Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 38.26 Billion | USD 212.72 Billion | 21% | 2024 |
FrequentlyAsked Questions
The global smart retail market is expected to grow due to growing adoption of ai, iot, and big data analytics in retail to enhance customer experience and optimize inventory management.
According to a study, the global smart retail market size was worth around USD 38.26 Billion in 2024 and is expected to reach USD 212.72 Billion by 2034.
The global smart retail market is expected to grow at a CAGR of 21% during the forecast period.
North America is expected to dominate the smart retail market over the forecast period.
Leading players in the global smart retail market include Microsoft, NXP Semiconductors N.V., Cisco Systems Inc., Intel Corporation, IBM, Amazon.com Inc., Google Inc., Honeywell, NVIDIA Corporation, and PTC Inc, among others.
The report explores crucial aspects of the smart retail market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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