ReportsWeb.com
added “Retail Analytics Market
- Global Trends, 2017 Analysis and 2025 Forecasts” report to its research
database. This
Report is spread across 150 Pages and Supported by 5 Company Leaders.
The retail analytics market has been experiencing good market
growth by imitating good relationship with customers, which has resulted in
increased competitive advantage and growth benefits. Due to digitization and
technological awareness among customers, it make it easy for them to purchase
through variety of options and save time associated. The velocity, variety and
bulk volume of big data is projected to have a notable effect on retail
analytics market. With big data analytics, companies are capable to generate meaningful
visions and information that facilitates in revenue generation and acquiring
untapped market.
Introduction of big data has improvised the way retail sector used
to function, also it has increased the online shopping rate and utilization of
social media, and exponential usage of smart phones in online shopping are some
of the major factors driving the market. Several retailers have successfully
implemented and are harnessing the benefits provided by various social media
platforms that have turned out to be better in terms of understanding
customers' needs, loyalty, feedback and brand perception. Also rising demand of
retail analytics in management of inventory and planning and monitoring the
customer purchasing traits are some additional factors that would emphatically
impact the growth of market growth. The retail analytics market also faces some
drawbacks due to the deficiency of skilled employees, who are inefficient to
derive the required knowledge from retail data. Because of its ability to optimize
retail functions and improvise customer relationship management several
subsectors of retail industry are expected to adopt the technology also,
emergence for security in retail leading to reduction in shrinkage would
generate new opportunities for retail analytics market
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The retail analytics market is segregated on the basis of
solution, service, business function, deployment model and region. Solutions
are divided into data management software, analytical tools, mobile
applications and reporting & visualization tools. On based on business
function, the market is segmented into marketing & customer analytics,
merchandising & in-store analytics, supply chain analytics and Strategy
& Planning. On the basis of deployment model, the market can be divided
into cloud deployment and on-premise deployment. The service segmentation
includes consulting & system integration and support & maintenance. The
global retail analytics market is further bifurcated into regions by North
America, Europe, South America, Middle East & Africa and APAC.
Global Retail
Analytics Market Players:
Oracle
Corporation
Adobe
System
IBM
Corporation
SAP AG
SAS
Institute
Retail analytics is expected to provide its customers with
personalized services that would specifically be helpful to the banking
sectors, as banks can utilize the business intelligence and customer
information to provide with effective solutions based on the financial needs of
each individual account holder. North America is projected to emerge as a
noticeable regional market due to high deployment rate of analytics solutions
on account of urbane systems and obtainability of high working capital at the
clearance of several retailers in a province. Retail analytics acceptance rate
is rising in Asia Pacific, Europe, South America and Africa due to increasing
awareness intending to digitalization. APAC is expected to see high growth in
next few year.
Complete
Report is Available http://www.reportsweb.com/retail-analytics-market-to-2025
Key
questions answered in this report
- What will the market size be in 2025 and what will the growth
rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key
vendors?
- What are the strengths and weaknesses of the key vendors?
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