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IoT in Retail Market Size, Trends, Global Opportunities, Share Analysis 2027 | Valuates Reports
IoT in Retail refers to the use of a range of Internet of Things technologies and management methods in the retail industry. IoT offers retailers opportunities for the development of an ecosystem that connects the physical and digital world. The retail industry has witnessed wide utilization of connected products by adopting an integrated platform.
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The declining cost of sensors worldwide helps businesses to deploy them in even smaller web-based solutions and, in turn, increases the IoT in retail market size. In enhanced devices, the main function of these modules is to collect the surrounding information and forward it to management systems.
Over the forecast period, APAC is projected to have the highest growth potential in the IoT in the retail market. This rise can be attributed to ongoing smart city projects and the region's fast-declining sensor costs. China's adoption of IoT technologies is enormous, and India is showing significant growth.
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Leading Players in the IoT in Retail Market
➣Intel
➣Microsoft
➣PTC
➣IBM
➣Cisco
➣SAP
➣Zebra
➣ARM
➣NXP Semiconductors
➣Softweb Solutions
➣Carriots
IoT in Retail Market by Type
➣Beacons
➣RFID Tags
➣Sensors
➣Wearables
➣Others
IoT in Retail Market by Application
➣Physical Business
➣E-commerce
IoT in Retail Market by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA
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