Internet of Things (IoT) in Retail Market by Component (Hardware and Software), Hardware (Gateways, RFID, Sensors), Service (Remote device management, Managed service, and Professional service), Technology, Region - Global Forecast to 2020

Internet of Things (IoT) is significantly adopted in every process of retailing such as advertising and marketing, smart kiosks, vending machines, inventory management, and customer payments. Though at a very nascent stage, IoT in retail sector is expected to grow owing to the increasing competition and need for delivering better customer experience. Lowering cost of IoT components such as sensors and RFID have also increased its adoption in the retail sector. The declining cost of sensors and RFID have also significantly increased its adoption by the retailers.

The IoT in retail market size is estimated to grow from USD 14.28 Billion in 2015 to USD 35.64 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 20.07%.

The years considered for the study are:

• Historical Year – 2013
• Base Year – 2014
• Estimated Year – 2015
• Projected Year – 2020
• Forecast Period – 2015 to 2020

Research Methodology

This research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial aspects of fault current limiter. The below explain the research methodology.

• The research methodology used to estimate and forecast the IoT in Retail market begins with capturing data on key vendor revenues through secondary research.
• The vendor offerings are also taken into consideration to determine the market segmentation.
• The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market.
• This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.

After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives.

The figure below shows the break-down of the primaries on the basis of company, designation, and region, conducted during the research study:

The IoT in Retail ecosystem comprises of security solution vendors such as IBM, Intel Corporation, Zebra Technologies, SAP, Google, Microsoft, Freescale, PTC, ARM, and Cisco.

Stakeholders:

• Semiconductor companies
• Embedded systems companies
• Application developers and aggregators
• Managed service and middleware companies
• Wireless network operators and service providers
• Data management and predictive analysis companies
• Sensor, presence, location, and detection solution providers
• Internet identity management, privacy, and security companies
• M2M, IoT, and general telecommunications companies
• Wireless infrastructure providers

Scope of the Report

The research report segments the IoT in Retail market to following submarkets:

By Components:

• Hardware
• Software

By Hardware:

• Gateway
• RFID
• Sensors

By Service:

• Remote Device Management
• Professional Services
• Managed Service

By Technologies:

• ZigBee
• Bluetooth Low Energy (BLE)
• NFC
• Wi-Fi

IoT in Retail Market By Functional Areas:

• Advertising and Marketing
• Digital Signage
• Energy Optimization
• Intelligent Payment Solution
• Real Time/ Streaming Analytics
• Resource Management
• Safety and Security
• Smart Shelf and smart doors
• Smart Vending machines
• Supply Chain Management

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

• Further breakdown of the North America IoT in Retail market
• Further breakdown of the Europe market
• Further breakdown of the APAC market
• Further breakdown of the MEA market
• Further breakdown of the Latin America market

Company Information

• Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Forecast Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Market
    4.2 IoT in Retail Market: By Technology
    4.3 Market: By Hardware and Service
    4.4 Market, By Service Type
    4.5 Life Cycle Analysis, By Region, (2015)

5 IoT in Retail Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
    5.4 Regulatory Bodies in the Internet of Things Market
           5.4.1 CEN/ISO
           5.4.2 Cenelec/IEC
           5.4.3 ISO/IEC JTC 1
                    5.4.3.1 ISO/IEC JTC 1/SWG 5
                    5.4.3.2 ISO/IEC JTC 1/SC 31
                    5.4.3.3 ISO/IEC JTC 1/SC 27
                    5.4.3.4 ISO/IEC JTC1/WG 7 Sensors
           5.4.4 ETSI
           5.4.5 IEEE
           5.4.6 ITU-T
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Emergence of the Cloud Platform
                    5.5.1.2 Declining Cost of Components
                    5.5.1.3 Scalability of Ipv6 and Increasing  Internet Connectivity
                    5.5.1.4 Rapid Adoption of Smartphones
                    5.5.1.5 Need for Better Customer Services and Response
           5.5.2 Restraints
                    5.5.2.1 Concerns Regarding Security and Privacy
                    5.5.2.2 Interoperability and Lack of Common Standards
           5.5.3 Opportunities
                    5.5.3.1 Increasing Number of Connected Devices
                    5.5.3.2 Consolidated IOT Solution
           5.5.4 Challenges
                    5.5.4.1 Lack of Specialized Skills and Experience
                    5.5.4.2 Reluctance of Retailers
    5.6 Winning Imperatives
           5.6.1 Beacons Emerging as A Powerful Tool in the IOT Retail Market
           5.6.2 Software-Enabled Platform and Applications

