Internet of Things (IoT) in Retail

PUBLISHED: June 26, 2024

PAGES: 93 Pages

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Description

Global Internet of Things (IoT) in Retail Market to Reach $123 Billion by 2030

The global market for Internet of Things (IoT) in Retail estimated at US$35.3 Billion in the year 2023, is expected to reach US$123 Billion by 2030, growing at a CAGR of 19.5% over the analysis period 2023-2030. IoT in Retail Software, one of the segments analyzed in the report, is expected to record a 20.6% CAGR and reach US$64.6 Billion by the end of the analysis period. Growth in the IoT in Retail Hardware segment is estimated at 18.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $10.9 Billion, While China is Forecast to Grow at 18.6% CAGR

The Internet of Things (IoT) in Retail market in the U.S. is estimated at US$10.9 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$20.6 Billion by the year 2030 trailing a CAGR of 18.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 16.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.

Introducing Our Exciting New Report Features for 2024

Full access to influencer engagement stats

Free access to our digital archives & "MarketGlass" research platform. Our proprietary MarketGlass platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. Our state-of-art tools bring world class market perspectives while protecting participants' privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.

Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities

Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas

Complimentary report updates for one year

Competitor coverage with global market shares of major players

Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies

Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 37 Featured) -

Accenture
Allerin
Amazon Web Services
AT&T
Bosch.Io
Cisco
Google
Happiest Minds
Huawei
IBM
Intel
Microsoft
NEC Corporation
Oracle
PTC
SAP
Sierra Wireless
Software AG
Telit
Vodafone

Product Code: MCP22092

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Internet of Things (IoT) in Retail - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 2: World 7-Year Perspective for Internet of Things (IoT) in Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
- TABLE 3: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 4: World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 6: World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 8: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 9: World Recent Past, Current & Future Analysis for Operations Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 10: World 7-Year Perspective for Operations Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 11: World Recent Past, Current & Future Analysis for Asset Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 12: World 7-Year Perspective for Asset Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 13: World Recent Past, Current & Future Analysis for Customer Experience Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 14: World 7-Year Perspective for Customer Experience Management by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 15: World Recent Past, Current & Future Analysis for Advertising & Marketing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 16: World 7-Year Perspective for Advertising & Marketing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
- TABLE 17: World Internet of Things (IoT) in Retail Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
- TABLE 18: USA Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 19: USA 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 20: USA Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 21: USA 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
CANADA
- TABLE 22: Canada Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 23: Canada 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 24: Canada Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 25: Canada 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
JAPAN
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
- TABLE 26: Japan Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 27: Japan 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 28: Japan Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 29: Japan 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
CHINA
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
- TABLE 30: China Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 31: China 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 32: China Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 33: China 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
EUROPE
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
- TABLE 34: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
- TABLE 35: Europe 7-Year Perspective for Internet of Things (IoT) in Retail by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
- TABLE 36: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 37: Europe 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 38: Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 39: Europe 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
FRANCE
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
- TABLE 40: France Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 41: France 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 42: France Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 43: France 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
GERMANY
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
- TABLE 44: Germany Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 45: Germany 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 46: Germany Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 47: Germany 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
ITALY
- TABLE 48: Italy Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 49: Italy 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 50: Italy Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 51: Italy 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
UNITED KINGDOM
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
- TABLE 52: UK Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 53: UK 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 54: UK Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 55: UK 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
REST OF EUROPE
- TABLE 56: Rest of Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 57: Rest of Europe 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 58: Rest of Europe Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 59: Rest of Europe 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
ASIA-PACIFIC
- Internet of Things (IoT) in Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
- TABLE 60: Asia-Pacific Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 61: Asia-Pacific 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 62: Asia-Pacific Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 63: Asia-Pacific 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030
REST OF WORLD
- TABLE 64: Rest of World Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Component - Software, Hardware and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 65: Rest of World 7-Year Perspective for Internet of Things (IoT) in Retail by Component - Percentage Breakdown of Value Sales for Software, Hardware and Services for the Years 2024 & 2030
- TABLE 66: Rest of World Recent Past, Current & Future Analysis for Internet of Things (IoT) in Retail by Application - Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
- TABLE 67: Rest of World 7-Year Perspective for Internet of Things (IoT) in Retail by Application - Percentage Breakdown of Value Sales for Operations Management, Asset Management, Customer Experience Management and Advertising & Marketing for the Years 2024 & 2030