The Connected Retail Market is expected to register a CAGR of 14.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Hardware, Software, Services); Technology (ZigBee, Wi-Fi, Bluetooth LE, NFC, Others) . The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Connected Retail Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Connected Retail Market Segmentation
Component
- Hardware
- Software
- Services
Technology
- ZigBee
- Wi-Fi
- Bluetooth LE
- NFC
- Others
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Connected Retail Market: Strategic Insights

- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Connected Retail Market Growth Drivers
- Growing Consumer Demand for Seamless Shopping Experiences: Consumers increasingly expect a seamless shopping experience that blends physical and digital channels. Connected retail technologies, such as mobile apps, in-store beacons, and omnichannel platforms, cater to this demand by enabling personalized and frictionless shopping journeys. From product discovery to purchase and post-purchase services, these technologies enhance convenience and customer satisfaction, driving the growth of the connected retail market.
- Advancements in Internet of Things (IoT) Technology: The rapid adoption of IoT devices in retail environments is a key driver for connected retail. IoT-enabled sensors, smart shelves, and RFID tags allow retailers to collect real-time data on inventory, customer behavior, and store operations. This data can be leveraged to improve stock management, optimize store layouts, and offer personalized promotions, ultimately enhancing the customer experience and operational efficiency, driving the market's expansion.
Connected Retail Market Future Trends
- Integration of Artificial Intelligence and Machine Learning: AI and machine learning are becoming integral to connected retail. These technologies enable retailers to personalize customer experiences, forecast demand, and optimize inventory management. AI-driven chatbots and virtual assistants are improving customer service, while machine learning algorithms are enhancing product recommendations. Retailers are investing heavily in these technologies to provide smarter, more intuitive shopping experiences, which is fueling growth in the connected retail sector.
- Rise of Contactless and Cashless Payments: The shift toward contactless and cashless payments is a prominent trend in the connected retail market. As consumers seek faster and safer ways to complete transactions, retailers are adopting mobile wallets, QR codes, and NFC technologies. These payment solutions not only improve the customer experience but also provide valuable data for retailers to better understand customer preferences and behaviors, contributing to the continued growth of connected retail.
Connected Retail Market Opportunities
- Expansion of Smart Retail Environments: The integration of smart devices and sensors into retail environments offers a significant opportunity for connected retail solutions. Smart shelves, digital signage, and IoT sensors can enhance store operations by providing real-time insights into inventory and customer preferences. Retailers can use this data to optimize their layouts, create dynamic pricing strategies, and offer personalized experiences, thus driving higher sales and customer satisfaction.
- Growth of E-commerce and Omnichannel Strategies: The continued rise of e-commerce and the need for omnichannel strategies present substantial opportunities for connected retail. Retailers are increasingly integrating online and offline shopping experiences, allowing customers to seamlessly move between channels. E-commerce platforms and physical stores are becoming interconnected, providing customers with a unified shopping experience. This creates growth opportunities for connected retail technologies that enable inventory visibility, personalized marketing, and consistent customer service across all channels.
Connected Retail Market Regional Insights
The regional trends and factors influencing the Connected Retail Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Connected Retail Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

- Get the Regional Specific Data for Connected Retail Market
Connected Retail Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ XX million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2025 - 2031) | 14.7% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Connected Retail Market Players Density: Understanding Its Impact on Business Dynamics
The Connected Retail Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Connected Retail Market are:
- Atmel Corporation
- ARM Holdings PLC
- Cisco Systems, Inc.
- IBM Corporation
- Google, Inc.
Disclaimer: The companies listed above are not ranked in any particular order.

- Get the Connected Retail Market top key players overview
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Connected Retail Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Connected Retail Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Frequently Asked Questions
What are the options available for the customization of this report?
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
What are the driving factors impacting the connected retail market?
The major factors driving the connected retail market are:
1. Increased Adoption of IoT and Smart Devices
2.Consumer Demand for Personalized Shopping Experiences
Which are the key players in the connected retail market?
Key players in the connected retail market include Atmel Corporation, ARM Holdings PLC, Cisco Systems, Inc., IBM Corporation, Google, Inc., Intel Corporation, NXP Semiconductors NV., Microsoft Corporation, PTC, Inc., and Softweb Solutions, Inc
What are the future trends of the connected retail market?
The Rise of Autonomous Retail and Checkout-Free Shopping is likely to remain a key trend in the market.
What is the expected CAGR of the ?
The Connected Retail Market is estimated to witness a CAGR of 14.7% from 2023 to 2031
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
- Parking Meter Apps Market
- eSIM Market
- Advanced Distributed Management System Market
- Online Exam Proctoring Market
- Electronic Data Interchange Market
- Barcode Software Market
- Maritime Analytics Market
- Cloud Manufacturing Execution System (MES) Market
- Robotic Process Automation Market
- Digital Signature Market
Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
Yukihiko Adachi CEO, Deep Blue, LLC.Reason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Strategic Planning
- Investment Justification
- Identifying Emerging Markets
- Enhancing Marketing Strategies
- Boosting Operational Efficiency
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.















1. Atmel Corporation
2. ARM Holdings PLC
3. Cisco Systems, Inc.
4. IBM Corporation
5. Google, Inc.
6. Intel Corporation
7. NXP Semiconductors N.V.
8. Microsoft Corporation
9. PTC, Inc.
10. Softweb Solutions, Inc


