Press release
Exploring the Global Connected Retail Market: A Comprehensive Overview
Connected Retail Market
The connected retail market size is expected to see rapid growth in the next few years. It will grow to $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. Major trends in the forecast period include internet of things (iot) integration, mobile commerce and payments, data analytics and artificial intelligence (ai), smart shelves and rfid technology, subscription-based models.
Market Overview -
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.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10236&type=smp
Rising Demand From The Food And Beverage Industry Fuels 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. For instance, in 2023, according to the Food & Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, the exports of food and drink increased by 31% in 2022 compared to 2021. Additionally, the food and beverages industry have a turnover of $3.52 billion (£10.3 billion) in 2022, accounting for 33% of total Scottish manufacturing. Therefore, the increasing demand from end users such as the food and beverage industry is driving the growth of the connected retail market.
Competitive Landscape -
Major companies operating in the connected retail market report are Microsoft Corporation, Zebra Technologies Corporation, Intel Corporation, PTC Inc., SAP SE, Cisco Systems Inc., International Business Machines Corporation, Google LLC, NXP Semiconductors N.V., Softweb Solutions Inc., Honeywell International Inc., Sonata Software Limited, iVend Retail, Avanade Inc., Fujitsu Limited, Verizon Enterprise Solutions, Amazon Inc., ARM Holdings PLC., Atmel Corporation, Belatrix Software Private Limited, Samsung Electronics Co. Ltd., Toshiba Corporation, Siemens AG, Wipro Limited,Capgemini SE, Infosys Limited, NEC Corporation, Tata Consultancy Services Limited, DXC Technology Company
Advanced Technology Enriches Connected Retail Market Experience
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. For instance, in September 2022, Instacart, a US-based grocery technology company, launched connected stores, a suite of new and existing technologies that aim to help retailers create a personalized experience both online and in-store. This new offering allows grocers to create a unified, personalized experience for customers by seamlessly integrating their app or website with the physical, in-store experience.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/connected-retail-global-market-report
Key Segments -
The connected retail market covered in this report 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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exploring the Global Connected Retail Market: A Comprehensive Overview here
News-ID: 3477212 • Views: …
More Releases from The Business research company
Unveiling Growth Strategies and Competitive Landscape: Navigating the Dynamics o …
The medical coatings market size has grown exponentially in recent years. It will grow from $8.65 billion in 2023 to $10.5 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to infection prevention, biocompatibility, advanced drug delivery, performance enhancement, regulatory compliance:.
The medical coatings market size is expected to see exponential growth in the next…
Malted Wheat Flour Market: Unveiling Opportunities in Brewing and Baking Industr …
The malted wheat flour market size has grown strongly in recent years. It will grow from $37.87 billion in 2023 to $40.08 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased health awareness, changed consumer preferences, increased consumption of bread and confectionery items, increased demand for beer and bakery-confectionery products, traditional baking.
The…
Low Intensity Sweeteners Market: Insights into Health-Conscious Consumer Prefere …
The low intensity sweeteners market size has grown strongly in recent years. It will grow from $2.02 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased health consciousness and demand for low-calorie alternatives, growth in diabetic population and need for sugar substitutes, regulatory support for reduced sugar…
Liquid Feed Market Explores Growth Drivers in Livestock Nutrition Industry with …
The liquid feed market size has grown steadily in recent years. It will grow from $3.86 billion in 2023 to $3.99 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to increased demand for high-quality livestock and poultry products, convenience and ease of use in animal nutrition, rise in concerns for animal health and…
More Releases for Connected
Connected Sensors segment to dominate the United States Connected Drug Delivery …
Increase in awareness regarding the non-compliance of drug therapy is expected to drive the demand for United States connected drug delivery devices market for the forecast period.
According to TechSci Research report, “United States Connected Drug Delivery Devices Market By Product Type (Connected Sensors v/s Integrated Connected Devices) By Technology (Bluetooth, Near Field Communication, Others) By Application (Asthma & COPD, Diabetes, Others) By End User (Healthcare Providers v/s Homecare) By Region,…
Connected Aircraft
Connected Aircraft Market 2020-2027 research report is an in-depth analysis of the latest trends, market size, status, upcoming technologies, industry drivers, challenges opportunity with key company profiles, and strategies of players. The Connected Aircraft Market report also provides the market impact and new opportunities created due to the COVID19 catastrophe.
Get the Free Access to the Sample Report of Connected Aircraft market is available at https://inforgrowth.com/sample-request/6327290/connected-aircraft-market
Connected Aircraft Market report 2020-2027, discusses…
Connected Car Software Market 2020-2027 Huge Demands Worldwide By IBM IoT Connec …
The Research Insights has newly formulated a new report titled "Global Connected Car Software Market" for the forecast period of 2020. It also delivers an in-depth view, which provides an overview of the business players entering this competitive landscape. It also depicts a solid foundation for the readers who are looking forward to expanding their holding over the competitive landscape.
Connected car software provides assistance with configuring, managing, and monitoring internet…
Connected Car Market is expected to be benefitted as connected car
Today, connected car is the big buzz word in the automotive and car industry. A connected car is equipped with Internet connectivity to share information between devices within the vehicle or to share information with devices outside the car such as in other cars, office, home, or other physical spaces.
Connected cars receive information pertaining to traffic, collisions, and other safety alerts in a timely manner. Connected car features can…
Connected Cities
Globalisation of very high capacity networks
The aim of this study is to obtain a detailed snapshot of superfast connectivity with a download rate superior or equal to 100 Mbps in big cities around the world and to draw out the top 10 selection.
This comparison between cities is based on qualitative criteria such as quality of service, affordability compared to local standard of living and on quantitative criteria such as coverage…
Connected World - Connected Car
According to ABI research, the number of global users of telematics smartphone applications is set to explode in the next five years from 3.2 million to 129 million users. It is vital that automotive manufacturers keep up-to-date with developments in this field if they are to remain competitive in this fast-paced market. Because their customers won’t wait.
At IQPC’s 4th International Conference Connected Vehicles from 12-14 April in Berlin, experts…
