New York, NY -- (SBWIRE) -- 07/11/2019 -- Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 117-page research report "Connected Retail Solutions Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2018 - 2023" is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2018, and forecasts from 2018 to 2023.
Global Connected Retail Solutions Market:
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.
The major players covered in this report are:
Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Google, Amazon, SAP SE, Fujitsu Limited, Softweb Solutions, Inc. , Intel Corporation, Honeywell International, Inc.
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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.
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%).
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.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Connected Retail Solutions industry for the forecast period 2018-2023?
- What are the major driving forces expected to impact the development of the Connected Retail Solutions market across different regions?
- Who are the major driving forces expected to decide the fate of the industry worldwide?
- Who are the prominent market players making a mark in the Connected Retail Solutions market with their winning strategies?
- Which industry trends are likely to shape the future of the industry during the forecast period 2018-2023?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Connected Retail Solutions market?
o Understand the demand for global Connected Retail Solutions to determine the viability of the market.
o Identify the developed and emerging markets where Connected Retail Solutions services are offered.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market.
Key elements from table of content:
Chapter 9: Company Profiles
9.1. Cisco Systems, Inc.
9.1.a. Company snapshot
9.1.b. Product offerings
9.1.c. Growth strategies
9.1.e. Geographical presence
9.1.f. Key numbers
Note: Similar information areas will be covered for the remaining competitors
9.2. Microsoft Corporation
9.3. IBM Corporation
9.6. SAP SE
9.7. Fujitsu Limited
9.8. Softweb Solutions, Inc.
9.9. Intel Corporation
9.10. Honeywell International, Inc.
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