Connected Retail
The Connected Retail Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Connected Retail Market Size and Its Estimated Growth Rate?
The Connected Retail Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Connected Retail Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the Connected Retail Market Landscape?
The connected retail market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: ZigBee, NFC (Near Field Communication), Bluetooth Low Energy, Wi-Fi, Other Technologies
3) By Application: Electronics And Appliances, Home And Personal Care, Food And Beverage, Apparel, Sporting Goods And Toys, Other Applications
Subsegments:
1) By Hardware: Point Of Sale (POS) Systems, IoT Devices, Digital Signage, Self-Service Kiosks
2) By Software: Inventory Management Systems, Customer Relationship Management (CRM) Software, Analytics And Reporting Software, Payment Processing Software
3) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Managed Services
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Which Growth Factors Are Influencing Connected Retail Market Expansion?
The growth of the connected retail market is projected to be driven by increased demand from end-user industries including food and beverages. The food and beverage sector covers all operations related to the processing, packaging, and distribution of raw food items. Connected retail aids food and beverage brands in enhancing customer interaction through a consistent brand experience that meets customer expectations. For instance, the Food & Drink Federation reported in 2023 that food and drink exports had risen by 31% in 2022 compared to 2021. Additionally, the food and beverages industry reported a $3.52 billion (£10.3 billion) revenue in 2022, which accounted for 33% of Scotland’s total manufacturing output. Consequently, the rise in demand from end-user industries like the food and beverage industry boosts the connected retail market’s growth.
Who Are the Dominant Players Across Different Connected Retail Market Segments?
Major companies operating in the connected retail market include Microsoft Corporation, Zebra Technologies Corporation, Intel Corporation, PTC Inc., SAP SE, Cisco Systems Inc., International Business Machines Corporation, Google LLC, NXP Semiconductors N.V., Softweb Solutions Inc., Honeywell International Inc., Sonata Software Limited, iVend Retail, Avanade Inc., Fujitsu Limited, Verizon Enterprise Solutions, Amazon Inc., ARM Holdings PLC., Belatrix Software Private Limited, Samsung Electronics Co. Ltd., Toshiba Corporation, Siemens AG, Wipro Limited, accenture* plc, Capgemini SE, Infosys Limited, NEC Corporation, Tata Consultancy Services Limited, DXC Technology Company
What Are the Latest Developing Trends in the Connected Retail Market?
The rise of technological advancements is a notable trend gaining traction in the connected retail market. Big players in this market are leveraging new technologies to maintain their standing. For instance, Instacart, a grocery technology company based in the U.S., rolled out connected stores in September 2022. This comprises of a mix of recent and established technologies that strive to assist retailers in crafting a personalized shopping experience both online and in physical stores. Such a novel offering empowers grocers to deliver a cohesive, bespoke experience for their customers by flawlessly fusing their digital platforms with the in-store experience.
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Which Geographic Regions Are Expected to Dominate the Connected Retail Market in the Coming Years?
North America was the largest region in the connected retail market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global connected retail market during the forecast period. The regions covered in the connected retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Connected Retail Market?
2. What is the CAGR expected in the Connected Retail Market?
3. What Are the Key Innovations Transforming the Connected Retail Industry?
4. Which Region Is Leading the Connected Retail Market?
Why This Report Matters:
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