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Home » Our Report Repository » Retail Intelligence Software Market Analysis and Global Forecast (2023-2033) with COVID Impact Analysis
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Retail Intelligence Software Market Analysis and Global Forecast (2023-2033) with COVID Impact Analysis

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Retail Intelligence Software Market Research Report: Information By Type (Cloud Based, On-Premises), By Application (Large Enterprises, SMEs), and by Region — Forecast till 2033

Categories: Information and Communication Technology, Software and Services, Technology
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Description

Retail Intelligence Software Market Overview

The Retail Intelligence Software Market Size is expected to reach USD 24.74 Billion by 2033. The Retail Intelligence Software industry size accounted for USD 6.68 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.16% from 2023 to 2033. Retail Intelligence Software refers to a specialized class of software solutions designed to collect, process, and analyze vast volumes of data generated within the retail industry. This software employs advanced analytics, machine learning algorithms, and data visualization tools to transform raw data from multiple sources, including point-of-sale (POS) systems, customer databases, e-commerce platforms, and social media, into valuable insights and actionable intelligence. By enabling retailers to monitor key performance indicators (KPIs), predict consumer behavior, optimize inventory management, assess pricing strategies, and understand market trends, Retail Intelligence Software empowers decision-makers to make informed choices, improve operational efficiency, enhance customer experiences, and gain a competitive advantage in an ever-evolving retail landscape.

Global Retail Intelligence Software Market Synopsis

COVID-19 Impact Analysis

The COVID-19 pandemic had a profound and transformative impact on the Retail Intelligence Software market. As the retail industry faced unprecedented challenges like store closures, supply chain disruptions, and changing consumer behaviors, the need for data-driven insights became paramount. The pandemic accelerated the adoption of Retail Intelligence Software as retailers sought to navigate the rapidly evolving market dynamics, optimize operations, and adapt their strategies to meet shifting customer demands. This software played a critical role in providing real-time analytics, forecasting demand, optimizing inventory, and enabling personalized marketing efforts in an unpredictable retail environment. Retailers recognized the importance of leveraging technology and data analytics to gain actionable insights, drive informed decision-making, and enhance their overall resilience and competitiveness in the face of disruption.

Retail Intelligence Software Market Dynamics

The major factors that have impacted the growth of Retail Intelligence Software are as follows:

Drivers:

Increasing demand for data-driven decision-making

The growing recognition of the value of data-driven insights in the retail industry is a significant driver for the Retail Intelligence Software market. Retailers are increasingly adopting these software solutions to gain a deeper understanding of customer behavior, optimize operations, and drive informed decision-making based on real-time analytics.

Restraint:

  • Data privacy and security concerns

One of the primary restraints for the Retail Intelligence Software market is the increasing concern over data privacy and security. As retailers collect and analyze vast amounts of customer data, there is a need to ensure compliance with data protection regulations and maintain the security of sensitive information. Addressing these concerns and implementing robust data protection measures can be a challenge for retailers and may impact the adoption of Retail Intelligence Software.

Opportunity:

Growing emphasis on personalized customer experiences

The opportunity lies in the ability of Retail Intelligence Software to enable personalized customer experiences. Retailers can leverage these software solutions to analyze customer data, understand preferences, and tailor marketing strategies accordingly. The increasing focus on delivering personalized experiences can drive the adoption of Retail Intelligence Software as retailers aim to differentiate themselves and enhance customer satisfaction in a highly competitive retail landscape.

Retail Intelligence Software Segment Overview

By Type

Based on Type, the market is segmented based on Cloud Based, On Premises. The Cloud Based segment is expected to have a larger market share throughout the forecast period. This is primarily due to the numerous advantages offered by cloud-based solutions, including scalability, flexibility, cost-effectiveness, and easy accessibility. Cloud-based solutions allow retailers to store and process large volumes of data in a centralized and secure environment, enabling real-time analytics and collaboration across multiple locations.

By Application

Based on Application, the market has been divided into Large Enterprises and SMEs. The Large Enterprises segment is anticipated to dominate the market. Large enterprises typically have more extensive operations, greater data volumes, and the financial resources to invest in advanced software solutions. They often prioritize data-driven decision-making and have a higher capacity to implement and integrate Retail Intelligence Software across their organization. Large enterprises can leverage these solutions to gain deeper insights into customer behavior, optimize their supply chain and inventory management, and enhance overall operational efficiency.

Global Retail Intelligence Software Market Regional Analysis

Based on region, the global Retail Intelligence Software market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Retail Intelligence Software market followed by the Asia-Pacific and Europe regions.

