Uploaded on Apr 28, 2021
The global retail analytics market size is expected to surpass USD 16 billion by 2025, at a CAGR of ~22%. The retail industry has always been an essential factor in the world’s economy and with the increasing globalization, it is becoming one of the strong pillars for any economy.
Retail Analytics Market Analysis 2021-2025 by Industry Outlook, Regional Scope and Competitive Scenario
Adroit Market Research
Retail Analytics Market
by Type (Software and Services), Application (Merchandising, Marketing,
Supply Chain, Store Operations, Strategy & Planning, and Others),
Solutions (In-Store Transformation, Omnichannel Retail Transformation,
Insights & Marketing Automation, Security & Infrastructure
transformation, and Others), and Region, Global Forecast 2018 to 2025
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Adroit Market Research
Increase In Developments In Technologies Such As AI And ML And Growing Demand For
Customized Buying Process Are Fueling The Retail Analytics Market Growth
• Increasing internet penetration is the major factor driving the demand for retail analytics market
• The global retail analytics market size is expected to surpass USD 16 billion by 2025, at a
CAGR of ~22%. The retail industry has always been an essential factor in the world’s economy and
with the increasing globalization, it is becoming one of the strong pillars for any economy. With the
changing customer preferences, demands, and unsettled market conditions the retail industry is
becoming more complex every day. Additionally, growing competition and various government
regulations are restricting the growth of retailers. However, by adopting retail analytics solutions,
retailers can analyze extensive patterns and observe the increasing demand for products among
customers. Hence, such factors are creating a demand for retail analytics solutions among global
retailers.
• The existing and future retail analytics market developments are defined to determine the
attractiveness of the market. Key impacting factors highlight the retail analytics market
opportunities throughout the forecast period. Factors such as the increase in internet penetration
in developing countries such as India, China, and others are the major factor driving market
growth. Moreover, developments in technologies such as AI, machine learning, and AR &VR are
also fuelling the demand for retail analytics market growth. However, due to legacy retail systems,
the initial setup costs rise which is anticipated to hamper the market growth. Also, the lack of a
skilled workforce is impeding the overall market growth. Furthermore, the advent of cloud-based
analytics is anticipated to provide major growth opportunities for the market in the forthcoming
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Adroit Market Research
Increase In Developments In Technologies Such As AI And ML And Growing Demand For
Customized Buying Process Are Fueling The Retail Analytics Market Growth
• The report also highlights numerous aspects of the global retail analytics industry by evaluating the
market through value chain analysis. Besides, the report covers numerous qualitative aspects of
the retail analytics industry in market drivers, restraints, and key industry opportunities.
Furthermore, the report offers a complete assessment of the market rivalry along with company
profiling of local as well as global vendors.
• The retail analytics market has strong competition among the well-established as well as new
emerging players. Also, the retail analytics industry players are targeting prospective markets to
capture a competitive advantage over the other industry players by forming agreements, mergers
& acquisitions, acquiring new startups & other companies, forming collaboration and partnerships,
and expanding their business presence.
• Based on the type segment, the market is bifurcated into two sub-segments that are software and
services. In 2019, the software segment gathered the highest market revenue and it is anticipated
to govern the retail analytics market throughout the forecast period. The growth of this segment is
mainly attributed to increasing demand for analytics software among retailers to make better
business decisions and efficiently manage store and supply chain operations. On the contrary, the
services segment is projected to gather the highest CAGR during the forecast period.
• The major players of the global retail analytics market are Fujitsu, SAS, Microsoft, Oracle, SAP,
Teradata, Microstrategy, IBM, RetailNext, and Altair Engineering. Moreover, the other potential
players in the retail analytics market are QBurst, FLIR Systems, BRIDGEi2i, Qlik Technologies,
Diaspark. The Retail analytics market is fragmented with the existence of well-known global and
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domestic players across the globe. In addition, recognized companies are coming up with
innovative and new retail analytics technologies and solutions. For instance, In January 2019, a
global retail analytics solution provider, RetailNext announced the launch of its innovative retail
analytics software, partner ecosystem advancements, and hardware. These solutions are expected
to assist retailers in delivering an enhanced experience to shoppers.
Adroit Market Research
Segment Overview of Global Retail Analytics Market
Type Overview, 2018-2025 (USD Billion)
• Software
• Services
Application Overview, 2018-2025 (USD Billion)
• Merchandising
• Marketing
• Supply Chain
• Store Operations
• Strategy and Planning
• Others
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Adroit Market Research
Segment Overview of Global Retail Analytics Market
Solutions Overview, 2018-2025 (USD Billion)
• In-Store transformation
• Omnichannel retail transformation
• Insights & marketing automation
• Security & Infrastructure transformation
• Others
Regional Overview, 2018-2025 (USD Billion)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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Adroit Market Research
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Adroit Market Research is an India-based business analytics and consulting company. Our
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our core, we are curious people who love to identify and understand industry patterns, create
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