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Internet of Things (IoT) in Retail Market Size, Share & Trends Analysis Report By Solution, By Hardware (Beacons, RFID Tags, Sensors, Wearables), By Service, By Technology, And Segment Forecasts, 2018 - 2025

Internet of Things (IoT) in Retail Market Size, Share & Trends Analysis Report By Solution, By Hardware (Beacons, RFID Tags, Sensors, Wearables), By Service, By Technology, And Segment Forecasts, 2018 - 2025

The global internet of things (IoT) in retail market size is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 21.5% CAGR during the forecast period. Increasing demand for improved flexibility, multiple distribution channels, better service, and enhanced experience are expected to provide impetus to industry growth over the forecast period. The growth can be also attributed to merging of digital and in-store operations in retail stores.

Ongoing evolutions in retail such as omnichannel shopping and rapid smartphone adoption rate are enabling retailers to create a brick-and-mortar shopping experience. Smart retailers are engaging with the right technology and making stores more interactive. Smartphones and tablets enabled with Bluetooth Low Energy (BLE) are used for product promotions, thereby encouraging social sharing.

Such evolutions have led to increased spending on connected technologies to monitor products, customer behavior, premises, and supply chain. Implementation and adoption of connected technologies solutions allow retailers to analyze and monitor existing processes to enhance them with incremental investments. However, with growing IoT permeation, retailers have not been able to exploit the capabilities of IoT.

Furthermore, the emergence of Machine Learning and Artificial Intelligence (AI) technologies are changing the retail scenario as they provide better insights to optimize retail execution efficiently. Retailers can accurately anticipate customer behavior, predict demand, and personalize customer experience. For instance, retailers are predicting demand to offer product endorsements based on data received from customers. Such transformation is expected to occur over the next few years by deploying machine learning in combination with IoT technologies.

Retailers are striving to gain a competitive edge through installation of smart shelves and RFID sensors, which aid in detection of low inventory and track products throughout the respective supply chain. IoT adoption also helps retailers in revolutionizing delivery operations and retail supply chain.

Further key findings from the report suggest:

  • Retail IoT software is expected to witness substantial growth with a revenue share of over 40.0% by 2025; this growth can be attributed to increasing adoption of retail analytics software to monitor consumer behavior
  • The beacons segment is expected to exhibit a CAGR of over 23.0% from 2016 to 2025 owing to increasing adoption of beacons for enhancing customer in-store experience by offering promotional offers and messages
  • The Latin America region is anticipated to account for a revenue share of over 10.0% by 2025 owing to increasing investment in retail infrastructure
  • Key industry players include RetailNext Inc.; Losant IoT Inc.; Intel Corporation; Impinj Inc.; and Allerin Tech Pvt. Ltd.


Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 IoT in Retail - Market Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3 IoT in Retail - Industry Outlook
3.1 Market Segmentation
3.2 IoT in Retail - Market Size and Growth Prospects
3.3 IoT in Retail - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Need for enhanced customer experience
3.4.1.2 Decline in the component cost
3.4.2 Market restraint analysis
3.4.2.1 Fragmented technology standards
3.4.2.2 Privacy and security concerns
3.5 Penetration & Growth Prospect Mapping
3.6 Industry Analysis - Porter’s
3.7 IoT in Retail - Key Company Analysis, 2015
3.8 IoT in Retail - PESTEL Analysis
Chapter 4 IoT in Retail Solution Estimates & Trend Analysis
4.1 IoT in Retail Market: Solution Movement Analysis
4.1.1 Hardware
4.1.1.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
4.1.2 Software
4.1.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 5 IoT in Retail Hardware Estimates & Trend Analysis
5.1 IoT in Retail Market: Hardware Movement Analysis
5.1.1 Beacons
5.1.1.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
5.1.2 RFID tags
5.1.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
5.1.3 Sensors
5.1.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
5.1.4 Wearables
5.1.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 6 IoT in Retail Service Estimates & Trend Analysis
6.1 IoT in Retail Market: Services Movement Analysis
6.1.1 Professional services
6.1.1.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
6.1.2 Managed services
6.1.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 7 IoT in Retail Technology Estimates & Trend Analysis
7.1 IoT in Retail Market: Technology Movement Analysis
7.1.1 Bluetooth low energy
7.1.1.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
7.1.2 Near field communication
7.1.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
7.1.3 ZigBee
7.1.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
7.1.4 Others
7.1.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 8 IoT in RetailRegional Estimates & Trend Analysis
8.1 IoT in Retail Market Share by Region, 2015 & 2025
8.2 North America
8.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.2.2 U.S.
8.2.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.2.3 Canada
8.2.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.3 Europe
8.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.3.2 Germany
8.3.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.3.3 UK
8.3.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.4 Asia Pacific
8.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.4.2 China
8.4.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.4.3 India
8.4.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.4.4 Japan
8.4.4.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.5 Latin America
8.5.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.5.2 Brazil
8.5.2.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.5.3 Mexico
8.5.3.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
8.6 MEA
8.6.1 Market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 9 Competitive Landscape
9.1 Company Profiles
9.1.1 Allerin Tech Pvt. Ltd.
9.1.1.1 Company overview
9.1.1.2 Financial performance
9.1.1.3 Product benchmarking
9.1.2 ARM Holdings Plc
9.1.2.1 Company overview
9.1.2.2 Financial performance
9.1.2.3 Product benchmarking
9.1.2.4 Recent developments
9.1.3 Cisco Systems Inc.
9.1.3.1 Company overview
9.1.3.2 Financial performance
9.1.3.3 Product benchmarking
9.1.3.4 Recent developments
9.1.4 Google Inc.
9.1.4.1 Company overview
9.1.4.2 Financial performance
9.1.4.3 Product benchmarking
9.1.4.4 Recent developments
9.1.5 IBM Corporation
9.1.5.1 Company overview
9.1.5.2 Financial performance
9.1.5.3 Product benchmarking
9.1.5.4 Recent developments
9.1.6 Impinj Inc.
9.1.6.1 Company overview
9.1.6.2 Financial performance
9.1.6.3 Product benchmarking
9.1.6.4 Recent developments
9.1.7 Intel Corporation
9.1.7.1 Company overview
9.1.7.2 Financial performance
9.1.7.3 Product benchmarking
9.1.7.4 Recent developments
9.1.8 Losant IoT Inc.
9.1.8.1 Company overview
9.1.8.2 Financial performance
9.1.8.3 Product benchmarking
9.1.8.4 Recent developments
9.1.9 Microsoft Corporation
9.1.9.1 Company overview
9.1.9.2 Financial performance
9.1.9.3 Product benchmarking
9.1.9.4 Recent developments
9.1.10 NXP Semiconductors N.V.
9.1.10.1 Company overview
9.1.10.2 Financial performance
9.1.10.3 Product benchmarking
9.1.10.4 Recent developments
9.1.11 PTC Inc.
9.1.11.1 Company overview
9.1.11.2 Financial performance
9.1.11.3 Product benchmarking
9.1.11.4 Recent developments
9.1.12 RetailNext Inc.
9.1.12.1 Company overview
9.1.12.2 Financial performance
9.1.12.3 Product benchmarking
9.1.12.4 Recent developments
9.1.13 SAP AG
9.1.13.1 Company overview
9.1.13.2 Financial performance
9.1.13.3 Product benchmarking
9.1.13.4 Recent developments
9.1.14 Softweb Solutions Inc.
9.1.14.1 Company overview
9.1.14.2 Product benchmarking
9.1.14.3 Product benchmarking
9.1.14.4 Recent developments
9.1.15 Verizon Enterprise
9.1.15.1 Company overview
9.1.15.2 Product benchmarking
9.1.15.3 Product benchmarking
9.1.15.4 Recent developments
9.1.16 Zebra Technologies Corporation
9.1.16.1 Company overview
9.1.16.2 Product benchmarking
9.1.16.3 Product benchmarking
9.1.16.4 Recent developments
List of Tables
1 Global IoT in retail market, 2014 - 2025 (USD Billion)
2 Global market estimates and forecasts by region, 2014 - 2025 (USD Billion)
3 Global market estimates and forecasts by solution, 2014 - 2025 (USD Billion)
4 Global market estimates and forecasts by hardware, 2014 - 2025 (USD Billion)
5 Global market estimates and forecasts by service, 2014 - 2025 (USD Billion)
6 Global market estimates and forecasts by technology, 2014 - 2025 (USD Billion)
7 Key market participants
8 Recent developments in retail stores
9 Global hardware market by region, 2014 - 2025 (USD Billion)
10 Global software market by region, 2014 - 2025 (USD Billion)
11 Global beacons market by region, 2014 - 2025 (USD Billion)
12 Global RFID tags market by region, 2014 - 2025 (USD Billion)
13 Global sensors market by region, 2014 - 2025 (USD Billion)
14 Global wearables market by region, 2014 - 2025 (USD Billion)
15 Global professional services market by region, 2014 - 2025 (USD Billion)
16 Global managed services market by region, 2014 - 2025 (USD Billion)
17 Global Bluetooth low energy market by region, 2014 - 2025 (USD Billion)
18 Global near field communication market by region, 2014 - 2025 (USD Billion)
19 Global ZigBee market by region, 2014 - 2025 (USD Billion)
20 Global others market by region, 2014 - 2025 (USD Billion)
21 North America IoT in retail market by solution, 2014 - 2025 (USD Billion)
22 North America IoT in retail market by hardware, 2014 - 2025 (USD Billion)
23 North America IoT in retail market by service, 2014 - 2025 (USD Billion)
24 North America IoT in retail market by technology, 2014 - 2025 (USD Billion)
25 U.S. IoT in retail market by solution, 2014 - 2025 (USD Billion)
26 U.S. IoT in retail market by hardware, 2014 - 2025 (USD Billion)
27 U.S. IoT in retail market by service, 2014 - 2025 (USD Billion)
28 U.S. IoT in retail market by technology, 2014 - 2025 (USD Billion)
29 Canada IoT in retail market by solution, 2014 - 2025 (USD Billion)
30 Canada IoT in retail market by hardware, 2014 - 2025 (USD Billion)
31 Canada IoT in retail market by service, 2014 - 2025 (USD Billion)
32 Canada IoT in retail market by technology, 2014 - 2025 (USD Billion)
33 Europe IoT in retail market by solution, 2014 - 2025 (USD Billion)
34 Europe IoT in retail market by hardware, 2014 - 2025 (USD Billion)
35 Europe IoT in retail market by service, 2014 - 2025 (USD Billion)
36 Europe IoT in retail market by technology, 2014 - 2025 (USD Billion)
37 Germany IoT in retail market by solution, 2014 - 2025 (USD Billion)
38 Germany IoT in retail market by hardware, 2014 - 2025 (USD Billion)
39 Germany IoT in retail market by service, 2014 - 2025 (USD Billion)
40 Germany IoT in retail market by technology, 2014 - 2025 (USD Billion)
41 UK IoT in retail market by solution, 2014 - 2025 (USD Billion)
42 UK IoT in retail market by hardware, 2014 - 2025 (USD Billion)
43 UK IoT in retail market by service, 2014 - 2025 (USD Billion)
44 UK IoT in retail market by technology, 2014 - 2025 (USD Billion)
45 Asia Pacific IoT in retail market by solution, 2014 - 2025 (USD Billion)
46 Asia Pacific IoT in retail market by hardware, 2014 - 2025 (USD Billion)
47 Asia Pacific IoT in retail market by service, 2014 - 2025 (USD Billion)
48 Asia Pacific IoT in retail market by technology, 2014 - 2025 (USD Billion)
49 China IoT in retail market by solution, 2014 - 2025 (USD Billion)
50 China IoT in retail market by hardware, 2014 - 2025 (USD Billion)
51 China IoT in retail market by service, 2014 - 2025 (USD Billion)
52 China IoT in retail market by technology, 2014 - 2025 (USD Billion)
53 India IoT in retail market by solution, 2014 - 2025 (USD Billion)
54 India IoT in retail market by hardware, 2014 - 2025 (USD Billion)
55 India IoT in retail market by service, 2014 - 2025 (USD Billion)
56 India IoT in retail market by technology, 2014 - 2025 (USD Billion)
57 Japan IoT in retail market by solution, 2014 - 2025 (USD Billion)
58 Japan IoT in retail market by hardware, 2014 - 2025 (USD Billion)
59 Japan IoT in retail market by service, 2014 - 2025 (USD Billion)
60 Japan IoT in retail market by technology, 2014 - 2025 (USD Billion)
61 Latin America IoT in retail market by solution, 2014 - 2025 (USD Billion)
62 Latin America IoT in retail market by hardware, 2014 - 2025 (USD Billion)
63 Latin America IoT in retail market by service, 2014 - 2025 (USD Billion)
64 Latin America IoT in retail market by technology, 2014 - 2025 (USD Billion)
65 Brazil IoT in retail market by solution, 2014 - 2025 (USD Billion)
66 Brazil IoT in retail market by hardware, 2014 - 2025 (USD Billion)
67 Brazil IoT in retail market by service, 2014 - 2025 (USD Billion)
68 Brazil IoT in retail market by technology, 2014 - 2025 (USD Billion)
69 Mexico IoT in retail market by solution, 2014 - 2025 (USD Billion)
70 Mexico IoT in retail market by hardware, 2014 - 2025 (USD Billion)
71 Mexico IoT in retail market by service, 2014 - 2025 (USD Billion)
72 Mexico IoT in retail market by technology, 2014 - 2025 (USD Billion)
73 MEA IoT in retail market by solution, 2014 - 2025 (USD Billion)
74 MEA IoT in retail market by hardware, 2014 - 2025 (USD Billion)
75 MEA IoT in retail market by service, 2014 - 2025 (USD Billion)
76 MEA IoT in retail market by technology, 2014 - 2025 (USD Billion)
List of Figures
1 Market snapshot
2 Market segmentation
3 IoT in retail - Market size and growth prospects
4 IoT in retail - Value chain analysis
5 Market dynamics
6 IoT spend by business area
7 Average sensor and RFID tags cost
8 Penetration & growth prospect mapping
9 Porter’s five forces analysis
10 Beacon deployment by manufacturer, 2015
11 IoT in retail - PESTEL analysis
12 IoT in retail market solution outlook key takeaways
13 IoT in retail market: Solution movement analysis
14 Global hardware market, 2014 - 2025 (USD Billion)
15 Global software market, 2014 - 2025 (USD Billion)
16 IoT in retail market hardware outlook key takeaways
17 IoT in retail market: Hardware movement analysis
18 Global beacons market, 2014 - 2025 (USD Billion)
19 Global RFID tags market, 2014 - 2025 (USD Billion)
20 Global sensors market, 2014 - 2025 (USD Billion)
21 Global wearables market, 2014 - 2025 (USD Billion)
22 IoT in retail market services outlook key takeaways
23 IoT in retail market: Services movement analysis
24 Global professional services market, 2014 - 2025 (USD Billion)
25 Global managed services market, 2014 - 2025 (USD Billion)
26 IoT in retail market technology outlook key takeaways
27 IoT in retail market: Technology movement analysis
28 Global Bluetooth low energy market, 2014 - 2025 (USD Billion)
29 Global near field communication market, 2014 - 2025 (USD Billion)
30 Global ZigBee market, 2014 - 2025 (USD Billion)
31 Global others market, 2014 - 2025 (USD Billion)
32 Regional marketplace: Key takeaways
33 Regional outlook, 2015 & 2025

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