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(Wireless-NewsWire.Com, May 24, 2018 ) Retail Analytics collects and stores the data of price, inventory, shrinkage, discounts, inventory, supply chain, sales etc., and then this information is processed into analytical data, which helps in checking on store operations, framing strategies and policies, decisions related to procurement and marketing, customer strategy. Major driver for this market is software helps to lower the risks caused by human factor such as margin loss, handles situation of unavailability of stock and many more. Added to this, the software is customer centric rather than product centric which depicts in syncing the customer information directly with campaigns going on resulting in the tracking of high management.
Factors which can be a restraint for the market of retail analytics is due to lack of specialized and skilled professional, many of the retailers are not able to access this technology and end up with having bulk of data. More to it, in some cases all reports does not convey the need for all business functions. Nevertheless, they keep an eye on inventory matching up with the demand so as to avoid situation no stock, excess stock plus they also depicts best and optimum utilization of money for store & sales related decisions which will bring new opportunities in the market in coming years.
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The “Global Retail Analytics Market Analysis to 2025” is a specialized and in-depth study of the Retail Analytics industry with a focus on the global market trend. The report aims to provide an overview of global retail analytics market with detailed market segmentation by component, deployment type, business function, end user, and geography. The global retail analytics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Retail Analytics market based on component, deployment type, business function, and end user. It also provides market size and forecast till 2025 for overall Retail Analytics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
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Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions. Also, key RETAIL ANALYTICS market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are the list of companies for retail analytics Market are Oracle Corporation, Adobe System, Microsoft Corporation, IBM Corporation, SAP AG, SAS Institute, Tableau, RetailNext, BRIDGEi2i Analytics Solutions, and Qlik Technologies Ltd.among others.
Segmentations Covered in the Retail Analytics Market:
Overview: Global Retail Analytics Market – By Service Model, By Deployment Model, By Region, By Application
Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the important players
1. Oracle Corporation
2. Adobe System
3. Microsoft Corporation
4. IBM Corporation
5. SAP AG
6. SAS Institute
7. Tableau
8. RetailNext
9. BRIDGEi2i Analytics Solutions
10. Qlik Technologies Ltd.
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