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Internet of Things (IoT) in Retail Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global internet of things (IoT) in retail market size reached US$ 41.15 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 124.18 Billion by 2027, exhibiting a growth rate (CAGR) of 18.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

The Internet of things (IoT) is a data network comprising devices that connect to the Internet and exchange data without requiring human-to-machine interaction. It finds extensive applications in the retail sector as IoT helps link the physical and digital world by allowing bidirectional real-time interaction with consumers inside and outside the store. It offers functional advantages, such as dynamic pricing, inventory tracking, monitoring, and personalized recommendations. Besides this, it also allows retailers to track customer movement and acquire insights about their shopping behavior.

Internet of Things (IoT) in Retail Market Trends:

The rising automation in the retail sector to minimize labor costs represents one of the key factors bolstering the growth of the market. Moreover, retailers are focusing on launching innovative products and services and guaranteeing security to avoid data breaches. They are also aiming at bringing a digital transformation to their conventional bricks-and-mortar outlets. As a result, retailers are nowadays adopting IoT technologies, such as digital signage, payment systems, and smart lighting and vending machines. In addition, they are utilizing radio-frequency identification (RFID) for asset tracking in stores and warehouses, sensors and cameras for monitoring product status and customer traffic, and in-store Wi-Fi to detect return customers and encourage digital interaction. Apart from this, IoT devices enhance customer experience (CX) in stores through interactive terminals, virtual or augmented reality (AR/VR) experience, smart fitting rooms, and robots that can be deployed as smart sales assistants. These benefits, coupled with the rapid expansion of the e-commerce industry, are facilitating the growth of the market. Furthermore, with the declining cost of IoT hardware, small and medium-sized retailers are increasingly investing in IoT technologies, which is positively influencing the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global internet of things (IoT) in retail market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solution, service, technology, platform and application.

Breakup by Solution:

  • Hardware
    • RFID tags
    • Beacons
    • Sensors
    • Wearables
  • Software
     

Breakup by Service:

  • Professional Services
  • Managed Services
     

Breakup by Technology:

  • Near Field Communication
  • Bluetooth Low Energy
  • ZigBee
  • Others
     

Breakup by Platform:

  • Device Management
  • Application Management
  • Connectivity Management
     

Breakup by Application:

  • Operations Management
  • Asset Management
  • Customer Experience Management
  • Advertising and Marketing
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allerin Tech Pvt Ltd, Amazon.com Inc., Bosch.IO GmbH, Cisco Systems Inc., Huawei Technologies Co. Ltd, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NEC Corporation (AT&T Corporation), Oracle Corporation, Software AG, Telit and Vodafone Group Plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Solution, Service, Technology, Platform, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Allerin Tech Pvt Ltd, Amazon.com Inc., Bosch.IO GmbH, Cisco Systems Inc., Huawei Technologies Co. Ltd, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NEC Corporation (AT&T Corporation), Oracle Corporation, Software AG, Telit and Vodafone Group Plc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global internet of things (IoT) in retail market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global internet of things (IoT) in retail market?
  • What are the key regional markets?
  • What is the breakup of the market based on the solution?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the platform?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global internet of things (IoT) in retail market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Internet of Things (IoT) in Retail Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Solution
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 RFID tags
           6.1.2.2 Beacons
           6.1.2.3 Sensors
           6.1.2.4 Wearables
        6.1.3 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Service
    7.1    Professional Services
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Managed Services
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Technology
    8.1    Near Field Communication
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Bluetooth Low Energy
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    ZigBee
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Platform
    9.1    Device Management
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Application Management
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Connectivity Management
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Application
    10.1    Operations Management
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Asset Management
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Customer Experience Management
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Advertising and Marketing
        10.4.1 Market Trends
        10.4.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Allerin Tech Pvt Ltd
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Amazon.com Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Bosch.IO GmbH
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Cisco Systems Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    Huawei Technologies Co. Ltd. 
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 SWOT Analysis
        16.3.6    Intel Corporation
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    International Business Machines Corporation
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Microsoft Corporation
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    NEC Corporation (AT&T Corporation)
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Oracle Corporation
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Software AG
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
        16.3.12    Telit
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials
        16.3.13    Vodafone Group Plc
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio
           16.3.13.3 Financials
           16.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Internet of Things in Retail Market: Major Drivers and Challenges
Figure 2: Global: Internet of Things in Retail Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Internet of Things in Retail Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Internet of Things in Retail Market: Breakup by Solution (in %), 2021
Figure 5: Global: Internet of Things in Retail Market: Breakup by Service (in %), 2021
Figure 6: Global: Internet of Things in Retail Market: Breakup by Technology (in %), 2021
Figure 7: Global: Internet of Things in Retail Market: Breakup by Platform (in %), 2021
Figure 8: Global: Internet of Things in Retail Market: Breakup by Application (in %), 2021
Figure 9: Global: Internet of Things in Retail Market: Breakup by Region (in %), 2021
Figure 10: Global: Internet of Things in Retail (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Internet of Things in Retail (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Internet of Things in Retail (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Internet of Things in Retail (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Internet of Things in Retail (Professional Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Internet of Things in Retail (Professional Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Internet of Things in Retail (Managed Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Internet of Things in Retail (Managed Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Internet of Things in Retail (Near Field Communication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Internet of Things in Retail (Near Field Communication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Internet of Things in Retail (Bluetooth Low Energy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Internet of Things in Retail (Bluetooth Low Energy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Internet of Things in Retail (ZigBee) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Internet of Things in Retail (ZigBee) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Internet of Things in Retail (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Internet of Things in Retail (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Internet of Things in Retail (Device Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Internet of Things in Retail (Device Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Internet of Things in Retail (Application Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Internet of Things in Retail (Application Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Internet of Things in Retail (Connectivity Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Internet of Things in Retail (Connectivity Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Internet of Things in Retail (Operations Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Internet of Things in Retail (Operations Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Internet of Things in Retail (Asset Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Internet of Things in Retail (Asset Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Internet of Things in Retail (Customer Experience Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Internet of Things in Retail (Customer Experience Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Internet of Things in Retail (Advertising and Marketing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Internet of Things in Retail (Advertising and Marketing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: North America: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: North America: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: United States: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: United States: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Canada: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Canada: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Asia-Pacific: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Asia-Pacific: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: China: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: China: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Japan: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Japan: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: India: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: South Korea: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: South Korea: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Australia: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Australia: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Indonesia: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Indonesia: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Europe: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Europe: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Germany: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Germany: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: France: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: France: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: United Kingdom: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: United Kingdom: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Italy: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Italy: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Spain: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Spain: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Russia: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Russia: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Latin America: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Latin America: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Brazil: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Brazil: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Mexico: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Mexico: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Middle East and Africa: Internet of Things in Retail Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Middle East and Africa: Internet of Things in Retail Market: Breakup by Country (in %), 2021
Figure 88: Middle East and Africa: Internet of Things in Retail Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Internet of Things in Retail Industry: SWOT Analysis
Figure 90: Global: Internet of Things in Retail Industry: Value Chain Analysis
Figure 91: Global: Internet of Things in Retail Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Internet of Things in Retail Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Internet of Things in Retail Market Forecast: Breakup by Solution (in Million US$), 2022-2027
Table 3: Global: Internet of Things in Retail Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 4: Global: Internet of Things in Retail Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Internet of Things in Retail Market Forecast: Breakup by Platform (in Million US$), 2022-2027
Table 6: Global: Internet of Things in Retail Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 7: Global: Internet of Things in Retail Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Internet of Things in Retail Market: Competitive Structure
Table 9: Global: Internet of Things in Retail Market: Key Players


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