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At 19.5% CAGR, Connected Retail Solutions Market Potentially Worth USD 65.3 Bn by 2023 : Radiant Insights, Inc.

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At 19.5% CAGR, Connected Retail Solutions Market Potentially Worth USD 65.3 Bn by 2023 : Radiant Insights, Inc.

September 18
17:44 2019
At 19.5% CAGR, Connected Retail Solutions Market Potentially Worth USD 65.3 Bn by 2023 : Radiant Insights, Inc.

“Radiant Insights,Inc”
Radiant Insights, Inc has announced the addition of the “Global Connected Retail Solutions Market 2023” report to their offering.

The global Connected Retail Solutions Market is predicted to expand at a CAGR of 19.5% and will be valued at USD 65.3 Bn by 2023. Technological disruptions like the Internet of Things (IoT), and the introduction of artificial intelligence and machine learning are the key drivers of the connected retail solutions market. Also, customers these days demand more focused and convenient shopping experiences when they walk into stores or browse online shopping portals. At the same time, retailers are trying to address customers’ needs by providing more personalized services. To achieve this, they are deploying connected retail solutions to have a clearer view of the supply chain, so that they can undertake data-driven customer relationship management, and for real-time business analysis.

Segmentation based on applications

The applications of connected retail solutions are supply chain management (SCM), customer relationship management (CRM), business analysis/business intelligence (BA/BI), and others. The ‘others’ sub-segment includes human resource management, and other enterprise resource planning (ERP) applications. SCM-based connected retail solutions are predicted to have the highest CAGR (32.1%), and will generate a value of USD 22.7 Bn by 2023. With the continuous shift from ‘on-shelf availability’ to ‘on-demand availability,’ retailers are under enormous pressure to deliver products according to customers’ choice of time and place. Retailers are constantly in pursuit of solutions which will help them tackle the challenges faced at different levels of the supply chain, implying that the market is poised for growth during the forecast period.

Regional insights

North America is anticipated to be the leading region in the global connected retail solutions market, with a share of 46.8%. This is mainly due to Internet penetration in the region, which is a key determining factor for the growth of the connected retail solutions market. Internet penetration in this region is the highest in comparison to the other regions of the world, with Canada in the lead with 93%, followed by the U.S. (87%).

Access Sample Report of this report @ https://www.radiantinsights.com/research/global-connected-retail-solutions-market-2018-2023/request-sample

The Asia-Pacific region will witness the highest CAGR of 25.2% during the forecast period of 2018-2023. China and the ASEAN countries are the key countries contributing to the revenue of the connected retail solutions market in the Asia-Pacific region. Retailers in the region are making in-store experiences more personal and satisfying by putting artificial intelligence to work.

  • Companies covered
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Google
  • Amazon
  • SAP SE
  • Fujitsu Limited
  • Softweb Solutions, Inc. 
  • Intel Corporation
  • Honeywell International, Inc.

Table of Contents
Chapter 1. Executive summary

1.1. Market scope and segmentation

1.2. Key questions answered

1.3. Executive summary

Access Full Report With TOC @ https://www.radiantinsights.com/research/global-connected-retail-solutions-market-2018-2023

Chapter 2. Global connected retail solutions market – overview

2.1. Global market overview – historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis

2.2. Global market drivers

2.3. Global market trends

2.4. Global market challenges

 

Chapter 3. Global connected retail solutions market based on

3.1. Supply chain management (SCM) – historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

3.2. Customer relationship management (CRM) – historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

3.3. Business analysis/ business intelligence – historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

3.4. Others – historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

 Browse report of similar category available with Radiant Insights, Inc.:

  • Real-time Location System Market –

https://www.radiantinsights.com/research/2013-2028-report-on-global-real-time-location-system-market

  • Online Clothing Rental Market –

https://www.radiantinsights.com/research/global-online-clothing-rental-market-2018-2023

About Radiant Insight

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

Media Contact
Company Name: Radiant Insights, Inc.
Contact Person: Michelle Thoras, Corporate Sales Specialist – USA
Email: Send Email
Phone: (415) 349-0054, Toll Free: 1-888-928-9744
Address:201 Spear Street 1100, Suite 3036
City: San Francisco
State: CA
Country: United States
Website: www.radiantinsights.com/research/global-connected-retail-solutions-market-2018-2023