Fig. 10 Value chain analysis
  • Fig. 11 Market dynamics
  • Fig. 12 IoT in retail market: Porter's analysis
  • Fig. 13 IoT in retail market: PESTEL analysis
  • Fig. 14 IoT in retail market, by component, key takeaways, 2018 - 2030 Revenue (USD Billion)
  • Fig. 15 IoT in retail market, by component: market share, 2022 & 2030
  • Fig. 16 Hardware market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 17 Platform market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 18 Services market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 19 IoT in retail market, by technology, key takeaways, 2018 - 2030 Revenue (USD Billion)
  • Fig. 20 IoT in retail market, by technology: market share, 2022 & 2030
  • Fig. 21 Bluetooth low energy market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 22 Near field communications market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 23 ZigBee market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 24 Others market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 25 IoT in retail market, by application, key takeaways, 2018 - 2030 Revenue (USD Billion)
  • Fig. 26 IoT in retail market, by application: market share, 2022 & 2030
  • Fig. 27 Operations management market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 28 Customer management market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 29 Asset management market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 30 Advertising and marketing market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 31 Others market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 32 IoT in retail market, by deployment, key takeaways, 2018 - 2030 Revenue (USD Billion)
  • Fig. 33 IoT in retail market, by deployment: market share, 2022 & 2030
  • Fig. 34 On - premise market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 35 Cloud market estimates & forecasts, 2018 - 2030 (USD Billion)
  • Fig. 36 IoT in retail market by region, 2022 & 2030 Revenue (USD Billion)
  • Fig. 37 Regional marketplace: Key takeaways
  • Fig. 38 Regional marketplace: Key takeaways
  • Fig. 39 North America IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 40 U.S. IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 41 Canada IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 42 Europe IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 43 UK IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 44 Germany IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 45 France IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 46 Italy IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 47 Spain IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 48 Asia Pacific IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 49 China IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 50 India IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 51 Japan IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 52 South Korea IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 53 Latin America IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 54 Brazil IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 55 Mexico IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 56 MEA IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 57 UAE IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 58 South Africa IoT in retail market estimates & forecast, 2018 - 2030 (USD Billion)
  • Fig. 59 Key company categorization
  • Fig. 60 Key company market share analysis, 2022
  • Fig. 61 Strategy framework
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