The report "Internet of Things (IoT) in Retail Market by Component (Hardware and Software), Hardware (Gateways, RFID, Sensors), Service (Remote device management, Managed service, and Professional service), Technology, Region - Global Forecast to 2020", The global IoT in retail market is expected to grow from USD 14,280.0 Million in 2015 to USD 35,640.0 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 20.0%.
[172 Pages Report] The IoT in retail market size is estimated to grow from USD 14.28 Billion in 2015 to USD 35.64 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 20.07%.
The IoT in Retail ecosystem comprises of security solution vendors such as IBM, Intel Corporation, Zebra Technologies, SAP, Google, Microsoft, Freescale, PTC, ARM, and Cisco.
Stakeholders:
• Semiconductor companies
• Embedded systems companies
• Application developers and aggregators
• Managed service and middleware companies
• Wireless network operators and service providers
• Data management and predictive analysis companies
• Sensor, presence, location, and detection solution providers
• Internet identity management, privacy, and security companies
• M2M, IoT, and general telecommunications companies
• Wireless infrastructure providers
Scope of the Report
The research report segments the IoT in Retail market to following submarkets:
By Components:
• Hardware
• Software
By Hardware:
• Gateway
• RFID
• Sensors
By Service:
• Remote Device Management
• Professional Services
• Managed Service
By Technologies:
• ZigBee
• Bluetooth Low Energy (BLE)
• NFC
• Wi-Fi
IoT in Retail Market By Functional Areas:
• Advertising and Marketing
• Digital Signage
• Energy Optimization
• Intelligent Payment Solution
• Real Time/ Streaming Analytics
• Resource Management
• Safety and Security
• Smart Shelf and smart doors
• Smart Vending machines
• Supply Chain Management
By Region:
• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
• Product matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
• Further breakdown of the North America IoT in Retail market
• Further breakdown of the Europe market
• Further breakdown of the APAC market
• Further breakdown of the MEA market
• Further breakdown of the Latin America market
Company Information
• Detailed analysis and profiling of additional market players
Internet of Things (IoT) has significantly increased the comfort and efficiency of daily life through smart homes, smart transportation, smart grids, and smart cities. The concept is gradually gaining momentum in the retail sector as it helps retailers in increasing operational efficiency and optimizing customer experiences. The connectivity between devices enables retailers to streamline their inventory management and supply chain management, aids in real-time advertising, marketing and analytics-based decisions. It also helps customers by facilitating payment procedures and reducing the time taken for the same, enabling a comparative cost analysis, and making shopping easier. Despite the widespread acceptance of IoT, retailers still view it with a certain degree of skepticism. However, IoT in Retail market has immense growth potential.
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The Internet of Things (IoT) in retail has helped retailers in attaining enhanced customer experience and increased revenue. IoT in retail is majorly used to manage inventory, track theft and loss, mobile payments, shopper intelligence, and advertising and marketing inventory. The demand for this market is driven by internet ubiquity worldwide and the declining cost of IoT components such as sensors and RFID. Cloud platform is another factor which considered as an important driver to the IoT market. The software market in IoT in retail is expected to flourish in the coming years owing to the increasing usage of mobile applications. Niche players such as ThingWorx and Carriots are developing software platforms and many others have emerged and are expected to evolve in the coming time.
The emerging IoT technology has raised a concern regarding safety and security. Smart devices as well as hardware components and software applications in IoT are vulnerable to various cyber threats. Apart from security, interoperability of the devices and common standards for IoT solutions are again apprehensions in the adoption of this market. In 2015, North America is expected to be the top contributor in the IoT in retail market due to the increasing usage of smart phones and high internet penetration. However, APAC is expected to show tremendous growth owing to the economic stability and increasing usage of smart smartphones in the developing countries of this region.
The global IoT in retail market report has been segmented on the basis of components, hardware, services, connectivity technologies, and functional areas. The IoT in retail components include hardware and software; the hardware component has been segmented into Gateway, RFID, and sensor. The market has been segmented into services such as remote device management, professional services, and managed services. In addition, the report classifies the connectivity technologies as NFC, Bluetooth Low Energy (BLE), ZigBee, and Wi-Fi. The functional areas covered in the report are advertising and marketing, digital signage, energy optimization, intelligent payment solution, real-time/ streaming analytics, resource management, safety and security, smart shelf and smart doors, smart vending machines, and supply chain management. The regions covered in the report are North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

Browse 71 market data tables and 62 figures spread through 172 pages and in-depth TOC on “Internet of Things (IoT) in Retail Market by Component (Hardware and Software), Hardware (Gateways, RFID, Sensors), Service (Remote device management, Managed service, and Professional service), Technology, Region - Global Forecast to 2020"
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