Technology News, Search Engine

Technology News & Search Engine

Technology News and Search Engine - Computers and Software,
Internet, Personal and Enterprise Technogy News. Website Builder.
Press release distribution service
Home | Technology News Search Engine:                                     

Home: Technology News:

Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

(IT-NEWSWIRE.COM, August 06, 2022 ) According to this latest publication from Meticulous Research®, the global Internet of Things in retail market is expected to grow at a CAGR of 17.2% from 2022 to 2029, to reach $42.6 billion by 2029.

The IoT in retail market is driven by the growing customer demand for a seamless shopping experience, the increasing adoption of smart payment solutions, and the declining cost of IoT sensors and hardware. However, security concerns due to vast data flow and misconceptions and the lack of knowledge regarding IoT in retail restrain the growth of this market to some extent. However, the increasing investment in retail automation and the growing demand for IoT in retail solutions in developed and developing regions worldwide are expected to offer significant growth opportunities for players operating in this market.

To provide efficient analysis, Meticulous Research® has segmented this market by component (hardware, services, connectivity, platform), application (customer experience management, operations management, asset management), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses regional and country-level markets.

Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis):

Scope of the Report:

Internet of Things in Retail Market, by Component

• Hardware

o Sensors & Actuators

o Network Components

o Other Hardware

• Services

o Professional Services

o Managed Services

• Platforms

Internet of Things in Retail Market, by Application

• Customer Experience Management

o Smart Payment and Checkout

o Automatic Vending Machine

o Smart Shelves

• Operations Management

o Supply Chain Optimization

o Workforce Management

o Surveillance and Security

o Inventory Optimization

• Asset Management

o Asset Condition Monitoring

o Predictive Equipment Maintenance

Internet of Things in Retail Market, by Region

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

o Italy

o Spain

o Poland

o Netherland

o Rest of Europe

• Asia-Pacific

o China

o Japan

o India

o South Korea

o Australia & New Zealand

o Rest of Asia-Pacific

• Latin America

o Brazil

o Mexico

o Rest of Latin America

• Middle East & Africa


o Israel

o Rest of Middle East & Africa

To gain more insights into the market with a detailed table of content and figures, click here:

Based on component, in 2022, the hardware segment is expected to account for the largest share of the Internet of Things in retail market. Factors such as consistent engagement of the industrial sector in improving efficiency, reducing costs, and increasing Overall Equipment Effectiveness (OEE) through better access to information from real-time solutions attribute to the growth of this segment. However, the platform segment is projected to grow at the highest CAGR during the forecast period. The increasing customer demand for a seamless shopping experience and the growing need for superior monitoring technologies drive the growth of this segment.

Based on application, in 2022, the customer experience management segment is expected to account for the largest share of the Internet of Things in retail market. The large market share of this segment is attributed to the increasing need to improve customer engagement and reduce customer churn rates, better customer understanding, and the rising need for collecting all the information on a single platform. However, this segment is also projected to grow with the highest CAGR during the forecast period.

Request For Customization:

Based on geography, in 2022, Asia-Pacific is expected to account for the largest share of the Internet of Things in retail market. Prominent key players in this region are expected to contribute to the high revenue share due to the rapid economic growth in major countries such as China, Japan, India, and South Korea. Additionally, the advent of Industry 4.0, high, rising demand for retail automation, and high Internet of Things penetration are driving the demand for IoT in retail market in Asia-Pacific.

The key players operating in the Internet of Things in retail market are ABB Ltd. (Switzerland), NEC Corporation (Japan), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services, Inc. (U.S.), PTC, Inc. (U.S.), Huawei Technologies Co., Ltd (China), Allerin Tech Pvt Ltd. (India), RetailNext, Inc. (U.S.), Impinj, Inc. (U.S.), Software AG (Germany), Vodafone Group Plc (U.K.), and Sierra Wireless (Canada).

Key questions answered in the report-

• Which are the high-growth market segments in terms of the component, application, and geography?

• What is the historical market for IoT in retail across the globe?

• What are the market forecasts and estimates for the period 2022–2029?

• What are the major drivers, restraints, and opportunities in the global Internet of Things in retail market?

• Who are the major players in the global IoT in retail market, and what share of the market do they hold?

• How is the competitive landscape?

• What are the recent developments in the global Internet of Things in retail market?

• What are the different strategies adopted by the major players in the market?

• What are the geographic trends and high-growth countries?

• Who are the local emerging players in the global IoT in retail market, and how do they compete with the other players?

You can Buy Report from Here

Contact Us:

Meticulous Research®


Contact Sales- +1-646-781-8004

Connect with us on LinkedIn-

Meticulous Research®

Mr. Khushal Bombe

+91 744-7780008

Source: EmailWire.Com


Sponsored Links

EmailWire Business Directory
EmailWire Business Directory about Legal, Stocks, Investment, Markets, Stocks

Submit website to Business Directory

Listen to GroupWeb Radio

Technology News Headlines
  • Computer Security
  • Digital Music
  • Digital Video/TV
  • Enterprise
  • Linux/Open Source
  • Microsoft
  • Mobil Phones
  • Internet
  • Personal Technology
  • Portals & Search Engines
  • RSS and Blogging
  • Software
  • Technology News
  • GroupWeb Market Place
    Website Builder - Blog Builder
    Build your website in 5 minutes. One month free. No setup fee! Blog Included.

    Your text Ads here!
    Ads are only $50 per month.Please contac us and state ou want to place advertisement on

    Technology Business Video Feed

    More Technology Video Feeds
  • Computers
  • Computers & Software
  • Home Theater
  • Personal Technology
  • TechBiz
  • TechBytes
  • Technology Publications

    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Search Engine Optimization for E-commerce Sites: The Seven Most Common Pitfalls
    Website Magazine
    Business Activity Monitoring: Smart Decisions with Real-time Visibility

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net - a Technology News and Resource of GroupWeb Media LLC