PUBLISHER: The Business Research Company | PRODUCT CODE: 2161024
PUBLISHER: The Business Research Company | PRODUCT CODE: 2161024
The Internet of Things (IoT) in retail applications refers to the integration of internet-connected devices and intelligent sensors that collect, transmit, and analyze real-time data across retail operations. It enables retailers to enhance operational efficiency, improve decision-making, increase visibility across business processes, and provide more personalized customer experiences.
The primary components of Internet of Things (IoT) in retail applications include hardware, software, and services. Hardware refers to physical devices and equipment used to collect, process, transmit, and monitor data within connected retail environments. These solutions utilize radio frequency identification, sensors, near field communication, cloud services, and other technologies and are deployed through on-premises and cloud-based models. The various applications include smart checkout and payment systems, inventory management, customer experience and engagement, supply chain and logistics management, asset tracking and monitoring, smart shelves and electronic shelf labels, predictive maintenance, loss prevention and security monitoring, and others. They are used by several end users such as supermarkets and hypermarkets, convenience stores, specialty stores, department stores, e-commerce retailers, warehouse and distribution centers, and others.
Tariffs are influencing the Internet of Things (IoT) in retail applications market by increasing the cost of imported sensors, RFID equipment, connected cameras, point-of-sale devices, networking hardware, and semiconductor components used in connected retail environments. The impact is strongest across hardware-intensive applications such as smart checkout and payment systems, inventory management, smart shelves, asset tracking, and loss prevention, particularly in North America, Europe, and Asia-Pacific, where retailers rely on globally sourced electronics and components. Higher equipment costs can delay store modernization and increase deployment expenses for supermarkets, hypermarkets, e-commerce retailers, and warehouse and distribution centers. However, tariffs are also encouraging retailers and technology providers to diversify suppliers, increase regional sourcing, strengthen local manufacturing, and adopt cloud-based solutions that reduce dependence on imported physical infrastructure.
The internet of things (IoT) in retail applications market research report is one of a series of new reports from The Business Research Company that provides internet of things (IoT) in retail applications market statistics, including internet of things (IoT) in retail applications industry global market size, regional shares, competitors with a internet of things (IoT) in retail applications market share, detailed internet of things (IoT) in retail applications market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (IoT) in retail applications industry. This internet of things (IoT) in retail applications market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The internet of things (IoT) in retail applications market size has grown exponentially in recent years. It will grow from $39.91 billion in 2025 to $51.31 billion in 2026 at a compound annual growth rate (CAGR) of 28.6%. The growth in the historic period can be attributed to increasing demand for inventory visibility, rising adoption of automated retail operations, growing need for accurate stock monitoring, increasing focus on enhancing customer experience, and expanding adoption of electronic payment systems.
The internet of things (IoT) in retail applications market size is expected to see exponential growth in the next few years. It will grow to $138.39 billion in 2030 at a compound annual growth rate (CAGR) of 28.1%. The growth during the forecast period can be attributed to growing demand for frictionless checkout experiences, rising need for real-time retail decision-making, increasing adoption of connected store infrastructure, expanding demand for automated loss prevention, and growing need for supply chain visibility. Major trends in the forecast period include increasing adoption of real-time inventory visibility, rising deployment of automated checkout technologies, growing use of sensor-enabled store operations, increasing demand for personalized customer engagement, and rising integration of connected retail systems.
The rising adoption of connected devices is expected to propel the growth of the Internet of Things (IoT) in the retail applications market going forward. Connected devices are electronic devices that use network connectivity to communicate, exchange data, and interact with other devices or systems. The number of connected devices is increasing due to the rising adoption of smart technologies that enable greater automation, real-time data exchange, and improved operational efficiency. The Internet of Things (IoT) in retail applications supports connected devices by enabling them to collect, share, and analyze real-time data, thereby improving operational efficiency, inventory visibility, and customer experiences. For instance, in July 2025, according to the European Commission, a Belgium-based governing body, in 2023, the number of installed IoT-connected devices was around 40 billion and is projected to reach 49 billion by 2026, representing an annual growth rate of 7%. Therefore, the rising adoption of connected devices is driving the growth of the Internet of Things (IoT) in the retail applications market.
Major companies operating in the Internet of Things (IoT) retail applications market are concentrating on developing innovative solutions, such as intelligent retail edge computing platforms, to improve in-store automation, enhance operational efficiency, and support real-time decision-making. Intelligent retail edge computing platforms are computing systems that process retail data locally using AI and connected technologies, enabling faster analytics, automated operations, and reduced latency without depending entirely on cloud infrastructure. For instance, in March 2026, Fibocom Wireless Inc., a China-based IoT wireless communication solutions provider, launched the AI electronic cash register (ECR) solution, designed to support intelligent retail operations by integrating AI computing capabilities with electronic cash register systems. The solution provides benefits including real-time AI-powered analytics, seamless IoT connectivity, and enhanced operational efficiency. The launch is intended to help retailers optimize store management, strengthen customer engagement, and improve business productivity while supporting the growing adoption of AI-driven smart retail technologies.
In October 2025, Qualcomm Technologies Inc., a US-based semiconductor and wireless technology company, acquired Arduino S.r.l. for an undisclosed amount. Through this acquisition, Qualcomm Technologies sought to accelerate developer access to its edge AI and computing technologies by combining its advanced processing capabilities with Arduino's open-source ecosystem and global developer community. Arduino S.r.l. is an Italy-based open-source hardware and software company that develops microcontroller platforms widely used for IoT prototyping and connected device development.
Major companies operating in the internet of things (IoT) in retail applications market are Google LLC, Microsoft Corporation, Amazon Web Services Inc, Huawei Technologies Co Ltd, Siemens Aktiengesellschaft, International Business Machines Corporation, Cisco Systems Inc, Intel Corporation, Oracle Corporation, Honeywell International Inc, Qualcomm Incorporated, SAP SE, NXP Semiconductors NV, Avery Dennison Corporation, Zebra Technologies Corporation, PTC Inc, Samsara Inc, SOTI Inc, Impinj Inc, Arm Limited
North America was the dominant region in the internet of things (IoT) in retail applications market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the internet of things (IoT) in retail applications market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the internet of things (IoT) in retail applications market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The Internet of Things (IoT) in retail applications market consists of revenues earned by entities by providing services such as store energy management services, retail space utilization analytics, and remote device management. The market value includes the value of related goods sold by the service provider or included within the service offering. The Internet of Things (IoT) in retail applications market also includes sales of Bluetooth low energy (BLE) beacons, smart shopping carts and baskets, and remote monitoring and control systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Internet Of Things (IoT) In Retail Applications Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses internet of things (iot) in retail applications market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for internet of things (iot) in retail applications ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The internet of things (iot) in retail applications market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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