Connected retail means to connect with the customers seamlessly through personalized marketing, the combination of a physical store and digital experience, supply chain, varied payment options and providing the capability to employees to collaborate more effectively.
MARKET DYNAMICS
Increasing adoption of the Internet of Things (IoT) is the primary driver of the global connected retail market, promising to revolutionize the way retailers handle their inventory management and customers use end products such as washing machines, wearable devices, automotive, mobile phones and tablets, among others. As the technology is harnessed further, the costs of components such as RFID tags are expected to decline and become more affordable for larger masses. The emergence of omni channel retailing also expected to fuel the connected retail market, which on the other hand is expected to suffer negatively from a few factors such as privacy issues and lack of IoT standards.
MARKET SCOPE
The "Global Connected Retail Market Analysis to 2028"? is a specialized and in-depth study of the connected retail market with a special focus on the global market trend analysis. The report aims to provide an overview of connected retail market with detailed market segmentation by component, technology. The global connected retail market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading connected retail market player and offers key trends and opportunities in the connected retail market.
MARKET SEGMENTATION
The global connected retail market is segmented on the basis of component, technology. On the basis of component, market is segmented as hardware, software, services. On the basis of technology, market is segmented as Zigbee, WI-FI, Bluetooth LE, NFC, others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global connected retail market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The connected retail market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting connected retail market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the connected retail market in these regions.
MARKET PLAYERS
The reports cover key developments in the connected retail market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from connected retail market are anticipated to lucrative growth opportunities in the future with the rising demand for connected retail market. Below mentioned is the list of few companies engaged in the connected retail market.
The report also includes the profiles of key connected retail market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Atmel Corporation
- ARM Holdings PLC
- Cisco Systems, Inc.
- IBM Corporation
- Google, Inc.
- Intel Corporation
- NXP Semiconductors N.V.
- Microsoft Corporation
- PTC, Inc.
- Softweb Solutions, Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.