The Connected Retail Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Connected Retail Market?
The market size of the Connected Retail Global Market has seen significant growth in the recent past. It is projected to increase from $43.18 billion in 2024 to $51.71 billion in 2025, signifying a compound annual growth rate (CAGR) of 19.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Connected Retail Industry?
The Connected Retail Global Market is projected to reach a market size of $106.76 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 19.9%.
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What are the Key Growth Drivers Fueling the Connected Retail Market?
The key drivers in the connected retail market are:
• The rise of contactless shopping methods
• Adoption of voice commerce technology
• Growing concerns around sustainability
• Integration across various retail channels
Global Market Segmentation: Identifying Major Connected Retail Industry Segments
The connected retail market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Technology: ZigBee, NFC (Near Field Communication), Bluetooth Low Energy, Wi-Fi, Other Technologies
3) By Application: Electronics And Appliances, Home And Personal Care, Food And Beverage, Apparel, Sporting Goods And Toys, Other Applications
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What are the Emerging Trends Shaping the Future of the Connected Retail Market?
The key trends in the connected retail market are:
• The adoption of contactless shopping and voice commerce is shaping the Connected Retail Global Market.
• Cross-channel integration, smart mirrors and fitting rooms are emergent future trends in this sector.
• Internet of Things integration, mobile commerce and payments, and data analytics in conjunction with artificial intelligence are becoming prevalent in this market.
• The introduction of smart shelves and RFID technology, alongside the rise of subscription-based business models, are also influencing future trends in the Connected Retail Global Market.
Who Are the Top Competitors & Leading Players in the Connected Retail Market?
The major players in the connected retail market are:
• Microsoft Corporation
• Zebra Technologies Corporation
• Intel Corporation
• PTC Inc
Regional Dominance: Which Area Leads the Global Connected Retail Market?
North America was the largest region in the connected retail market in 2024
