The document summarizes the growth of the Internet of Things (IoT) in retail market. It states that the market is expected to grow from $14.5 billion in 2020 to $35.5 billion by 2025, representing a compound annual growth rate of 19.6%. It provides an overview of the market segmentation by hardware, platforms, services, and applications. Key factors driving growth are declining costs of IoT sensors and hardware, demand for seamless shopping experiences, and adoption of smart payment solutions. North America currently holds the largest market share but Asia Pacific is expected to provide opportunities for providers and see the highest growth.

1. Internet of Things (IoT) in Retail Market is expected
to grow $35.5 billion by 2025

2. Scope of The Report
By Hardware
The research report categorizes the Internet of Things (IoT) in Retail Market
to forecast the revenues and analyse the trends in each of the following subsegments:
• Beacon
• Sensors
• Gateway
• Radio-frequency Identification (RFID)
And More…
By Platforms
• Device Management
• Application Management
• Connectivity Management
By Service
• Professional Services
• Consulting
• System Integration and Deployment
• Support and Maintenance
• Managed Services
By Applications
• Operations Management
• Asset Management
• Customer Experience Management
• Advertising and Marketing

3. Key Segments
The IoT in retail market by platform has been segmented into device manag
ement, application enablement, and connectivity management.
The IoT in retail market by application has been segmented into operations mana
gement, asset management, customer experience management, and advertising
and marketing.
Key factors driving the growth of the market include rapidly declining cost of IoT
sensors and hardware, customer demand for a seamless shopping experience,
and increasing adoption of smart payment solutions.
1
2
3
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5 The UK is the leading country in Europe in terms of online shopping penetrationEarly ado
ption of technology and presence of organized retail sector are the major factors driving t
he adoption of IoT in retail in the region.
Internet of Things (IoT) in retail market size is expected to grow from USD 14.5 billion in
2020 to USD 35.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.6
% during the forecast period.

4. Market Growth Rate
2020 2025
Market Size of
$14.5 billion
Market Size of
$35.5 billion19.6%
CAGR

5. Key Vendors
• Cisco (US)
• IBM (US)
• Intel (US)
• Microsoft (US)
• PTC (US)
• And More
Major Players
View Report Here - https://www.marketsandmarkets.com/Market-Reports/
retail-iot-market-43188550.html

6. Major Regions
• North America
• Europe
• APAC
• MEA
• Latin America
 North America is expected to hold the
largest market share.
 Asia Pacific (APAC) is expected to prov
ide opportunities for debt collection soft
ware providers and grow at the highest
CAGR

7. • What are the opportunities in the IoT in retail market?
• What is the competitive landscape in the market?
• What are the emerging applications showing the adoption of IoT in retail solutions
in the global market?
• What are the key use cases existing in the market?
• What are the key trends and dynamics existing in the market?
Key Questions Addressed by the Report:

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