Asia Pacific Retail Analytics Market – Industry Analysis and Market Forecast (2023-2029)

Asia Pacific Retail Analytics Market is expected to grow at a CAGR of 22.30% during the forecast period and market is expected to reach US $ 6020.17 Mn by 2029.To know about the Research Methodology :- Request Free Sample Report

Retail analytics is any sort of information that allows retailers to make smarter decisions as well as manage their businesses more efficiently and effectively. The retail analytics involves computers and technology that are used for analyzing the situation, identify what is needed, decide on the best tool, gather the complete information, and then analyze the data for making a better decision. Analytics recently have become one of the most influential tools available for retailers, used for enabling fact based or insight-driven decision making to overall manage the strategic, operating or the financial performance of the company.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

The Asia Pacific Retail Analytics Market is divided into organization size, component, deployment model, business function, application, end-user, and geography. Based on organization size, the market is bifurcated into SMEs, and large enterprises. By component, the market comprises of software, service, professional services, and managed services. Considering the deployment model, the market is classified into on-premises, and on-demand. Finance, sales, marketing, supply chain, and store operations are the different business functions that are considered for the market. Merchandising analysis, pricing analysis, customer management, performance analysis, yield analysis, inventory analysis, and others are the different application areas for the market The end-user segment for the market comprises of online and offline.
Some of the major trends being followed in the Asia Pacific Retail Analytics Market include:
Rise of Wi-Fi analytics platforms in the retail sector for helping customers.
Shift in trend towards prescriptive analytics from predictive analytics.
Product assortment analytics that helps customers and retailers to identify the exact need.
Mobile reporting of customers towards their retailers are fully getting realized to strengthen customer-retailer bond.
The application of Internet of Things or IoT for improving the data accuracy and enhance the user experience.
Robots in retail sector are bringing new and big opportunities for analyzing the retail data.

Most of the retailers nowadays are investing in different analytics platforms that utilizes products such as beacons, video cameras, thermal imaging, or 3D sensors for understanding and analyzing the need for tracking in-store analytics.

China, India, Japan, South Korea and Australia are some of the key countries that been the major contributors of the growth of Asia Pacific retail analytics market. The adoption of retail analytics solutions is flourishing as more retailers worldwide are appreciating the significant returns from using analytics platforms and related services thereby boosting the market.
Asia Pacific Retail Analytics Market Key Highlights:
Asia Pacific Retail Analytics Market size analysis and forecast.
Comprehensive study and analysis of market drivers, restraints, and opportunities influencing growth of the market
Asia Pacific Retail Analytics Market segmentation on the basis of organization size, component, deployment model, business function, application, end-user, and geography.
The market strategic analysis with respect to individual growth trends, future prospects along with contribution of various sub-market stakeholders have been considered under the scope of study
Asia Pacific Retail Analytics Market analysis and forecast for major countries has been provided.
Profiling of key industry players, their strategic perspective, and analysis of core competencies
Competitive landscape of the key players operating in the Retail Analytics market including competitive developments, investments, and strategic expansion
Years that have been considered for the study are as follows:
Base Year – 2022
Estimated Year – 2023
Forecast Period – 2023 to 2029

For company profiles, 2021 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.
Asia Pacific Retail Analytics Market Research Methodology:
The Asia Pacific Retail Analytics Market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at Asia Pacific market value for market.

The objective of the report is to present comprehensive Asia Pacific Retail Analytics Market  including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding market  North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the market  North America for it's size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the market  North America for Asia Pacific make the report investor’s guide.
Asia Pacific Retail Analytics Market Scope: Inquire before buying



Asia Pacific Retail Analytics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2027


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1471.03 Mn.


Forecast Period 2023 to 2029 CAGR:
22.30%
Market Size in 2029:
US $ 6020.17 Mn .


 Segments Covered:
by Organization Size
SMES
Large Enterprises


by Component
Software
Service
Professional Services
Managed Services


by Deployment Model
On-Premises
On-Demand


by Business Function
Finance
Sales
Marketing
Supply Chain
Store Operation


by Application
Merchandising Analysis
Pricing Analysis
Customer Management
Performance Analysis
Yield Analysis
Inventory Analysis
Others


by End-User
Online
Offline



Key Target Audience:
Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
Retailers
Third-party providers
Value-Added Resellers (VARs)
Small, medium, and large-sized enterprises
Professional service providers
Contract research organizations (CROs)
Government Bodies
Asia Pacific Retail Analytics Market,  by Geography:
Asia Pacific
China
Japan
India
South Korea
Australia
Others
Asia Pacific Retail Analytics Market key players:
1. Migo Coproration
2. HCL Technologies
3. Trax
4. ShopperTrak
5. Sanpei Ventures
6. ClusterTech Limited
7. RetailNext
8. Near
9. Fujitsu
10.Locarise
11.Applied Predictive Technologies
12.Infor
13.Manthan
14.Tickto
15.RBS India
16.BRIDGEi2i
17.Retail Business Analytics
18.Kepler Analyitcs
19.Pelorus 3
20.HIVERY
21.Microsoft
22.IBM Corporation
23.Oracle
24.Adobe
25.SAP SE
Asia Pacific Retail Analytics Market Geographic Analysis:
Breakdown of China Retail Analytics market
The Breakdown of Japan Retail Analytics market
Breakdown of India Retail Analytics market
Breakdown of South Korea Retail Analytics market
The Breakdown of Australia Retail Analytics market
Breakdown of Others Retail Analytics market

Frequently Asked Questions:

1. Which region has the largest share in Asia Pacific Retail Analytics Market?
Ans: Asia-Pacific region held the highest share in 2022.

2. What is the growth rate of Asia Pacific Retail Analytics Market?
Ans: The market is expected to grow at a CAGR of 22.30% during forecast period 2023-2029.

3. What is scope of the Asia Pacific Retail Analytics market report?
Ans: market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Asia Pacific Retail Analytics market?
Ans: The important key players in the market are – Migo Coproration, HCL Technologies, Trax, ShopperTrak, Sanpei Ventures, ClusterTech Limited, RetailNext, Near, Fujitsu, Locarise

5. What is the study period of this market?
Ans: The market is studied from 2022 to 2029.