Retail Digital Transformation Market, By Product Type, By Delivery Mode, By End-User, By Geography

PUBLISHED: July 3, 2024

PAGES: 170 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

Description

The Retail Digital Transformation Market is estimated to be valued at US$ 180.23 Bn in 2024 and is expected to reach US$ 555.21 Bn by 2031, growing at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 180.23 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	17.40%	2031 Value Projection:	US$ 555.21 Bn

Figure. Retail Digital Transformation Market Share (%), By Region 2024

Retail Digital Transformation Market - IMG1

The retail digital transformation market has seen significant growth over the past few years owing to increasing adoption of cloud technologies, big data analytics, and digital payment solutions across retail stores. Digital transformation has helped retailers optimize inventory management, gain real-time insights into consumer behavior, enhance the customer shopping experience, and integrate their physical and online shopping channels. Technologies such as AI, IoT, and blockchain are further driving innovation in the retail sector by enabling personalized recommendations, predictive analytics, frictionless checkout, and supply chain transparency. Going forward, continued investments in emerging technologies, evolving consumer preferences, and rising omni-channel retail operations are expected to further accelerate the growth of the retail digital transformation market during the forecast period.

Market Dynamics:

The retail digital transformation market is driven by factors such as growing need for enhanced customer experience, focus on supply chain optimization, and expansion of online and m-commerce channels. However, high upfront costs associated with digital transformations and dynamic technological changes pose a challenge for adoption. On the positive side, increasing investments by retailers to gain competitive advantage through technologies presents significant growth opportunities. Younger demographic preferences for digital and mobile shopping are further slated to boost market value. Additionally, emerging applications of AI, IoT, virtual/augmented reality, and blockchain hold promise to fuel innovation and open up new revenue pools going ahead.

Key features of the study:

This report provides in-depth analysis of the global retail digital transformation market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global retail digital transformation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Cerner Corporation, IBM Corporation, UnitedHealth Group, Aetna, Inc., Allscripts Healthcare Solutions, Inc., Epic Systems Corporation, McKesson Corporation, Verisk Health, ZeOmega, Inc., eClinicalWorks, Inc., NextGen Healthcare, Athenahealth Inc., Constellation Software Inc., Optum, Inc, COTIVITI, INC, Verisk Analytics, Inc

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global retail digital transformation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

By Product Type
- Healthcare Payer Solutions
- Healthcare Provider Solutions
- Services
By Delivery Mode
- Cloud Based
- On-premises
By End-user
- Payer
- Provider
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- Cerner Corporation
- IBM Corporation
- UnitedHealth Group
- Aetna, Inc.
- Allscripts Healthcare Solutions, Inc.
- Epic Systems Corporation
- McKesson Corporation
- Verisk Health
- ZeOmega, Inc.
- eClinicalWorks, Inc.
- NextGen Healthcare
- Athenahealth Inc.
- Constellation Software Inc.
- Optum, Inc
- COTIVITI, INC
- Verisk Analytics, Inc

Product Code: CMI4874

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Platform
- Market Snippet, By Product
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of the COVID-19 Pandemic

4. Global Retail Digital Transformation Market, By Platform, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Mobile Application
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Website
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Retail Digital Transformation Market, By Product, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Consumer Electronics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Media and Entertainment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Apparel
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Food and Beverage
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Furniture and Home Decor
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Beauty and Personal Care
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Other Products
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Retail Digital Transformation Market, By Region, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Platform, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Product, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Platform, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Product, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Platform, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Product, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - China
  - India
  - ASEAN
  - Australia
  - South Korea
  - Japan
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Platform, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Product, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Platform, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Product, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - GCC Countries
  - South Africa
  - Rest of the Middle East and Africa

7. Competitive Landscape

Company Profiles
- Accenture Plc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Alibaba Group Holding Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Alphabet Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Amazon.com Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Capgemini Service SAS
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Carmatec IT Solutions Pvt. Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DXC Technology Co.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- H2O.ai Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Infosys Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Intel Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- International Business Machines Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Microsoft Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
- Recent Developments/Updates
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- N-iX LTD
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Oracle Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Salesforce Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SAP SE
- Siemens AG
- Tata Consultancy Services Ltd.
- TIBCO Software Inc.
- UST Inc.