Tunisia Weekly
No Result
View All Result
  • Register
  • Login
  • About Us
  • Contact Us
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
Submit a News Release
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
No Result
View All Result
Tunisia Weekly
Submit PR
Home Press Releases

Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

Joseph Nchor by Editorial Staff
August 6, 2022
in Press Releases
Share on FacebookShare on Twitter


(EMAILWIRE.COM, August 06, 2022 ) According to this latest publication from Meticulous Research®, the global Internet of Things in retail market is expected to grow at a CAGR of 17.2% from 2022 to 2029, to reach $42.6 billion by 2029.

The IoT in retail market is driven by the growing customer demand for a seamless shopping experience, the increasing adoption of smart payment solutions, and the declining cost of IoT sensors and hardware. However, security concerns due to vast data flow and misconceptions and the lack of knowledge regarding IoT in retail restrain the growth of this market to some extent. However, the increasing investment in retail automation and the growing demand for IoT in retail solutions in developed and developing regions worldwide are expected to offer significant growth opportunities for players operating in this market.

To provide efficient analysis, Meticulous Research® has segmented this market by component (hardware, services, connectivity, platform), application (customer experience management, operations management, asset management), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses regional and country-level markets.

Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis): https://www.meticulousresearch.com/download-sample-report/cp_id=5315

Scope of the Report:

Internet of Things in Retail Market, by Component

• Hardware

o Sensors & Actuators

o Network Components

o Other Hardware

• Services

o Professional Services

o Managed Services

• Platforms

Internet of Things in Retail Market, by Application

• Customer Experience Management

o Smart Payment and Checkout

o Automatic Vending Machine

o Smart Shelves

• Operations Management

o Supply Chain Optimization

o Workforce Management

o Surveillance and Security

o Inventory Optimization

• Asset Management

o Asset Condition Monitoring

o Predictive Equipment Maintenance

Internet of Things in Retail Market, by Region

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

o Italy

o Spain

o Poland

o Netherland

o Rest of Europe

• Asia-Pacific

o China

o Japan

o India

o South Korea

o Australia & New Zealand

o Rest of Asia-Pacific

• Latin America

o Brazil

o Mexico

o Rest of Latin America

• Middle East & Africa

o UAE

o Israel

o Rest of Middle East & Africa

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/iot-in-retail-market-5315

Based on component, in 2022, the hardware segment is expected to account for the largest share of the Internet of Things in retail market. Factors such as consistent engagement of the industrial sector in improving efficiency, reducing costs, and increasing Overall Equipment Effectiveness (OEE) through better access to information from real-time solutions attribute to the growth of this segment. However, the platform segment is projected to grow at the highest CAGR during the forecast period. The increasing customer demand for a seamless shopping experience and the growing need for superior monitoring technologies drive the growth of this segment.

Based on application, in 2022, the customer experience management segment is expected to account for the largest share of the Internet of Things in retail market. The large market share of this segment is attributed to the increasing need to improve customer engagement and reduce customer churn rates, better customer understanding, and the rising need for collecting all the information on a single platform. However, this segment is also projected to grow with the highest CAGR during the forecast period.

Request For Customization: https://www.meticulousresearch.com/request-customization/cp_id=5315

Based on geography, in 2022, Asia-Pacific is expected to account for the largest share of the Internet of Things in retail market. Prominent key players in this region are expected to contribute to the high revenue share due to the rapid economic growth in major countries such as China, Japan, India, and South Korea. Additionally, the advent of Industry 4.0, high, rising demand for retail automation, and high Internet of Things penetration are driving the demand for IoT in retail market in Asia-Pacific.

The key players operating in the Internet of Things in retail market are ABB Ltd. (Switzerland), NEC Corporation (Japan), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services, Inc. (U.S.), PTC, Inc. (U.S.), Huawei Technologies Co., Ltd (China), Allerin Tech Pvt Ltd. (India), RetailNext, Inc. (U.S.), Impinj, Inc. (U.S.), Software AG (Germany), Vodafone Group Plc (U.K.), and Sierra Wireless (Canada).

Key questions answered in the report-

• Which are the high-growth market segments in terms of the component, application, and geography?

• What is the historical market for IoT in retail across the globe?

• What are the market forecasts and estimates for the period 2022–2029?

• What are the major drivers, restraints, and opportunities in the global Internet of Things in retail market?

• Who are the major players in the global IoT in retail market, and what share of the market do they hold?

• How is the competitive landscape?

• What are the recent developments in the global Internet of Things in retail market?

• What are the different strategies adopted by the major players in the market?

• What are the geographic trends and high-growth countries?

• Who are the local emerging players in the global IoT in retail market, and how do they compete with the other players?

You can Buy Report from Herehttps://www.meticulousresearch.com/Checkout/19125670

Contact Us:

Meticulous Research®

Email- sales@meticulousresearch.com

Contact Sales- +1-646-781-8004

Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research



Source link

Previous Post

Application Delivery Controller Market Witness the Growth of $3.9 billion by 2024

Next Post

UAE247.Club™ Joins Arab Newswire Media Lists for Press Release Distribution to GCC/MENA Region

RECOMMENDED NEWS

IoT based Asset Tracking and Monitoring Market worth $6.6 billion by 2027

IoT based Asset Tracking and Monitoring Market worth $6.6 billion by 2027

7 months ago

MTN Nigeria Signs up for HyperNym’s IoT Platform “HyperNET” to expand their IoT offerings in Nigeria Market

4 months ago

Insect Protein Market is Projected to Grow $3.3 billion by 2027

6 months ago

Surface and Field Analytics Market Worth USD 43.91 Billion by 2029 Artificial Intelligence (AI), Machine Learning (ML), and Cloud Computing bases GIS Solutions

3 months ago

BROWSE BY CATEGORIES

  • Africa
  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Releases
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0

About Us

Tunisia Weekly™ reports and aggregates business, socio-economic, Tech and industrial news on Tunisia,Africa and the Middle East.

We provide press release distribution to media outlets in Tunisia, other countries in the Arab World, the Middle East and Africa (MEA). Submit a press release or contact us today.

Categories

News

Business

Finance

Technology

Lifestyle

AFRICA

Middle East

Press Releases

Recent News

Recent Posts
  • Correction: BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East
  • Electrolyzers Market worth $23.6 Billion by 2028
  • Air Motor Market expected to hit USD 1.08 Bn by 2029 during the forecast period
  • Network Transformation Market expected to grow at a CAGR of 41.7 percent during the forecast period

Subscribe to Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Register
    • Login
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Africa
    • Middle East
    • Press Releases
    • About Us
      • Contact Us

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC