The North America Internet of Things (IoT) in Retail Market would witness market growth of 22.3% CAGR during the forecast period (2021-2027).
The presence of digital and in-store operations in the retail industry is supporting the growth of the IoT in the retail market. IoT is estimated to restore the retail sector, changing the conventional physical stores into advanced digital stores. This technology offers a competitive edge to the retailers by providing smart shelves and RFID tags, which identify low inventory and monitor the movement of the goods. With the adoption of IoT technology, retailers get effective management of in-store operations and deliver an enhanced shopping experience to their consumers.
Smart shelf technology was broadly launched to the retail sector when Kroger, the supermarket chain with the largest revenue share in the US, examined approx. 2,000 smart shelves in 2016. When a stocker comes to the shop with their digital shopping list on their smartphone, the cell phone would vibrate in case a required product is on the shelf or nearby it. To improve the visibility, a shelf in requirement of more merchandise would light up. These smart shelves have three mutual components, which have an RFID tag, an antenna, and an RFID reader. A microchip on a tag is moved by using an antenna to an IoT platform where it’s handled by a reader. These gathered data by smart shelves at the daytime would be later transferred with a store manager to offer customer-related insights.
The high adoption of advanced technologies, solutions, and systems in North America is one of the major driving factors for the regional Internet of Things in the retail market. In addition, the presence of key players in this market is also supporting the growth of the market. Companies like Microsoft and Intel are introducing various capabilities to the retailers, which would encourage them to adopt IoT in their stores.
However, the shifting preference of the people towards online platforms or e-commerce is estimated to hinder the growth of the Internet of Things in the retail market during the forecast period. These factors are together working to accelerate the Internet of Things in the retail market during the forecast period.
The US in the North America Internet of Things (IoT) in Retail Software Market by Country would achieve a market value of $13,168.8 million by 2027. The Canada market is experiencing a CAGR of 27.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 26% during (2021 - 2027).
Based on Component, the market is segmented into Hardware and Software. Hardware Segment is further bifurcated across RFID Tags, Sensors, Beacons and Others. Based on Technology, the market is segmented into Near field communication, Bluetooth Low Energy, ZigBee and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Internet of Things (IoT) in Retail Market is Estimated to Reach USD 150.1 Billion by 2027 at a CAGR of 24.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, PTC, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Amazon.com, Inc., SAP SE, Software AG, Google, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- RFID Tags
- Sensors
- Beacons
- Others
- Software
By Technology
- Near field communication
- Bluetooth Low Energy
- ZigBee
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- PTC, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- com, Inc.
- SAP SE
- Software AG
- Google, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Internet of Things (IoT) in Retail Market, by Component
1.4.2 North America Internet of Things (IoT) in Retail Market, by Technology
1.4.3 North America Internet of Things (IoT) in Retail Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jan – 2021, Jan) Leading Players
Chapter 4. North America Internet of Things (IoT) in Retail Market by Component
4.1 North America Internet of Things (IoT) in Retail Hardware Market by Country
4.2 North America Internet of Things (IoT) in Retail Market by Hardware Type
4.2.1 North America Internet of Things (IoT) in Retail RFID Tags Market by Country
4.2.2 North America Internet of Things (IoT) in Retail Sensors Market by Country
4.2.3 North America Internet of Things (IoT) in Retail Beacons Market by Country
4.2.4 North America Other Hardware Type Internet of Things (IoT) in Retail Market by Country
4.3 North America Internet of Things (IoT) in Retail Software Market by Country
Chapter 5. North America Internet of Things (IoT) in Retail Market by Technology
5.1 North America Near field communication Internet of Things (IoT) in Retail Market by Country
5.2 North America Bluetooth Low Energy Internet of Things (IoT) in Retail Market by Country
5.3 North America ZigBee Internet of Things (IoT) in Retail Market by Country
