How big is the Retail Analytics Market?

The Retail Analytics Market size is expected to reach USD 6.33 billion in 2024 and grow at a CAGR of 4.23% to reach USD 7.79 billion by 2029. Read More

What is the current Retail Analytics Market size?

In 2024, the Retail Analytics Market size is expected to reach USD 6.33 billion. Read More

Who are the key players in Retail Analytics Market?

IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc. and Salesforce.com Inc. (Tableau Software Inc.) are the major companies operating in the Retail Analytics Market. Read More

Which is the fastest growing region in Retail Analytics Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Retail Analytics Market?

In 2024, the Europe accounts for the largest market share in Retail Analytics Market. Read More

What years does this Retail Analytics Market cover, and what was the market size in 2023?

In 2023, the Retail Analytics Market size was estimated at USD 6.07 billion. The report covers the Retail Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Retail Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Retail Analytics Market - Size, Growth & Share

Retail Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Retail Analytics Software Market Companies, and the market is segmented by Solution (Software and Service), Deployment (Cloud and On-premise), Function (Customer Management, In-store Operation, Supply Chain Management, Marketing, and Merchandising, Others), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Retail Analytics Industry Overview

The Retail Analytics Market is moderately competitive. Some of the major players operating in the market include IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., and Salesforce.com Inc. (Tableau Software Inc.), among others. The players in the market are innovating in providing strategic solutions to increase their market presence and customer base. This enables them to secure new contracts and tap new markets. Some of the key developments in the market are:

In September 2023, Oracle, in partnership with Uber, announced Collect and Receive, a new offering on the Oracle Retail platform connecting retailers and consumers to enhance and enrich last-mile delivery. Supported by the Oracle Retail Data Store and cloud platform technologies, retailers can link to Uber Direct, the company's delivery solution, through pre-integrated APIs. This joint solution allows retailers to rebalance inventory while giving customers more choices, including same-day and scheduled delivery options, order pickup, and returns to the closest retail or postal location.
In June 2023, in partnership with Google, Salesforce expanded strategic partnerships to help businesses utilize data and AI to deliver more personalized customer experiences, better understand customer behavior, and run more effective campaigns at a lower cost across marketing, sales, service, and commerce. Two new data and AI innovations will bring real-time data sharing with enhanced predictive and generative AI capabilities. Businesses can use their data and custom AI models to better predict customer needs and reduce the cost, risk, and complexity of synchronizing data across platforms.