Digital Transformation Market In The Retail Sector Size to Grow by $ 137.05 bn through 2021-2025

The digital transformation market in the retail sector is expected to grow by $ 137.05 bn, accelerating at a CAGR of almost 17% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Digital Transformation Market In The Retail Sector: Segmentation by Technology

This report provides a detailed analysis of the market by Technology (IoT, Cloud computing, Big data, AI, and AR/VR) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Digital Transformation Market In The Retail Sector: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alibaba Cloud, Alphabet Inc., Amazon Web Services Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and Tata Consultancy Services Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.