Pune, India -- (SBWIRE) -- 03/15/2019 -- The global retail IoT market is anticipated to benefit owing to the rising investments from retail companies in emerging regions including Asia Pacific. Several countries in the Asia Pacific regions are experiencing expansion in retail infrastructure through supermarkets and specialty retail stores while incorporating technological innovation. The abundance of population in the region is another factor contributing to the overall growth of the industry. The region houses several large e-commerce companies such as Flipkart Internet Private Limited and AliExpress.com amongst others, which are largely adopting IoT solutions to improve their capabilities in inventory monitoring and management. JD, a major online-retail giant based in China, has established unmanned retail outlets in Beijing.

Advanced technologies including facial recognition, RFID and image recognition, have been deployed at these outlets. Furthermore, cameras also have been strategically deployed across the establishment to carefully monitor and observe customer's shopping preference, thereby enabling them to ensure adequate availability of stocks. The technology, thus highlights immense potentials in terms of optimum resource allocation and customer retention in retail establishments. In terms of revenue, the global retail IoT market stood at US$ 23,689.0 Mn in 2018 and is anticipated to reach US$ 104,932.2 Mn by 2027, expanding at a CAGR of 18% during the forecast period.

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"Global retail IoT market is expected to be propelled by the growing demand from Asia Pacific. The rise in retail infrastructure coupled with flourishing e-commerce sector is estimated to drive the retail IoT market in the region."

The detailed research study provides qualitative and quantitative analysis of the global retail IoT market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Some of the major players operating in the global retail IoT market are ALLERIN TECH PVT LTD, Alphabet Inc. (Google LLC), Arm Limited, Cisco, Dipole RFID, Impinj, Inc., Intel Corporation, KaaIoT Technologies, LLC, LOSANT IOT, MediaTek Inc., Microsoft, NXP Semiconductors, Qualcomm Technologies, Inc., SAP SE, Scala Digital Signage, SIGFOX, Softweb Solutions Inc. (An Avnet Company), Verizon, Wi2Wi, Inc., Xynage, and Zebra Technologies Corp. amongst others.

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Retail IoT Market
By Offerings
o Hardware
o Software
o Services

By Application

o Product Tracking
o Payments
o Customer Engagement
o Supply Chain Management
o Others

By End Users

o Supermarkets/Hypermarkets
o Specialty Stores
o E-commerce Companies
o Others

By Region

North America

o U.S.
o Canada
o Mexico
o Rest of North America

Europe

o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe

Asia Pacific

o China
o Japan
o India
o New Zealand
o Australia
o South Korea
o Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific

Middle East and Africa

o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East and Africa

Latin America

o Brazil
o Argentina
o Rest of Latin America