Smart Retail Market: Key Drivers and Segmentation
Growth Drivers and Market Forecast for 2020-2024
Smart Retail Market is set to grow by $ 25.31 bn, and the market will progress at a CAGR of almost 15% till 2024. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.
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Smart Retail Market: Top Drivers for Growth
A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is Increasing use of smart retail. For more insights on the impact of this and all the other drivers, request for our FREE Sample Report:
Smart Retail Market: Segments and Geographical Regions
This research report provides 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 on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Smart Retail Market is segmented by Solution (Hardware and Software) and Geography (North America, Europe, APAC, South America, and MEA). Request our Free Sample Report
Smart Retail Market: Alphabet Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Oracle Corp., and SAP SE are some of the leading competitors
The market is fragmented due to the presence of several players. 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. Alphabet Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Oracle Corp., and SAP SE 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.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
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Smart Retail Market Size to Grow by $ 25.31 bn through 2020-2024
Technavio research projects the smart retail market to grow by $ 25.31 bn, accelerating at a CAGR of almost 15% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Smart Retail Market: Receive FREE Sample Report
Smart Retail Market: Key Market Driver
One of the primary factors that will trigger the growth of the smart retail market size is Increasing use of smart retail. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Smart Retail Market: Vendor Analysis
The market is fragmented due to the presence of several players. 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. Alphabet Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Oracle Corp., and SAP SE 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.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
Smart Retail Market Size to Grow by $ 25.31 bn through 2020-2024
The smart retail market is expected to grow by $ 25.31 bn, accelerating at a CAGR of almost 15% 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. View Free Sample Report
Smart Retail Market: Segmentation by Solution
This report provides a detailed analysis of the market by Solution (Hardware and Software) 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.
Smart Retail Market: 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. Alphabet Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Oracle Corp., and SAP SE 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.
Technavio has been monitoring the global smart retail market and it is expected to grow by USD 25.31 billion, accelerating at a CAGR of almost 15% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Our Free Sample Report
Smart Retail Market: Segmentation by Solution
The hardware segment dominated the global smart retail market in recent years. The revenue of this segment is likely to increase significantly due to a rise in the sales of hardware security and server storage components, which will drive the growth of the smart retail market till 2024. The year-over-year growth rate of hardware security components is expected to accelerate owing to the rapid adoption of hardware components that provide integrated security, including firewall and intrusion detection and prevention (IDP), for ensuring the security of network infrastructure.
Efficiency in operations is an essential lever for retailers to increase their profitability. Also, maintaining sufficient inventory is critical to ensuring a positive customer experience. Smart retailing solutions such as powershelfs are high in demand as they are battery-free digital interface solutions, enabling two-way communication, inventory management control, out-of-stock monitoring and alert, digital signage, and lighting and temperature monitoring of the product. Also, the implementation of next-generation technologies, such as the IoT and big data, helps retailers in increasing their efficiency by facilitating real-time problem-solving at reduced costs. Therefore, the rising need for retailers to enhance operational efficiency is expected to augment the growth of the global smart retail market during the forecast period.
Smart Retail Market: 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. Alphabet Inc., Cisco Systems Inc. and Huawei Investment & Holding Co. 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.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