North America Market

North America has indeed held a dominant position in the Retail Intelligence Software market. The region’s dominance can be attributed to several factors. Firstly, North America has a well-established and technologically advanced retail industry, with many retailers at the forefront of adopting data-driven strategies and solutions. The region’s strong focus on innovation and technological advancements provides a conducive environment for the growth of the Retail Intelligence Software market. Additionally, North America is home to several major retail players, including large enterprises and e-commerce giants, which drive the demand for sophisticated analytics and intelligence solutions. Furthermore, the presence of a robust IT infrastructure, skilled workforce, and favorable regulatory environment contribute to North America’s dominant position in the Retail Intelligence Software market. However, it’s worth noting that other regions, such as Europe and Asia-Pacific, are also experiencing rapid growth and are expected to gain market share in the coming years.

Asia-Pacific Market

The Asia-Pacific region has emerged as a rapidly growing market for the Retail Intelligence Software industry. The region’s increasing consumer spending power, growing retail sector, and digital transformation initiatives have contributed to the rising demand for advanced analytics and intelligence solutions in the retail industry. Countries such as China, India, Japan, and South Korea are witnessing significant growth in e-commerce and omnichannel retailing, driving the need for Retail Intelligence Software to optimize operations, enhance customer experiences, and gain a competitive edge. Additionally, the increasing adoption of smartphones and internet connectivity in the region has facilitated the collection of vast amounts of data, which can be leveraged for actionable insights. The Asia-Pacific region’s dynamic retail landscape, combined with a tech-savvy population and a strong emphasis on innovation, presents ample opportunities for Retail Intelligence Software providers to expand their presence and cater to the evolving needs of retailers in the region.

Competitive Landscape

The Global Retail Intelligence Software market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

  • Stackline
  • SupplyPike
  • Intelligence Node
  • Pricing Excellence
  • Wiser Solutions
  • HALO
  • DataWeave
  • AFS Technologies
  • Premise Data
  • Omnilytics

Key Development

In August 2022, DataWeave announced its approval as a verified partner of Amazon Advertising Partner Networks. The partnership aims to support businesses in optimizing their digital advertising campaigns through actionable data insights. By being a part of the Amazon Advertising Partnership and the Partner Directory, DataWeave connects with a global community of organizations and tool providers, enabling advertisers to achieve their business objectives using Amazon Ads products. This collaboration comes at a strategic time, as renowned retailers and brands rely on DataWeave’s international commerce analytics to maintain their competitiveness in the market.

Scope of the Report

Global Retail Intelligence Software Market, by Type

  • Cloud-Based
  • On-Premises

Global Retail Intelligence Software Market, by Application

  • Large Enterprises
  • SMEs

Global Retail Intelligence Software Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Indonesia
    • Austalia
    • Malaysia
    • India
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

 

• Personalized customer experiences• Increasing demand for data-driven decision-making

Parameters Indicators
Market Size 2033: $24.74 Billion
CAGR 6.16% CAGR (2023-2033)
Base year 2022
Forecast Period 2023-2033
Historical Data 2021
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Type, Application
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors Stackline, SupplyPike, Intelligence Node, Pricing Excellence, Wiser Solutions, HALO, DataWeave, AFS Technologies, Premise Data, Omnilytics
Key Market Opportunities  
Key Market Drivers  

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Retail Intelligence Software market trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities in the future
  • Retail Intelligence Software market historical market size for the year 2021, and forecast from 2023 to 2033
  • Retail Intelligence Software market share analysis at each product level
  • Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
  • To identify and understand the various factors involved in the global Retail Intelligence Software market affected by the pandemic
  • To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Frequently Asked Questions (FAQ)

1. What is the study period of this market?

  • The study period of the global Retail Intelligence Software market is 2021- 2033

2. What is the growth rate of the global Retail Intelligence Software market?

  • The Global Retail Intelligence Software market is growing at a CAGR of 6.16% over the next 10 years

3. Which region has the highest growth rate in the market of Retail Intelligence Software?

  • Asia Pacific is expected to register the highest CAGR during 2023-2033

4. Which region has the largest share of the global Retail Intelligence Software market?

  • North America holds the largest share in 2022

5. Who are the key players in the global Retail Intelligence Software market?

  • Stackline, SupplyPike, Intelligence Node, Pricing Excellence, Wiser Solutions, HALO, DataWeave, AFS Technologies, Premise Data, and Omnilytics are the major companies operating in the market.

6. Do you offer Post Sale Support?

  • Yes, we offer 16 hours of analyst support to solve the queries

7. Do you sell particular sections of a report?

Yes, we provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives.

