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(Wireless-NewsWire.Com, September 19, 2018 ) According to Verified Market Intelligence, the Global Smart Retail Market is projected to reach 54.16 billion by 2025 from an estimated value of 9.97 billion in 2017, growing at a CAGR of 23.59% from 2018 to 2025.
Smart Retail can be defined as an incorporation of big data analytics and internet of things (IoT) for retail purpose. This makes the various processes easy such as billing, ticketing, etc. The data analytics helps in keeping a track of all the past records in a much convenient manner while cloud computing solutions can help in accessing the data remotely. This is of a great importance for the distribution channels with the high rate of income in order to manage their sales. Smart Retail also helps in providing services which are usually just a click away, especially through smartphones.
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Growing usage of smartphone and tablets along with decreasing cost of electronic gadgets have been majorly driving the global smart retail market. Other than this, data security concerns and a threat from cybersecurity risks could hamper the overall growth rate of the market at a global level.
The “Global SMART RETAIL Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Intel, IBM, Nvidia, Samsung Electronics, Microsoft, Google, PTC, Amazon, NXP Semiconductors, Cisco Systems, Texas Instruments, STMicroelectronics, Honeywell and Bosch Group. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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