Connected Retail Market Size, Share, Revenue, Trends And Drivers For 2024-2033

The Business Research Company's Connected Retail Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LANDON, GREATER LANDON, UK, August 26, 2024 /EINPresswire.com/ -- The connected retail market has experienced robust growth in recent years, expanding from $36.41 billion in 2023 to $44.07 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to rise of e-commerce, enhanced customer experience, demand for personalization, social media influence, supply chain optimization, emergence of smart stores.

Strong Future Growth Anticipated
The connected retail market is projected to continue its strong growth, reaching $88.17 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to contactless shopping, voice commerce adoption, sustainability concerns, cross-channel integration, smart mirrors and fitting rooms.

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Growth Driver Of The Connected Retail Market
The increasing demand from end users such as the food and beverage industry is expected to boost the growth of the connected retail market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food. Connected retail helps food and beverages brands to improve customer engagement with consistent brand experience satisfying customer preferences.

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Major Players And Market Trends
Key players in the connected retail market include Microsoft Corporation, Zebra Technologies Corporation, Intel Corporation, PTC Inc., SAP SE, Cisco Systems Inc., International Business Machines Corporation.

Technological advancements are a key trend gaining popularity in the connected retail market. Major companies operating in the connected retail market are adopting new technologies to sustain their position in the market.

Segments:
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

Geographical Insights: North America Leading The Market
North America was the largest region in the connected retail market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global connected retail market during the forecast period. The regions covered in the connected retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Connected Retail Market Definition
Connected retail refers to the integration of various digital technologies and platforms to create a seamless and unified shopping experience for consumers across online and offline channels. It is used to seamlessly connect businesses with customers by using personalized marketing, fusing the analog and digital shopping experiences, enhancing the supply chain, offering a variety of payment options, and equipping staff with the resources they need to collaborate more effectively.

Connected Retail Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Connected Retail Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on connected retail market size, connected retail market drivers and trends, connected retail market major players, connected retail competitors' revenues, connected retail market positioning, and connected retail market growth across geographies. The connected retail market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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