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Retail Analytics Market by Type (Software and Services), Application (Merchandising, Marketing, Supply Chain, Store Operations, Strategy & Planning, and Others), Solutions (In-Store Transformation, Omnichannel Retail Transformation, Insights & Marketing Automation, Security & Infrastructure transformation, and Others), and Region, Global Forecast 2018 to 2025
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Adroit Market Research Increase In Developments In Technologies Such As AI And ML And Growing Demand For Customized Buying Process Are Fueling The Retail Analytics Market Growth • Increasing internet penetration is the major factor driving the demand for retail analytics market • The global retail analytics market size is expected to surpass USD 16 billion by 2025, at a CAGR of ~22%. The retail industry has always been an essential factor in the world’s economy and with the increasing globalization, it is becoming one of the strong pillars for any economy. With the changing customer preferences, demands, and unsettled market conditions the retail industry is becoming more complex every day. Additionally, growing competition and various government regulations are restricting the growth of retailers. However, by adopting retail analytics solutions, retailers can analyze extensive patterns and observe the increasing demand for products among customers. Hence, such factors are creating a demand for retail analytics solutions among global retailers. • The existing and future retail analytics market developments are defined to determine the attractiveness of the market. Key impacting factors highlight the retail analytics market opportunities throughout the forecast period. Factors such as the increase in internet penetration in developing countries such as India, China, and others are the major factor driving market growth. Moreover, developments in technologies such as AI, machine learning, and AR &VR are also fuelling the demand for retail analytics market growth. However, due to legacy retail systems, the initial setup costs rise which is anticipated to hamper the market growth. Also, the lack of a is impeding the overall market growth. Furthermore, the advent of cloud-based +1 (214)skilled 884-6068workforce sales@adroitmarketresearch.com www.adroitmarketresearch.com analytics is anticipated to provide major growth opportunities for the market in the forthcoming
Adroit Market Research Increase In Developments In Technologies Such As AI And ML And Growing Demand For Customized Buying Process Are Fueling The Retail Analytics Market Growth • The report also highlights numerous aspects of the global retail analytics industry by evaluating the market through value chain analysis. Besides, the report covers numerous qualitative aspects of the retail analytics industry in market drivers, restraints, and key industry opportunities. Furthermore, the report offers a complete assessment of the market rivalry along with company profiling of local as well as global vendors. • The retail analytics market has strong competition among the well-established as well as new emerging players. Also, the retail analytics industry players are targeting prospective markets to capture a competitive advantage over the other industry players by forming agreements, mergers & acquisitions, acquiring new startups & other companies, forming collaboration and partnerships, and expanding their business presence. • Based on the type segment, the market is bifurcated into two sub-segments that are software and services. In 2019, the software segment gathered the highest market revenue and it is anticipated to govern the retail analytics market throughout the forecast period. The growth of this segment is mainly attributed to increasing demand for analytics software among retailers to make better business decisions and efficiently manage store and supply chain operations. On the contrary, the services segment is projected to gather the highest CAGR during the forecast period. • The major players of the global retail analytics market are Fujitsu, SAS, Microsoft, Oracle, SAP, Teradata, IBM, RetailNext, and Altair Engineering. Moreover, the other potential +1 (214) 884-6068 Microstrategy, sales@adroitmarketresearch.com www.adroitmarketresearch.com players in the retail analytics market are QBurst, FLIR Systems, BRIDGEi2i, Qlik Technologies,
Adroit Market Research Segment Overview of Global Retail Analytics Market Type Overview, 2018-2025 (USD Billion) • Software • Services Application Overview, 2018-2025 (USD Billion) • Merchandising • Marketing • Supply Chain • Store Operations • Strategy and Planning • Others
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Adroit Market Research Segment Overview of Global Retail Analytics Market Solutions Overview, 2018-2025 (USD Billion) • In-Store transformation • Omnichannel retail transformation • Insights & marketing automation • Security & Infrastructure transformation • Others
Regional Overview, 2018-2025 (USD Billion) • North America • Europe • Asia Pacific • Middle East and Africa • South America
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.
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