Retail Analytics Market Size To Hit USD 7 Billion at a 17%

New York, US, March 08, 2023 (GLOBE NEWSWIRE) -- Market Analysis

According to a comprehensive research report by Market Research Future (MRFR), ' Retail Analytics Market: By Component, By Organization, By Application - Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2022 to 2030 at a healthy CAGR of approximately 17% to attain a valuation of around USD 7 Billion by the end of 2030.

Key Players

Eminent industry players profiled in the global retail analytics market report include Microsoft Corporation (U.S.), IBM Corporation (U.S.), Salesforce.com, Inc. (U.S.), SAP SE (Germany), HCL Technologies Limited (India), SAS Institute, Inc. (U.S.), Qlik (U.S.), Manthan Software Services Pvt. Ltd. (India), BRIDGEi2i Analytics Solutions (India), MicroStrategy Incorporated (U.S.), Teradata (U.S.), Amazon Web Services (U.S.), Fujitsu (Japan), Oracle Corporation (U.S.), Domo, Inc. (U.S.), and Tableau Software, Inc. (U.S.)., among others.

The retail analytics market is fragmented and competitive as a result of the presence of numerous national and international industry players. These players have used a range of innovative strategies, including agreements, partnerships, joint ventures, collaborations, the launch of new products, geographic expansions, and more, in order to accommodate the growing client need while still being on the cutting edge. They also support numerous research and development initiatives.

Get Free Sample PDF Brochure:
https://www.marketresearchfuture.com/sample_request/3075

Retail Analytics Market Report Scope

Report MetricsDetails
Retail Analytics Market Size by 2030USD 7 Billion
Retail Analytics Market CAGR17%
Base Year2021
Forecast 2022-2030
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market DriversDigitalizing to enhance customer experience and retail operations

Drivers

Rising Adoption of ML and AI to Boost Market Growth

A crucial component in digitalization of retail establishments is artificial intelligence (AI). By personalizing the shopping experience, it aids the company in developing compelling customer interactions. Additionally, cutting-edge technologies like AI & machine learning help businesses in the retail sector create successful business plans by identifying the most recent trends in customer purchasing patterns. Growing use of AI by businesses in operations is predicted to fuel market expansion over the forecast period.

Opportunities

Trend of Ominichannel Retailing to offer Robust Opportunities

One of the most important trends within the retail sector is the expanding omnichannel retailing trend. As a result, companies are using online marketplaces to advertise their products rather than traditional brick-and-mortar stores. This trend has become especially apparent in the fashion industry. Many fashion retailers today provide their wares online in addition to having physical locations. By doing so, they may be able to reach a wider audience and reduce the high costs associated with maintaining a physical facility.

Browse In-depth Market Research Report (100 Pages) on Retail Analytics Market:
https://www.marketresearchfuture.com/reports/retail-analytics-market-3075

Restraints and Challenges

Legal Concerns to act as Market Restraint

The dearth of technology adoption via the unorganized retail sector, data privacy issues, legal concerns, and changing consumer demands may act as market restraints over the forecast period.

Market Segmentation

The retail analytics market is bifurcated based on component, organization size, and application.

By component, software will lead the market over the forecast period.

By organization size, large enterprises will dominate the market over the forecast period.

By application, marketing & price optimization will spearhead the market over the forecast period.

COVID-19 Analysis

The COVID-19 epidemic has had a negative impact on a number of economies worldwide. However, the technology market in the data analytics sector in fact has not been significantly impacted, and as a result, the retail analytics market is anticipated to quickly rebound following the COVID-19 pandemic. Companies were physically unable to operate with the available resources because to COVID-19 countermeasures like lockdowns and quarantines. As a result, businesses are adopting different IT services to explore new ways to access their assets, clients, resources, and necessary data remotely. As a result, more people are using retail analytics services and solutions because they work well with the company's valuable customer, client, and employee data. Some retailers used retail analytics extensively throughout the pandemic to visualize and evaluate the effects of the pandemic. The adoption of e-commerce and contactless delivery methods substantially altered consumer behavior, creating a new retail environment. Consumer preferences were primarily centered on pro-actively stocking up on healthy goods, pantry essentials, and everyday necessities. To better analyze consumer behavior and boost earnings, this led to a demand for tailored retail analytics solutions.

Buy this Premium Report Now:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=3075

Regional Analysis

North America to Head Retail Analytics Market

In 2021, it was predicted that North America would hold the biggest market share. The U.S. is amid the most significant markets since it was a pioneer in embracing new technology and because major firms heavily invest in it to stay competitive. The development of cutting-edge smart stores is receiving increased funding from a number of key companies, which is expected to stimulate market expansion in this sector. As an illustration, Amazon has begun opening Amazon Go grocery and convenience stores across the country. Growing adoption of retail analytics to improve corporate processes and rising demand for customized retail analytics solutions for predicting and comprehending customer insights are projected to fuel market expansion in the North American region.

APAC to Have Admirable Growth in Retail Analytics Market

The quickest growth rate was predicted to occur in Asia-Pacific in 2021. It has excellent chances for both the development of technology and the expansion of retail businesses. Data management is a focus in China, India, & Japan in order to support data-driven corporate choices and improve retail operations. The expansion of big firms' smart shops within this area is another factor driving the market's growth. The dominance of e-commerce companies in important Asian nations, the rise in the adoption of data-driven technology by supermarkets and hypermarkets, and the COVID-19 pandemic-related sales migration from traditional to online channels are all contributing factors to the region's rapid growth.

