{"id":5165,"date":"2020-04-21T16:00:00","date_gmt":"2020-04-21T16:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2522416"},"modified":"2020-04-21T16:00:00","modified_gmt":"2020-04-21T16:00:00","slug":"internet-of-things-iot-in-retail-market-projected-to-reach-usd-35-5-billion-by-2025-with-a-remarkable-cagr-of-19-6","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/21\/internet-of-things-iot-in-retail-market-projected-to-reach-usd-35-5-billion-by-2025-with-a-remarkable-cagr-of-19-6\/","title":{"rendered":"Internet of Things (IoT) in Retail Market projected to reach USD 35.5 billion by 2025, with a remarkable CAGR of 19.6%"},"content":{"rendered":"

According to a new market research report “Internet of Things (IoT) in Retail Market<\/a> by Platform (Device Management and Application Enablement), Hardware, Service, Application (Smart Shelf, Asset Management, Customer Experience Management, and Geomarketing), and Region – Global Forecast to 2025″<\/strong> published by MarketsandMarkets, market size to grow from USD 14.5 billion in 2020 to USD 35.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period.<\/p>\n

Major factors expected to drive the growth of the IoT in retail market include rapidly declining cost of IoT-based sensors and connectivity, increasing adoption of smart payment solutions, and customer demand for a seamless shopping experience.<\/p>\n

Browse and in-depth TOC on “<\/strong>Internet of Things (IoT) in Retail Market<\/strong>” <\/strong><\/p>\n

115 – Tables<\/strong><\/p>\n

43 – Figures <\/strong><\/p>\n

157 – Pages  <\/strong><\/p>\n

Download PDF Brochure @ <\/strong>https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=43188550<\/a><\/p>\n

By offering, the services segment to account for the highest CAGR during the forecast period<\/strong><\/p>\n

The demand for IoT in retail market services is driven by the growing number of customers each year, data transfer issues, and customer experience issues. Services in IoT in retail market provide security, and expert assurance, helping the entire business to be more productive. Professional services are important in the management of the entire lifecycle of a solution until its deployment. Managed services, on the other hand assess the business network, monitor health of the infrastructure, and perform remote maintenance activities.<\/p>\n

By application, the customer experience management segment to account for the highest CAGR during the forecast period<\/strong><\/p>\n

The customer experience management segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased use of applications through IoT. The use of IoT technology enables shoppers with customized in-store visit experiences by tracking their online journey via their choice of products. By implementing micro-location technologies and advanced retail mobility solutions, retailers gain insights about the consumer’s recent online browsing history. IoT further provides smart payment and checkout systems for customers to make hassle-free transactions from anywhere and at any time.<\/p>\n

Speak to Our Expert Analyst @ <\/strong>https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=43188550<\/a><\/p>\n

Europe to hold the largest market size during the forecast period<\/strong><\/p>\n

In Europe, the number of active IoT connections in the retail sector is expected to increase over the years. As the retail sector is driving the economy, the region is adopting logical steps to make the retail sector more efficient in promoting the development of technologies for the same. The UK is the leading country in Europe in terms of online shopping penetrationEarly adoption of technology and presence of organized retail sector are the major factors driving the adoption of IoT in retail in the region.<\/p>\n

 <\/p>\n

Market Players<\/strong><\/p>\n

Major market players include Cisco (US), IBM (US), Intel (US), Microsoft (US), PTC (US), Huawei (China), Sierra Wireless (Canada), AWS (US), SAP (Germany), Software AG (Germany), Bosch.IO (Germany), Google (US), NEC Corporation (Japan), Oracle (US), AT&T (US), Vodafone (UK), Happiest Minds (India), Telit (UK), and Allerin (India).<\/p>\n

Browse Adjacent Markets @ <\/strong>Analytics Market Research<\/strong><\/a> Reports & Consulting                                  <\/strong><\/p>\n

