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Retail Analytics Market by future Trends, Analysis & Forecast to 2026

According to estimates from a Global Market Insights, Inc. report, global retail analytics market size is poised to exceed $20 billion over 2026.

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Retail Analytics Market by future Trends, Analysis & Forecast to 2026

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  1. Retail Analytics Market size is poised to exceed $20 billion over 2026.

  2. KeyInsights Retail Analytics Market : • Global retail analytics market size is expected to witness significant growth over the forecast spell, owing to the burgeoning presence of ecommerce and online shopping. With more and more businesses moving to the online platform and the rapid emergence of data-intensive solutions, retailers and brands are increasingly adopting retail analytics solutions. • Product penetration is augmented further by the advancements in big data analytics, which help businesses decipher enterprise big data and gain deeper insights into customer buying habits. Furthermore, the platform’s ability to identify and target potential customers, analyze big data and create lucrative merchandising strategies, among others will add impetus to retail analytics industry growth in the years ahead. • According to estimates from a Global Market Insights, Inc. report, global retail analytics market size is poised to exceed $20 billion over 2026. • Paradigm shift in consumer shopping behaviors alongside the proliferation of organized retail are expected to augment retail analytics market outlook considerably. In fact, the customer management segment is anticipated to depict an appreciable CAGR of over 20% through 2026. This growth is largely attributable to the intensifying focus on customer profiling by retailers to enhanced ad targeting and customer loyalty.

  3. Continued… • Retailers can glean in-depth actionable insights from consumer data through customer management. This insight provides the means to develop novel customer loyalty strategies by creating customized and relevant offers, which will in turn propel retail analytics industry share. • To illustrate, Nokia launched an artificial intelligence-based customer management analytics software in March 2018, with index functionality experience. This system aided retailers in deploying real-time query resolution and automated recommendations to cater to customer concerns. • With regards to the solution spectrum, global retail analytics market is categorized into services and software. Of these, the services segment is poised to register a growth rate of over 25% CAGR through 2026. The integration & deployment subsegment is expected to witness significant growth over the estimated timeframe, owing to instances of retailers outsourcing operations related to data analytics to specialist service providers.

  4. Request for a Sample Copy of This Research Report @ https://bit.ly/2uvZqDs Request for customization this report @ https://bit.ly/2PrMWUB

  5. Major Companies In Retail Analytics Market : • 1010Data • Adobe Systems • Angoss Software • Bedrock Analytics Corporation • FLIR Systems • HCL Technologies • IBM Corporation • Information Builders • Microsoft Corporation • MicroStrategy Incorporated • Oracle Corporation • Qlik Technologies • Salesforce.com • SAP SE • SAS Institute • Tableau Software • Teradata Corporation • TIBCO Software

  6. Regional Retail Analytics Market : • On the regional front, Europe retail analytics market share is expected to record growth at a rate of over 20% through 2026, due to evolving customer preferences, supply chain inconsistencies, surging retail AI investments, etc. European retailers are extremely technologically savvy and show great propensity towards adopting novel analytical tools in order to expand their business outlook. • To illustrate, Symphony Retail AI and German hypermarket chain Globus joined hands in August 2018, to improve their customers’ online shopping experience. This alliance provided support to Globus’s efforts to enhance its multichannel logistics process, in turn cutting down on product delivery times.

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