Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Connected Retail Solutions Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Connected Retail Solutions Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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The Global Connected Retail Solutions Market is predicted to expand at a CAGR of 19.5% and will be valued at USD 65.3 Bn by 2023.
Segmentation based on applications
The applications of connected retail solutions market are supply chain management (SCM), customer relationship management (CRM), business analysis/business intelligence (BA/BI), and others. The others sub-segment includes human resource management, and other enterprise resource planning (ERP) applications. SCM-based connected retail solutions are predicted to have the highest CAGR (32.1%), and will generate a value of USD 22.7 Bn by 2023. With the continuous shift from on-shelf availability to on-demand availability, retailers are under enormous pressure to deliver products according to customers choice of time and place. Retailers are constantly in pursuit of solutions which will help them tackle the challenges faced at different levels of the supply chain, implying that the market is poised for growth during the forecast period.
North America is anticipated to be the leading region in the global connected retail solutions market, with a share of 46.8%. This is mainly due to Internet penetration in the region, which is a key determining factor for the growth of the connected retail solutions market. Internet penetration in this region is the highest in comparison to the other regions of the world, with Canada in the lead with 93%, followed by the U.S. (87%). The Asia-Pacific region will witness the highest CAGR of 25.2% during the forecast period of 2018-2023. China and the ASEAN countries are the key countries contributing to the revenue of the connected retail solutions market in the Asia-Pacific region. Retailers in the region are making in-store experiences more personal and satisfying by putting artificial intelligence to work.
Cisco Systems, Inc.
Softweb Solutions, Inc.
Honeywell International, Inc.
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- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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