About MarketsandMarkets™:<\/strong><\/p>\n

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.<\/p>\n

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations\/disruptions early to the market by providing them research ahead of the curve.<\/p>\n

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. <\/p>\n

Contact:<\/strong><\/p>\n

Mr. Sanjay Gupta<\/p>\n

MarketsandMarkets™ INC.<\/p>\n

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Suite 430<\/p>\n

Northbrook, IL 60062<\/p>\n

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Content Source: https:\/\/www.marketsandmarkets.com\/PressReleases\/retail-iot.asp<\/a><\/p>\n

Tags: IoT in Retail Market<\/a>, IoT in Retail Market analysis<\/a>, IOT in Retail Market applications<\/a>, IoT in Retail Market Share<\/a>, IoT in Retail Market Size<\/a>, IoT in Retail Market trends<\/a><\/p>\n

See Campaign: <\/strong>http:\/\/www.marketsandmarkets.com\/Market-Reports\/retail-iot-market-43188550.html<\/a>
Contact Information:<\/b>
Mr. Sanjay Gupta
\nMarketsandMarkets\"™\" INC.
\n630 Dundee Road
\nSuite 430
\nNorthbrook, IL 60062
\nUSA: 1-888-600-6441<\/p>\n

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\n

Contact Information:<\/h3>\n

Mr. Sanjay Gupta
\nMarketsandMarkets\u2122 INC.
\n630 Dundee Road
\nSuite 430
\nNorthbrook, IL 60062
\nUSA: 1-888-600-6441<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

According to a new market research report “Internet of Things (IoT) in Retail Market by Platform (Device Management and Application Enablement), Hardware, Service, Application (Smart Shelf, Asset Management, Customer Experience Management, and Geomarketing), and Region – Global Forecast to 2025″ published by MarketsandMarkets, market size to grow from USD 14.5 billion in 2020 to USD … Continue reading Internet of Things (IoT) in Retail Market projected to reach USD 35.5 billion by 2025, with a remarkable CAGR of 19.6%<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,4,54],"tags":[],"class_list":["post-5165","post","type-post","status-publish","format-standard","hentry","category-english","category-extended-distribution","category-research-newswire","category-wire"],"yoast_head":"\nInternet of Things (IoT) in Retail Market projected to reach USD 35.5 billion by 2025, with a remarkable CAGR of 19.6% - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/04\/21\/internet-of-things-iot-in-retail-market-projected-to-reach-usd-35-5-billion-by-2025-with-a-remarkable-cagr-of-19-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Internet of Things (IoT) in Retail Market projected to reach USD 35.5 billion by 2025, with a remarkable CAGR of 19.6% - Business\" \/>\n<meta property=\"og:description\" content=\"According to a new market research report “Internet of Things (IoT) in Retail Market by Platform (Device Management and Application Enablement), Hardware, Service, Application (Smart Shelf, Asset Management, Customer Experience Management, and Geomarketing), and Region – Global Forecast to 2025″ published by MarketsandMarkets, market size to grow from USD 14.5 billion in 2020 to USD … Continue reading Internet of Things (IoT) in Retail Market projected to reach USD 35.5 billion by 2025, with a remarkable CAGR of 19.6% Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2020\/04\/21\/internet-of-things-iot-in-retail-market-projected-to-reach-usd-35-5-billion-by-2025-with-a-remarkable-cagr-of-19-6\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-21T16:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\" \/>\n<meta name=\"author\" content=\"SamirS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SamirS\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2020\/04\/21\/internet-of-things-iot-in-retail-market-projected-to-reach-usd-35-5-billion-by-2025-with-a-remarkable-cagr-of-19-6\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2020\/04\/21\/internet-of-things-iot-in-retail-market-projected-to-reach-usd-35-5-billion-by-2025-with-a-remarkable-cagr-of-19-6\/\",\"name\":\"Internet of Things (IoT) in Retail Market projected to reach USD 35.5 billion by 2025, with a remarkable CAGR of 19.6% - 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