Global Internet of Things (IoT) In Retail Market Insights 2023, Analysis and Forecast to 2030, By Component, Technology, Application, Deployment
- Published Date : 2023-10-24
- Pages : 100
- Report Id : 69266
- Categories : ICT & Semiconductor
This report describes the global market size of internet of things (iot) in retail market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and it is expected to grow with a CAGR of 29% from 2023 to 2030.
The Internet of Things (IoT) is a network of real-world items that are connected to other devices and systems over the internet by means of sensors, software, and other technologies. The expansion of in-store and online operations within the retail industry is responsible for this rise. For instance, Google Cloud introduced four updated and new technologies in January 2023 to help merchants improve both their in-store shelf-checking procedures and their e-commerce websites. Additionally, the introduction of automated self-checkout in stores is enabling customers to finish their transactions quickly and simply, which is anticipated to fuel the expansion of the internet of things in retail during the course of the projection period.
Due to the COVID-19 pandemic and Russia-Ukraine war influence, the global market for internet of things (iot) in retail Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 29% during the forecast period 2023-2030. North American market for internet of things (iot) in retail Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report covers following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each region are also included such as United States, China, Japan, India, Korea, Germany, France, UK, Italy, Spain, and Brazil etc.
For competitor segment, the report includes global key players of internet of things (iot) in retail Market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Component
Hardware
Beacons
RFID tags
Sensors
Wearables
Platform
Connectivity Management
Application Management
Device Management
Services
Professional Services
Due to retailers' widespread usage of sensors and RFID tags, the hardware component category had the highest revenue share in 2022 at over 46.5%. IoT sensors' falling prices and retail stores' growing number of linked devices are likely to boost category growth. RFID tags also enable real-time inventory visibility and automated replenishment, which helps satisfy consumer requests and maintain operational consistency. Item-level merchandise tracking is enabled by increasing RFID ecosystems and price reductions, which will fuel category expansion during the projected period.
Over the forecast period, the services component category is expected to rise 31.5%. The services component category includes professional and managed services. IoT growth in retail has increased need for application and infrastructure management services. IoT product and solution suppliers also offer crucial services like repair and maintenance, training & helpdesk assistance, and installation & deployment. Retailers need customised solutions to improve productivity and efficiency, driving segment development.
By Technology
Bluetooth Low Energy
Near Field Communication
ZigBee
Others
The fastest CAGR is 31.4% for Bluetooth Low Energy (BLE) technology. The technology's low cost and power solution is why. BLE devices can run on little batteries for long periods, making them excellent for retail locations with many devices. The technology also simplifies store check-in and intelligent engagement, which should boost the segment's growth over the forecast.
NFC has 32.6% market share in 2022. Many mobile operators and device manufacturers are working to expand NFC transactions. Mobile wallets have modernised payments, boosting retail NFC use. To speed up checkout and manage the pandemic rush, supermarkets and medical stores used NFC technology.
By Application
Operations Management
Inventory Management
Supply Chain Automation
Workforce Management
Security and Safety
Customer Management
Smart Vending Machine
Smart Shelves
Queue Management
Automated Checkout
Asset Management
Asset Tracking
Predictive Management
Advertising and Marketing
Smart Digital Signage
Geomarketing
Others
Customer management will expand 33.5% throughout the projection period. Smart vending machines, smart shelves, queue management, and automated checkout are subcategories. Retailers can customise, personalise, and engage customers with customer management systems, boosting segment growth. IoT devices and sensors also collect data on consumer buying behaviour and preferences, which merchants employ to improve customer engagement techniques including segmentation, feedback, and personalisation. This should boost segment growth.
Operations management had 31.5% market share in 2022. Inventory management, supply chain automation, personnel management, and security & safety include operations management. Operations management tools and methods boost retail IoT growth by improving efficiency and effectiveness. IoT data and technology can improve supply chain, inventory, security, and customer pleasure for shops. This should boost segment growth over the forecast.
By Deployment
On-Premise
Cloud
In 2022, on-premise deployment had over 48.3% market share, and this trend is likely to continue. Retailers benefit from data security, privacy, reliability, cost savings, and personalization, driving the segment's growth. For merchants with big IoT deployments, on-premise implementation is cheaper than cloud-based. Retailers can save data fees and other cloud-based costs by processing and storing data locally, fuelling sector growth.
