Market Overview:
The global IT spending in retail market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing adoption of digital technologies by retailers for enhancing customer experience, improving operational efficiency and reducing costs. Additionally, the increasing demand for omni-channel retailing and rising trend of online shopping are also propelling the growth of this market. On the basis of type, services segment is expected to hold a dominant position in the global IT spending in retail market during 2018-2030. This can be attributed to growing need for modernization and upgradation of existing infrastructure among retailers coupled with rising demand for cloud services across different regions worldwide. On the basis on application, ecommerce segment is anticipated to witness highest CAGR over the forecast period owing to surging adoption rate of online shopping by consumers across different geographies coupled with increasing penetration rate of smartphones.
Product Definition:
IT spending in retail is the allocation of funds by retailers to technology-related expenses. This includes investments in hardware, software, and services. IT spending is important for retailers because it allows them to improve their operations and better serve their customers. By implementing technologies such as point-of-sale systems and inventory management tools, retailers can streamline their processes and make it easier for customers to find what they are looking for. Additionally, investing in customer loyalty programs and marketing automation tools can help retailers boost sales and create a more engaging shopping experience.
Services:
The global services market is expected to grow at a CAGR of XX% over the forecast period.
Infrastructure Software:
Infrastructure software is a set of tools and services that help in improving the efficiency, effectiveness, and flexibility of IT infrastructure. It includes solutions for networking & connectivity, application development & deployment, storage management as well as virtualization. The retail industry has witnessed significant growth over the past few years due to emergence of new technologies such as big data analytics and cloud computing which have transformed traditional business models.
Application Insights:
The e-commerce segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing penetration of smartphones, which has led to an increase in online shopping activities across the globe. Moreover, technological advancements such as cloud computing have enabled companies like Amazon and Google to offer highly efficient services while reducing costs associated with IT infrastructure development and maintenance. This trend is expected to continue over the forecast period, thereby driving demand for global IT spending in retail market by e-commerce application.
The departmental store segment held a significant share of revenue in 2017 owing to its wide product range along with high customer traffic due largelyto heavy footfall on weekends & holidays throughout various regions including Asia Pacific & Middle East Africa countries including Saudi Arabia India South Africa etc.
Regional Analysis:
North America dominated the global market in 2017. The growth of e-commerce and digitalization in the region is expected to drive demand for cloud infrastructure software, which will fuel market growth over the forecast period. Moreover, increasing investments by companies such as Amazon Web Services (AWS), Google Inc., IBM Corporation and Microsoft Corporation are anticipated to support regional growth over the next eight years.
Asia Pacific is estimated to be one of the fastest-growing regions during 2018 - 2030 owing to increasing adoption of advanced technologies such as artificial intelligence (AI) and machine learning across various industries including retail industry. Furthermore, rising number of internet users in developing countries like India has boosted demand for IT services; this trend is projected to continue driving demand for cloud infrastructure software thereby fueling regional market growth over the forecast period.
Growth Factors:
- Increasing demand for omni-channel retailing: As customers shift their buying behavior from traditional stores to online channels, retailers are under pressure to provide an integrated shopping experience across all sales channels. This requires investments in IT systems that can manage inventory and order fulfillment across multiple channels.
- Rising demand for customer analytics: Retailers are increasingly using customer analytics to understand their customers’ needs and preferences, and to personalize the shopping experience accordingly. This requires sophisticated data management and analysis capabilities, which can be supported by IT spending.
- Growing use of mobile devices in retail: Retailers are leveraging mobile devices such as smartphones and tablets to connect with customers directly and improve the shopping experience. This requires investments in mobile commerce platforms, apps, etc., which can be supported by increased IT spending.
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Spending in Retail Market Research Report
By Type
Services, Infrastructure Software
By Application
E-commerce, Hypermarket/Supermarket, Specialty Stores, Departmental Stores, Others
By Companies
Oracle Corporation, Informatica LLC, Microsoft Corporation, SAP SE, Vmware, MicroStrategy Incorporated, MagstarInc, Cisco Systems, Inc., Epicor Software Corporation, Hewlett Packard Enterprise Company, Salesforce, IBM, Blue Yonder, LS Retail ehf
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global IT Spending in Retail Market Report Segments:
The global IT Spending in Retail market is segmented on the basis of:
Types
Services, Infrastructure Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
E-commerce, Hypermarket/Supermarket, Specialty Stores, Departmental Stores, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle Corporation
- Informatica LLC
- Microsoft Corporation
- SAP SE
- Vmware
- MicroStrategy Incorporated
- MagstarInc
- Cisco Systems, Inc.
