According to the recent study the connected retail market is projected to reach an estimated $XX billion by 2027 from $XX billion in 2022, at a CAGR of 18% to 20% from 2022 to 2027. Growth in this market is primarily driven by rapid growth of IoT devices, increase in the connected platforms, and rise of omnichannel retailing.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in connected retail market by technology (ZigBee, NFC, Bluetooth low energy, Wi-Fi, and others), component (hardware, software and services) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Bluetooth low energy market is expected to remain the largest segment during the forecast period.”
Based on technology, the connected retail market is segmented into ZigBee, NFC, Bluetooth low energy, Wi-Fi, and others. Lucintel forecasts that the Bluetooth low energy market is expected to remain the largest segment due to the surge in installation and usage of the technology and it transmits fewer data over shorter distances using much less power than Bluetooth.
“Within the connected retail market, the hardware segment is expected to remain the largest component”
Based on component the hardware segment is expected to witness the highest growth over the forecast period due to the increasing proliferation of connected devices at retailer and consumer levels, and stimulation by IoT including sensors and communication chips.
“North America will dominate the connected retail market in near future”
North America will remain the fastest region due to the increase in awareness about several advantages of connected solutions among retailers including cost savings, optimization of employee efficiency, and linked consumers is creating massive business prospects for market enterprises in the region.
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Major players of connected retail market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Zebra Technologies Corporation, Softweb Solutions Inc., SAP AG, PTC Inc., NXP Semiconductors N.V., Microsoft Corporation, Intel Corporation, IBM, Google Inc., Cisco Systems Inc., Atmel Corporation, ARM Holdings PLC are among the major connected retail providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/connected-retail-market.aspx or [email protected]