Global IoT in Retail Market was valued at USD 13.55 billion in 2019 which is expected to grow USD 37.89 billion by 2030 at a CAGR 18.8%.
IoT is commonly called as internet of things which helps retailers to collect data and produce insights. Rise in adoption of digitalization & automation across various industries including retail industry to gain operational efficiency benefits will grow the IoT in retail market growth.
Market Drivers
Increase in demand for Internet of Things in retail industry is the key driving factor which is expected to boost the global IoT in retail market growth. Furthermore, rise in adoption of smart payment solution by consumers is expected to propel the growth of global IoT in retail industry. Moreover, increase in technological developments and innovations will have the positive impact on global IoT in Retail market growth. For instance, in August 2019, Staunch had launched new technology in Indian retail market, which named as YI technologies. YI technologies offer IoT products for India. In addition to that, rise in adoption of omnichannel shopping and rapid penetration of smartphones is expected to drive the growth of global IoT in retail industry.
Market Restraint
However, Security and privacy concern regarding data is the major restraining factor which is expected to affect the global IoT in retail market growth. Also, lack of common standards and interoperability is expected to hamper the growth of global IoT in retail market.
Impact of COVID 19 on Market
The COVID 19 pandemic is the major challenging factor which is expected to slow down manufacturing production, and supply chain during this forecast period. Due to increase in COVID 19 confirmed cases and deaths various sectors are facing challenges. Many governments had announced lockdown, which is expected to hamper the global IoT in retail market growth.
Market Segmentation
Global IoT in Retail Market is segmented into platform such as Device Management, Application Management, and Network Management, by technology such as Connectivity Technology, RFID, Sensor, and Others. Further, Global IoT in Retail Market is segmented into component such as Software, Hardware, and Services, by application such as Digital Signage, Supply Chain Management, Payment, Smart Shelf & doors, and others.
Also, Global IoT in Retail Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Software AG, SAP, Amazon Web Services, Sierra Wireless, Huawei, PTC, Microsoft Corporation, Intel, IBM, and Cisco Systems.
Market Taxonomy
By Platform
By Technology
By Application
By Region
Key Questions Addressed by the Report
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global IoT in Retail Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global IoT in Retail Market, By Platform
5.1 Y-o-Y Growth Comparison, By Platform
5.2 Global IoT in Retail Market Share Analysis, By Platform
5.3 Global IoT in Retail Market Size and Forecast, By Platform
5.3.1 Device Management
5.3.2 Application Management
5.3.3 Network Management
6 Global IoT in Retail Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global IoT in Retail Market Share Analysis, By Technology
6.3 Global IoT in Retail Market Size and Forecast, By Technology
6.3.1 Connectivity Technology
6.3.2 RFID
6.3.3 Sensor
6.3.4 Others
7 Global IoT in Retail Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global IoT in Retail Market Share Analysis, By Application
7.3 Global IoT in Retail Market Size and Forecast, By Application
7.3.1 Digital Signage
7.3.2 Supply Chain Management
7.3.3 Payment
7.3.4 Smart Shelf & Doors
7.3.5 Others
8 Global IoT in Retail Market, By Region
8.1 Global IoT in Retail Market Share Analysis, By Region
8.2 Global IoT in Retail Market Share Analysis, By Region
8.3 Global IoT in Retail Market Size and Forecast, By Region
9 North America IoT in Retail Market Analysis and Forecast (2017 – 2030)
9.1 Introduction
9.2 North America IoT in Retail Market Share Analysis, By Platform
9.3 North America IoT in Retail Market Size and Forecast, By Technology
9.4 North America IoT in Retail Market Size and Forecast, By Application
9.5 North America IoT in Retail Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe IoT in Retail Market Analysis and Forecast (2017 – 2030)
10.1 Introduction
10.2 Europe IoT in Retail Market Share Analysis, By Platform
10.3 Europe IoT in Retail Market Size and Forecast, By Technology
10.4 Europe IoT in Retail Market Size and Forecast, By Application
10.5 Europe IoT in Retail Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific IoT in Retail Market Analysis and Forecast (2017 – 2030)
11.1 Introduction
11.2 Asia Pacific IoT in Retail Market Share Analysis, By Platform
11.3 Asia Pacific IoT in Retail Market Size and Forecast, By Technology
11.4 Asia Pacific IoT in Retail Market Size and Forecast, By Application
11.5 Asia Pacific IoT in Retail Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America IoT in Retail Market Analysis and Forecast (2017 – 2030)
12.1 Introduction
12.2 Latin America IoT in Retail Market Share Analysis, By Platform
12.3 Latin America IoT in Retail Market Size and Forecast, By Technology
12.4 Latin America IoT in Retail Market Size and Forecast, By Application
12.5 Latin America IoT in Retail Market Size and Forecast, Country
13 Middle East IoT in Retail Market Analysis and Forecast (2017 – 2030)
13.1 Introduction
13.2 Middle East IoT in Retail Market Share Analysis, By Platform
13.3 Middle East IoT in Retail Market Size and Forecast, By Technology
13.4 Middle East IoT in Retail Market Size and Forecast, By Application
13.5 Middle East IoT in Retail Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Software AG
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 SAP
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Amazon Web Services
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Sierra Wireless
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Huawei PTC
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Microsoft Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Intel
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 IBM
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Cisco Systems
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
