Oct 2, 2020 1:41 PM ET
iCrowd Newswire – Oct 2, 2020

Latest released the research study on Global Internet of Things in Retail Market, offers a detailed overview of the factors influencing the global business scope. Internet of Things in Retail Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Internet of Things in Retail Market. The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers.

Top players in Global Internet of Things in Retail Market are:

IBM (United States), SAP (Germany), Oracle (United States), Intel (United States), Cisco (United States), AT&T (United States), Microsoft (United States), PTC (United States), Huawei (China), Sierra Wireless (Canada), Google (United States), Amazon Web Services (United States), Software AG (Germany), Accenture (Ireland)

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Brief Overview on Internet of Things in Retail

The Internet of things (IoT) in the retail industry allows users to benefit from brand-related digital solutions while using physical stores. This way, retail companies can achieve collaboration between online and in-store experiences. The retail industry is seeing a rapid transformation, with IoT solutions taking the center stage in the sector. Having plenty of applications, IoT helps increase customer loyalty, boost sales, improve inventory management, and offer a personalized experience. In retail, the IoT is the technology that will drive truly connected, an RFID clothing label to a smart changing room, and omnichannel experiences. It’s the technology that connects a customer’s mobile to a store window, a sales assistant’s tablet to an e-commerce site. Moreover, IoT plays a key role in the evolutions that are happening within retail facilities, from supermarkets to chains of smaller stores in a sense of facility management and optimization, business continuity and innovation for better shopping experiences while enabling store monitors to be sure all systems are running at all time. 

Recent Development in Global Internet of Things in Retail Market:

On 12 Jan. 2018,  Mojix, a leading provider of item chain management solutions for retail, has partnered with the Auburn University RFID Lab to provide a blockchain solution based on its ViZix IoT software platform for Project Zipper, an initiative put forth and supported by the retail industry to better understand the business value of EPC as a serialized data carrier and blockchain technology for secure data exchange within retail supply chain networks. 

Market Drivers

  • Increasing Customer Demand for a Seamless Shopping Experience
  • Rapidly Declining Cost of IoT-Based Sensors and Connectivity
  • Increasing Adoption of Smart Payment Solutions Boosting the Growth of the Market

Market Trend

  • Mobile Self-Checkout Is a Growing Trend among Retailers
  • Retailers Are Actively Adopting Beacon Technologies 

Market Challenges

  • The apprehension of Retailers in Switching to New Technologies Owing to High Implementation Cost 

Market Restraints:

  • High implementation cost
  • Security Concerns Due to Vast Data Flow
  • Lack of Interoperability and Common Standards Hinder the Growth of the Market 

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. 

Strategic Points Covered in Table of Content of Global Internet of Things in Retail Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Internet of Things in Retail market

Chapter 2: Exclusive Summary – the basic information of the Global Internet of Things in Retail Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Internet of Things in Retail

Chapter 4: Presenting the Global Internet of Things in Retail Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region 2013-2020

Chapter 6: Evaluating the leading manufacturers of the Global Internet of Things in Retail market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Global Internet of Things in Retail Market is a valuable source of guidance for individuals and companies. 

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Data Sources & Methodology

The primary sources involve the industry experts from the Global Internet of Things in Retail Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weightage. 

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What benefits does AMA research study is going to provide?

  • Latest industry influencing trends and development scenario
  • Open up New Markets
  • To Seize powerful market opportunities
  • Key decision in planning and to further expand market share
  • Identify Key Business Segments, Market proposition & Gap Analysis
  • Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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