Global Connected Retail Market: Snapshot

The common aspiration of consumer product manufacturers is to develop products that are of esteemed quality, but invariably, there is a strong need to spread the awareness regarding exactly why their products are superior to the alternatives. Connected retail is a collection of modes via which a company can interact with their customers, which opens vast new opportunities of providing assistance, collecting payments, and delivering at door steps. On the back of radically increasing ubiquity of smartphones and deepening penetration of social media, the connected retail market is flourishing. According to this business intelligence study, the demand in the global connected retail market will multiply at an impressive CAGR of 19.80% during the forecast period of 2017 to 2025. The analysts of the report have estimated that the hardware and software pertaining to connected retail will produce opportunities worth US$82.31 bn by the end of 2025, substantially up from its evaluated worth of US$19.46 bn in 2017.

Increasing adoption of the Internet of Things (IoT) is the primary driver of the global connected retail market, promising to revolutionize the way retailers handle their inventory management and customers use end products such as washing machines, wearable devices, automotive, mobile phones and tablets, among others. As the technology is harnessed further, the costs of components such as RFID tags are expected to decline and become more affordable for larger masses. The emergence of omni channel retailing also expected to fuel the connected retail market, which on the other hand is expected to suffer negatively from a few factors such as privacy issues and lack of IoT standards.

 

connected retail market

 

Zigbee Continues to be the Leading Connectivity Segment

On the basis of connectivity, this report segments the connected retail market into Zigbee, Wi-Fi, Bluetooth, and NFC. In 2016, the Zigbee segment constituted for the maximum demand, which was a reflection of its low cost despite the ability to provide strong connectivity. With Zigbee, retails are able to improve their in-store experience for their customers as well as gain data regarding the frequency of purchases. On the basis of component, the connected retail market has been bifurcated into hardware and software. In 2016, hardware components provided for more than 60% of the total demand, dominating with rising usage of devices such as RFID, sensors, and POS systems. That being said, the demand for software components is primed to expand at a stronger CAGR during the forecast period of 2017 to 2025. The market has been further segmented based on end users into Electronics and Appliances, Beauty, Home and personal care, food and beverage, apparel footwear & accessories, home goods, sporting goods and toys and others. Electronic and appliances is anticipated to showcase the fastest growth rate during the forecast period owing to the rise in adoption of gadgets among the population.

Demand from Asia Pacific to Expand Quicker than North America

North America is currently the most lucrative region for the vendors operating in the global connected retail market, promising to provide for a demand that will be worth US$27.80 bn by 2025. While Europe is the second most profitable region and is expected to hold onto its position until 2025, the demand for connected retail from Asia Pacific is projected to expand at an above average CAGR of 23.3% during the forecast period of 2017 to 2025, which is greater than any other region. South America has also been highlighted as a profitably prospering regional market.

Some of the key companies of the global connected retail market are: Cisco Systems (San Jose, California), Verizon (New York, United States) International Business Machines Corporation (IBM) (U.S.), Amazon Web Services Inc. (Seattle, U.S.), Microsoft Corporation (Washington, U.S.), Belatrix Software (Redwood City, U.S), ARM Holdings PLC (Softbank Group) (Cambridge,U.K), Softweb Solutions Inc. (Chicago, U.S), Atmel Corporation (Microchip Technology Inc.) (California, U.S), Google Inc. (U.S.), Microsoft Corporation (U.S.), Intel Corporation (Santa Clara, U.S), SAP SE (Germany), NXP Semiconductors NV (Netherlands), Zebra Technologies Corp. (U.S), Fujitsu Limited (Tokyo, Japan), PTC Inc. (Massachusetts, U.S).

Global Connected Retail Market: Overview

The Connected Retail market report provides analysis for the period 2015–2025, where in the period from 2017 to 2025 is the forecast period and 2016 is the base year. The report covers all the major trends and key drivers playing a major role in Connected Retail market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the Connected Retail market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Bn), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).

The market overview section of the report demonstrates the market dynamics and trends that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the Connected Retail market. Moreover, the report provides an overview of the various strategies adopted by key players of Connected Retail present in the market. Product definition and introduction chapter helps in understanding different Connectivity of Connected Retail used across all the regions.

Global Connected Retail Market: Segmentations

The global Connected Retail market has been segmented on the basis of connectivity, component and end user. By different truck connectivity the global connected retail market has been segmented into Zigbee, Wi-fi, Bluetooth, NFC and others. On the basis of component the global market has been segmented into hardware and software. By end user the market has been segmented into electronics and appliances, beauty, home and personal care, food and beverage, apparel footwear and accessories, home goods, sporting goods and toys and others. Thus, the report provides in-depth cross-segment analysis of the connected Retail market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels. Moreover, report also provides in depth study of size of connected retail market. The report also highlights the competitive landscape of the Connected Retail market, thereby positioning all the major players according to their geographic presence and recent key developments. In competitive landscape report also includes in death study of top players of Connected Retail market. The comprehensive Connected Retail market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews.

Global Connected Retail Market: Regional Analysis

On the basis of country, North America market is divided into The U.S., Canada and Rest of North America. Similarly, Europe market is divided into Germany U.K., France, and Rest of Europe. Asia Pacific has been segmented into China, Japan, India and Rest of Asia Pacific. Middle East and Africa covers the G.C.C. countries, South Africa, and Rest of Middle East and Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the essential information required to understand the Connected Retail and its Connectivity. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the Connected Retail market.

Global Connected Retail Market: Competitive Landscape

Cisco Systems (San Jose, California), Verizon (New York, United States) International Business Machines Corporation (IBM) (U.S.), Amazon Web Services Inc. (Seattle, U.S.), Microsoft Corporation (Washington, U.S.), Belatrix Software (Redwood City, U.S), ARM Holdings PLC (Softbank Group) (Cambridge,U.K), Softweb Solutions Inc. (Chicago, U.S), Atmel Corporation (Microchip Technology Inc.) (California, U.S), Google Inc. (U.S.), Microsoft Corporation (U.S.), Intel Corporation (Santa Clara, U.S), SAP SE (Germany), NXP Semiconductors NV (Netherlands), Zebra Technologies Corp. (U.S), Fujitsu Limited (Tokyo, Japan), PTC Inc. (Massachusetts, U.S) among others are some of the major players operating within the global Connected Retail market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

Global Connected Retail market is segmented as follows:-

Connected Retail Market, by Connectivity

  • Zigbee
  • Wi-Fi
  • Bluetooth
  • NFC
  • Others

Connected Retail Market, by Component

  • Hardware
  • Software

Connected Retail Market, by End Use

  • Electronics and Appliance
  • Beauty
  • Home and Personal Care
  • Food and Beverage
  • Apparel, Footwear and Accessories
  • Home Goods
  • Sporting Goods and Toys
  • Others

Connected Retail Market, by Geography: The market is broadly bifurcated on the basis of geography into:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of America