Retail Analytics Market

1. Retail analytics Market Competitive Intelligence and Tracking Report Till 2026 Retail analytics Market research provides industry analysis by type, manufacturer, application along with key factors influencing the growth of the market which include growth drivers, restraints, opportunities and challenges, strategically profile key players and comprehensively analyze their market share and core competencies. Retail analytics is the process of providing analytical data for supply chain management, merchandise intelligence, inventory management, cyber security, supply & demand processing, customer engagement, sales data modelling, and others. It helps in the process of decision- making, as it provides customer insights and scope for product marketing. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request- pdf/1719 Increasing adoption of new technologies is one of the major factors driving growth of the market Rising adoption of new technologies such as big data, internet of things (IoT), and real-time analytics by various organizations to enhance business outcomes is driving growth of the retail analytics market. According to Coherent Market Insights’ analysis, around 70% of the retail industries are expected to adopt IoT by 2021. Retail analytics collects data from big data, machine learning, and artificial intelligence and business process, thereby delivering accurate information to solve business issues. Retail analytics provides customer insights from the real

2. data, which helps the retailers to understand customer behavior and develop a customer centric product. This helps the organization to strengthen its foothold in the market, thereby fueling growth of the retail analytics market. Rising number of unstructured data is a major factor driving growth of retail analytics market. Rising number of unstructured data is driving growth of the retail analytics market, owing to the increasing number of organizations and rising demand for structured data. For instance, according to the International Data Group, unstructured data is growing at the rate of around 62 percent per year and around 93 percent of all data is expected to be unstructured by 2022. Unstructured data helps in understanding the market trend, customer demand, product description, and others. The rapid growth of unstructured data volume generated by various organizations have raised the trend of analytical tools, which helps in extracting insights from real data, thereby driving growth of the retail analytics market. High cost of analytical tools is one of the major factors hampering growth of the market The high cost of analytical tools is one of the major factors restraining growth of the market. Moreover, lack of unskilled workforce is also expected to hamper growth of the market over the forecast period. Global Retail Analytics Market: Regional Insights North America is expected to hold a dominant position in the market over the forecasted period, owing to rising e-commerce sector. For instance, according to the U.S. Commerce Department analysis, in 2016, the sales from e-commerce was 41.6% and it increased up to 49.4% in 2017. Digitalization, rising disposable income, and rising adoption of IOT are some of the factors responsible for increasing the sales of the e-commerce sector. Therefore, increasing sales of e- commerce will lead to increasing demand for analytical tools, which will boost growth of the retail analytics market in the region. Global Retail Analytics Market: Competitive Landscape The key players operating in the global retail analytics market include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Adobe Systems Incorporated, SAS Institute Inc., HCL Technologies Ltd., Cisco Systems Inc., MicroStrategy, Inc., and Tableau Software, Inc. The major players of the market such as IBM Corporation, Microsoft, and Oracle Corporation are adopting strategies such as mergers and acquisitions for product development, in order to

3. retain the position in the market. For instance, in December 2014, Oracle Corporation introduced the Oracle Retail Merchandising Analytics 14.1 version, which helps the retailers to improve their business performance by leveraging the real data collected from the consumers. Browse insight/retail-analytics-market-1719 Complete Report @ https://www.coherentmarketinsights.com/ongoing- Global Retail Analytics Market: Taxonomy On the basis of component type, the global retail analytics market is segmented into: Software Services On the basis of deployment model, the global retail analytics market is segmented into: On-Premises On-Demand On the basis of organization size, the global retail analytics market is segmented into: SMEs (Small and Medium Enterprises) Large Enterprises On the basis of application, the global retail analytics market is segmented into: Merchandising Analysis Customer Analysis Performance Analysis Inventory Analysis Others On the basis of end user, the global retail analytics market is segmented into: Online oPersonal Computers oLaptops

4. oMobiles Offline oSupermarkets oDepartmental Store oSpecialty Store oOthers On the basis of region, the global retail analytics market is segmented into: North America Europe Asia Pacific Latin America Middle East Africa About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com