Global Internet of Things in Retail Market Size, Share, Growth Analysis, By Solutions(Hardware and software), By Service(Professional and managed service), By Technology(Bluetooth low energy, Near field communication)

Description

Global Internet of Things in Retail Market size was valued at USD 33.1 billion in 2021 and is poised to grow from USD 42.38 billion in 2022 to USD 297.44 billion by 2030, growing at a CAGR of 28.4% in the forecast period (2023-2030).

The Internet of Things (IoT) is transforming the retail industry by providing retailers with new ways to manage in-store operations and provide customers with a better shopping experience. IoT devices such as smart shelves and RFID tags can help retailers track inventory levels, monitor store premises, and optimize the supply chain. IoT-enabled digital signage and beacons can also be used to collect data on customer behavior and provide personalized recommendations. Automated checkout systems using IoT devices can also improve customer satisfaction and increase foot traffic.

Segments covered in this report:

The global Internet of Things in Retail Market is segmented based on the Solution, service, technology and region. Based on the solution, the Global Internet of Things in Retail Market is segmented into hardware and software. Based on the service, the market has been segmented into professional and managed service. Based on the technology, the market has been segmented into Bluetooth low energy, Near field communication, ZigBee. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The Internet of Things (IoT) has a lot of benefits for the retail industry, including efficient store space monitoring, inventory management, supply chain management, and customer behavior tracking. IoT-connected digital signage, shelf displays, beacons, and price tickers can give brands access to a wealth of information about consumer behavior during in-store purchases. This information can be used to improve the customer experience and optimize the supply chain.

Restraint

The global IoT market for retail is facing some challenges, such as security and privacy concerns, as well as high deployment and maintenance costs. However, there are also some opportunities, such as the decline in the price of connected devices and the adoption of IoT among SMEs. These opportunities could help to drive the growth of the IoT market in the retail sector.

Key Market Trend

Digital transformation is the process of using digital technologies to improve business operations and decision-making. IoT in retail solutions is one of the most popular digital technologies for businesses looking to increase productivity and meet changing customer demands.

IoT technologies like sensors and RFID can help businesses track inventory levels, monitor store premises, and collect data on customer behavior. This information can be used to improve the customer experience, optimize the supply chain, and make better business decisions.

Product Code: SQMIG45D2057

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Internet of Things in Retail Market by Solutions

Market Overview
Hardware and software

Global Internet of Things in Retail Market by Service

Market Overview
Professional and managed service

Global Internet of Things in Retail Market by Technology

Market Overview
Bluetooth low energy
Near field communication
ZigBee.

Global Internet of Things in Retail Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

IBM
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Intel Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Microsoft Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cisco Systems Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SAP SE
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zebra Technologies Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
PTC Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Huawei Technologies Co. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Software AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amazon Web Services, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fujitsu Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bosch Software Innovations GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NXP Semiconductors N.V.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Qualcomm Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Google LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hewlett Packard Enterprise Development LP
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oracle Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ARM Holdings PLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siemens AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
General Electric Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Internet of Things in Retail Market Size, Share, Growth Analysis, By Solutions(Hardware and software), By Service(Professional and managed service), By Technology(Bluetooth low energy, Near field communication) - Industry Forecast 2023-2030