Connected Retail Market Size, Share, Growth, Key Players, Competition Analysis & Forecast 2027 | Credence Research
The latest market report published by Credence Research, Inc . Globally, the connected retail market is expected to grow with a CAGR of 20.6% during the forecast period from 2019 to 2027 and registered a market value of US$ 15.40 Bn in 2018. The retail landscape is continuously evolving, driven by advancements in technology and shifting consumer behaviors. One of the most transformative changes in recent years is the rise of the connected retail market. This burgeoning field is not merely a trend but represents a fundamental shift in how retailers interact with consumers and manage their operations. 1. Understanding Connected Retail At its core, connected retail is about leveraging digital technologies to create a seamless shopping experience, whether customers are online, on mobile apps, or in brick-and-mortar stores. It encompasses the use of the Internet of Things (IoT), big data, artificial intelligence (AI), and augmented reality (AR) to elevate every tou...