The Asia Pacific Retail Analytics Market size is estimated at USD 9.28 billion in 2024, and is expected to reach USD 18.21 billion by 2029, growing at a CAGR of 14.43% during the forecast period (2024-2029).
The Asia Pacific Retail Automation Market exhibits partial fragmentation, with several major players dominating the industry. Key participants in this market include Oracle, IBM, SAP SE, Zoho, and Adobe Systems Incorporated, among others. These companies are continuously fortifying their market presence through various strategic initiatives, including acquisitions, product launches, and partnerships, which significantly contribute to the market's growth. Here are some recent developments within this sector:
In November 2022, Qlik introduced a transformative product known as "Qlik Cloud Data Integration." This Enterprise Integration Platform as a Service (eiPaaS) offering is designed to empower enterprise data strategies. It achieves this by creating a real-time data integration fabric connecting all enterprise applications and data sources to the cloud. By harnessing the capabilities of the cloud and establishing real-time data connections between diverse data sources, targets, and destinations, Qlik Cloud Data Integration enables all members of the enterprise to make data-driven decisions with confidence.
In March 2022, Informatica, a renowned enterprise data management vendor, unveiled the first retail-specific version of its "Intelligent Data Management Cloud" (IDMC). This specialized platform, known as "Intelligent Data Management Cloud for Retail," leverages Informatica's suite of machine learning-powered tools to assist retailers in cataloging, ingesting, integrating, and preparing data for use in analytical and AI applications. This tailored solution caters to the unique data management needs of the retail sector, further enhancing its capabilities.
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