global Internet of Things (IoT) in Retail Market, By Component (Sensors, Gateway, RFDI), By Technolo

Published Date: | Report Code : IT1929920

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Market Dynamics:

The adoption of IoT in these retailing procedures is due to expanding web pervasiveness and the development of the cloud stage is expected to drive the growth of Internet of Things (IoT) in Retail Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Automation and optimization of the supply chain are one of the prime reasons for the adoption of integrated technology among the retailers, in turn, propelling the growth of the global IoT in the retail market in a positive manner. The Internet of Things (IoT) in retail market is expected to witness a positive trend in its growth attributable to increasing requirement of on the go connectivity, incremental production of connected devices, increased adoption of collective standards, and growing competition, thereby, increasing the revenue of various retail companies by delivering better consumer experience.

Internet of Things (IoT) is essentially embraced in each procedure of retailing; for example, publicizing and promoting, booths, candy machines, stock administration, and client installments. The adoption of IoT in these retailing procedures is due to expanding web pervasiveness and development of the cloud stage. Expanding interest for improved adaptability, numerous distribution channels, better administration, an upgraded experience are required to drive industry development. The development can be likewise credited to the converging of advanced and in-store tasks in retail locations.

Continuous advancements in retail are empowering retailers to obtain physical shopping knowledge. Retailers are making stores increasingly intuitive. Cell phones and tablets empowered with Bluetooth Low Energy (BLE) are utilized for item advancements, subsequently promising social sharing.

Key Factors Impacting Market Growth:

  • Improved adaptability, numerous distribution channels, better administration, and upgraded experience
  • Divided innovation models, privacy, and security concerns
  • Ease in accurately anticipating customer behavior, predicting demand, and personalizing the customer experience
  • The declining cost of sensors and RFID

Regional Analysis:

By region, the internet of things in retail market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of the internet of things in retail market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end users in the respective region. 

The North America internet of internet of things in retail market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.  Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others. 

Companies Covered: Zebra Technologies Corporation, Allerin Tech Pvt. Ltd., Verizon Enterprise, ARM Holdings Plc, Softweb Solutions Inc., Losant IoT Inc., Cisco Systems Inc., SAP AG, Google Inc., RetailNext Inc., IBM Corporation, PTC Inc., Impinj Inc., NXP Semiconductors N.V., Intel Corporation, and Microsoft Corporation…

Market Segmentation:

By Component:

  • Sensors
  • Gateway
  • RFDI

By Technology:

  • Wi-Fi
  • NFC
  • Zigbee
  • BLE

By Application:

  • Management Professionals
  • Management Tools
  • Remote Device
  • Interactive Mirror
  • Managed Services
  • Beacon Alert
  • Retail Workshop
  • Augmented Reality Apps
  • Robot Guidelines
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Component
    • By Technology
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Component
    • By Technology
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Component
    • By Technology
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Component
    • By Technology
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Component
    • By Technology
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Component
    • By Technology
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global Internet of Things (IoT) in the retail market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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