5.4 North America Others Internet of Things (IoT) in Retail Market by Country
Chapter 6. North America Internet of Things (IoT) in Retail Market by Country
6.1 US Internet of Things (IoT) in Retail Market
6.1.1 US Internet of Things (IoT) in Retail Market by Component
6.1.1.1 US Internet of Things (IoT) in Retail Market by Hardware Type
6.1.2 US Internet of Things (IoT) in Retail Market by Technology
6.2 Canada Internet of Things (IoT) in Retail Market
6.2.1 Canada Internet of Things (IoT) in Retail Market by Component
6.2.1.1 Canada Internet of Things (IoT) in Retail Market by Hardware Type
6.2.2 Canada Internet of Things (IoT) in Retail Market by Technology
6.3 Mexico Internet of Things (IoT) in Retail Market
6.3.1 Mexico Internet of Things (IoT) in Retail Market by Component
6.3.1.1 Mexico Internet of Things (IoT) in Retail Market by Hardware Type
6.3.2 Mexico Internet of Things (IoT) in Retail Market by Technology
6.4 Rest of North America Internet of Things (IoT) in Retail Market
6.4.1 Rest of North America Internet of Things (IoT) in Retail Market by Component
6.4.1.1 Rest of North America Internet of Things (IoT) in Retail Market by Hardware Type
6.4.2 Rest of North America Internet of Things (IoT) in Retail Market by Technology
Chapter 7. Company Profiles
7.1 Cisco Systems, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 IBM Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Intel Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Microsoft Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 PTC, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Product Launches and Product Expansions:
7.6 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Amazon.com, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 SWOT Analysis
7.8 SAP SE
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Product Launches and Product Expansions:
7.8.5.3 Geographical Expansions:
7.8.6 SWOT Analysis
7.9 Software AG
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Acquisition and Mergers:
7.10. Google, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
7.10.6 SWOT Analysis
TABLE 1 North America Internet of Things (IoT) in Retail Market, 2017 - 2020, USD Million
TABLE 2 North America Internet of Things (IoT) in Retail Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Internet Of Things in Retail Market
TABLE 4 Product Launches And Product Expansions– Internet Of Things in Retail Market
TABLE 5 1.2.3 Geographical Expansions– Internet Of Things in Retail Market
TABLE 6 Acquisition and Mergers– Internet Of Things in Retail Market
TABLE 7 North America Internet of Things (IoT) in Retail Market by Component, 2017 - 2020, USD Million
TABLE 8 North America Internet of Things (IoT) in Retail Market by Component, 2021 - 2027, USD Million
TABLE 9 North America Internet of Things (IoT) in Retail Hardware Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Internet of Things (IoT) in Retail Hardware Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Internet of Things (IoT) in Retail Market by Hardware Type, 2017 - 2020, USD Million
TABLE 12 North America Internet of Things (IoT) in Retail Market by Hardware Type, 2021 - 2027, USD Million
TABLE 13 North America Internet of Things (IoT) in Retail RFID Tags Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Internet of Things (IoT) in Retail RFID Tags Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Internet of Things (IoT) in Retail Sensors Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Internet of Things (IoT) in Retail Sensors Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Internet of Things (IoT) in Retail Beacons Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Internet of Things (IoT) in Retail Beacons Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Other Hardware Type Internet of Things (IoT) in Retail Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Other Hardware Type Internet of Things (IoT) in Retail Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Internet of Things (IoT) in Retail Software Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Internet of Things (IoT) in Retail Software Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Internet of Things (IoT) in Retail Market by Technology, 2017 - 2020, USD Million
TABLE 24 North America Internet of Things (IoT) in Retail Market by Technology, 2021 - 2027, USD Million
TABLE 25 North America Near field communication Internet of Things (IoT) in Retail Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Near field communication Internet of Things (IoT) in Retail Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Bluetooth Low Energy Internet of Things (IoT) in Retail Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Bluetooth Low Energy Internet of Things (IoT) in Retail Market by Country, 2021 - 2027, USD Million
