The Retail Analytics Software And Services 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 Retail Analytics Software And Services Market?
The market size for retail analytics software and services has expanded quickly in recent times. The market size is predicted to increase from $2.08 billion in 2024 to $2.45 billion in 2025, showing a compound annual growth rate (CAGR) of 18.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Retail Analytics Software And Services Industry?
The Retail Analytics Software And Services Global Market is projected to increase to a value of $4.71 billion by the year 2029, with a compound annual growth rate (CAGR) of 17.7%.
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What are the Key Growth Drivers Fueling the Retail Analytics Software And Services Market?
The key drivers in the retail analytics software and services market are:
• Shift towards cloud-based solutions and advancements in AI and machine learning
• Increasing utilization of Internet of Things (IoT), augmented reality (AR), and virtual reality (VR) in the retail sector
• Adoption of blockchain technology and voice commerce
• Increased use of advanced analytics, predictive analytics, hyper-personalization, and the implementation of unified commerce platforms.
Global Market Segmentation: Identifying Major Retail Analytics Software And Services Industry Segments
The retail analytics software and services market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Application: Merchandising Analysis, Pricing Analysis, Customer Analytics, Promotional Analysis And Planning, Yield Analysis, Inventory Analysis, Other Applications
3) By Distribution Channel: Online, Offline
4) By Organization Size: Large Enterprises, Small And Medium Enterprises
5) By Business Function: Finance, marketing And Sales, Human Resources, Operations
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What are the Emerging Trends Shaping the Future of the Retail Analytics Software And Services Market?
The key trends in the retail analytics software and services market are:
• There is an increased shift towards cloud-based solutions in the retail analytics software and services market.
• The application of artificial intelligence and machine learning technology is becoming a significant trend.
• The market future is being shaped by the use of Internet of Things, augmented and virtual reality, blockchain, and voice commerce.
• Other trends include the adoption of advanced and predictive analytics, hyper-personalization, unified commerce platforms, along with ethical and responsible analytics.
Who Are the Top Competitors & Leading Players in the Retail Analytics Software And Services Market?
Major companies in the retail analytics software and services market are:
• Microsoft Corporation
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Infosys Limited
• Square Inc.
• Wipro Limited
• Dassault Systèmes SE
• Shopify Inc.
• The Sage Group plc
• Lawson Software Inc.
• Epicor Software Corporation
• Zoho Corporation Pvt. Ltd.
• Manhattan Associates Inc.
• Lightspeed POS Inc.
• Kinaxis Inc.
• Retalix Ltd.
• BluJay Solutions LLC
• Retail Pro International LLC
• Logility Inc.
• Fishbowl Inventory LLC
• Brightpearl Limited
• Wasp Barcode Technologies LLC
• Archon Systems Inc.
• HighJump Software Inc.
• Aldata Solutions
• Ordoro Inc.
Regional Dominance: Which Area Leads the Global Retail Analytics Software And Services Market?
North America was the largest region in the retail analytics software and services market in 2024
