March 31, 2020
Connected Retail Market

Connected Retail Market report 2027 shows growth drivers, opportunities and forecast

The overall connected retail market had registered a market value of US$ 15.40 Bn in 2018 and is set to grow with a CAGR of 20.6 % during the forecast period.

Market Insights The increasing adoption of IoT devices in the retail sector is one of the key factors driving the connected retail market, as all products are being tracked through these systems and allows retailers to keep track of their stock. In addition, the connected devices also enable the individual to streamline their supply chain, making the workflow easier and more productive and improving the overall functionality of the store or organisation.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Based on technology, the connected retail market has been segmented as ZigBee, NFC, low-energy Bluetooth, Wi-Fi, and others. The Bluetooth segment was the dominant segment in 2018 with a market share of more than 30.0 per cent and is expected to dominate the market during the forecast period. Bluetooth technology is one of the most advanced technologies that has been integrated with most of the products that drive the market. However, ZigBee is considered to be the fastest growing segment in the forecast period.

Asia-Pacific is expected to be the fastest-growing region for the connected retail market during the forecast period. The continuous advancement of technology is considered to be a major driver of market growth in the region. Increased adoption of smart devices and IoT systems across the retail sector is driving market growth in the Asia-Pacific region. In addition, the increasing preference of users for internet-based shopping is also fuelling the growth of the market. The region has been bifurcated by countries such as China, India, Japan and the rest of Asia-Pacific. China held the largest market share in 2018 as a result of the country’s growing development and urbanisation.

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By Component Segment (2017–2027; US$ Bn)
By Technology Segment (2017–2027; US$ Bn)
By End-User Segment (2017–2027; US$ Bn)
By Geography Segment (2017–2027; US$ Bn)

Some of the leading market players are Verizon, Cisco Systems, IBM Corporation, ARM Holding PLC, Belatrix Software, Softweb Solutions Inc., Google Inc., Atmel Corporation, Microsoft Corporation, Honeywell International Inc., Intel Corporation, NXP Semiconductors NV, Zebra Technologies Corp., SAP SE, Fujitsu Limited, and PTC Inc.

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