6 Industry Trends (Page No. - 53)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Competitive Rivalry
    6.3 Strategic Benchmarking

7 IoT in Retail Market, By Component (Page No. - 60)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Gateway
           7.2.2 RFID
           7.2.3 Sensors
    7.3 Software

8  Market By Service (Page No. - 67)
    8.1 Introduction
    8.2 Remote Device Management
    8.3 Professional Service
    8.4 Managed Service

9  Market By Technology (Page No. - 72)
    9.1 Introduction
    9.2 Zigbee
    9.3 Bluetooth Low Energy (BLE)
    9.4 Near Field Communication (NFC)
    9.5 Wi-Fi

10 IoT in Retail Market, By Functional Area (Page No. - 78)
    10.1 Introduction
    10.2 Advertising & Marketing
    10.3 Digital Signage
    10.4 Energy Optimization
    10.5 Intelligent Payment Solution
    10.6 Real-Time/ Streaming Analytics
    10.7 Resource Management
    10.8 Safety & Security
    10.9 Smart Shelf & Smart Doors
    10.10 Smart Vending Machine
    10.11 Supply Chain Management

11 Geographic Analysis (Page No. - 92)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Middle East & Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 110)
     12.1 Overview
     12.2 Competitive Situation & Trends
             12.2.1 New Product Launches
             12.2.2 Partnerships & & Collaborations
             12.2.3 Mergers & Acquisitions
             12.2.4 Venture Capitalists Funding Activities By Major IOT Players

13 Company Profile (Page No. - 123)
     13.1 Intel Corporation Inc.
             13.1.1 Business Overview
             13.1.2 Products & Services
             13.1.3 Products & Services
                        13.1.3.1 SWOT Analysis
                        13.1.3.2 Key Strategies
             13.1.4 Recent Developments , 2012–2015
     13.2 Microsoft Corporation
             13.2.1 Overview
             13.2.2 Products & Services
             13.2.3 MnM View
                        13.2.3.1 SWOT Analysis
                        13.2.3.2 Key Strategies
             13.2.4 Recent Developments , 2012-2015
     13.3 PTC Inc.
             13.3.1 Overview
             13.3.2 Products & Services
             13.3.3 MnM View
                        13.3.3.1 Key Strategies
                        13.3.3.2 SWOT Analysis
             13.3.4 Recent Developments
     13.4 IBM Corporation
             13.4.1 Overview
             13.4.2 Products & Services
             13.4.3 MnM View
                        13.4.3.1 SWOT Analysis
                        13.4.3.2 Key Strategies
             13.4.4 Recent Developments , 2012-2015
     13.5 Cisco Systems, Inc.
             13.5.1 Overview
             13.5.2 Products & Services
             13.5.3 MnM View
                        13.5.3.1 Key Strategies
                        13.5.3.2 SWOT Analysis
             13.5.4 Recent Developments , 2012-2015
     13.6 SAP AG
             13.6.1 Overview
             13.6.2 Products & Services
             13.6.3 MnM View
                        13.6.3.1 Key Strategies
             13.6.4 Recent Developments , 2012-2015
     13.7 Zebra Technologies
             13.7.1 Overview
             13.7.2 Products & Services
             13.7.3 MnM View
                        13.7.3.1 Key Strategies
                        13.7.3.2 SWOT Analysis
             13.7.4 Recent Developments, 2012-2015
     13.8 Google Inc.
             13.8.1 Overview
             13.8.2 Products & Services
             13.8.3 MnM View
                        13.8.3.1 Key Strategies
             13.8.4 Recent Developments, 2012-2015
     13.9 ARM Holdings PLC
             13.9.1 Overview
             13.9.2 Products & Services
             13.9.3 MnM View
                        13.9.3.1 Key Strategies
             13.9.4 Recent Developments , 2012-2015
     13.10 Freescale Semiconductor, Inc
             13.10.1 Overview
             13.10.2 Products & Services
             13.10.3 MnM View
                        13.10.3.1 Key Strategies
             13.10.4 Recent Developments , 2012-2015
     13.11 Other Key Innovators
             13.11.1 Softweb Solutions
             13.11.2 Carriots
             13.11.3 Xively
             13.11.4 Atmel Corporation
             13.11.5 Happiest Minds
             13.11.6 Amazon Web Services
             13.11.7 Bsquare