For more details mail us at

[email protected]

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Table of Content

Table of Content

Chapter 1.   Executive Summary

Chapter 2.   Scope Of The Study

                     2.1.   Market Definition

                     2.2.   Scope Of The Study

                               2.2.1.   Objectives of Report

                               2.2.2.   Limitations

                     2.3.   Market Structure

Chapter 3.   Evolve BI Methodology

Chapter 4.   Market Insights and Trends

                     4.1.   Supply/ Value Chain Analysis

                               4.1.1.   Raw Material Providers

                               4.1.2.   Manufacturing Process

                               4.1.3.   Distributors/Retailers

                               4.1.4.   End-Use Industry

                     4.2.   Porter’s Five Forces Analysis

                               4.2.1.   Threat Of New Entrants

                               4.2.2.   Bargaining Power Of Buyers

                               4.2.3.   Bargaining Power Of Suppliers

                               4.2.4.   Threat Of Substitutes

                               4.2.5.   Industry Rivalry

                     4.3.   Impact Of COVID-19 on the Retail Intelligence Software Market

                               4.3.1.   Impact on Market Size

                               4.3.2.   End-Use Industry Trend, Preferences, and Budget Impact

                               4.3.3.   Regulatory Framework/Government Policies

                               4.3.4.   Key Players' Strategy to Tackle Negative Impact

                               4.3.5.   Opportunity Window

                     4.4.   Technology Overview

                     12.28.   Macro factor

                     4.6.   Micro Factor

                        4.7.   Demand Supply Gap Analysis of the Retail Intelligence Software Market

                        4.8.   Import Analysis of the Retail Intelligence Software Market

                        4.9.   Export Analysis of the Retail Intelligence Software Market

Chapter 5.   Market Dynamics

                     5.1.   Introduction

                     5.2.   DROC Analysis

                               5.2.1.   Drivers

                               5.2.2.   Restraints

                               5.2.3.   Opportunities

                               5.2.4.   Challenges

                     5.3.   Patent Analysis

                     5.4.   Industry Roadmap

                     5.5.   Parent/Peer Market Analysis

Chapter 6.   Global Retail Intelligence Software Market, By Type       

                     6.1.   Introduction

                     6.2.   Cloud Based

                     6.3.   On Premises

Chapter 7.   Global Retail Intelligence Software Market, By Application

                     7.1.   Introduction

                     7.2.   Large Enterprises

                     7.3.   SMEs

Chapter 8.   Global Retail Intelligence Software Market, By Region

                     8.1.   Introduction

                     8.2.   North America

                               8.2.1.   Introduction

                               8.2.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.2.3.   Market Size and Forecast, By Country, 2023-2033

                               8.2.4.   Market Size and Forecast, By Type, 2023-2033

                               8.2.5.   Market Size and Forecast, By Application, 2023-2033

                               8.2.6.   US

                                              8.2.6.1.   Introduction

                                              8.2.6.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.2.6.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.2.6.4.   Market Size and Forecast, By Application, 2023-2033

                               8.2.7.   Canada

                                              8.2.7.1.   Introduction

                                              8.2.7.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.2.7.4.   Market Size and Forecast, By Type, 2023-2033

                                              8.2.7.5.   Market Size and Forecast, By Application, 2023-2033

                     8.3.   Europe

                               8.3.1.   Introduction

                               8.3.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.3.3.   Market Size and Forecast, By Country, 2023-2033

                               8.3.4.   Market Size and Forecast, By Type, 2023-2033

                               8.3.5.   Market Size and Forecast, By Application, 2023-2033

                               8.3.6.   Germany

                                              8.3.6.1.   Introduction

                                              8.3.6.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.6.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.3.6.4.   Market Size and Forecast, By Application, 2023-2033

                               8.3.7.   France

                                              8.3.7.1.   Introduction

                                              8.3.7.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.7.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.3.7.4.   Market Size and Forecast, By Application, 2023-2033

                               8.3.8.   UK

                                              8.3.8.1.   Introduction

                                              8.3.8.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.8.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.3.8.4.   Market Size and Forecast, By Application, 2023-2033

                               8.3.9.   Italy

                                              8.3.9.1.   Introduction

                                              8.3.9.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.9.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.3.9.4.   Market Size and Forecast, By Application, 2023-2033

                               8.3.11.   Rest Of Europe

                                              8.3.11.1.   Introduction

                                              8.3.11.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.3.11.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.3.11.4.   Market Size and Forecast, By Application, 2023-2033

                     8.4.   Asia-Pacific

                               8.4.1.   Introduction

                               8.4.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.4.3.   Market Size and Forecast, By Country, 2023-2033

                               8.4.4.   Market Size and Forecast, By Type, 2023-2033

                               8.12.28.   Market Size and Forecast, By Application, 2023-2033

                               8.4.6.   China

                                              8.4.6.1.   Introduction

                                              8.4.6.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.6.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.4.6.4.   Market Size and Forecast, By Application, 2023-2033