The fastest CAGR is 31.1% for cloud deployment. Real-time analytics of IoT data from beacons, cameras, and sensors makes this possible. This data also helps merchants detect peak shopping periods, optimise store layouts and product placements, and optimise personnel. This should boost segment growth over the forecast.
By Region
North America
APAC
Europe
South America
Middle East & Africa
In 2022, North America held the biggest market share of almost 30.4%. This is explained by the expansion of e-commerce in the area, which has helped department stores succeed in their commercial endeavours. Its expansion is also being aided by the presence of major corporations with strong R&D skills in the area, including IBM Corporation, Google LLC, Microsoft Corporation, Intel Corporation, and PTC Inc. For instance, Google Cloud, a division of Google LLC, collaborated with KORE, a major provider of IoT solutions, in December 2022 to assist businesses in developing reliable IoT solutions and reaping the rewards of IoT technology.
China is predicted to be the main country to adopt the internet of things in retail, with Asia Pacific expected to develop at a CAGR of 32.2% during the forecast period. Due to increasing investments in the retail sector, which are anticipated to boost market growth as well, India has a significant development potential. Furthermore, it is anticipated that the growing use of real-time systems and location-based services will accelerate regional market expansion. The cost of sensors is falling, and the fusion of technologies like analytics, mobility, cloud, and big data is accelerating the adoption of IoT in the area.
By Company
Arm Limited
Cisco Systems Inc.
Google LLC
IBM Corporation
Impinj, Inc.
Intel Corporation
Losant IoT
Microsoft Corporation
Other Key Players
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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TABLE OF CONTENTS
