According to Statistics MRC, the Global Retail Analytics Market is accounted for $2.25 billion in 2015 and is expected to reach $7.47 billion by 2022 growing at a CAGR of 18.7% during the forecast period. Continuous developments in Big Data analytics, digitalization and growing trend of customization are some of the major factors driving the market. However, factors such as lack of skilled personnel and technological constraints are hindering the growth of Retail Analytics market.
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Owing to high implementation rate of retail analytics solutions, North America is anticipated to appear as a prominent regional market due to the presence of sophisticated systems and high working capital at the disposal of several retailers in the region. Asia Pacific is expected to be the region with the peak growth due to the rising penetration of online shopping and Social media.
Some of the key players in the global Retail Analytics market are Microsoft Corporation, SAP, IBM, Oracle, SAS Institute, Tableau Software, Adobe Systems, Microstrategy, Computer Sciences Corporation, Qlik, Information Builders, Vitria, GE, Splunk, Experian and Angoss Software.
Functions of Retail Analytics Covered:
- Customer Analytics
- Customer acquisition
- Customer loyalty and retention
- Web analytics
- Demand creation and supply chain analytics
- Inventory Planning
- Demand Forecasting
- Product flow Optimization
- Marketing Analytics
- Marketing Mix
- Brand Reputation
- Channel Optimization
- Merchandizing and Planning
- Store Localization
- Product Pricing and elasticity analysis
- Space Optimization
- Out of stock analysis
- Professional Services
- Support and maintenance
- Mobile Applications
- Reporting & Visualization Tools
- Analytical Tools
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Compressive outline of Retail Analytics market depending on key factors and segmentations such as end users, applications, regions and products is elaborated. Estimated revenue and volume growth of Retail Analytics market over the mentioned forecast period of 2018 to 2023 is also explained in detail. Former and current state of shares of the major key regions are mentioned such that the idea of the best investment region can be drawn out.
This market report is a thorough analysis of the existing situation and the anticipated condition for Retail Analytics Market. Investigation for gathering the content for this report is done in depth and meticulously. Present scenarios, past progress, global recognition and future prospects of Retail Analytics market is offered in this report. Main strategies, market shares, products of the companies and investments in Retail Analytics market is also mentioned in detail. Top manufacturers from all these regions are studied to help give a better picture of the market investment. Production, price, capacity, revenue and many such important data is been discussed with precise data.
In order to give a clear view of Retail Analytics market, competitive landscape has been gauged and mentioned along with value chain analysis. Current and introduced research and development projects has been delivered in this particular report. The major geographical regions which include, North America, Asia Pacific, Europe, the Middle East & Africa and Latin America are studied.
Table of Contents (TOC)
Global Retail Analytics Market Research Report Forecast 2023
Chapter 1:- Retail Analytics Market Overview
Chapter 2:- Economic Impact on Industry
Chapter 3:- Production, Business Opportunities with Potential Analysis
Chapter 4:- Rising Trends and New Technologies with key players
Chapter 5:- Manufacturing Cost Analysis
Chapter 6:- Technology Progress, Development Process and Downstream Buyers
Chapter 7:- Marketing Strategy Analysis, Distributors/Traders
Chapter 8:- Market Share by Key Countries in These Regions
Chapter 9:- Show the Market by Type and Application, With Sales Market Share and Growth Rate
Chapter 10:- Appendix and Data Source
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