14 Appendix (Page No. - 163)
     14.1 Discussion Guide
     14.2 Introducing RT: Real-Time Market Intelligence
     14.3 Available Customizations
     14.4 Related Reports

List of Tables (71 Tables)

Table 1 IoT in Retail Market Size, 2015–2020 (USD Million)
Table 2 Emergence of the Cloud Platform and Declining Cost of Components are the Key Drivers of the Market
Table 3 Interoperability and Lack of Common Standards are Restraining the Growth of IoT in Retail
Table 4 Increasing Number of Connected Devices: A Huge Opportunity for the Market
Table 5 Complexities and Integration Issues is A Major Challenge for This Market
Table 6 IoT in Retail Market Size, By Component, 2015–2020(USD Million)
Table 7 Component Market Size, By Hardware, 2015–2020 (USD Million)
Table 8 Gateway Market Size, By Region, 2015–2020 (USD Million)
Table 9 RFID Market Size, By Region, 2015–2020(USD Million)
Table 10 Sensors Market Size, By Region, 2015–2020(USD Million)
Table 11 Software Market Size, By Region, 2015–2020 (USD Million)
Table 12 IoT in Retail Market Size, By Service, 2015–2020 (USD Million)
Table 13 Remote Device Management Market Size, By Region, 2015–2020(USD Million)
Table 14 Professional Service Market Size, By Region, 2015–2020(USD Million)
Table 15 Managed Service Market Size, By Region, 2015–2020(USD Million)
Table 16 IoT in Retail Market Size, By Connectivity Technology, 2015–2020(USD Million)
Table 17 Zigbee Market Size, By Region, 2015–2020(USD Million)
Table 18 BLE Market Size, By Region, 2015–2020(USD Million)
Table 19 NFC Market Size, By Region, 2015–2020(USD Million)
Table 20 Wi-Fi Market Size, By Region, 2015–2020(USD Million)
Table 21 IoT in Retail Market Size, By Functional Area, 2015–2020 (USD Million)
Table 22 Advertising & Marketing Market Size, By Region, 2015–2020 (USD Million)
Table 23 Advertising & Marketing Market Size, By Component, 2015–2020 (USD Million)
Table 24 Digital Signage Market Size, By Region, 2015–2020 (USD Million)
Table 25 Digital Signage Market Size, By Component, 2015–2020 (USD Million)
Table 26 Energy Optimization Market Size, By Region, 2015–2020 (USD Million)
Table 27 Energy Optimization Market Size, By Component, 2015–2020 (USD Million)
Table 28 Intelligent Payment Solution Market Size, By Region, 2015–2020 (USD Million)
Table 29 Intelligent Payment Solution Market Size, By Component, 2015–2020 (USD Million)
Table 30 Real-Time/ Streaming Analytics Market Size, By Region, 2015–2020 (USD Million)
Table 31 Real-Time/ Streaming Analytics Market Size, By Component, 2015–2020 (USD Million)
Table 32 Resource Management Market Size, By Region, 2015–2020 (USD Million)
Table 33 Resource Management Market Size, By Component, 2015–2020 (USD Million)
Table 34 Safety & Security Market Size, By Region, 2015–2020 (USD Million)
