The IoT in 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 IoT in Retail Market?
The market size for IoT in retail has seen swift expansion of late. In 2024, it was valued at $39.52 billion and is estimated to reach $46.77 billion in 2025, representing a CAGR of 18.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the IoT in Retail Industry?
The market size for IoT in Retail is projected to reach $93.77 billion in 2029, with a compound annual growth rate (CAGR) of 19.0%.
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What are the Key Growth Drivers Fueling the IoT in Retail Market?
The key drivers in the iot in retail market are:
• Integration of data analytics and artificial intelligence
• Adoption of edge computing in retail industries
• Increasing consumer use of IoT devices
• Expansion of omnichannel retailing and cybersecurity measures
Global Market Segmentation: Identifying Major IoT in Retail Industry Segments
The IoT in retail market covered in this report is segmented –
1) By Offering: Solution, Service
2) By Type: Beacons, RFID Tags, Sensors, Wearables, Other Types
3) By Technology: Bluetooth Low Energy, Near field Communication, ZigBee, Other Technologies
4) By Deployment Mode: On-Premise, Cloud
5) By Application: Supply Chain Operations Management, Customer Management, Sales And Customer Management, Asset Management, Other Applications
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What are the Emerging Trends Shaping the Future of the IoT in Retail Market?
The key trends in the iot in retail market are:
• Trend towards supply chain visibility and transparency within the IoT in retail industry.
• Implementation of smart shelves and product monitoring systems is a growing trend.
• Enhancing security and loss prevention is an emerging trend shaping the future of IoT in retail.
• The increased use of in-store analytics and foot traffic monitoring, and implementation of contactless payment and checkout systems are upcoming market trends.
Who Are the Top Competitors & Leading Players in the IoT in Retail Market?
Major companies in the iot in retail market are:
• ARM Limited
• Cisco Systems Inc.
• Alphabet Inc.
• IBM Corporation
• Impinj Corporation
• Intel Corporation
• Microsoft Corporation
• PTC Inc.
• RetailNext Inc.
• SAP SE
• Softweb Solutions Inc.
• Zebra Technologies Corporation
• Huawei Technologies Company Limited
• Amazon Web Services Inc.
• Software AG
• Bosch Software Innovations GmbH
• NEC Corporation
• Oracle Corporation
• Vodafone Group Plc.
• Allergen Technologies Private Limited
• Sierra Wireless Inc.
• Happiest Minds Technologies Limited
• Losant IoT inc.
• NXP Semiconductors N.V.
• Verizon Communications Inc.
• Microchip Technology Incorporated
• Bsquare Corporation
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the IoT in retail market in 2024