- Epicor Software Corporation
- Hewlett Packard Enterprise Company
- Salesforce
- IBM
- Blue Yonder
- LS Retail ehf
Highlights of The IT Spending in Retail Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Services
- Infrastructure Software
- By Application:
- E-commerce
- Hypermarket/Supermarket
- Specialty Stores
- Departmental Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Spending in Retail Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT spending in retail is on the rise, as retailers look to invest in technology to improve customer experience and increase sales. Retailers are also increasingly turning to cloud-based solutions and big data analytics to help them understand their customers better and make more informed decisions.
Some of the major players in the it spending in retail market are Oracle Corporation, Informatica LLC, Microsoft Corporation, SAP SE, Vmware, MicroStrategy Incorporated, MagstarInc, Cisco Systems, Inc., Epicor Software Corporation, Hewlett Packard Enterprise Company, Salesforce, IBM, Blue Yonder, LS Retail ehf.
The it spending in retail market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Spending in Retail Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IT Spending in Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Spending in Retail Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IT Spending in Retail Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IT Spending in Retail Market Size & Forecast, 2018-2028
4.5.1 IT Spending in Retail Market Size and Y-o-Y Growth
4.5.2 IT Spending in Retail Market Absolute $ Opportunity
Chapter 5 Global IT Spending in Retail Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IT Spending in Retail Market Size Forecast by Type
5.2.1 Services
5.2.2 Infrastructure Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Spending in Retail Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IT Spending in Retail Market Size Forecast by Applications
6.2.1 E-commerce
6.2.2 Hypermarket/Supermarket
6.2.3 Specialty Stores
6.2.4 Departmental Stores
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Spending in Retail Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Spending in Retail Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IT Spending in Retail Analysis and Forecast
9.1 Introduction
9.2 North America IT Spending in Retail Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IT Spending in Retail Market Size Forecast by Type
9.6.1 Services
9.6.2 Infrastructure Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IT Spending in Retail Market Size Forecast by Applications
9.10.1 E-commerce
9.10.2 Hypermarket/Supermarket
9.10.3 Specialty Stores
9.10.4 Departmental Stores
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IT Spending in Retail Analysis and Forecast
10.1 Introduction
10.2 Europe IT Spending in Retail Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IT Spending in Retail Market Size Forecast by Type
10.6.1 Services
10.6.2 Infrastructure Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IT Spending in Retail Market Size Forecast by Applications
10.10.1 E-commerce
10.10.2 Hypermarket/Supermarket
10.10.3 Specialty Stores
10.10.4 Departmental Stores
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IT Spending in Retail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Spending in Retail Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IT Spending in Retail Market Size Forecast by Type
11.6.1 Services
11.6.2 Infrastructure Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IT Spending in Retail Market Size Forecast by Applications
11.10.1 E-commerce
11.10.2 Hypermarket/Supermarket
11.10.3 Specialty Stores
11.10.4 Departmental Stores
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IT Spending in Retail Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Spending in Retail Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IT Spending in Retail Market Size Forecast by Type
12.6.1 Services
12.6.2 Infrastructure Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IT Spending in Retail Market Size Forecast by Applications
12.10.1 E-commerce
12.10.2 Hypermarket/Supermarket
12.10.3 Specialty Stores
12.10.4 Departmental Stores
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IT Spending in Retail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Spending in Retail Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IT Spending in Retail Market Size Forecast by Type
13.6.1 Services
13.6.2 Infrastructure Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IT Spending in Retail Market Size Forecast by Applications
13.10.1 E-commerce
13.10.2 Hypermarket/Supermarket
13.10.3 Specialty Stores
13.10.4 Departmental Stores
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Spending in Retail Market: Competitive Dashboard
14.2 Global IT Spending in Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle Corporation
14.3.2 Informatica LLC
14.3.3 Microsoft Corporation
14.3.4 SAP SE
14.3.5 Vmware
14.3.6 MicroStrategy Incorporated
14.3.7 MagstarInc
14.3.8 Cisco Systems, Inc.
14.3.9 Epicor Software Corporation
14.3.10 Hewlett Packard Enterprise Company
14.3.11 Salesforce
14.3.12 IBM
14.3.13 Blue Yonder
14.3.14 LS Retail ehf
