PUBLISHER: KBV Research | PRODUCT CODE: 1767911
PUBLISHER: KBV Research | PRODUCT CODE: 1767911
The Latin America, Middle East and Africa In-store Analytics Market would witness market growth of 24.3% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA In-store Analytics Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $430.2 million by 2032. The Argentina market is showcasing a CAGR of 24.9% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 22.9% during (2025 - 2032).
In some cases, this might involve adjusting product placement or launching targeted promotions in specific areas of the store. Effective inventory management is vital for preventing stockouts and overstocking. These analytics systems can integrate with inventory management software to provide real-time data on product availability, ensuring that stores have the right stock levels.
Analytics tools can also monitor sales trends to predict demand for specific items, allowing retailers to optimize restocking efforts and reduce waste. Providing a personalized shopping experience is a key differentiator in today's competitive retail environment. These analytics can help retailers gather data on individual customer preferences and shopping habits, which can be used to offer tailored recommendations or promotions.
In Saudi Arabia, the rapid growth of the Internet of Things (IoT) industry is playing a pivotal role in the expansion of the market. According to the International Trade Administration (ITA), the Saudi IoT industry is projected to reach $2.9 billion by 2025, growing annually at 12.8%. This surge is driven by the country's ambitions for digital transformation under its Vision 2030 initiative. Retailers are increasingly adopting IoT-powered analytics tools-such as smart shelves, RFID tags, and real-time customer movement trackers-to enhance store intelligence, optimize inventory, and deliver personalized shopping experiences. Furthermore, Nigeria's improving economic conditions, especially with the rebound in National Disposable Income, are creating new opportunities for the market. According to the National Bureau of Statistics, Nigeria experienced consistent positive growth in disposable income starting from Q4 of 2021, with a notable increase of 4.98% in Q4 of 2022. This improvement signals growing consumer purchasing power and a potential rise in retail spending. As more Nigerians return to physical retail spaces with increased spending ability, retailers are under pressure to understand customer behavior and preferences better. In summary, Saudi Arabia's IoT expansion, Nigeria's improving consumer income, and Brazil's AI and automation boom are collectively accelerating the adoption of in-store analytics.
Based on Deployment, the market is segmented into Cloud, and On-premises. Based on Solution Type, the market is segmented into Shopper Traffic Analysis, Inventory Management, Queue Management, Planogram Compliance, and In-Store Navigation. Based on Application, the market is segmented into Merchandising Analysis, Customer Experience Enhancement, Retail Performance Management, and Loss Prevention and Security. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA In-store Analytics Market Report Segmentation
By Deployment
By Solution Type
By Application
By Country