Connected Retail Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Connected Retail Market is segmented by Component (Hardware, Software, and Services), Technology (ZigBee, NFC, Bluetooth Low Energy, and Wi-Fi), and Geography.

Connected Retail Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Connected Retail Market Size

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Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 3.23 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Connected Retail Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Connected Retail Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Connected Retail Market Analysis

The Connected Retail Market is expected to register a CAGR of 3.23% during the forecast period.

  • The rapid growth of IoT devices is a major factor driving the market of connected devices. The connected retail market is highly dependent on IoT technology for its further growth. The rise of omnichannel retailing, where the consumers are on continuously connected platforms, like mobile, tablet, or desktop, has led to increasing prominence of connected retailing.
  • With the improving industrial processes and automated manufacturing facilities, components costs have witnessed a declining trend. Reducing prices of components in a newly emerging market is a good opportunity for the growth of the connected retail market.
  • Retailers across the globe are realizing the benefits of connecting with the customers and providing them a more immersive shopping experience by consistently providing them messages about pricing, product availability and provide customer service across all touch points, which are some of the factors driving the market further.
  • However, the lack of fundamental IoT standards to control the data flow and improve the security and privacy of data is one of the factors restraining the growth of the market studied.

Connected Retail Industry Overview

The competition in the connected retail market is growing owing to the presence and entry of players in the market operating in domestic as well as in the international markets. The market appears to be moderately concentrated with major players adopting strategies like product and service innovation and mergers and acquisitions. Some of the major players in the market areCisco Systems Inc.,Microsoft Corporation,Intel Corporation,IBM Corporation among others.

  • January 2018 - Samsung launched its connected pop-up store solution for retailers at national retail federation's big show 2018. These solutions will help retailers harness the power of data to design and deliver an enhanced, more intelligent customer experience.
  • January 2018 - Honeywell announced that its Connected Retail Solution demonstrated 20% gains in worker productivity in retail stores.

Connected Retail Market Leaders

  1. Cisco Systems Inc.

  2. Microsoft Corporation

  3. Intel Corporation

  4. IBM Corporation

  5. Honeywell International Inc.

  6. *Disclaimer: Major Players sorted in no particular order
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Connected Retail Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
    • 4.3.1 Increased Adoption of IoT Devices
  • 4.4 Market Restraints
    • 4.4.1 Data Security and Privacy Concerns
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Component
    • 5.1.1 Hardware
    • 5.1.2 Software
    • 5.1.3 Services
  • 5.2 By Technology
    • 5.2.1 ZigBee
    • 5.2.2 NFC
    • 5.2.3 Bluetooth Low Energy
    • 5.2.4 Wi-Fi
    • 5.2.5 Other Technologies
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 Latin America
    • 5.3.5 Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 NXP Semiconductors NV
    • 6.1.2 Honeywell International Inc.
    • 6.1.3 Cisco Systems Inc.
    • 6.1.4 Verizon Enterprise Solutions
    • 6.1.5 IBM Corporation
    • 6.1.6 Microsoft Corporation
    • 6.1.7 Softweb Solutions Inc.
    • 6.1.8 Intel Corporation
    • 6.1.9 SAP SE
    • 6.1.10 Zebra Technologies Corp.
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Connected Retail Industry Segmentation

Connected retail means to connect with the customers seamlessly through personalized marketing, the combination of a physical store and digital experience, supply chain, varied payment options and providing the capability to employees to collaborate more effectively.

By Component Hardware
Software
Services
By Technology ZigBee
NFC
Bluetooth Low Energy
Wi-Fi
Other Technologies
Geography North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Connected Retail Market Research FAQs

What is the current Connected Retail Market size?

The Connected Retail Market is projected to register a CAGR of 3.23% during the forecast period (2025-2030)

Who are the key players in Connected Retail Market?

Cisco Systems Inc., Microsoft Corporation, Intel Corporation, IBM Corporation and Honeywell International Inc. are the major companies operating in the Connected Retail Market.

Which is the fastest growing region in Connected Retail Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Connected Retail Market?

In 2025, the North America accounts for the largest market share in Connected Retail Market.

What years does this Connected Retail Market cover?

The report covers the Connected Retail Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Connected Retail Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Connected Retail Industry Report

Statistics for the 2025 Connected Retail market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Connected Retail analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.