1 REPORT OVERVIEW
1.1 MARKET INTRODUCTION
1.2 KEY MARKET SEGMENTS
1.3 PLAYERS COVERED
1.4 MARKET ANALYSIS BY COMPONENT
1.4.1 Global Internet of Things (IoT) In Retail Market Size Growth Rate by Component (2018-2030)
1.5 MARKET BY TECHNOLOGY
1.5.1 Global Internet of Things (IoT) In Retail Market Share by Technology (2018-2030)
1.6 STUDY OBJECTIVES
1.7 YEARS CONSIDERED
2 GLOBAL GROWTH TRENDS
2.1 GLOBAL INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE
2.2 REGULATORY FRAMEWORK
2.3 IMPACT OF COVID-19
2.4 RUSSIA-UKRAINE CRISIS IMPLICATIONS
2.5 INDUSTRY TRENDS
2.5.1 Market Top Trends
2.5.2 Market Drivers
2.5.3 Market Restraints
2.5.4 Market Opportunities
2.5.5 Porters Five Forces Analysis
2.5.6 PESTLE Analysis
2.5.7 SWOT Analysis
2.5.8 Opportunity Orbit
2.5.9 Component Roadmap
2.5.10 Go to Market Strategy
3 ANALYSIS OF DATA BY COMPONENT, TECHNOLOGY
3.1 GLOBAL INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COMPONENT (2018-2030)
3.2 GLOBAL INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY TECHNOLOGY (2018-2030)
4 NORTH AMERICA
4.1 NORTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET (2018-2030)
4.2 NORTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COMPONENT
4.3 NORTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY TECHNOLOGY
4.4 NORTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COUNTRY
5 EUROPE
5.1 EUROPE INTERNET OF THINGS (IOT) IN RETAIL MARKET (2018-2030)
5.2 EUROPE INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COMPONENT
5.3 EUROPE INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY TECHNOLOGY
5.4 EUROPE INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COUNTRY
6 ASIA PACIFIC
6.1 ASIA PACIFIC INTERNET OF THINGS (IOT) IN RETAIL MARKET (2018-2030)
6.2 ASIA PACIFIC INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COMPONENT
6.3 ASIA PACIFIC INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY TECHNOLOGY
6.4 ASIA PACIFIC INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COUNTRY
7 SOUTH AMERICA
7.1 SOUTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET (2018-2030)
7.2 SOUTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COMPONENT
7.3 SOUTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY TECHNOLOGY
7.4 SOUTH AMERICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COUNTRY
8 MIDDLE-EAST & AFRICA
8.1 MIDDLE-EAST & AFRICA INTERNET OF THINGS (IOT) IN RETAIL MARKET (2018-2030)
8.2 MIDDLE-EAST & AFRICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COMPONENT
8.3 MIDDLE-EAST & AFRICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY TECHNOLOGY
8.4 MIDDLE-EAST AFRICA INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY COUNTRY
9 KEY PLAYERS PROFILES
9.1 Arm Limited
9.1.1 Company Details
9.1.2 Business Overview
9.1.3 Products & Services
9.1.4 Financial Overview (2018-2030)
9.1.5 Recent Development
9.2 Cisco Systems Inc.
9.2.1 Company Details
9.2.2 Business Overview
9.2.3 Products & Services
9.2.4 Financial Overview (2018-2030)
9.2.5 Recent Development
9.3 Google LLC
9.3.1 Company Details
9.3.2 Business Overview
9.3.3 Products & Services
9.3.4 Financial Overview (2018-2030)
9.3.5 Recent Development
9.4 IBM CORPORATION
9.5 Impinj, Inc.
9.6 INTEL CORPORATION
9.7 Losant IoT
9.8 Microsoft Corporation
9.9 NXP Semiconductors
9.10 PTC Inc.
10 MARKET SHARE BY KEY PLAYERS
10.1 INTERNET OF THINGS (IOT) IN RETAIL MARKET SIZE BY PLAYERS
10.1.1 Global INTERNET OF THINGS (IOT) IN RETAIL Revenue by Players (2021)
10.1.2 Global INTERNET OF THINGS (IOT) IN RETAIL Revenue Market Share by Players (2021)
10.2 MOST ADOPTED STRATEGIES
10.3 MOST ACTIVE COMPANIES
10.4 MARKET COMPETITION ANALYSIS
11 APPENDIX
11.1 RESEARCH METHODOLOGY
11.2 PRIMARY RESEARCH
11.3 SECONDARY RESEARCH
11.4 DISCLAIMER
LIST OF TABLES
Table 1. Internet of Things (IoT) In Retail Key Players Covered in 2021
Table 2. Global Internet of Things (IoT) In Retail Market Size Growth Rate by Component (2018-2030) (Million US$)
Table 3. Global Internet of Things (IoT) In Retail Market Size Growth by Technology (2018-2030) (Million US$)
Table 4. Key Trends
Table 5. Key Drivers: Impact Analysis (2018-2030)
Table 6. Key Restraints
Table 7. Global Internet of Things (IoT) In Retail Market Size by Component (2018-2030) (Million US$)
Table 8. Global Internet of Things (IoT) In Retail Market Size Share by Component (2018-2030)
Table 9. Global Internet of Things (IoT) In Retail Market Size Share by Technology (2018-2030)
Table 10. North America Internet of Things (IoT) In Retail Market Size Share by Component (2018-2030)
Table 11. North America Internet of Things (IoT) In Retail Market Size by Technology (2018-2030) (Million US$)
Table 12. North America Internet of Things (IoT) In Retail Market Size Share by Technology (2018-2030)
