In-store analytics market to surpass $18.2 billion by 2032 with IoT technologies driving growth.

From GlobeNewswire: 2024-11-26 07:00:00

The in-store analytics market is set to reach USD 18.2 billion by 2032, driven by IoT technologies like RFID tags and smart shelves, providing real-time insights for retailers. Efficient inventory management demands are increasing, leading to a surge in software solutions that integrate seamlessly with existing retail systems, with a projected revenue share of over USD 12 billion by 2032. Retailers in the U.S. are using AI-driven predictive analytics to refine inventory management, optimizing stock levels and reducing waste, accounting for over 75% of total revenue in 2023. Cloud-based deployment models are gaining popularity, projected to exceed USD 13 billion by 2032 due to their scalability and cost-effectiveness, offering flexibility for retailers to adapt analytics capacity to meet demand changes.



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