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Internet of Things (IoT) in Retail Market Worth 35.64 Billion USD by 2020


News provided by

MarketsandMarkets

29 Jul, 2015, 17:30 GMT

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DALLAS, July 29, 2015 /PRNewswire/ --

According to a new market research report,"Internet of Things (IoT) in Retail Market by Component (Hardware and Software), Hardware (Gateways, RFID, Sensors), Service (Remote device management, Managed service, and Professional service), Technology, Region - Global Forecast to 2020", published by MarketsandMarkets, The global IoT in Retail Market is expected to grow from USD 14,280.0 Million in 2015 to USD 35,640.0 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 20.0%.

Browse 71 market data Tables and 62 Figures spread through 172 Pages and in-depth TOC on "Internet of Things (IoT) in Retail Market"

http://www.marketsandmarkets.com/Market-Reports/retail-iot-market-43188550.html
Early buyers will receive 10% customization on this report.

The Internet of Things (IoT) in retail has helped retailers in attaining enhanced customer experience and increased revenue. IoT in retail is majorly used to manage inventory, track theft and loss, mobile payments, shopper intelligence, and advertising and marketing inventory. The demand for this market is driven by internet ubiquity worldwide and the declining cost of IoT components such as sensors and RFID. Cloud platform is another factor which considered as an important driver to the IoT market. The software market in IoT in retail is expected to flourish in the coming years owing to the increasing usage of mobile applications. Niche players such as ThingWorx and Carriots are developing software platforms and many others have emerged and are expected to evolve in the coming time.

Ask for PDF: http://www.marketsandmarkets.com/pdfdownload.asp?id=43188550

The emerging IoT technology has raised a concern regarding safety and security. Smart devices as well as hardware components and software applications in IoT are vulnerable to various cyber threats. Apart from security, interoperability of the devices and common standards for IoT solutions are again apprehensions in the adoption of this market. In 2015, North America is expected to be the top contributor in the IoT in Retail Market due to the increasing usage of smart phones and high internet penetration. However, APAC is expected to show tremendous growth owing to the economic stability and increasing usage of smart smartphones in the developing countries of this region.

The global IoT in Retail Market report has been segmented on the basis of components, hardware, services, connectivity technologies, and functional areas. The IoT in retail components include hardware and software; the hardware component has been segmented into Gateway, RFID, and sensor. The market has been segmented into services such as remote device management, professional services, and managed services. In addition, the report classifies the connectivity technologies as NFC, Bluetooth Low Energy (BLE), ZigBee, and Wi-Fi. The functional areas covered in the report are advertising and marketing, digital signage, energy optimization, intelligent payment solution, real-time/ streaming analytics, resource management, safety and security, smart shelf and smart doors, smart vending machines, and supply chain management. The regions covered in the report are North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

Browse Related Reports:- 

Internet of Things (IoT) Analytics Market by Application Platform (Telematics, Wearable, Building Automation, Manufacturing, Retail, Healthcare,), Solutions (Sensor and Gateway Analytics), Deployment, Process, Regions - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/iot-analytics-market-52329619.html

Internet of Things Market and M2M Communication by Technologies, Platforms and Services (RFID, Sensor Nodes, Gateways, Cloud Management, NFC, ZigBee, SCADA, Software Platform, System Integrators), by M2M Connections and by IoT Components - Global Forecasts to 2019
http://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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