According to Future Market Insights’ (FMI) analysis, the market will experience exponential growth at a CAGR of 17.7% between 2021 and 2031 as a result of the high demand for automation and digitalization of operations among small and large businesses worldwide.
Through 2031, demand for real-time store monitoring platform services will soar at a remarkable 20.3% CAGR. The largest application share is for store merchandising analysis. However, the use of real-time store monitoring in campaign management will increase at a 20.3% CAGR over the course of the evaluation period.
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Key Takeaways from Real time Store Monitoring Platform Market Survey
- In terms of application, campaign management will be the fastest growing segment, exhibiting growth at an impressive 20.3% CAGR
- In terms of value, services segment will gain momentum owing to the growing demand from retail industry, expanding at 20.3%
- Store merchandising analysis will hold the market share of over 32.5% during the assessment period
- Large retail sector will contribute the largest revenue, accounting for over 76.7% of global market share
- The U.S. will remain as one of the most attractive market, contributing for over 78.4% of market revenue through 2031
- Demand for real-time store monitoring platform in the U.K. will rise at nearly 24.9% CAGR over the forecast period
- Increasing investment in digital transformations and connectivity across China will spur the sales of real-time store monitoring platform solutions & services
Key Drivers
- Increasing need in various end-use sectors such as logistics, retail, and others to improve the work efficiency and security will drive the demand
- Growing demand from retail stores and industry giants such as Amazon and others will improve the adoption
- Incorporation of bug data science and internet of thinking will further push the adoption of real-time store monitoring platforms
- Growing need for auto
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Competitive Landscape
Companies operating in the real time store monitoring platform market are aiming at product innovation and strategic partnerships with other manufacturers to expand their production capacity, addressing the demand of an expanding customer pool.
- For instance, in May 2021, Bosch launched a IoT platform for real-time energy management. This platform provides real-time electrical energy consumption, operating usage, electrical parameters and appliance-level information. It also used for real-time energy monitoring in retail, residential, mobility, healthcare, agriculture and commercial spaces.
Real Time Store Monitoring platform market by Category
By Solution:
- Real-time Store Monitoring Platform
- Cloud-based
- On-Premises
- Services
- Professional Services
- Retail Consulting & Advisory
- Support & Maintenance
- Implementation Services
- Managed Services
- Professional Services
By Application:
- In-store Customer Behavior Analysis
- Campaign Management
- Store Merchandising Analysis
- Store Inventory Management
- Shelf Management
- Product Differentiation & Management
- Others
- Others
By End User:
- Small & Mid-sized Retailers
- Large Retailers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
3.3. Key Success Factors
4. Pricing Analysis
4.1. Pricing Model Analysis
4.1.1. Subscription Model
4.1.2. Perpetual Licenses
4.2. Global Average Pricing Analysis Benchmark
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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