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North America Retail Analytics Market - Industry Trends and Forecast to 2028

ICT

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North America Retail Analytics Market - Industry Trends and Forecast to 2028

  • ICT
  • Published Report
  • Jan 2021
  • North America
  • 350 Pages
  • No of Tables: 94
  • No of Figures: 28

North America Retail Analytics Market, By Offering (Software and Services), Deployment Model (Cloud and On-Premises), Organization Size (Large Enterprises and Small and Medium Enterprises (SMES)), Business Functionality (Sales and Marketing, Supply Chain, Finance, Operations, Procurement, Human Resource), Application (Customer Management, Inventory Analysis, Yield Analysis, Order and Fulfilment Management, Merchandising Analysis, Performance Analysis, Pricing Analysis, Cluster Planning and Transportation Management and Others), End User (Offline and Online (E-Commerce)), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028

North America Retail Analytics MarketMarket Analysis and Insights: North America Retail Analytics Market

North America Retail analytics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 20.3% in the forecast period of 2021 to 2028 and expected to reach USD 11,893.29 million by 2028.

Retail analytics is the process of providing analytical tools in the retail industry to provide analysis of business trends, patterns and performance. Retail business analytics allow retailers to leverage data-driven insight from business and customers to improve the consumer experience, increase sales and optimize business operation. Retail analytics is the tool for providing analytical data on inventory levels, consumer demand, supply chain movement, sales and others which are crucial for taking marketing and procurement decisions.

The retailers need to digitize and centralize their services to sustain in the digitally evolving market to provide better experience for the customer thus acting as major driver for the retail analytics market. For unorganized retail sector, retail analytics is a significant problem due to high costs and technological requirements which leads to low adoption rate and thus is restraining the retail analytics market growth.

Retail businesses seeing growth from integrating cloud services to their retail analytics to reduce operation infrastructure costs, provide real-time access to inventory, improve security and to provide enhanced customer experience which increases the adoption rate of cloud services amongst the retailers and creates an opportunity for the retail analytics market growth. The retail industry faces huge legal concerns and data privacy issues due to increasing data breaches and awareness of consumers which is acting as a challenge for the retail analytics market growth.

This retail analytics market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

North America Retail Analytics MarketRetail Analytics Market Scope and Market Size

The retail analytics market is segmented on the basis of offering, deployment model, organization size, business functionality, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of offering, the retail analytics market is segmented into software and services. Software held largest share in the market in 2021. This is mainly due to surging demand for retail analytics software for purposes areas such as inventory analysis, customer management, point of sale, and others.
  • On the basis of deployment model, the retail analytics market is segmented into cloud and on-premises. In 2021, cloud segment held larger share due to the shift towards digital transformation and growing demand for huge storage capacity.
  • On the basis of organization size, the retail analytics market is segmented into large enterprises and small and medium enterprises (SMES). In 2021, large enterprises segment held larger share due to increasing adoption of analytics software by large organizations for several application areas such as merchandising analysis, sales forecasting among others.
  • On the basis of business functionality, the retail analytics market is segmented into sales and marketing, supply chain, finance, operations, procurement and human resource. In 2021, sales and marketing segment held the largest share due to actionable insights provided by the retail analytics software which further supports in increased sales for the company and improved decision making.
  • On the basis of application, the retail analytics market is segmented into customer management, merchandising analysis, inventory analysis, performance analysis, pricing analysis, yield analysis, order and fulfilment management, cluster planning and transportation management and others. In 2021, customer management segment held the largest share due to effectively managing interaction with past and potential customers and gaining valuable insights for enhanced customer experience.
  • On the basis of end user, the retail analytics market is segmented into offline and online (e-commerce). In 2021, offline segment held larger market share owing to factors such as increasing demand for personalized shopping, tracking of product sales, surging adoption of digital media and streamline operations.

North America Retail Analytics Market Country Level Analysis

North America retail analytics market is analysed and market size information is provided by country, offering, deployment model, organization size, business functionality, application and end user as referenced above.

The U.S. accounted for maximum share in the retail analytics market, due to presence of large number of physical retail stores, focus on integration of next-generation technologies, changing consumer behaviour, and increasing investments in retail analytics.

The country section of the retail analytics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Diffusion of Big Data in Retail Industry

The retail analytics market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the retail analytics market. The data is available for historic year 2011 to 2019.

Competitive Landscape and Retail Analytics Market Share Analysis

The retail analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to retail analytics market.

