Connected Retail Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00125309
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.75 |
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The Connected Retail Market is anticipated to grow at a CAGR of 13.78% between 2022 and 2032, with an estimated increase of USD 47,612.85 million during the forecast period. This growth is driven by the increasing integration of digital technologies in the retail sector to enhance customer experiences, optimize operations, and enable personalized marketing. Connected retail involves the use of IoT devices, data analytics, and automation to create seamless and immersive shopping environments.
Connected Retail Market Overview:
Drivers:
The demand for enhanced customer engagement, real-time inventory management, and data-driven insights are key drivers for the connected retail market. Retailers deploy connected solutions to track consumer behavior, offer personalized recommendations, and optimize store layouts.
Trends:
The integration of augmented reality (AR) and virtual reality (VR) in connected retail is a significant trend. AR and VR technologies enable customers to visualize products, try on virtual outfits, and experience interactive shopping from their homes.
Restraints:
Data privacy concerns and the need for robust cybersecurity pose challenges to market growth. The collection and utilization of customer data require adherence to strict privacy regulations and the implementation of secure data storage and transmission.
Connected Retail Market Segmentation:
Application:
The e-commerce sector is expected to experience robust growth in connected retail adoption. Online retailers leverage data analytics and personalized recommendations to enhance user experiences and increase sales.
In brick-and-mortar stores, connected retail solutions enable real-time inventory tracking, smart shelving, and interactive displays, enhancing customer engagement.
Type:
IoT devices and smart payment systems are key segments within the market. IoT devices such as beacons and RFID tags enable location-based marketing and real-time inventory updates.
Regional Overview:
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North America leads in connected retail adoption due to its mature retail sector and widespread technology adoption. Asia-Pacific is also a prominent market, driven by the region's expanding middle class and increasing digitalization.
Connected Retail Market Customer Landscape:
The report analyzes customer adoption stages, from initial exploration to full integration, offering insights into factors influencing purchasing decisions. This insight helps companies tailor strategies for different customer segments.
Major Connected Retail Market Companies:
Companies are employing strategies such as partnerships, acquisitions, and launching innovative solutions to establish a strong market presence.
- RetailTech Innovations: Offers comprehensive connected retail solutions integrating IoT devices and data analytics to create personalized shopping experiences for customers.
- OmniShop Solutions: Specializes in smart payment systems, enabling seamless and secure transactions in connected retail environments.
The competitive landscape analysis provides insights into market dynamics and assists in devising effective business strategies.
Segment Overview:
The report provides revenue forecasts globally, regionally, and at the country level, along with insights into emerging trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032):
- E-commerce
- Brick-and-Mortar Stores
- Others
- Type Outlook (USD Million, 2019 - 2032):
- IoT Devices
- Smart Payment Systems
- Geography Outlook (USD Million, 2019 - 2032):
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of the World
- Latin America
- Middle East & Africa
TABLE OF CONTENTS: GLOBAL Connected Retail MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Connected Retail MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Connected Retail Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Connected Retail MARKET BY component landscape
SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 Hardware
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Software
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4 Services
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Connected Retail MARKET BY technology INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 ZigBee
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 NFC
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4 Bluetooth Low Energy
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.5 Wi-Fi
6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Connected Retail MARKET REGIONAL OUTLOOK
7.1. Connected Retail Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Connected Retail Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Connected Retail Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Connected Retail Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Connected Retail Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Connected Retail Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 Cisco Systems
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 Microsoft Corporation
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Intel Corporation
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 IBM Corporation
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Honeywell International Inc
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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