Internet of Things (IoT) in Retail and Apparel - Thematic Intelligence
Summary
The global retail IoT market will be worth $62.4 billion by 2027
The Internet of Things (IoT) describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. GlobalData estimates the total IoT market for retail will be worth $62.4 billion in 2027, growing at a compound annual growth rate (CAGR) of 14.4% between 2022 and 2027.
Scope
- This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
- The report covers the internet of things theme.
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- Identify emerging industry trends to gain a competitive advantage.
- Executive Summary
- Players
- Retail and Apparel Challenges
- The Impact of IoT on Retail and Apparel
- IoT can improve the resilience and sustainability of retail supply chains
- IoT can help reduce operational costs for retailers
- IoT can help retailers with shopper retention and changing consumer habits
- Case Studies
- Terawe create a virtual mirror for an immersive instore experience using AI and IoT
- Giant Eagle uses IoT to boost food safety
- Oura Ring uses IoT to create a personalized health tracker
- Frasers Group uses Facewatch’s facial recognition cameras to catch shoplifters
- Market Size and Growth Forecasts
- Signals
- Mergers and acquisitions
- Patent trends
- Company filings trends
- Hiring trends
- IoT Value Chain
- Physical layer
- Connected things
- Cameras and lenses
- Sensors and microcontrollers
- Microprocessors
- Connectivity layer
- Edge infrastructure
- Cloud infrastructure
- Networking equipment
- Telecom networks
- Data layer
- Data integration
- Data aggregation
- Data processing
- Data storage
- Data validation
- Data governance and security
- App layer
- Apps
- Platforms
- Services layer
- Integration services
- Consulting services
- Companies
- Leading IoT adopters in retail
- Specialist IoT vendors in retail
- Sector Scorecard
- Retail sector scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Glossary
- Further Reading
- GlobalData reports
- Our Thematic Research Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Key challenges facing the retail sector.
- Table 2: Mergers and acquisitions
- Table 3: Leading IoT adopters in retail
- Table 4: Specialist IoT vendors in retail
- Table 5: Glossary
- Table 6: GlobalData reports
- List of Figures
- Figure 1: Key players in IoT
- Figure 2: The US has filed the most retail IoT patents
- Figure 3: Thematic impact assessment
- Figure 4: Virtual mirror to boost instore shopper experience
- Figure 5: Oura smart ring for fitness
- Figure 6: The global IoT market in retail will reach $62.4 billion by 2027
- Figure 7: In 2021, IoT-related patent activity in the retail sector peaked at 1,307 publications
- Figure 8: In 2021, IoT mentions in company filings peaked at 6,076
- Figure 9: IoT hiring by retailers peaked in Q2 2022
- Figure 10: The IoT value chain
- Figure 11: The IoT value chain - Physical layer: leaders and challengers
- Figure 12: The IoT value chain - Connectivity layer: leaders and challengers
- Figure 13: The IoT value chain - Data layer: leaders and challengers
- Figure 14: The IoT value chain - App layer: leaders and challengers
- Figure 15: The IoT value chain - Services layer: leaders and challengers
- Figure 16: Who does what in the retail space?
- Figure 17: Thematic screen
- Figure 18: Valuation screen
- Figure 19: Risk screen
- Figure 20: Our five-step approach for generating a sector scorecard
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