Ask To Expert:
https://www.marketresearchfuture.com/ask_for_schedule_call/3075

Industry Updates

February 2023- DemandLink, a forecasting & retail analytics company, has been bought by Theta Retail, a South Carolina-based organization that assists business owners in making wise and educated supply chain decisions. The acquisition will enhance Theta Retail's ability to meet the needs of its clients and is consistent with the broader plan to offer the horticultural sector best-in-class replenishment, analytics, & supply chain forecasting. Theta Retail will expand its current product line and provide a more complete supply chain solution by purchasing DemandLink.

Related Reports:

Augmented and Virtual Reality in Education Market Research Report - Forecast to 2027

IOT Middleware Market Research Report - Forecast to 2028

Augmented Analytics Market Research Report – Global Forecast till 2027

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


Retail Analytics Market Size To Hit USD 7 Billion at a 17%

TIN LIÊN QUAN

CSP Network Analytics Market Worth USD 4.52 Billion At

CSP Network Analytics Market is growing due to the increased penetration of the Internet has raised the demand for mobile apps, generating new...

Virtual Router Market Projected To Hit USD 1.4 Billion at a

Asia-Pacific is expected to be the fastest growing region in the virtual router market due to growing penetration of software defined networking (SDN) and...

Particleboard Market Expected to Grow at 5.2% CAGR Till

NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- IndexBox, a leading market research firm, has released its latest report on the global wooden particle board...

Semiconductor Assembly and Testing Services (SATS) Market

Growing Chip Demand Drives Global SATS Industry...

Magic Wall Interactive Surfaces Market Projected to Grow at

Magic Wall Interactive Surfaces Industry Growth Boost by Rising Technology Usage in Day to Day Life...

Power Transformer Market is Projected to Reach USD 34,510.0

Power Transformer Market Growth Boost by Rise In Transmission And Distribution Infrastructure Investments...

Pico Projector Market Size to Hit USD 8.9 Billion at a CAGR

Growing Use of DLP Technology to Boost Pico Projector Market Growth ...

Aerogel Market Size Worth USD 7.5 Billion by 2030 at 17%

Aerogel Market Insights and Industry Analysis by Type (Silica, Polymer, Carbon), by Form (Blanket, Panel, Particle, Monolith), by Processing (Virgin,...

THỦ THUẬT HAY

Gửi thư nhanh tới hàng trăm người cùng lúc với Mail Merge

Mail Merge là công cụ hữu ích để viết và gửi thư hay email cá nhân tới nhiều người cùng lúc. Bạn có thể dùng công cụ này để tạo phong bì hoặc nhãn có thông tin người nhận. Mail Merge nhập thông tin từ các nguồn khác

Cách sử dụng Microsoft Teams trên website mà không cần tải về

Microsoft Teams là một trong những ứng dụng cho phép bạn học và dạy học online phổ biến bậc nhất hiện nay, tuy nhiên sử dụng Microsoft Team trên website mà không cần tải ứng dụng về máy là điều không phải ai cũng biết.

Cách đăng ký GrabBike, chạy xe GrabBike trực tuyến

Đăng ký Grabbike là thủ thuật đơn giản để mọi người có thể tham gia làm đối tác với Grab. Chỉ cần sở hữu một chiếc xe máy, xuất trình thêm giấy tờ xe và bằng lái xe chính chủ là bạn đã có thể đăng ký grabbike với cách

Lịch nghỉ lễ 30/4 và 1/5 - người dân toàn quốc nghỉ gần một tuần lễ

Năm 2023, lịch nghỉ lễ 30/4 và 1/5 năm 2023 được nghỉ liên tiếp 5 ngày. Do lịch âm ngày Giỗ Tổ Hùng Vương 10/3 rơi vào ngày 29/4. Vì vậy, toàn quốc được nghỉ kéo dài gần 1 tuần lễ. Mọi người nhanh chóng lên lịch đi

Hướng dẫn cách đặt xe trên Go-Viet rất nhanh chóng và đơn giản

Ứng dụng Go-Viet đã chính thức ra mắt tại thị trường Việt Nam cách đây 3 tháng, sau thời gian hoạt động vô cùng sôi nổi tại Thành phố Hồ Chí Minh với tham vọng chiếm 35% thị phần của Grab tạo nên 1 cuộc cạnh tranh về

ĐÁNH GIÁ NHANH

Đánh giá WD My Passport SSD, thiết kế như HDD, nhỏ gọn hơn, nhanh hơn gấp 5 lần

Ổ cứng di động là một trong những giải pháp hiện được nhiều người sử dụng khi có quá nhiều dữ liệu cần phải mang bên mình, với các hãng ổ cứng di động hiện tại WD – Western Digital là một trong những nhà sản xuất ổ

Đánh giá Samsung Galaxy J5 Prime: Phiên bản thu nhỏ của Galaxy J7 Prime

Samsung Galaxy J5 Prime là smartphone tiếp theo được Samsung cho lên kệ vào cuối năm 2016. Hôm nay hãy FPTShop trải nghiệm và đánh giá Samsung Galaxy J5 Prime, một sản phẩm hứa hẹn gây bão ở thị trường Việt Nam

Đánh giá laptop Acer Aspire 3 A315 51 31X0: Có gì thú vị với giá 10 triệu

Khi mới nhìn vào chiếc laptop này đang được đóng màn hình lại, mình bị ấn tượng bởi phần mặt lưng được trang trí bằng các đường sọc ngang dọc chồng chéo lên nhau, trông không rối mắt và toát lên được nét riêng của sản