Internet of Things (IoT) in Retail Market
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<strong>Internet</strong> <strong>of</strong> <strong>Th<strong>in</strong>gs</strong> (<strong>IoT</strong>) <strong>in</strong> <strong>Retail</strong> <strong>Market</strong> Worth 35.64 Billion USD by<br />
2020<br />
Jul 29, 2015, 13:30 ET from <strong>Market</strong>sand<strong>Market</strong>s<br />
DALLAS, July 29, 2015 /PRNewswire/ --<br />
Accord<strong>in</strong>g to a new market research report,"<strong>Internet</strong> <strong>of</strong> <strong>Th<strong>in</strong>gs</strong> (<strong>IoT</strong>) <strong>in</strong> <strong>Retail</strong> <strong>Market</strong> by Component (Hardware and S<strong>of</strong>tware), Hardware<br />
(Gateways, RFID, Sensors), Service (Remote device management, Managed service, and Pr<strong>of</strong>essional service), Technology, Region - Global<br />
Forecast to 2020", published by <strong>Market</strong>sand<strong>Market</strong>s, The global <strong>IoT</strong> <strong>in</strong> <strong>Retail</strong> <strong>Market</strong> is expected to grow from USD 14,280.0 Million <strong>in</strong> 2015 to<br />
USD 35,640.0 Million by 2020, at a Compound Annual Growth Rate (CAGR) <strong>of</strong> 20.0%.<br />
Browse 71 market data Tables and 62 Figures spread through 172 Pages and <strong>in</strong>-depth TOC on "<strong>Internet</strong> <strong>of</strong> <strong>Th<strong>in</strong>gs</strong> (<strong>IoT</strong>) <strong>in</strong> <strong>Retail</strong> <strong>Market</strong>"<br />
http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/retail-iot-market-43188550.html<br />
Early buyers will receive 10% customization on this report.<br />
The <strong>Internet</strong> <strong>of</strong> <strong>Th<strong>in</strong>gs</strong> (<strong>IoT</strong>) <strong>in</strong> retail has helped retailers <strong>in</strong> atta<strong>in</strong><strong>in</strong>g enhanced customer experience and <strong>in</strong>creased revenue. <strong>IoT</strong> <strong>in</strong> retail is majorly<br />
used to manage <strong>in</strong>ventory, track theft and loss, mobile payments, shopper <strong>in</strong>telligence, and advertis<strong>in</strong>g and market<strong>in</strong>g <strong>in</strong>ventory. The demand<br />
for this market is driven by <strong>in</strong>ternet ubiquity worldwide and the decl<strong>in</strong><strong>in</strong>g cost <strong>of</strong> <strong>IoT</strong> components such as sensors and RFID. Cloud platform is<br />
another factor which considered as an important driver to the <strong>IoT</strong> market. The s<strong>of</strong>tware market <strong>in</strong> <strong>IoT</strong> <strong>in</strong> retail is expected to ourish <strong>in</strong> the<br />
com<strong>in</strong>g years ow<strong>in</strong>g to the <strong>in</strong>creas<strong>in</strong>g usage <strong>of</strong> mobile applications. Niche players such as Th<strong>in</strong>gWorx and Carriots are develop<strong>in</strong>g s<strong>of</strong>tware<br />
platforms and many others have emerged and are expected to evolve <strong>in</strong> the com<strong>in</strong>g time.<br />
Ask for PDF: http://www.marketsandmarkets.com/pdfdownload.asp?id=43188550<br />
The emerg<strong>in</strong>g <strong>IoT</strong> technology has raised a concern regard<strong>in</strong>g safety and security. Smart devices as well as hardware components and s<strong>of</strong>tware<br />
applications <strong>in</strong> <strong>IoT</strong> are vulnerable to various cyber threats. Apart from security, <strong>in</strong>teroperability <strong>of</strong> the devices and common standards for <strong>IoT</strong><br />
solutions are aga<strong>in</strong> apprehensions <strong>in</strong> the adoption <strong>of</strong> this market. In 2015, North America is expected to be the top contributor <strong>in</strong> the <strong>IoT</strong> <strong>in</strong> <strong>Retail</strong><br />
<strong>Market</strong> due to the <strong>in</strong>creas<strong>in</strong>g usage <strong>of</strong> smart phones and high <strong>in</strong>ternet penetration. However, APAC is expected to show tremendous growth<br />
ow<strong>in</strong>g to the economic stability and <strong>in</strong>creas<strong>in</strong>g usage <strong>of</strong> smart smartphones <strong>in</strong> the develop<strong>in</strong>g countries <strong>of</strong> this region.<br />
The global <strong>IoT</strong> <strong>in</strong> <strong>Retail</strong> <strong>Market</strong> report has been segmented on the basis <strong>of</strong> components, hardware, services, connectivity technologies, and<br />
functional areas. The <strong>IoT</strong> <strong>in</strong> retail components <strong>in</strong>clude hardware and s<strong>of</strong>tware; the hardware component has been segmented <strong>in</strong>to Gateway,<br />
RFID, and sensor. The market has been segmented <strong>in</strong>to services such as remote device management, pr<strong>of</strong>essional services, and managed<br />
services. In addition, the report classi es the connectivity technologies as NFC, Bluetooth Low Energy (BLE), ZigBee, and Wi-Fi. The functional<br />
areas covered <strong>in</strong> the report are advertis<strong>in</strong>g and market<strong>in</strong>g, digital signage, energy optimization, <strong>in</strong>telligent payment solution, real-time/<br />
stream<strong>in</strong>g analytics, resource management, safety and security, smart shelf and smart doors, smart vend<strong>in</strong>g mach<strong>in</strong>es, and supply cha<strong>in</strong><br />
management. The regions covered <strong>in</strong> the report are North America, Europe, Asia-Paci c, Middle East and Africa, and Lat<strong>in</strong> America.<br />
Browse Related Reports:-<br />
<strong>Internet</strong> <strong>of</strong> <strong>Th<strong>in</strong>gs</strong> (<strong>IoT</strong>) Analytics <strong>Market</strong> by Application Platform (Telematics, Wearable, Build<strong>in</strong>g Automation, Manufactur<strong>in</strong>g, <strong>Retail</strong>,<br />
Healthcare,), Solutions (Sensor and Gateway Analytics), Deployment, Process, Regions - Global Forecast to 2020<br />
http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/iot-analytics-market-52329619.html<br />
<strong>Internet</strong> <strong>of</strong> <strong>Th<strong>in</strong>gs</strong> <strong>Market</strong> and M2M Communication by Technologies, Platforms and Services (RFID, Sensor Nodes, Gateways, Cloud
Management, NFC, ZigBee, SCADA, S<strong>of</strong>tware Platform, System Integrators), by M2M Connections and by <strong>IoT</strong> Components - Global Forecasts to<br />
2019<br />
http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/<strong>in</strong>ternet-<strong>of</strong>-th<strong>in</strong>gs-market-573.html<br />
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