Table 35 Safety & Security Market Size, By Component, 2015–2020 (USD Million)
Table 36 Smart Shelf & Smart Doors Market Size, By Region, 2015–2020 (USD Million)
Table 37 Smart Shelf & Smart Doors Market Size, By Component, 2015–2020 (USD Million)
Table 38 Smart Vending Machine Market Size, By Region, 2015–2020 (USD Million)
Table 39 Smart Vending Machine Market Size, By Component, 2015–2020 (USD Million)
Table 40 Supply Chain Management Market Size, By Region, 2015–2020 (USD Million)
Table 41 Supply Chain Management Market Size, By Component, 2015–2020 (USD Million)
Table 42 IoT in Retail Market Size, By Region, 2015–2020 (USD Million)
Table 43 North America: Market Size, By Component, 2015–2020 (USD Million)
Table 44 North America: Market Size, By Hardware, 2015–2020(USD Million)
Table 45 North America: Market Size, By Service, 2015–2020(USD Million)
Table 46 North America: Market Size, By Technology, 2015–2020(USD Million)
Table 47 North America: Market Size, By Functional Area, 2015–2020 (USD Million)
Table 48 Europe: IoT in Retail Market Size, By Component, 2015–2020 (USD Million)
Table 49 Europe: Market Size, By Hardware, 2015–2020(USD Million)
Table 50 Europe: Market Size, By Service, 2015–2020(USD Million)
Table 51 Europe: Market Size, By Technology, 2015–2020(USD Million)
Table 52 Europe: Market Size, By Functional Area, 2015–2020 (USD Million)
Table 53 Asia-Pacific: Market Size, By Component, 2015–2020 (USD Million)
Table 54 Asia-Pacific: IoT in Retail Market Size, By Hardware, 2015–2020(USD Million)
Table 55 Asia-Pacific: Market Size, By Service, 2015–2020(USD Million)
Table 56 Asia-Pacific: Market Size, By Technology, 2015–2020(USD Million)
Table 57 Asia-Pacific: Market Size, By Functional Area, 2015–2020 (USD Million)
Table 58 Middle East & Africa: Market Size, By Component, 2015–2020 (USD Million)
Table 59 Middle East & Africa: IoT in Retail Market Size, By Hardware, 2015–2020(USD Million)
Table 60 Middle East & Africa: Market Size, By Service, 2015–2020(USD Million)
Table 61 Middle East & Africa: Market Size, By Technology, 2015–2020(USD Million)
Table 62 Latin America: Market Size, By Functional Area, 2015–2020 (USD Million)
Table 63 Latin America: IoT in Retail Market Size, By Component, 2015–2020 (USD Million)
Table 64 Latin America: Market Size, By Hardware, 2015–2020(USD Million)
Table 65 Latin America: Market Size, By Service, 2015–2020(USD Million)
Table 66 Mea: Market Size, By Technology, 2015–2020(USD Million)
Table 67 Latin America: IoT in Retail Market Size, By Functional Area, 2015–2020 (USD Million)
Table 68 New Product Launches, 2012–2014
Table 69 Partnerships & Collaborations, 2012–2014
Table 70 Mergers & Acquisitions, 2012–2014
Table 71 Venture Capital Funding in IOT Retail Market, 2012–2015

