Big Data Analytics in Retail Market Set for Rapid Growth and Trend by 2021-2028 | Top Players are Oracle Corporation, Zoho Corporation, SAP SE, Qlik Technologies

Big Data Analytics in Retail Market

The reports cover key developments in the Big Data Analytics in Retail Market  as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships and collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Big Data Analytics in Retail Market are anticipated to lucrative growth opportunities in the future with the rising demand for Big Data Analytics in Retail Market in the global market. The market is expected to grow at a significant CAGR during the forecast period.

 The global big data analytics in retail market reached a market size of USD 4.56 Billion in 2020 and is expected to register a robust CAGR of 21.2% over the forecast period, according to latest analysis by Emergen Research One of the main reasons anticipated to propel growth of the worldwide big data analytics in retail market during the projected period is the growing requirement for the retail industry to improve customer experience with customised products. In-store security footage and sensor data are analysed by retail organisations to improve the customer experience. Retailers determine how often customers walk to a storage area and better display the goods that customers are more likely to choose out at random. The idea that businesses intentionally design their layout to encourage customers to leave with far more things than they intended to buy is not a modern one.

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Key Highlights From The Report :

  • Increasing adoption of big data analytics software in the retail industry is driving revenue growth of the software segment currently, which is expected to register a significantly high CAGR over the forecast period.
  • In terms of market share, the on-premises segment is expected to lead during the forecast period due to increasing implementation of on-premises-based big data analytics solutions for better data privacy in the retail industry.
  • In terms of revenue, the customer analytics segment is expected to register significant growth with a high CAGR during the forecast period due to increasing usage of big data analytics software in the retail industry for customer-based analysis.
  • Due to high presence of international players such as Oracle Corporation, Zoho Corporation, and International Business Machines Corporation in countries in North America, the market in the region is expected to account for comparatively higher revenue share among other regional markets during the forecast period.
  • Key market players include Oracle Corporation, Zoho Corporation, SAP SE, Qlik Technologies Inc., International Business Machines Corporation, Retail Next Inc., Salesforce.com Inc., Microstrategy Inc., Alteryx Inc., and Fuzzy Logix LLC.

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Segments covered in the report:

Emergen Research has segmented the global big data analytics in retail market on the basis of component, deployment, application, and region.

Component Outlook (Revenue, USD Billion; 2021–2028)

  • Services
  • Software

Deployment Outlook (Revenue, USD Billion; 2021–2028)

  • Cloud-Based
  • On-Premises

Application Outlook (Revenue, USD Billion; 2021–2028)

  • Customer Analytics
  • Sales & Marketing Analytics
  • Merchandising Analytics
  • Supply Chain Operations Management
  • Social Media Analytics
  • Others

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Geographic Segment Covered in the Report:

The Big Data Analytics in Retail Market provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

Questions addressed in the report:

What is the estimated market growth rate throughout the forecast period?

Which end-use industry is expected to witness the highest demand for Big Data Analytics in Retail Market in the near future?

What is the regulatory framework governing the application of Big Data Analytics in Retail Market in the food industry?

Which manufacturing processes are utilized for the production of Big Data Analytics in Retail Market ?

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