PUBLISHER: TechNavio | PRODUCT CODE: 1581952
PUBLISHER: TechNavio | PRODUCT CODE: 1581952
5G Smart Retail Market 2024-2028
The 5G smart retail market is forecasted to grow by USD 25313.1 mn during 2023-2028, accelerating at a CAGR of 29.7% during the forecast period. The report on the 5G smart retail market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by efforts for faster internet access, growth in mobile payment usage, and cooperative partnerships.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 28.4% |
CAGR | 29.7% |
Incremental Value | $25313.1 mn |
Technavio's 5G smart retail market is segmented as below:
By Application
By Component
By Geographical Landscape
This study identifies the merging of augmented and virtual reality technologies as one of the prime reasons driving the 5G smart retail market growth during the next few years. Also, advancements in consumer internet of things (CIoT) and broadening of 5G redcap connectivity will lead to sizable demand in the market.
The report on the 5G smart retail market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading 5G smart retail market vendors that include AT and T Inc., Cisco Systems Inc., EMARKETER Inc, Fibocom Wireless Inc., Hitachi Energy Ltd., Huawei Technologies Co. Ltd., Intel Corp., MobileCorp, Movandi Corp., Oracle Corp., Qualcomm Inc., Reliance Jio Infocomm Ltd, Singapore Telecommunications Ltd., T Mobile US Inc., Tata Consultancy Services Ltd., Telefonaktiebolaget LM Ericsson, Telit Cinterion, Vapor IO Inc., Verizon Communications Inc., and Wipro Ltd.. Also, the 5G smart retail market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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