Innovation in Big Data Analytics in Retail Market | IBM, SAP, Microsoft, Oracle, SAS, Adobe, Microstrategy, Information Builders, Tableau Software, Qlik Technologies
Houston, TX -- (SBWIRE) -- 02/26/2019 -- "Retail is one of the fastest-moving non-contractual business sectors. It is highly competitive and is an industry where innovation is constantly transforming the landscape. Small and medium-sized retailers are struggling to offer a better shopping experience and provide customer satisfaction with limited budgets. Big data can help them."
The Global Big Data Analytics in Retail Market to expand at an impressive CAGR of +22% during the forecast period of 2019 to 2025.
Big Data Analytics in Retail Market helps enterprises to identify potential customers based on their purchase history and shopping patterns Predictive analytics, descriptive analytics, and prescriptive analytics are some of the major applications of big data analytics in retail industry. Rise in demand for big data analytics for better decision-making and customer experience, and growth in demand for in-store analytics in retail drive the market growth.
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This market research report on analyzes the growth prospects for the key vendors operating in this market space including IBM, SAP, Microsoft, Oracle, SAS, Adobe, Microstrategy, Information Builders, Tableau Software, Qlik Technologies
Increasingly large-scale data analysis is emerging as the most important collective phenomenon in the industry, and analyst tools can be used by key stakeholders to transform a batch of consumer data into actionable insights. More than ever, retailers can leverage the connected workplace investments in the store to provide real-time analysis capabilities to distribution and even cashiers and other employees. Demand for advanced data analysis tools has reinforced the Big Data Analytics in Retail Market globally. The retail analysis process gathers data from multiple sources and then performs data mining to gain insight into the business decisions of retail marketing and warehousing.
Big Data Analytics in Retail Market Key Segments:
- Analytical Tools
- Data Management Software
- Mobile Applications
- Reporting & Visualization Tools
- Merchandising & In-store Analytics
- Marketing & Customer Analytics
- Supply Chain Analytics
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Highlights of the Global Big Data Analytics in Retail Market:
1.What will the market size and the growth rate be in 2025?
2.What are the key factors driving the Global Big Data Analytics in Retail Market?
3.What are the key market trends impacting the growth of the market?
4.What are the challenges to market growth?
5.Who are the key vendors in the Global Big Data Analytics in Retail Market?
6.What are the market opportunities and threats faced by the vendors in this market?
This report provides an effective business outlook, different case studies from various top-level industry experts, business owners, and policymakers have been included to get a clear vision about business methodologies to the readers. SWOT and Porter's Five model have been used for analyzing the Big Data Analytics in Retail Market on the basis of strengths, challenges and global opportunities in front of the businesses.
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