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#IoT In Retail Market Will Reach USD 101,000.20 Million with Significant CAGR of 18.9% by 2026 – SPONSOR: Loop Insights Inc. $MTRX.ca $QUIS.ca $MCLD.ca $NXO.ca

Posted by AGORACOM-JC at 6:18 PM on Wednesday, August 26th, 2020
SPONSOR: Loop Insights Inc. (MTRX:TSX-V) is levelling the playing field between online retail giants and brick & mortar businesses. What if you could receive the same personalization and experience you get from online shopping, but in brick and mortar stores? Loop Insights is doing just that. Brick and mortar retail isn’t going anywhere, but it does need to adapt to offer better in-store customer experiences. Loop Insights solves a significant problem for traditional retailers – big and small – who are losing customers to e-commerce retail. Learn more.
Loop Insights – Medium

IoT In Retail Market Will Reach USD 101,000.20 Million with Significant CAGR of 18.9% by 2026

  • Global IoT in Retail Market is accounted for $21,235.98 million in 2018 and is expected to reach $101,000.20 million by 2026 growing at a CAGR of 18.9% during the forecast period
  • Some of the key factors influencing the market growth include demand for improved flexibility, increasing adoption of smartphones and deteriorating cost of machinery

By: Orian Research

Global IoT in Retail Market is accounted for $21,235.98 million in 2018 and is expected to reach $101,000.20 million by 2026 growing at a CAGR of 18.9% during the forecast period.Some of the key factors influencing the market growth include demand for improved flexibility, increasing adoption of smartphones and deteriorating cost of machinery. However, need of general standards are restricting the market growth.

Some of the key players profiled in the IoT in Retail Market include Apple, General Electric, Google, Hewlett Packard Enterprise Company, Hitachi, Honeywell, Huawei, IBM, Intel, Microsoft, NEC, Oracle, Rockwell Automation, Salesforce, Samsung, SAP AG, Siemens, Texas Instruments Inc., Verizon and Zebra Technologies.

Internet of Things helps in linking various smart devices to ease the process and sharing of data amongst peers. There are various devices such as sensors, smartphones, and wearable’s, which gather data from the devices that can be utilized to improve customer’s experience.

Among Application, Offshore segment is expected to grow at the significant market share during the forecast period. This can be accredited to the rising focus to significantly reduce the in-house IT costs, allowing interior IT staffs to focus more on the core competencies. In order to get rid of the possibility of data safety threats, managed service providers are extremely investing in data security & safety.

Source: https://scientect.com/uncategorized/196227/iot-in-retail-market-worth-101000-20-billion-with-cagr-of-18-9-by-2026-top-players-apple-general-electric-google-hewlett-packard-enterprise-company-hitachi-honeywell-huawei/

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