The Connected Retail Global Market Report 2023, provides comprehensive information on the connected retail market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Connected Retail Market’s Growth:
https://www.thebusinessresearchcompany.com/report/connected-retail-global-market-report
In accordance with the insights provided by The Business Research Company’s illuminating Connected Retail Global Market Report for 2023, the anticipated trajectory of the global connected retail market exhibits a noteworthy expansion. Forecasts project a commendable surge, propelling the market size from $30.05 billion in 2022 to a formidable $36.41 billion in 2023, boasting a remarkable compound annual growth rate (CAGR) of 21.2%. However, the specter of the Russia-Ukraine conflict casts a shadow over the global economic recovery from the lingering impacts of the COVID-19 pandemic. This geopolitical turmoil has triggered far-reaching consequences, including economic sanctions, heightened commodity prices, and disruptions within the intricate web of supply chains. The resultant ripple effect manifests in pervasive inflation across diverse sectors, significantly influencing global markets.
Navigating through the intricacies of this challenging landscape, the connected retail market is poised to exhibit resilience and adaptability. Despite the short-term setbacks induced by geopolitical tensions, the market is projected to regain its upward trajectory, reaching a formidable $74.38 billion by 2027, driven by a sustained CAGR of 19.6%. This resilient growth trajectory underscores the sector’s capacity to weather external challenges and emerge stronger, providing stakeholders with valuable insights into the evolving dynamics of the global retail landscape. As the connected retail ecosystem continues to evolve, stakeholders must remain vigilant, adopting agile strategies to navigate the dynamic interplay of geopolitical and economic forces, ensuring sustained growth in an ever-changing environment.
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The contemporary landscape of the connected retail market is unmistakably marked by the pervasive influence of technological advancements. Notably, prominent entities within this dynamic sector are strategically embracing cutting-edge technologies to fortify their market standing. A case in point is Instacart, a leading US-based grocery technology company, which, in a groundbreaking move in September 2022, unveiled its connected stores initiative. This visionary suite comprises a synergistic blend of novel and existing technologies, meticulously crafted to empower retailers in crafting a bespoke and seamless customer experience, transcending both online and in-store domains. Through adept integration of their application or website with the physical retail realm, grocers can now usher in a unified and personalized shopping encounter, elevating the retail landscape to unprecedented levels of sophistication.
The connected retail market is segmented:
1) By Component: Hardware, Software, Services
2) By Technology: ZigBee, NFC(Near Field Communication), Bluetooth Low Energy, Wi-Fi, Other Technologies
3) By Application: Electronics And Appliances, Home And Personal Care, Food And Beverage, Apparel, Sporting Goods And Toys, Other Applications
Top Major Players
Zebra Technologies Corporation
SAP AG
North America was the largest region in the connected retail market in 2022.
The table of contents in TBRC’s connected retail market report includes:
1. Executive Summary
2. Connected Retail Market Characteristics
3. Connected Retail Market Trends And Strategies
4. Connected Retail Market – Macro Economic Scenario
5. Connected Retail Market Size And Growth
…….
26. Africa Connected Retail Market
27. Connected Retail Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Connected Retail Market
29. Connected Retail Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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