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Connected Retail Market Trends and Forecast
The future of the connected retail market looks promising with opportunities in hardware, software and services market. The global connected retail market is expected to grow with a CAGR of 18% to 20% from 2022 to 2027. The major drivers for this market are rapid growth of IoT devices, increase in the connected platforms, and rise of omnichannel retailing.
Connected Retail Market by Technology, and Component
 
Emerging Trends in the Connected Retail Market
Emerging trends, which have a direct impact on the dynamics of the industry, include expansion of IoT services, and increase in demand for RFID components.  
 
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global connected retail market report, please download the report brochure.
Connected Retail Market by Segments
Connected Retail Market by Segments
In this market, Bluetooth low energy is the largest market by technology, whereas hardware is largest segment by component. The study includes a forecast for the global connected retail market by technology, component and region, as follows:
 
Connected Retail Market by Technology [Value ($B) shipment analysis for 2016-2027]:
  • ZigBee
  • NFC
  • Bluetooth Low Energy
  • Wi-Fi
  • Others
Connected Retail Market by Component [Value ($B) shipment analysis for 2016-2027]:
  • Hardware
  • Software
  • Services
Connected Retail Market by Region [Value ($B) shipment analysis for 2016-2027]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Connected Retail Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected retail companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected retail companies profiled in this report include. 
Connected Retail Market Insights
  • Lucintel forecasts that Bluetooth low energy will remain the largest segment over the forecast period due to the surge in installation and usage of the technology and it transmits fewer data over shorter distances using much less power than Bluetooth.
  • Within this market, hardware is expected to remain the largest segment due to the increasing proliferation of connected devices at retailer and consumer levels, and stimulation by IoT including sensors and communication chips.
  • North America will remain the fastest region due to the increase in awareness about several advantages of connected solutions among retailers including cost savings, optimization of employee efficiency, and linked consumers is creating massive business prospects for market enterprises in the region.
Features of the Connected Retail Market
  • Market Size Estimates: Connected Retail market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Connected Retail market size by various segments, such as by technology, component and region in terms of value ($B)
  • Regional Analysis: Connected Retail market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by technology, component and regions for the connected retail market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Connected Retail market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the connected retail market size?
Answer: The global connected retail market is expected to reach an estimated $XX billion by 2027.
Q2. What is the growth forecast for connected retail market?
Answer: The global connected retail market is expected to grow with a CAGR of 18% to 20% from 2022 to 2027.
Q3. What are the major drivers influencing the growth of the connected retail market?
Answer: The major drivers for this market are rapid growth of IoT devices, increase in the connected platforms and rise of omnichannel retailing.
Q4. What are the major segments for connected retail market?
Answer: The future of the connected retail market looks promising with opportunities in hardware, software and services market.
Q5. What are the emerging trends in connected retail market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include expansion of IoT services, and increase in demand for RFID components.  
Q6. Who are the key connected retail companies?
Answer: Some of the key Connected Retail companies are as follows:
Q7. Which connected retail segment will be the largest in future?
Answer: Lucintel forecasts that Bluetooth low energy will remain the largest segment over the forecast period due to the surge in installation and usage of the technology and it transmits fewer data over shorter distances using much less power than Bluetooth.
Q8. In connected retail market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the fastest region due to the increase in awareness about several advantages of connected solutions among retailers including cost savings, optimization of employee efficiency, and linked consumers is creating massive business prospects for market enterprises in the region.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the connected retail market by technology (ZigBee, NFC, Bluetooth low energy, Wi-Fi, and others), component (hardware, software and services) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to connected retail market or related to connected retail companies, connected retail market share, connected retail market analysis, connected retail market size, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
 
2. Global Connected Retail Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Connected Retail Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Connected Retail Market by Technology 
3.3.1: Zigbee
3.3.2: NFC
3.3.3: Bluetooth Low Energy
3.3.4: Wi-Fi
3.3.5: Others 
3.4: Global Connected Retail Market by Component 
3.4.1: Hardware
3.4.2: Software
3.4.3: Services
 
4. Market Trends and Forecast Analysis by Region from 2016-2027
4.1: Global Connected Retail Market by Region
4.2: North American Connected Retail Market 
4.2.1: North American Connected Retail Market by Technology 
4.2.2: North American Connected Retail Market by Component 
4.3: European Connected Retail Market 
4.3.1: European Connected Retail Market by Technology 
4.3.2: European Connected Retail Market by Component 
4.4: APAC Connected Retail Market  
4.4.1: APAC Connected Retail Market by Technology 
4.4.2: APAC Connected Retail Market by Component 
4.5: ROW Connected Retail Market  
4.5.1: ROW Connected Retail Market by Technology 
4.5.2: ROW Connected Retail Market by Component 
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Connected Retail Market by Technology 
6.1.2: Growth Opportunities for the Global Connected Retail Market by Component 
6.1.3: Growth Opportunities for the Global Connected Retail Market by Region
6.2: Emerging Trends in the Global Connected Retail Market  
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Connected Retail Market  
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Connected Retail Market  
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Zebra Technologies Corporation
7.2: Softweb Solutions Inc.
7.3: SAP AG
7.4: PTC Inc.
7.5: NXP Semiconductors N.V.
7.6: Microsoft Corporation
7.7: Intel Corporation
7.8: IBM
7.9: Google Inc.
7.10: Cisco Systems Inc.
7.11: Atmel Corporation
7.12: ARM Holdings PLC 
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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