North America Connected Retail Solutions Market to Expand at 17.84% CAGR Till 2023
Research On Global Markets has announced the addition of a market research report titled “North America Connected Retail Solutions Market (2018-2023)” to their offering. According to the report, the North America connected retail solutions market is expected to expand at a CAGR of 17.84% during the 2018-2023 period, owing to the rapid adoption of the Internet of Things (IoT), and high penetration of smartphones.
The research report published by Research On Global Markets features a comprehensive analysis of the connected retail solutions market in North America based on application. In terms of application, high Internet penetration rates are resulting in the adoption of IoT, and omnichannel strategies, to integrate customers’ online and offline experiences. It is anticipated that innovations like IoT, AI, and Big Data will drive the growth of the market. During the forecast period, the supply chain management (SCM) segment is expected to experience the highest CAGR of 34.2%. Close on its heels is the customer relationship management (CRM) segment, which is anticipated to expand at a CAGR of 15.30%.
Research On Global Markets tracks the performance of the connected retail solutions market across the key geographies of North America. The United States held the largest market share, accounting for 95.35% of the revenue of the North America connected retail solutions market, in 2018. In the US, mega corporations like Verizon Communications and Microsoft have initiated the era of digital retail, through partnerships and acquisitions, and organic business creation strategies. This will result in the creation of a shared retail ecosystem for customers, as well as retailers. Canada is anticipated to expand at the highest CAGR during the forecast period, owing to high smartphone penetration, and rising disposable income in the region.
Research On Global Markets tracks the performance of the major players operating in the North American connected retail solutions market including Cisco Systems, Verizon Communications, IBM, Intel and Microsoft, among others.
Key highlights of this report:
- North America connected retail solutions market – overview
- North America market revenue (USD Bn)
- Forecasted North America market revenue (USD Bn)
- Country-wise market revenue (USD Bn)
- Market trends
- Market drivers
- Market challenges
- North America connected retail solutions market – Segment Insights
- Analysis of the competitive landscape
This report has been formulated and designed with the purpose of giving businesses a concise understanding of the demand for connected retail solutions in North America to determine the viability of the market, develop strategies based on the drivers, and to help brands identify competition and respond accordingly.