Retail Analytics Market New
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Retail</strong> <strong>Analytics</strong> <strong>Market</strong> worth 8.64 Billion USD by 2022<br />
"<strong>Retail</strong> <strong>Analytics</strong> <strong>Market</strong> by Application (Merchandising Analysis, Customer Analysis, Performance<br />
Analysis), Business Function (Finance, Sales, <strong>Market</strong>ing, Supply Chain and Store Operations),<br />
Component, End-User, and Region - Global forecast to 2022", The retail analytics market is expected to<br />
grow from USD 3.52 Billion in 2017 to USD 8.64 Billion by 2022, at a Compound Annual Growth Rate<br />
(CAGR) of 19.7%.<br />
Browse 65 <strong>Market</strong> Data Tables and 43 Figures spread through 179 Pages and in-depth TOC on "<strong>Retail</strong><br />
<strong>Analytics</strong> <strong>Market</strong>"<br />
http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/retail-analytics-market-123460609.html<br />
Early buyers will receive 10% customization on reports.<br />
The major driving factor for this market are growing internet penetration, increased use of dataintensive<br />
platforms and rapid adoption of social media, and advancement in technologies, such as<br />
machine learning, artificial intelligence, and augmented reality. The proliferation of cloud-based<br />
analytics and growing inclination of vendors toward merging in-store and digital operations are key<br />
opportunities that would fuel the growth of the retail analytics market.<br />
The customer management application is expected to grow at the highest CAGR during the forecast<br />
period<br />
Customer management analytics aggregates customer segmentation, retention, and acquisition, fraud<br />
and risk management, and customer demographic analysis to provide an end-to-end picture of the<br />
customer journey. It can provide multiple avenues for customer management through customer<br />
analytics. The customer management and analytics portfolio enable the retailers to imply personalized<br />
engagement on data driven insights about customer behavior. Adoption of retail analytics solutions that<br />
deals with a huge volume of historical and real-time data, such as predictive analytics solutions, help<br />
retailers to statistically forecast dynamic changes in the external and internal environment of the retail<br />
enterprise, thereby enabling them to take actionable insights.<br />
The on-demand deployment model to grow at the highest CAGR during the forecast period<br />
The retail analytics market by deployment model has been segmented into on-premises and ondemand.<br />
The on-demand deployment model offers multiple benefits, such as reduced operational costs,<br />
easy deployments, and higher scalability, when compared to on-premises solutions. Owing to this, the<br />
on-demand deployment model is expected to grow with an increasing awareness of advantages of<br />
cloud-based solutions.
North America is expected to dominate the retail analytics market during the forecast period<br />
The retail analytics market is segmented based on regions including North America, Asia Pacific (APAC),<br />
Europe, Middle East and Africa (MEA), and Latin America. North America has always been a frontrunner<br />
in embracing advanced analytical technologies to offer best-in-class products to its customers. The<br />
unprecedented success witnessed by retail chains such as Walmart and The Kroger Company with their<br />
super efficient inventory management, logistics capabilities ensures other retailers to follow similar suit<br />
to gain a competitive advantage in the market.<br />
Key companies in the retail analytics market including Microsoft Corporation, Oracle Corporation,<br />
International Business Machines Corporation, SAP SE, SAS Institute Inc., and others have a strong<br />
presence in the North American region. The companies operating in this region have adopted varied<br />
strategies to gain a competitive edge in the market. Additionally, according to National <strong>Retail</strong><br />
Federation, the US eCommerce market is estimated to grow between 8–12% in 2017. High growth of<br />
eCommerce will play a prominent role in the adoption of retail analytics software.<br />
Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=123460609<br />
Major vendors in this market include 1010data, Inc. (US), Angoss Software Corporation (Canada),<br />
BRIDGEi2i <strong>Analytics</strong> Solutions Private Limited (India), Capillary Technologies (Singapore), Diaspark Inc.<br />
(US), FLIR Systems, Inc. (US), Fujitsu Limited (Japan), GainInsights Solutions Pvt. Ltd. (India), Happiest<br />
Minds (India), Information Builders (US), IntelliVision (US), International Business Machines (IBM)<br />
Corporation (US), LoyaltyOne (Canada), Manthan Software Services Private Limited (India), Microsoft<br />
Corporation (US), MicroStrategy Incorporated (US), Oracle Corporation (US), QBurst (India), Qlik<br />
Technologies Inc. (US), <strong>Retail</strong>Next Inc. (US), SAP SE (Germany), SAS Institute Inc. (US), Trax (Singapore),<br />
Visual BI Solutions (US), and Zebra Technologies Corporation (US).<br />
About <strong>Market</strong>sand<strong>Market</strong>s<br />
<strong>Market</strong>sand<strong>Market</strong>s provides quantified B2B research on 30,000 high growth niche<br />
opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently<br />
servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost<br />
75,000 top officers across eight industries worldwide approach <strong>Market</strong>sand<strong>Market</strong>s for their<br />
painpoints around revenues decisions.<br />
Our 850 fulltime analyst and SMEs at <strong>Market</strong>sand<strong>Market</strong>s are tracking global high growth markets<br />
following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the<br />
clients to identify new opportunities, identify most important customers, write "Attack, avoid and<br />
defend" strategies, identify sources of incremental revenues for both the company and its competitors.<br />
<strong>Market</strong>sand<strong>Market</strong>s now coming up with 1,500 MicroQuadrants (Positioning top players across<br />
leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.<br />
<strong>Market</strong>sand<strong>Market</strong>s is determined to benefit more than 10,000 companies this year for their revenue<br />
planning and help them take their innovations/disruptions early to the market by providing them<br />
research ahead of the curve.<br />
<strong>Market</strong>sand<strong>Market</strong>s’s flagship competitive intelligence and market research platform, "RT" connects<br />
over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with<br />
market sizing and forecasts of niche markets.
Contact:<br />
Mr. Rohan<br />
<strong>Market</strong>sand<strong>Market</strong>s<br />
701 Pike Street,<br />
Suite 2175, Seattle,<br />
WA 98101, United States<br />
1-888-600-6441<br />
Email: sales@marketsandmarkets.com