Press release
Smart Retail Market is Expected to Reach US$ 118.82 Billion by 2028 - IMARC Group
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐๐๐๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐ฆ๐๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐ง๐ญ๐๐ ๐ซ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐ฏ๐๐ง๐๐๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ:
The smart retail industry is currently witnessing significant growth primarily driven by the integration of advanced technologies. Technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), and big data analytics are transforming the retail landscape. AI algorithms are enabling personalized shopping experiences and efficient inventory management. IoT devices also facilitate improved in-store customer engagement and optimized supply chain management. Additionally, big data analytics are crucial in understanding consumer behaviors and trends, leading to more targeted marketing strategies and product placements. This technological integration enhances customer experience and increases operational efficiency, driving the overall growth of the smart retail sector.
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฆ๐ง๐ข๐๐ก๐๐ง๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ:
The ongoing growth in the smart retail industry is significantly influenced by the increasing adoption of omnichannel retail strategies. Retailers are focusing on providing a seamless shopping experience across various channels, including brick-and-mortar stores, online platforms, and mobile apps. This approach caters to the evolving shopping preferences of consumers who seek convenience, flexibility, and a personalized shopping journey. By leveraging omnichannel strategies, retailers can collect valuable data across different touchpoints, enabling them to offer tailored services and products. Further a more, this approach helps in enhancing customer loyalty and retention, contributing to the growth of the smart retail market.
๐๐ข๐ฌ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ซ ๐๐ง๐ก๐๐ง๐๐๐ ๐๐ก๐จ๐ฉ๐ฉ๐ข๐ง๐ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐๐ฌ:
The expansion of the smart retail industry is also being fueled by rising consumer expectations for enhanced and innovative shopping experiences. Today's consumers demand more than just transactional exchanges; they seek engaging, interactive, and convenient shopping environments. Retailers are responding by implementing technologies like augmented reality (AR) for virtual try-ons, smart shelves for real-time product information, and interactive kiosks for easier product discovery. These innovations attract tech-savvy consumers as well as create a unique shopping environment that differentiates retailers from competitors. The focus on elevating the consumer experience is, therefore, a critical factor in propelling the growth of the smart retail sector.
๐ ๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐ฒ๐จ๐ฎ ๐๐๐ง ๐ซ๐๐๐๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/smart-retail-market/requestsample
๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฆ๐๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ :
Adroit Worldwide Media Inc.
Amazon.com Inc.
Cisco Systems Inc.
Google LLC (Alphabet Inc.)
Honeywell International Inc.
Ingenico
Intel Corporation
NCR Corporation
NVIDIA Corporation
NXP Semiconductors N.V.
PTC
Samsung Electronics Co. Ltd.
Zippin
๐๐ฆ๐๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ :
Hardware
RFID Tags and Labels
Scanner/Readers
Mobile Computers
Point of Sale (POS) Terminals
Others
Software
Retail Management Software
POS Software
Inventory Management
Others
Services
Integration and Deployment Services
Consulting Services
Support and Maintenance Services
Hardware dominates the market by offering due to the essential role of physical devices like sensors, RFID tags, and interactive kiosks in enabling smart retail solutions.
๐๐ฒ ๐๐๐ญ๐๐ข๐ฅ๐๐ซ ๐๐ข๐ณ๐:
Small and Mid-sized Retailers
Large Retailers
Based on the retailer size, the market has been bifurcated into small and mid-sized and large retailers.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Visual Marketing
Smart Label
Smart Payment System
Intelligent System
Others
Visual marketing represents the largest market segment, as innovative display technologies and digital signage play a pivotal role in attracting customers and enhancing the in-store experience.
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ:
Supermarkets
Hypermarkets
Specialty Stores
Department Stores
Others
On the basis of the end user, the market has been classified into supermarkets, hypermarkets, specialty stores, department stores, and others.