List of Figures (62 Figures)

Figure 1 IoT in Retail Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market Snapshot, 2015
Figure 7 IoT in Retail Market Snapshot (2015 vs 2020): Software is Expected to Dominate the Market During the Forecast Period
Figure 8 Partnerships, Collaborations, & New Product Launch to Be the Key Strategies Adopted By Top Companies
Figure 9 Varied Applications of the Software Platform are Boosting Market Growth
Figure 10 Wi-Fi and BLE Dominate the Technology Segment of the IoT in Retail Market
Figure 11 RFID and Managed Services are the Fastest-Growing Market Segments
Figure 12 Managed Services are Expected to Dominate the Service Market During the Forecast Period
Figure 13 Asia-Pacific Set to Witness Highest Growth Due to Adoption of Technology and Growing Retail Sector in Developing Countries
Figure 14 Evolution of the IoT in Retail Market
Figure 15 Segmentation of the Market
Figure 16 IoT in Retail Market Segmentation: By Component
Figure 17 Market Segmentation: By Service
Figure 18 Market Segmentation: By Technology
Figure 19 Market Segmentation: By Functional Area
Figure 20 Market Segmentation: By Region
Figure 21 Declining Cost of Components and Increasing Smartphone Penetration Set to Drive the Market
Figure 22 Value Chain Analysis
Figure 23 Porter’s Five Forces Analysis (2015)
Figure 24 Strategic Benchmarking
Figure 25 Software is the Fastest Growing Market in the IoT in Retail Market During the Forecast Period
Figure 26 IOT in Retail Hardware Components
Figure 27 RFID is Expected to Continue to Be the Fastest Growing Segment in the IOT in Retail Hardware Market
Figure 28 IoT in Retail Market, By Service
Figure 29 Managed Service is Expected to Witness High Growth During the Forecast Period
Figure 30 Comparison of Various Connectivity Technologies
Figure 31 Wi-Fi Technology is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 IoT in Retail Market: Functional Areas
Figure 33 Safety & Security is the Most Important Functional Area in the Market
Figure 34 Regional Snapshot (2015): APAC Showing the Highest Growth Rate
Figure 35 Regional Snapshot – Asia-Pacific is Expected to Emerge as the Fastest Growing Region During the Forecast Period
Figure 36 North America Market Evaluation
Figure 37 Asia Pacific Market Evaluation
Figure 38 Companies Adopted New Product Launches & Enhancements as the Key Growth Strategy in the Past Three Years
Figure 39 IoT in Retail Market Evaluation Framework
Figure 40 Battle for Market Share: Partnerships & Collaborations Was the Key Strategy
Figure 41 Region-Wise Revenue Mix of the Top 5 Market Players
Figure 42 Company Snapshot: Intel Corporation Inc.
Figure 43 SWOT Analysis: Intel Corporation
Figure 44 Company Snapshot: Microsoft Corporation
Figure 45 SWOT Analysis: Microsoft Corporation
Figure 46 Company Snapshot: PTC Inc.
Figure 47 SWOT Analysis: PTC, Inc.
Figure 48 Company Snapshot: IBM Corporation
Figure 49 SWOT Analysis: IBM Corporation
Figure 50 Company Snapshot: Cisco Systems, Inc.
Figure 51 SWOT Analysis: Cisco Systems, Inc
Figure 52 Company Snapshot: SAP AG
Figure 53 Company Snapshot: Zebra Technologies
Figure 54 SWOT Analysis: Zebra Technologies
Figure 55 Company Snapshot: Google Inc.
Figure 56 Company Snapshot: ARM Holdings PLC.
Figure 57 Company Snapshot: Freescale Semiconductor, Inc.
Figure 58 Company Snapshot: Softweb Solution
Figure 59 Company Snapshot: Xively
Figure 60 Company Snapshot: Atmel Corporation
Figure 61 Company Snapshot: Happiest Minds
Figure 62 Company Snapshot: Bsquare

Internet of Things (IoT) has significantly increased the comfort and efficiency of daily life through smart homes, smart transportation, smart grids, and smart cities. The concept is gradually gaining momentum in the retail sector as it helps retailers in increasing operational efficiency and optimizing customer experiences. The connectivity between devices enables retailers to streamline their inventory management and supply chain management, aids in real-time advertising, marketing and analytics-based decisions. It also helps customers by facilitating payment procedures and reducing the time taken for the same, enabling a comparative cost analysis, and making shopping easier. Despite the widespread acceptance of IoT, retailers still view it with a certain degree of skepticism. However, IoT in Retail market has immense growth potential.

IoT is rapidly gaining the attention of major ICT players such as Intel, Cisco, IBM, Google, and Apple among others. Various start-ups and software providers are investing in this market. However, a number of network operators are trying to boost revenues by making inroads into the application and service markets as well.

The software segment is expected to witness the highest growth, owing to the increasing number of applications and the widespread adoption of cloud computing Acquisitions and partnerships are the strategies widely adopted by players operating in the IoT in Retail market. In 2014, USD 5-6 billion in revenue was generated through the acquisitions of ThingWorx, Axeda, Raco Wireless, and Smart Things, among others. Concerns regarding security and privacy are restricting the adoption of IoT in retail. Lack of common standards or interoperability is another factor that limits the adoption of IoT. Various alliances and organizations are joining forces to eradicate or minimize interoperability issues and streamline further product development.

Although the IoT market is in the nascent stage and the adoption of the technology in the retail sector is limited, the IoT in Retail market exhibits considerable growth potential due to its ability to enhance the customer’s shopping experience. With regard to regions, North America and Europe are already investing extensively in IoT solutions and the market is growing at a moderate

Market Size and Forecast

The table given above highlights the market size across various sub segments from 2015 to 2020. The IoT in retail market is expected to grow from USD 14.28 Billion in 2015 to USD 35.64 Billion by 2020, at a CAGR of 20.07%