                               8.4.7.   India

                                              8.4.7.1.   Introduction

                                              8.4.7.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.7.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.4.7.4.   Market Size and Forecast, By Application, 2023-2033

                               8.4.8.   Japan

                                              8.4.8.1.   Introduction

                                              8.4.8.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.8.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.4.8.4.   Market Size and Forecast, By Application, 2023-2033

                               8.4.9.   South Korea

                                              8.4.9.1.   Introduction

                                              8.4.9.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.9.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.4.9.4.   Market Size and Forecast, By Application, 2023-2033

                               8.4.10.   Rest Of Asia-Pacific

                                              8.4.10.1.   Introduction

                                              8.4.10.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                                              8.4.10.3.   Market Size and Forecast, By Type, 2023-2033

                                              8.4.10.4.   Market Size and Forecast, By Application, 2023-2033

                     8.5.   Rest Of The World (RoW)

                               8.5.1.   Introduction

                               8.5.2.   Driving Factors, Opportunity Analyzed, and Key Trends

                               8.5.3.   Market Size and Forecast, By Type, 2023-2033

                               8.5.4.   Market Size and Forecast, By Application, 2023-2033

Chapter 9.   Company Landscape

                     9.1.   Introduction

                     9.2.   Vendor Share Analysis

                     9.3.   Key Development Analysis

                     9.4.   Competitor Dashboard

Chapter 10.   Company Profiles

                     10.1.   Stackline

                               10.1.1.   Business Overview

                               10.1.2.   Government & Defense Analysis

                                              10.1.2.1.   Government & Defense – Existing/Funding

                               10.1.3.   Product Portfolio

                               10.1.4.   Recent Development and Strategies Adopted

                               10.1.5.   SWOT Analysis

                     10.2.   SupplyPike

                               10.2.1.   Business Overview

                               10.2.2.   Government & Defense Analysis

                                              10.2.2.1.   Government & Defense – Existing/Funding

                               10.2.3.   Product Portfolio

                               10.2.4.   Recent Development and Strategies Adopted

                               10.2.5.   SWOT Analysis

                     10.3.   Intelligence Node

                               10.3.1.   Business Overview

                               10.3.2.   Government & Defense Analysis

                                              10.3.2.1.   Government & Defense – Existing/Funding

                               10.3.3.   Product Portfolio

                               10.3.4.   Recent Development and Strategies Adopted

                               10.3.5.   SWOT Analysis

                     10.4.   Pricing Excellence

                               10.4.1.   Business Overview

                               10.4.2.   Government & Defense Analysis

                                              10.4.2.1.   Government & Defense – Existing/Funding

                               10.4.3.   Product Portfolio

                               10.4.4.   Recent Development and Strategies Adopted

                               10.12.28.   SWOT Analysis

                     10.5.   Wiser Solutions

                               10.5.1.   Business Overview

                               10.5.2.   Government & Defense Analysis

                                              10.5.2.1.   Government & Defense – Existing/Funding

                               10.5.3.   Product Portfolio

                               10.5.4.   Recent Development and Strategies Adopted

                               10.5.5.   SWOT Analysis

                     10.6.   HALO

                               10.6.1.   Business Overview

                               10.6.2.   Government & Defense Analysis

                                              10.6.2.1.   Government & Defense – Existing/Funding

                               10.6.3.   Product Portfolio

                               10.6.4.   Recent Development and Strategies Adopted

                               10.6.5.   SWOT Analysis

                     10.7.   DataWeave

                               10.7.1.   Business Overview

                               10.7.2.   Government & Defense Analysis

                                              10.7.2.1.   Government & Defense – Existing/Funding

                               10.7.3.   Product Portfolio

                               10.7.4.   Recent Development and Strategies Adopted

                               10.7.5.   SWOT Analysis

                     10.8  AFS Technologies

                               10.8.1.   Business Overview

                               10.8.2.   Government & Defense Analysis

                                              10.8.2.1.   Government & Defense – Existing/Funding

                               10.8.3.   Product Portfolio

                               10.8.4.   Recent Development and Strategies Adopted

                               10.8.5.   SWOT Analysis

                     10.9   Premise Data

                               10.9.1.   Business Overview

                               10.9.2.   Government & Defense Analysis

                                              10.9.2.1.   Government & Defense – Existing/Funding

                               10.9.3.   Product Portfolio

                               10.9.4.   Recent Development and Strategies Adopted

                               10.9.5.   SWOT Analysis

                     10.10.   Omnilytics

                               10.10.1.   Business Overview

                               10.10.2.   Government & Defense Analysis

                                              10.10.2.1.   Government & Defense – Existing/Funding

                               10.10.3.   Product Portfolio

                               10.10.4.   Recent Development and Strategies Adopted

                               10.10.5.   SWOT Analysis

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