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IoT (Internet of Things) in Retail Market Global Research and Analysis 2024

IoT consists of interconnected computing devices, sensors, objects, people, processes, back-end systems, supply chains and mechanical & digital machines and have unique identifiers which can transmit data over network without the requirement of human-to-computer or human-to-human communication.

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IoT (Internet of Things) in Retail Market Global Research and Analysis 2024

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  1. Premium Insight of IoT (Internet of Things) in Retail Market 2017-2024 : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

  2. Regional Analysis of IoT in Retail Market: • North America dominates the IoT in retail market, owing to a high e-commerce market share and presence of organized retail sector in the regionIn the U.S., retailers are focused on improving supply chain performance by increasingly investing in technologies such as automated inventory verification. • The Asia Pacific IoT in retail market is projected to have a steady growth, owing to rapid technological advancements and fast developing e-commerce industry. • Innovators in the region such as China Unicorn and Jasper are capitalizing on increasing penetration of IoT to deliver mobile payment services and wireless POS in retail. The retailers in Asia Pacific IoT in retail market are implementing IoT to speed up checkout lines and enhance customer experience. For instance, Gain City, a Singapore-based electronics goods supplier uses virtual sales assistants, in combination with video analytics to modify its offerings based on customer preferences.

  3. Application Analysis of IoT in Retail Market: • IoT in retail market applications include digital signage, advertising & marketing, energy optimization, supply chain management, intelligent payment solutions, smart vending machines, real time/streaming analysis, smart shelves & smart doors, resource management, and safety & security.

  4. Competitive Market Share of IoT in Retail Market: • Players operating in the IoT in retail market include IBM Corporation, Microsoft Corporation, Intel Corporation Inc., Cisco Systems Inc., Accenture, PTC Inc., Broadcom, Zebra Technologies, Freescale, Texas Instrument, APM, Telit Wireless Solutions, Sierra Wireless, and Stream Technologies. • The IoT in retail market is highly fragment with small, niche players entering the industry with specialized products and innovative technologies. However, lack of funds or finance rely on bigger players for developing technology platforms. Partnerships & collaborations are some strategies used by industry players to achieve growth and enter newer markets. New product launches are the strategies undertaken by retail giants. For instance, in 2013, Mondelez International launched smart shelves developed by Dell and Panasonic. This state-of-art technology was developed to track customer age, sex, and preference towards Oreo. In addition, Amazon Inc. introduced its Wi-Fi connected device, Dash Button, which lets customers record products of their choice by simply pushing a button.

  5. Browse Full Market Research Report On IoT in Retail Market @ http://bit.ly/2qy8Ucy Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1591

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