Global IoT in Retail Market Size, Trends & Growth Opportunity By Platform (Device Management, Application Management, and Network Management), By Technology (Connectivity Technology, RFID, Sensor, and Others), By Component (Software, Hardware, and Services), By Application (Digital Signage, Supply Chain Management, Payment, Smart Shelf & doors, and others), By Region and Forecast till 2027.
Market Overview 
Global IoT in Retail Market was valued at USD 14.55 billion in 2021 which is expected to grow USD 38.89 billion by 2027 at a CAGR 17.21 % from 2022-2027.
IoT, often known as the internet of things, aids retailers in data collection and insight production. The adoption of digitization and automation is increasing across a variety of industries, including retail, in order to improve operational efficiency. 
Market Drivers 
The main factor projected to fuel the growth of the worldwide IoT in retail market is the rise in demand for Internet of Things in the retail sector. Additionally, it is anticipated that increased consumer use of smart payment solutions will fuel the expansion of the global IoT in the retail sector. Also, the expansion of technological advancements and innovations will benefit the global IoT in Retail market. For instance, in August 2019, Staunch introduced YI technologies, a new technology, to the Indian retail industry. IoT products are offered for India by YI technologies. Additionally, it is anticipated that increased omnichannel shopping use and the quick uptake of smartphones will fuel the expansion of the global IoT in the retail sector. 
Market Restraint
The main factor expected to hinder the growth of the worldwide IoT in retail market is privacy and security concerns surrounding data. Moreover, the worldwide IoT in the retail business is anticipated to grow slowly due to a lack of common standards and compatibility.
Impact of COVID 19 on Market
The main obstacle that is anticipated to slow down manufacturing production and the supply chain throughout this prediction period is the COVID 19 pandemic. Several sectors are experiencing difficulties as a result of a rise in COVID 19 confirmed cases and deaths. Lockdown had been proclaimed by numerous countries, which is anticipated to impede the expansion of the worldwide IoT retail sector. 
Market Segmentation
Global IoT in Retail Market is segmented into platform such as Device Management, Application Management, and Network Management, by technology such as Connectivity Technology, RFID, Sensor, and Others. Further, Global IoT in Retail Market is segmented into component such as Software, Hardware, and Services, by application such as Digital Signage, Supply Chain Management, Payment, Smart Shelf & doors, and Others.
Also, Global IoT in Retail Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. China has been the leading adopter of IoT, and the Asia Pacific area is predicted to become the dominant region. Due to rising investments in the retail industry, India has a significant potential for growth. Regional market expansion is anticipated to be aided by the growing adoption of real-time systems and location-based services.
Market Key Players
Various key players are discussed in this report such as Software AG, SAP, Amazon Web Services, Sierra Wireless,  Huawei, PTC, Microsoft Corporation, Intel, IBM, and Cisco Systems.
Market Taxonomy 
By Platform
• Device Management
• Application Management
• Network Management
By Technology
• Connectivity Technology
• RFID
• Sensor
• Others
By Application
• Digital Signage
• Supply Chain Management
• Payment
• Smart Shelf & doors
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Global IoT in Retail Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global IoT in Retail Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global IoT in Retail Market, By Platform
5.1 Y-o-Y Growth Comparison, By Platform 
5.2 Global IoT in Retail Market Share Analysis, By Platform 
5.3 Global IoT in Retail Market Size and Forecast, By Platform
5.3.1 Device Management
5.3.2Application Management
5.3.3Network Management
6 Global IoT in Retail Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global IoT in Retail Market Share Analysis, By Technology
6.3 Global IoT in Retail Market Size and Forecast, By Technology
6.3.1 Connectivity Technology
6.3.2 RFID
6.3.3 Sensor
6.3.4 Others
7 Global IoT in Retail Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global IoT in Retail Market Share Analysis, By Application
7.3 Global IoT in Retail Market Size and Forecast, By Application
7.3.1 Digital Signage
7.3.2 Supply Chain Management
7.3.3Payment
7.3.4Smart Shelf & Doors
7.3.5 Others
8Global IoT in Retail Market, By Region
8.1 Global IoT in Retail Market Share Analysis, By Region
8.2 Global IoT in Retail Market Share Analysis, By Region
8.3 Global IoT in Retail Market Size and Forecast, By Region
9 North America IoT in Retail Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America IoT in Retail Market Share Analysis, By Platform
9.3 North America IoT in Retail Market Size and Forecast, By Technology
9.4 North America IoT in Retail Market Size and Forecast, By Application
9.5 North America IoT in Retail Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe IoT in Retail Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe IoT in Retail Market Share Analysis, By Platform 
10.3 Europe IoT in Retail Market Size and Forecast, By Technology 
10.4 Europe IoT in Retail Market Size and Forecast, By Application
10.5 Europe IoT in Retail Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific IoT in Retail Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific IoT in Retail Market Share Analysis, By Platform 
11.3 Asia Pacific IoT in Retail Market Size and Forecast, By Technology 
11.4 Asia Pacific IoT in Retail Market Size and Forecast, By Application
11.5 Asia Pacific IoT in Retail Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America IoT in Retail Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America IoT in Retail Market Share Analysis, By Platform 
12.3 Latin America IoT in Retail Market Size and Forecast, By Technology 
12.4 Latin America IoT in Retail Market Size and Forecast, By Application
12.5 Latin America IoT in Retail Market Size and Forecast, Country
13Middle East IoT in Retail Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East IoT in Retail Market Share Analysis, By Platform 
13.3 Middle East IoT in Retail Market Size and Forecast, By Technology 
13.4 Middle East IoT in Retail Market Size and Forecast, By Application
13.5 Middle East IoT in Retail Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Software AG
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 SAP
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3  Amazon Web Services
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Sierra Wireless
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Huawei PTC
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Microsoft Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Intel
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 IBM
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Cisco Systems
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies