North America Predictive Retail Analytics Market Size, Share & Trends Analysis Report By Application, By Enterprise Size (Large Enterprises, and SMEs), By Component, By Deployment Type, By Business Function, By Country and Growth Forecast, 2024 - 2031
Description
North America Predictive Retail Analytics Market Size, Share & Trends Analysis Report By Application, By Enterprise Size (Large Enterprises, and SMEs), By Component, By Deployment Type, By Business Function, By Country and Growth Forecast, 2024 - 2031
The North America Predictive Retail Analytics Market would witness market growth of 32.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Predictive Retail Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,355.2 million by 2031. The Canada market is experiencing a CAGR of 35.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 34.1% during (2024 - 2031).
Predictive retail analytics is a data-driven methodology that employs machine learning techniques, statistical algorithms, and historical data to anticipate future trends, behaviors, and events in the retail sector. It enables retailers to identify patterns and trends by analyzing immense amounts of data from a variety of sources, such as sales records, consumer interactions, and online behaviors.
Additionally, these valuable insights enable businesses to make well-informed decisions regarding their operations, including inventory management, demand forecasting, marketing strategies, and personalized customer experiences.
The proliferation of online purchasing and the growing demand for data-driven insights are the primary factors driving the substantial expansion of the North American predictive retail analytics market. According to the U.S. Census Bureau, e-commerce sales in the United States reached $815.4 billion in 2020, representing a 43% increase from $571.2 billion in 2019. This surge in e-commerce has led to a rising need for analytics solutions that help retailers optimize inventory, forecast demand, and enhance customer targeting.
Based on Application, the market is segmented into Inventory Analysis, Customer Management, Pricing Analysis, Performance Analysis, Merchandising Analysis, and Other Application. Based on Enterprise Size, the market is segmented into Large Enterprises, and SMEs. Based on Component, the market is segmented into Software, and Services (Consulting Services, Deployment & Integration Services, Support & Maintenance Services, and Training & Education Services). Based on Deployment Type, the market is segmented into Cloud-based, On-Premise, and Hybrid. Based on Business Function, the market is segmented into Supply Chain Management, Sales & Marketing, Strategy & Planning, In-store Operations, Human Resource, and Other Business Function. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IBM Corporation
- Oracle Corporation
- SAP SE
- Microsoft Corporation
- SAS Institute Inc.
- NTT Data Corporation
- TIBCO Software, Inc. (Vista Equity Partners Management, LLC)
- Salesforce, Inc.
- Alteryx, Inc.
- Fair Isaac Corporation (FICO)
By Application
- Inventory Analysis
- Customer Management
- Pricing Analysis
- Performance Analysis
- Merchandising Analysis
- Other Application
- Large Enterprises
- SMEs
- Software
- Services
- Consulting Services
- Deployment & Integration Services
- Support & Maintenance Services
- Training & Education Services
- Cloud-based
- On-Premise
- Hybrid
- Supply Chain Management
- Sales & Marketing
- Strategy & Planning
- In-store Operations
- Human Resource
- Other Business Function
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
156 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Predictive Retail Analytics Market, by Application
- 1.4.2 North America Predictive Retail Analytics Market, by Enterprise Size
- 1.4.3 North America Predictive Retail Analytics Market, by Component
- 1.4.4 North America Predictive Retail Analytics Market, by Deployment Type
- 1.4.5 North America Predictive Retail Analytics Market, by Business Function
- 1.4.6 North America Predictive Retail Analytics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2024, Aug) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Predictive Retail Analytics Market by Application
- 5.1 North America Inventory Analysis Market by Country
- 5.2 North America Customer Management Market by Country
- 5.3 North America Pricing Analysis Market by Country
- 5.4 North America Performance Analysis Market by Country
- 5.5 North America Merchandising Analysis Market by Country
- 5.6 North America Other Application Market by Country
- Chapter 6. North America Predictive Retail Analytics Market by Enterprise Size
- 6.1 North America Large Enterprises Market by Region
- 6.2 North America SMEs Market by Region
- Chapter 7. North America Predictive Retail Analytics Market by Component
- 7.1 North America Software Market by Country
- 7.2 North America Services Market by Country
- 7.3 North America Predictive Retail Analytics Market by Services Type
- 7.3.1 North America Consulting Services Market by Country
- 7.3.2 North America Deployment & Integration Services Market by Country
- 7.3.3 North America Support & Maintenance Services Market by Country
- 7.3.4 North America Training & Education Services Market by Country
- Chapter 8. North America Predictive Retail Analytics Market by Deployment Type
- 8.1 North America Cloud-based Market by Country
- 8.2 North America On-Premise Market by Country
- 8.3 North America Hybrid Market by Country
- Chapter 9. North America Predictive Retail Analytics Market by Business Function
- 9.1 North America Supply Chain Management Market by Country
- 9.2 North America Sales & Marketing Market by Country
- 9.3 North America Strategy & Planning Market by Country
- 9.4 North America In-store Operations Market by Country
- 9.5 North America Human Resource Market by Country
- 9.6 North America Other Business Function Market by Country
- Chapter 10. North America Predictive Retail Analytics Market by Country
- 10.1 US Predictive Retail Analytics Market
- 10.1.1 US Predictive Retail Analytics Market by Application
- 10.1.2 US Predictive Retail Analytics Market by Enterprise Size
- 10.1.3 US Predictive Retail Analytics Market by Component
- 10.1.3.1 US Predictive Retail Analytics Market by Services Type
- 10.1.4 US Predictive Retail Analytics Market by Deployment Type
- 10.1.5 US Predictive Retail Analytics Market by Business Function
- 10.2 Canada Predictive Retail Analytics Market
- 10.2.1 Canada Predictive Retail Analytics Market by Application
- 10.2.2 Canada Predictive Retail Analytics Market by Enterprise Size
- 10.2.3 Canada Predictive Retail Analytics Market by Component
- 10.2.3.1 Canada Predictive Retail Analytics Market by Services Type
- 10.2.4 Canada Predictive Retail Analytics Market by Deployment Type
- 10.2.5 Canada Predictive Retail Analytics Market by Business Function
- 10.3 Mexico Predictive Retail Analytics Market
- 10.3.1 Mexico Predictive Retail Analytics Market by Application
- 10.3.2 Mexico Predictive Retail Analytics Market by Enterprise Size
- 10.3.3 Mexico Predictive Retail Analytics Market by Component
- 10.3.3.1 Mexico Predictive Retail Analytics Market by Services Type
- 10.3.4 Mexico Predictive Retail Analytics Market by Deployment Type
- 10.3.5 Mexico Predictive Retail Analytics Market by Business Function
- 10.4 Rest of North America Predictive Retail Analytics Market
- 10.4.1 Rest of North America Predictive Retail Analytics Market by Application
- 10.4.2 Rest of North America Predictive Retail Analytics Market by Enterprise Size
- 10.4.3 Rest of North America Predictive Retail Analytics Market by Component
- 10.4.3.1 Rest of North America Predictive Retail Analytics Market by Services Type
- 10.4.4 Rest of North America Predictive Retail Analytics Market by Deployment Type
- 10.4.5 Rest of North America Predictive Retail Analytics Market by Business Function
- Chapter 11. Company Profiles
- 11.1 IBM Corporation
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Regional & Segmental Analysis
- 11.1.4 Research & Development Expenses
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Partnerships, Collaborations, and Agreements:
- 11.1.5.2 Product Launches and Product Expansions:
- 11.1.5.3 Acquisition and Mergers:
- 11.1.6 SWOT Analysis
- 11.2 Microsoft Corporation
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expenses
- 11.2.5 Recent strategies and developments:
- 11.2.5.1 Product Launches and Product Expansions:
- 11.2.5.2 Partnerships, Collaborations, and Agreements:
- 11.2.6 SWOT Analysis
- 11.3 Oracle Corporation
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
- 11.3.5.1 Product Launches and Product Expansions:
- 11.3.6 SWOT Analysis
- 11.4 SAP SE
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Regional Analysis
- 11.4.4 Research & Development Expense
- 11.4.5 Recent strategies and developments:
- 11.4.5.1 Product Launches and Product Expansions:
- 11.4.5.2 Acquisition and Mergers:
- 11.4.6 SWOT Analysis
- 11.5 SAS Institute, Inc.
- 11.5.1 Company Overview
- 11.5.2 Recent strategies and developments:
- 11.5.2.1 Partnerships, Collaborations, and Agreements:
- 11.5.3 SWOT Analysis
- 11.6 Salesforce, Inc.
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Regional Analysis
- 11.6.4 Research & Development Expenses
- 11.6.5 Recent strategies and developments:
- 11.6.5.1 Partnerships, Collaborations, and Agreements:
- 11.6.5.2 Product Launches and Product Expansions:
- 11.6.6 SWOT Analysis
- 11.7 NTT Data Corporation
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Recent strategies and developments:
- 11.7.3.1 Partnerships, Collaborations, and Agreements:
- 11.8 Tibco Software, Inc. (Vista Equity Partners Management, LLC)
- 11.8.1 Company Overview
- 11.8.2 Recent strategies and developments:
- 11.8.2.1 Product Launches and Product Expansions:
- 11.8.2.2 Acquisition and Mergers:
- 11.8.3 SWOT Analysis
- 11.9 Alteryx, Inc.
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Research & Development Expenses
- 11.9.4 Recent strategies and developments:
- 11.9.4.1 Partnerships, Collaborations, and Agreements:
- 11.9.4.2 Product Launches and Product Expansions:
- 11.9.5 SWOT Analysis
- 11.10. Fair Isaac Corporation (FICO)
- 11.10.1 Company Overview
- 11.10.2 Financial Analysis
- 11.10.3 Segmental and Regional Analysis
- 11.10.4 Research & Development Expenses
- 11.10.5 Recent strategies and developments:
- 11.10.5.1 Partnerships, Collaborations, and Agreements:
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