TABLE 29 North America ZigBee Internet of Things (IoT) in Retail Market by Country, 2017 - 2020, USD Million
TABLE 30 North America ZigBee Internet of Things (IoT) in Retail Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Others Internet of Things (IoT) in Retail Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Others Internet of Things (IoT) in Retail Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Internet of Things (IoT) in Retail Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Internet of Things (IoT) in Retail Market by Country, 2021 - 2027, USD Million
TABLE 35 US Internet of Things (IoT) in Retail Market, 2017 - 2020, USD Million
TABLE 36 US Internet of Things (IoT) in Retail Market, 2021 - 2027, USD Million
TABLE 37 US Internet of Things (IoT) in Retail Market by Component, 2017 - 2020, USD Million
TABLE 38 US Internet of Things (IoT) in Retail Market by Component, 2021 - 2027, USD Million
TABLE 39 US Internet of Things (IoT) in Retail Market by Hardware Type, 2017 - 2020, USD Million
TABLE 40 US Internet of Things (IoT) in Retail Market by Hardware Type, 2021 - 2027, USD Million
TABLE 41 US Internet of Things (IoT) in Retail Market by Technology, 2017 - 2020, USD Million
TABLE 42 US Internet of Things (IoT) in Retail Market by Technology, 2021 - 2027, USD Million
TABLE 43 Canada Internet of Things (IoT) in Retail Market, 2017 - 2020, USD Million
TABLE 44 Canada Internet of Things (IoT) in Retail Market, 2021 - 2027, USD Million
TABLE 45 Canada Internet of Things (IoT) in Retail Market by Component, 2017 - 2020, USD Million
TABLE 46 Canada Internet of Things (IoT) in Retail Market by Component, 2021 - 2027, USD Million
TABLE 47 Canada Internet of Things (IoT) in Retail Market by Hardware Type, 2017 - 2020, USD Million
TABLE 48 Canada Internet of Things (IoT) in Retail Market by Hardware Type, 2021 - 2027, USD Million
TABLE 49 Canada Internet of Things (IoT) in Retail Market by Technology, 2017 - 2020, USD Million
TABLE 50 Canada Internet of Things (IoT) in Retail Market by Technology, 2021 - 2027, USD Million
TABLE 51 Mexico Internet of Things (IoT) in Retail Market, 2017 - 2020, USD Million
TABLE 52 Mexico Internet of Things (IoT) in Retail Market, 2021 - 2027, USD Million
TABLE 53 Mexico Internet of Things (IoT) in Retail Market by Component, 2017 - 2020, USD Million
TABLE 54 Mexico Internet of Things (IoT) in Retail Market by Component, 2021 - 2027, USD Million
TABLE 55 Mexico Internet of Things (IoT) in Retail Market by Hardware Type, 2017 - 2020, USD Million
TABLE 56 Mexico Internet of Things (IoT) in Retail Market by Hardware Type, 2021 - 2027, USD Million
TABLE 57 Mexico Internet of Things (IoT) in Retail Market by Technology, 2017 - 2020, USD Million
TABLE 58 Mexico Internet of Things (IoT) in Retail Market by Technology, 2021 - 2027, USD Million
TABLE 59 Rest of North America Internet of Things (IoT) in Retail Market, 2017 - 2020, USD Million
TABLE 60 Rest of North America Internet of Things (IoT) in Retail Market, 2021 - 2027, USD Million
TABLE 61 Rest of North America Internet of Things (IoT) in Retail Market by Component, 2017 - 2020, USD Million
TABLE 62 Rest of North America Internet of Things (IoT) in Retail Market by Component, 2021 - 2027, USD Million
TABLE 63 Rest of North America Internet of Things (IoT) in Retail Market by Hardware Type, 2017 - 2020, USD Million
TABLE 64 Rest of North America Internet of Things (IoT) in Retail Market by Hardware Type, 2021 - 2027, USD Million
TABLE 65 Rest of North America Internet of Things (IoT) in Retail Market by Technology, 2017 - 2020, USD Million
TABLE 66 Rest of North America Internet of Things (IoT) in Retail Market by Technology, 2021 - 2027, USD Million
TABLE 67 Key Information – Cisco Systems, Inc.
TABLE 68 Key information – IBM Corporation
TABLE 69 Key Information – Intel Corporation
TABLE 70 key information – Microsoft Corporation
TABLE 71 key Information – PTC, Inc.
TABLE 72 key information – Huawei Technologies Co., Ltd.
TABLE 73 Key Information – Amazon.com, Inc.
TABLE 74 Key Information – SAP SE
TABLE 75 key information – Software AG
TABLE 76 Key Information – Google, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jan – 2021, Jan) Leading Players
FIG 5 SWOT Analysis: Cisco Systems, Inc.
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 SWOT analysis: Intel corporation
FIG 9 Recent strategies and developments: Microsoft Corporation
FIG 10 SWOT Analysis: Microsoft Corporation
FIG 11 Recent strategies and developments: PTC, Inc.
FIG 12 SWOT analysis: Amazon.com, Inc.
FIG 13 Recent strategies and developments: SAP SE
FIG 14 SWOT Analysis: SAP SE
FIG 15 Recent strategies and developments: Software AG
FIG 16 SWOT Analysis: Alphabet Inc. (Google Inc.)