Some of the major players operating in the retail analytics market are IBM Corporation, HCL Technologies Limited, SAP SE, Wipro Limited, Oracle, SAS Institute Inc., QlikTech International AB, Teradata, Retail Solutions, Inc., TABLEAU SOFTWARE, LLC, A SALESFORCE COMPANY, 1010data, Inc., TIBCO Software Inc., Microsoft, Happiest Minds, Adobe, FLIR Systems, Inc., MICROSTRATEGY INCORPORATED, RetailNext, Inc., Fractal Analytics Inc. and ALTERYX, INC. and among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

For instance,

  • In October 2020, TIBCO Software Inc. announced agreement to acquire Information Builders, Inc. which is a data and analytics software company. Through this acquisition, the company will augment TIBCO’s Connected Intelligence platform with the company’s data management and analytics capabilities to more deeply address customer’s needs. This will help the company to enhance their presence and better meet consumers demand.

Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for retail analytics market through expanded product range.


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LIST OF TABLES

TABLE 1 NORTH AMERICA RETAIL ANALYTICS MARKET, BY OFFERING, MARKET FORECAST 2021-2028 (USD MILLION)

TABLE 2 NORTH AMERICA SOFTWARE IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 3 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 4 NORTH AMERICA RETAIL ANALYTICS MARKET, BY DEPLOYMENT MODEL, MARKET FORECAST 2021-2028 (USD MILLION)

TABLE 5 NORTH AMERICA SOFTWARE IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 6 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 7 NORTH AMERICA RETAIL ANALYTICS MARKET, BY ORGANIZATION SIZE, MARKET FORECAST 2021-2028 (USD MILLION)

TABLE 8 NORTH AMERICA SOFTWARE IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 9 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 10 NORTH AMERICA RETAIL ANALYTICS MARKET, BY BUSINESS FUNCTIONALITY, MARKET FORECAST 2021-2028 (USD MILLION)

TABLE 11 NORTH AMERICA SOFTWARE IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 12 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 13 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 14 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 15 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 16 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 17 NORTH AMERICA RETAIL ANALYTICS MARKET, BY APPLICATION, MARKET FORECAST 2021-2028 (USD MILLION)

TABLE 18 NORTH AMERICA SOFTWARE IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 19 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 20 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 21 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 22 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 23 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 24 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 25 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 26 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 27 NORTH AMERICA RETAIL ANALYTICS MARKET, BY END USER, MARKET FORECAST 2021-2028 (USD MILLION)

TABLE 28 NORTH AMERICA SOFTWARE IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 29 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY REGION,2021-2028, (USD MILLION)

TABLE 30 NORTH AMERICA RETAIL ANALYTICS MARKET, BY COUNTRY, 2019-2028 (USD MILLION)

TABLE 31 NORTH AMERICA RETAIL ANALYTICS MARKET, BY OFFERING, 2019-2028 (USD MILLION)

TABLE 32 NORTH AMERICA SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 33 NORTH AMERICA PROFESSIONAL SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 34 NORTH AMERICA RETAIL ANALYTICS MARKET, BY DEPLOYMENT MODEL, 2019-2028 (USD MILLION)

TABLE 35 NORTH AMERICA RETAIL ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019-2028 (USD MILLION)

TABLE 36 NORTH AMERICA RETAIL ANALYTICS MARKET, BY BUSINESS FUNCTIONALITY, 2019-2028 (USD MILLION)

TABLE 37 NORTH AMERICA RETAIL ANALYTICS MARKET, BY APPLICATION, 2019-2028 (USD MILLION)

TABLE 38 NORTH AMERICA CUSTOMER MANAGEMENT IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 39 NORTH AMERICA MERCHANDISING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 40 NORTH AMERICA INVENTORY ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 41 NORTH AMERICA PERFORMANCE ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 42 NORTH AMERICA PRICING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 43 NORTH AMERICA YIELD ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 44 NORTH AMERICA RETAIL ANALYTICS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 45 NORTH AMERICA OFFLINE IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 46 NORTH AMERICA ONLINE IN RETAIL ANALYTICS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

TABLE 47 U.S. RETAIL ANALYTICS MARKET, BY OFFERING, 2019-2028 (USD MILLION)

TABLE 48 U.S. SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 49 U.S. PROFESSIONAL SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 50 U.S. RETAIL ANALYTICS MARKET, BY DEPLOYMENT MODEL, 2019-2028 (USD MILLION)

TABLE 51 U.S. RETAIL ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019-2028 (USD MILLION)

