Global Retail Analytics Market 2023-2027

Global Retail Analytics Market 2023-2027
The retail analytics market is forecasted to grow by USD 11812.8 mn during 2022-2027, accelerating at a CAGR of 21.15% during the forecast period. The report on the retail analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing volume and complexity of data generated by retail businesses, the growing e-commerce industry, and the increasing focus on customer experience.

Technavio's retail analytics market is segmented as below:

By ApplicationIn-store operationCustomer managementSupply chain managementMarketing and merchandizingOthersBy ComponentSoftwareServicesBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the increasing adoption of AI in the retail sector as one of the prime reasons driving the retail analytics market growth during the next few years. Also, the rising importance of customer experience in the retail sector and rising omnichannel customers will lead to sizable demand in the market.

The report on the retail analytics market covers the following areas:Retail analytics market sizingRetail analytics market forecastRetail analytics market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail analytics market vendors that include Accenture Plc, Alphabet Inc., Amazon.com Inc., Capillary Technologies, Cisco Systems Inc., Domo Inc., Fujitsu Ltd., HCL Technologies Ltd., International Business Machines Corp., Manthan Software Services Pvt. Ltd., Microsoft Corp., MicroStrategy Inc., NCR Corp., Oracle Corp., Salesforce Inc., SAP SE, SAS Institute Inc., Symphony Innovation, LLC, Thoma Bravo LP, and TIBCO Software Inc.. Also, the retail analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.