Retail Analytics Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024
Category: #reports  By Ashwin Naphade  Date: 2019-01-23
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Retail Analytics Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2024

Global Retail Analytics market report added by MarketstudyReport.com is one of the most comprehensive research studies on Retail Analytics offering 133 data tables, 26 figures, covering 17 companies and regional outlook for 16 countries on segments covered in this report.

The report extensively bifurcates the various contenders of global Retail Analytics market. Prominent contributors such as 1010Data, Adobe Systems Incorporated, Angoss Software, Bedrock Analytics Corporation, Brickstream Corp, HCL, IBM, Information Builders, Microsoft Corporation, Microstrategy Incorporated, Oracle Corporation, Qlik Technologies, Inc, Salesforce.com, Inc, SAP, SAS Institute, Tableau Software, Inc, Teradata have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

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Retail Analytics Market size is set to exceed USD 13 billion by 2024; according to a new research report.

Meticulously analyzed in terms of pivotal industry segments, global Retail Analytics market report effectively covers the scope of this space in terms By Function, By Solution, By Deployment Mode and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

The Asia Pacific retail analytics market is expected to witness significant growth during the forecast timeframe, owing to the expansion of organized retail sector. In India, the exponential increase of e-commerce industry size and smartphones to buy consumer goods has prompted the need for data-driven business intelligence solutions. This has attracted big players such as HCL and IBM, in addition to the emergence of regional players including Manthan Systems, BRIDGEi2i Analytics Solutions, and Fractal Analytics.

Growing demand for customized products and constantly changing consumer requirements is expected to drive the supply chain analytics software demand. Lack of inventory space has compelled retailers gather insights from the supply chain data to optimize operations and reduce costs. Reporting and visualization tools are anticipated to witness increase in demand, owing to the growing need to analyze data in an easy-to-read format in lesser time. Smart visual insights and implementation artificial intelligent dramatically reduces the time to insight and arrive at decision. Companies are inclined towards developing such tools that make data access and visualization easy contributing towards the retail analytics market growth.

The demand for on-premise solutions is expected to gain momentum from the small and unorganized retailers which is expected to drive the retail analytics market. These solutions are ideal for the organization with limited customer foot-fall and limited geographical presence. Increasing competition among the solution providers has compelled them to introduce customized on-premise solutions that cater to specific demands of the retailers.

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The retail analytics market is expected to grow at a significant rate, owing to the emerging e-commerce trend across the retail sector. The new generation of highly informed and demanding customers are encouraging the retailers to adopt technologies that will satisfy the evolving demands. The inclination of retailers to implement technologically advanced and intelligent solutions to attract new customers, retain old customers, and improve profit margins is expected to drive the retail analytics market growth.

Growth in demand for easy-to-use and easy-to-decipher solutions are compelling companies to implement modern technologies such as machine learning in the analytics software. The trend of extraction of consumer data from e-commerce portals and social networking websites to gather insights is expected to bode well for the retail analytics market, owing to the increasing internet penetration.

Lack of privacy of customer data is expected to challenge the retail analytics market growth over the forecast timeline. Increasing use of data from social media platforms to map customer habits and shopping behaviors are expected to remain a major area of concern. High initial costs of implementing the software will further hamper the adoption in the retail sector. However, emerging startups that provide specialized solutions at lower prices are expected to expand market to small retailers.

Table of Content:

Chapter 1.    Methodology and Scope

Chapter 2.  Executive Summary

Chapter 3. Retail Analytics Industry Insights

Chapter 4. Retail Analytics Market, By Function

Chapter 5. Retail Analytics Market, By Solution

Chapter 6. Retail Analytics Market, By Deployment Mode

Chapter 7. Retail Analytics Market, By Region

Chapter 8. Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/retail-analytics-market

Related Report:

Global Retail Analytics Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023

Retail analytics is the process of providing analytical data on inventory levels, supply chain movement, consumer demand, sales, etc. that are crucial for making marketing, and procurement decisions. The analytics on demand and supply data can be used for maintaining procurement level and also for taking marketing decisions. Retail analytics gives us detailed customer insights along with insights into the business and processes of the organisation with scope and need for improvement. The market in North America is expected to hold the largest market share, whereas the APAC region is projected to provide significant opportunities in this market and expected to grow at the highest CAGR during the forecast period. The global Retail Analytics market is valued at xx million  in 2017 and is expected to reach xx million  by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.

https://www.marketstudyreport.com/reports/global-retail-analytics-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023?utm_source=RR-AN

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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