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.imarcgroup.com/request?type=report&id=8058&flag=C
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America's dominance in the smart retail market is attributed to the region's early adoption of advanced technologies and the presence of major retail chains investing heavily in smart retail solutions.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฆ๐๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The smart retail market is currently experiencing dynamic growth, characterized by trends such as the incorporation of Artificial Intelligence (AI) and Internet of Things (IoT) technologies. These innovations facilitate personalized shopping experiences and efficient inventory management. Another key trend is the escalating adoption of omnichannel strategies, aligning in-store, online, and mobile platforms to offer a seamless customer journey. Additionally, there is a heightened emphasis on data analytics for consumer behavior insights, aiding in targeted marketing and product placements. The market is also witnessing an increase in contactless transactions and augmented reality (AR) applications, enhancing customer engagement and safety in the retail environment and thus accelerating industry growth.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
http://imarcgroup.weebly.com/blog/managed-print-services-market-size-share-demand-trends-growth-and-forecast-2023-2028
http://imarcgroup.weebly.com/blog/app-analytics-market-report-2023-industry-trends-segmentation-and-forecast-analysis-till-2028
http://imarcgroup.weebly.com/blog/smart-stadium-market-report-2023-size-share-demand-and-forecast-till-2028
http://imarcgroup.weebly.com/blog/snowmobile-market-report-2023-trends-share-demand-growth-and-forecast-till-2028
http://imarcgroup.weebly.com/blog/dental-practice-management-software-market-report-2023-size-trends-share-demand-and-forecast-till-2028
http://imarcgroup.weebly.com/blog/menthol-cigarette-market-report-2023-size-share-growth-demand-and-forecast-till-2028
๐๐จ๐ญ๐: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
IMARC Group
Email:ย sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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 Smart Retail Market is Expected to Reach US$ 118.82 Billion by 2028 - IMARC Group here
News-ID: 3346686 • Views: โฆ
More Releases from imarc
Brass Plates Manufacturing Plant Setup Report 2025: Business Plan and Material C โฆ
Setting up a brass plates manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Brass Plates Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a brassโฆ
Sanitary Napkin Manufacturing Plant Cost 2025: Setup Details, Capital Investment โฆ
A sanitary napkin, also known as a menstrual pad, is a hygienic absorbent product designed to absorb menstrual flow during a woman's menstrual cycle. It is typically made from layers of absorbent materials such as cellulose, superabsorbent polymers, and a leak-proof backing. Sanitary napkins come in various sizes, thicknesses, and absorbency levels to suit different needs and preferences. They are widely used for menstrual hygiene management and play a criticalโฆ
Global Wood Pellet Market Size and Growth Forecast: Types of Biomass, Pellet Man โฆ
The global wood pellet market is experiencing significant growth, driven by the increasing demand for renewable energy sources and stringent government policies aimed at reducing carbon emissions. Valued at USD 14.0 billion in 2024, the market is projected to reach USD 22.6 billion by 2033, exhibiting a CAGR of 5.5% during the forecast period. Europe currently dominates the market, accounting for over 47.9% share in 2024, owing to its strongโฆ
E-Learning Market is Expected to Reach USD 682.3 Billion by 2033 | CAGR 8.0% Dur โฆ
Overview of the E-Learning Market:
The e-learning market has experienced remarkable growth in recent years, driven by advancements in technology, the increasing demand for flexible learning solutions, and the ongoing digital transformation in education. E-learning encompasses a wide range of online educational tools and resources, including courses, training programs, and virtual classrooms, which cater to diverse audiences, from K-12 students to corporate professionals. The global shift towards remote learning, accelerated byโฆ
More Releases for Retail
Driving Retail Innovation: Blockchain Revolutionizes the Retail Sector
[City, Date] - Retail blockchain, hailed as a disruptive technology, is reshaping the retail sector by securely recording digital transactions on a distributed ledger. This innovative approach enables retailers to meticulously track stock origins, exercise precise control over their offerings, and instill trust across various applications including smart contracts, consumer experience management, transaction management, and supply chain management.
The Blockchain in Retail Market is projected to reach $25.8 billion by 2029,โฆ
Retail Clinics Market - Transforming healthcare delivery through retail clinics
Newark, New Castle, USA: The "Retail Clinics Market" provides a value chain analysis of revenue for the anticipated period from 2021 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Retail Clinics Market: https://www.growthplusreports.com/report/retail-clinics-market/7728
This latest report researches the industry structure, sales, revenue,โฆ
India Retail Market Top Key Players โ Reliance Retail, V Mart, D Mart, Pantalo โฆ
Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. With the arrival of several new players, Indian retail has become one of the most dynamic and fast industries. The sector is the largest source of employment after agriculture and has deep penetration into rural India generating more than 10 per cent of Indiaโs GDP.
With the advancement inโฆ
Retail IoT Software Market 2020-2026 | Coffee Cloud, Honeywell Connected Retail, โฆ
The Research Insights has included a report, titled a global Retail IoT Software market to its extensive repository. This analytical report has been compiled by using primary and secondary research techniques. The global market research report offers in-depth analysis of global market trends, platforms, drivers, restraints and opportunities. It also presents a complete overview of the global market with respect to current statistics, historical records, and future predictions.
Retail IoT softwareโฆ
Global Organized Retail Market 2019 - Pantaloons Retail, Reliance Retail, Shoppe โฆ
Organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store. Organized retail also includes internet retailing, which is the process of buying and selling products and services, such as COD, card on delivery, or trial services, through the internet.
Get Free Sample Copy of Report Here: http://bit.ly/2DdvEVA
Scope of the Report:
This reportโฆ
Retail Display Industry Segment Analysis by Product Type Touch-screen retail dis โฆ
The displays that are used in retail applications like POS systems, kiosks, ATMs, and digital signage are referred to as retail displays. The touchscreen displays segment in the retail sector accounted for the maximum market share during 2017. In 2018, the global Retail Display market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. In this study,โฆ
