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A new report, ‘Global Big Data Analytics in Retail Market Size, Reports, and Forecasts 2022-2027’ by Expert Market Research, provides an in-depth analysis of global big data analytics in the retail market and evaluates the market based on its segments. increase. Components, deployments, size of organization, major geographies, etc.
This report tracks the latest developments in the industry and explores their impact on the overall market. It also assesses market dynamics covering key demand and price indicators and analyzes the market based on SWOT and Porter’s his five forces model.
Big data analytics in retail market size, trends, industry reports, key players, key segments and forecasts
Get a free sample report with table of contents – https://www.expertmarketresearch.com/reports/big-data-analytics-in-retail-market/requestsample
Key highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2021): 5,898.3 million
• Forecast CAGR (2022-2027): 23.40%
• Forecast market size (2027): 20,826.8 million
Increasing adoption of cloud-based big data analytics software by retailers to increase profitability, optimize pricing, improve consumer experience and enhance customer retention is driving the market. The surge in data volume due to increased sales of FMCG, consumer electronics, and clean-label branded products is further boosting the demand for big data analytics in the retail sector.
In addition, rising living standards and increasing disposable income contribute to the market growth. Geographically, Asia-Pacific holds a large share of the market due to the presence of a large population base in countries such as India and China coupled with robust development of retail stores, supermarkets and convenience stores.
Big Data Analytics in Retail Industry Definition and Key Segments
Big data analytics in retail is defined as the process of analyzing data about customer sales and shopping histories in order to identify customer behavior, discover customer buying patterns, and improve the quality of customer service. In other words, big data analytics is focused on helping retailers retain and improve customer satisfaction, while also enhancing supply chain management, demand forecasting, and fixed asset management.
Read the full report with table of contents – https://www.expertmarketresearch.com/reports/big-data-analytics-in-retail-market
Based on components, the market can be segmented into:
• Software
• service
Based on deployment, the market can be segmented into:
• on the premises
• Cloud
The market can be segmented based on the size of the organization as follows:
• large company
•Small and medium-sized enterprises
Regional markets for Big Data Analytics in Retail include:
• North America
• Europe
• Asia Pacific
• latin america
• Middle East and Africa
Big Data Analysis in Retail Market Trends
Major trends in big data analytics in the retail market include the emerging e-commerce industry due to the increasing number of digital buyers. Online platforms bring convenience to customers by offering doorstep delivery capabilities. Therefore, this factor is expected to give impetus to big data analytics as it can track shoppers’ purchasing journey which can improve the demand forecasting process.
In addition, major trends in the market include advances in cloud-based analytics software, increasing adoption of smartphones and laptops, and expanding product portfolios of consumer electronics manufacturers. These developments are therefore expected to accelerate the growth of the market during the forecast period.
major market players
Major players in the market are:
Cisco Systems, Inc.
Adobe Inc.
IBM Corporation
Oracle Corporation
SAP SE
others
The report covers market shares, production capacities, factory turnarounds, expansions, investments, mergers and acquisitions, among other latest developments for these market players.
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about us:
Expert Market Research (EMR) is a leading market research firm with clients around the world. Through comprehensive data collection and skillful analysis and interpretation of data, the company can provide clients with extensive, up-to-date and actionable market information, make informed and intelligent decisions, and strengthen their market position. will do so. Our customer base ranges from Fortune 1000 companies to small businesses.
EMR customizes syndicated reports according to client requirements and expectations. The company operates in over 15 prominent industry sectors including food & beverages, chemicals & materials, technology & media, consumer goods, packaging, agriculture and pharmaceuticals.
Over 3,000 EMR consultants and over 100 analysts work hard to ensure that our clients receive only the latest, relevant, accurate and actionable industry information. This enables our clients to develop informed, effective and intelligent business strategies to secure market leadership.
This release was published in openPR.
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