PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674122
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674122
Global Retail Digital Transformation Market is estimated to be valued at USD 211.97 Bn in 2025 and is expected to reach USD 659.75 Bn by 2032, growing at a compound annual growth rate (CAGR) of 17.6% from 2025 to 2032.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2024 | Market Size in 2025: | USD 211.97 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 17.60% | 2032 Value Projection: | USD 659.75 Bn |
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.
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.
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 (2025-2032), considering 2024 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-