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Global Retail Analytics Market 2017-2023 By Function, Mode of Deployment, Solution, Services, Region - ResearchAndMarkets.comThe "Global Retail Analytics Market - By Function, Mode of Deployment, Solution, Services, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering. The market for the analytics in retail has been growing at a big rate considering the demand for companies to provide apt products to their customers. The global market was USD 3.1 billion in 2017 and is estimated to reach USD 9.50 billion by 2023 at a CAGR of 20.50% during the forecasted period. The rising need to develop competitive products and reduce operational and production costs are major factors influencing the growth of this market. North America led the market with a share of more than 50% in 2017. The CAGR for the America region is expected to be slightly more than 20% which is higher than the overall CAGR of the market. In India, the growth of ecommerce industry size and the use of smart phones to buy these goods have made the market a huge part in the global scenario. Adoption and increase of Information Technology field in regions like Japan, China and India has driven this market to new heights in this region. Drivers V. Constraints: The need for appropriate costumer targeting and reducing costs is giving this market huge demand. Companies want to target customers based on their products and provide customers with the products which they would be more interested in. The large companies thus have a larger selling rate compared to seller ones as due to analytics they can provide more appropriate products to their customers and hence no customers can go empty handed. Industry Structure and Updates: Retail Analytics market is growing at a massive rate with many companies doing research on the technology and various startups also emerging in the field. Competition on the basis of efficiency and costs are the basis of difference amongst these. New professional degrees in analytics have been introduced to train people specifically for these fields. Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/research/l2jjkx/global_retail?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180523005627/en/ |