Table 13. North America Internet of Things (IoT) In Retail Market Size by country (2018-2030) (Million US$)
Table 14. North America Internet of Things (IoT) In Retail Market Share by country (2018-2030)
Table 15. By Country
Table 16. Europe Internet of Things (IoT) In Retail Market Size by Component (2018-2030) (Million US$)
Table 17. Europe Internet of Things (IoT) In Retail Market Share by Component (2018-2030)
Table 18. Europe Internet of Things (IoT) In Retail Market Size by Technology (2018-2030) (Million US$)
Table 19. Europe Internet of Things (IoT) In Retail Market Share by Technology (2018-2030)
Table 20. Europe Internet of Things (IoT) In Retail Market Size by country (2018-2030) (Million US$)
Table 21. Europe Internet of Things (IoT) In Retail Market share by country (2018-2030)
Table 22. Asia Pacific Internet of Things (IoT) In Retail Market Size by Component (2018-2030) (Million US$)
Table 23. Asia Pacific Internet of Things (IoT) In Retail Market Share by Component (2018-2030)
Table 24. Asia Pacific Internet of Things (IoT) In Retail Market Size by Technology (2018-2030) (Million US$)
Table 25. Asia Pacific Internet of Things (IoT) In Retail Market Share by Technology (2018-2030)
Table 26. APAC Internet of Things (IoT) In Retail Market Size by country (2018-2030) (Million US$)
Table 27. APAC Internet of Things (IoT) In Retail Market share by country (2018-2030)
Table 28. South America Internet of Things (IoT) In Retail Market Size by Component (2018-2030) (Million US$)
Table 29. South America Internet of Things (IoT) In Retail Market Share by Component (2018-2030)
Table 30. South America Internet of Things (IoT) In Retail Market Size by Technology (2018-2030) (Million US$)
Table 31. South America Internet of Things (IoT) In Retail Market Share by Technology (2018-2030)
Table 32. South America Internet of Things (IoT) In Retail Market Size by country (2018-2030) (Million US$)
Table 33. South America Internet of Things (IoT) In Retail Market share by country (2018-2030)
Table 34. The Middle-East & Africa Internet of Things (IoT) In Retail Market Size by Component (2018-2030) (Million US$)
Table 35. The Middle-East & Africa Internet of Things (IoT) In Retail Market Share by Component (2018-2030)
Table 36. The Middle-East & Africa Internet of Things (IoT) In Retail Market Size by Technology (2018-2030) (Million US$)
Table 37. The Middle-East & Africa Internet of Things (IoT) In Retail Market Share by Technology (2018-2030)
Table 38. The MEA Internet of Things (IoT) In Retail Market Size by country (2018-2030) (Million US$)
Table 39. The MEA Internet of Things (IoT) In Retail Market share by country (2018-2030)
Table 40. Arm Limited Details
Table 41. Business Overview
Table 42. Products & services
Table 43. Financial Overview (2018-2030) (Million US$)
Table 44. Recent Development
Table 45. Cisco Systems Inc. Details
Table 46. Business Overview
Table 47. Products & services
Table 48. Financial Overview (2018-2030) (Million US$)
Table 49. Recent Development
Table 50. Google LLC Company Details
Table 51. Business Overview
Table 52. Products & services
Table 53. Financial Overview (2018-2030) (Million US$)
Table 54. Recent Development
Table 55. Global Internet of Things (IoT) In Retail Revenue by Players (2021) (Million US$)
Table 56. Global Internet of Things (IoT) In Retail Market Share by Players (2021)
LIST OF FIGURES
Figure 1. Global Internet of Things (IoT) In Retail Market Share by Component in 2021 & 2028
Figure 2. Global Internet of Things (IoT) In Retail Market Share by Technology in 2021 & 2028
Figure 3. Internet of Things (IoT) In Retail Report Years Considered
Figure 4. Global Internet of Things (IoT) In Retail Market Size and Growth Rate 2018-2030 (Million US$)
Figure 5. Porter's Five Forces Analysis
Figure 6. Global Internet of Things (IoT) In Retail Market Size by Component Growth Rate 2018-2030 (Million US$)
Figure 7. Global Internet of Things (IoT) In Retail Market Size by Technology Growth Rate 2018-2030 (Million US$)
Figure 8. North America Internet of Things (IoT) In Retail Market Size 2018-2030 (Million US$)
Figure 9. Europe Internet of Things (IoT) In Retail Market Size 2018-2030 (Million US$)
Figure 10. Asia Pacific Internet of Things (IoT) In Retail Market Size 2018-2030 (Million US$)
Figure 11. South America Internet of Things (IoT) In Retail Market Size 2018-2030 (Million US$)
Figure 12. The Middle-East & Africa Internet of Things (IoT) In Retail Market Size 2018-2030 (Million US$)
Figure 1. Arm Limited Revenue in (2019-2021)
Figure 2. Revenue Growth Rate (2018-2030)
Figure 3. Revenue Growth Rate in (2018-2030)
Figure 4. Global Internet of Things (IoT) In Retail Market Share by Players in 2021
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