TABLE 52 U.S. RETAIL ANALYTICS MARKET, BY BUSINESS FUNCTIONALITY, 2019-2028 (USD MILLION)

TABLE 53 U.S. RETAIL ANALYTICS MARKET, BY APPLICATION, 2019-2028 (USD MILLION)

TABLE 54 U.S. CUSTOMER MANAGEMENT IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 55 U.S. MERCHANDISING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 56 U.S. INVENTORY ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 57 U.S. PERFORMANCE ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 58 U.S. PRICING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 59 U.S. YIELD ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 60 U.S. RETAIL ANALYTICS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 61 U.S. OFFLINE IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 62 U.S. ONLINE IN RETAIL ANALYTICS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

TABLE 63 CANADA RETAIL ANALYTICS MARKET, BY OFFERING, 2019-2028 (USD MILLION)

TABLE 64 CANADA SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 65 CANADA PROFESSIONAL SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 66 CANADA RETAIL ANALYTICS MARKET, BY DEPLOYMENT MODEL, 2019-2028 (USD MILLION)

TABLE 67 CANADA RETAIL ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019-2028 (USD MILLION)

TABLE 68 CANADA RETAIL ANALYTICS MARKET, BY BUSINESS FUNCTIONALITY, 2019-2028 (USD MILLION)

TABLE 69 CANADA RETAIL ANALYTICS MARKET, BY APPLICATION, 2019-2028 (USD MILLION)

TABLE 70 CANADA CUSTOMER MANAGEMENT IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 71 CANADA MERCHANDISING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 72 CANADA INVENTORY ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 73 CANADA PERFORMANCE ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 74 CANADA PRICING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 75 CANADA YIELD ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 76 CANADA RETAIL ANALYTICS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 77 CANADA OFFLINE IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 78 CANADA ONLINE IN RETAIL ANALYTICS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

TABLE 79 MEXICO RETAIL ANALYTICS MARKET, BY OFFERING, 2019-2028 (USD MILLION)

TABLE 80 MEXICO SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 81 MEXICO PROFESSIONAL SERVICES IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 82 MEXICO RETAIL ANALYTICS MARKET, BY DEPLOYMENT MODEL, 2019-2028 (USD MILLION)

TABLE 83 MEXICO RETAIL ANALYTICS MARKET, BY ORGANIZATION SIZE, 2019-2028 (USD MILLION)

TABLE 84 MEXICO RETAIL ANALYTICS MARKET, BY BUSINESS FUNCTIONALITY, 2019-2028 (USD MILLION)

TABLE 85 MEXICO RETAIL ANALYTICS MARKET, BY APPLICATION, 2019-2028 (USD MILLION)

TABLE 86 MEXICO CUSTOMER MANAGEMENT IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 87 MEXICO MERCHANDISING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 88 MEXICO INVENTORY ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 89 MEXICO PERFORMANCE ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 90 MEXICO PRICING ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 91 MEXICO YIELD ANALYSIS IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 92 MEXICO RETAIL ANALYTICS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 93 MEXICO OFFLINE IN RETAIL ANALYTICS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 94 MEXICO ONLINE IN RETAIL ANALYTICS MARKET, BY SOURCE, 2019-2028 (USD MILLION)

 

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FREQUENTLY ASK QUESTIONS

The North America Retail analytics market is potentially growing with a CAGR of 20.3% in the forecast period and is expected to reach USD 11,893.29 million by 2028.
The U.S. accounted for the maximum share in the retail analytics market, due to the presence of a large number of physical retail stores, focus on the integration of next-generation technologies, changing consumer behavior, and increasing investments in retail analytics.
The major players operating in the retail analytics market are IBM Corporation, HCL Technologies Limited, SAP SE, Wipro Limited, Oracle, SAS Institute Inc., QlikTech International AB, Teradata, Retail Solutions, Inc., TABLEAU SOFTWARE, LLC, A SALESFORCE COMPANY, 1010data, Inc., TIBCO Software Inc., Microsoft, Happiest Minds, Adobe, FLIR Systems, Inc., MICROSTRATEGY INCORPORATED, RetailNext, Inc., Fractal Analytics Inc. and ALTERYX, INC.
For the unorganized retail sector, retail analytics is a significant problem due to high costs and technological requirements which leads to a low adoption rate and thus restraining the retail analytics market growth.
The retail analytics market is segmented on the basis of offering, deployment model, organization size, business functionality, application and end user.
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