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

The Global Internet of Things (IoT) in Retail Market Report is Segmented by Components (hardware, Software, Service (managed and Professional)) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The Market Size and Forecasts are Provided in Value (USD Million) for all the Above Segments.

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

IoT in Retail Market Size

Internet of Things in Retail Market (2025 - 2030)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 11.30 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Internet of Things in Retail Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Internet Of Things In Retail Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

IoT in Retail Market Analysis

The Internet Of Things In Retail Market is expected to register a CAGR of 11.30% during the forecast period.

  • IoT enables retailers to connect with both businesses and people. It allows retailers to gain insights into product performance and new ways of customer engagement with both new and existing customers. Several companies, like Kroger, Zara, Walmart, Tesco, etc., have launched smart devices to improve customer experience.
  • Additionally, the e-commerce platform's use is rapidly increasing owing to the ease of shopping and smartphone penetration, which will likely boost the market. The increasing need for data analysis and analytics integration is expected to propel the utilization of the Internet of Things market over the forecast period. For instance, Amazon's first store in Seattle, the United States, is incorporated with a self-checkout service and mobile payment methods available on Android and iOS systems. The store is equipped with cameras, sensors, and RFID readers to identify shoppers and products and uses computer vision, deep learning algorithms, and the 'sensor fusion.'
  • Also, with the advancement of artificial intelligence (AI) and augmented reality (AR) in retail establishments, the retail environment underwent a seismic shift. Retailers employ AI to identify the target market, comprehend the purchasing habits of past consumers, and provide customers with personalized product advertisements. For instance, in January this year, Google Cloud said it would launch four new artificial intelligence technologies aimed at retailers. The new technologies are mainly designed to aid retailers in transforming in-store shelf-checking processes and augment e-commerce operations, delivering more fluid and natural online shopping experiences. They also include a new "self-checking AI solution" that is primarily built on Vertex AI and leverages Google's extensive databases to provide retailers recognize "billions of products" and ensure that in-store shelves are well-stocked.
  • However, with the rise in various security-related concerns and interoperability issues, the market's overall growth rate might get restrained throughout the forecast period.
  • The pandemic significantly impacted IoT spending globally, especially in the retail sector. The merchants have postponed several new initiatives as their main priority during the economic crisis was maintaining corporate operations. As a result, IoT's retail market saw a revenue fall during the pandemic. However, it is anticipated that IoT use in retail will progressively rise after COVID-19. To eliminate human involvement and stop the coronavirus from spreading, retailers are already integrating AI technologies, cloud services, mobile payment systems, autonomous cleaning robots, and many others.

IoT in Retail Industry Overview

The internet of things in the retail market needs to be more cohesive. An increasing number of consumers embracing the smart home environment, temperature sensors deployment in warehouses, and the advent of e-commerce technologies provide lucrative opportunities in the internet of things in the retail market. Overall, the competitive rivalry among existing competitors is high. Product innovation and expansion are penetrating the industry growth effectively.

  • January 2023 - EY declared the introduction launch of a retail solution that builds on the Microsoft Cloud to help achieve seamless consumer shopping experiences. The EY organization introduced a new EY Retail Intelligence solution that primarily uses the Microsoft Cloud and Cloud for Retail to offer consumers a direct and seamless shopping experience.
  • December 2022 - KORE, a global leader in the Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (IoT CaaS), declared that it had established a go-to-market alliance with Google Cloud to bring IoT capabilities to global businesses. This multi-year alliance would help enterprises create robust IoT solutions that leverage Google Cloud infrastructure and abilities, as well as KORE's IoT Solutions. In addition, the coalition would transform the IoT industry by expanding new paths to market for industries such as Fleet/Logistics, Industrial IoT, Connected Health, retail/communications service providers, and many more.

IoT in Retail Market Leaders

  1. Amazon Web Services Inc.

  2. IBM Corporation

  3. Intel Corporation

  4. Microsoft Corporation

  5. SAP SE

  6. *Disclaimer: Major Players sorted in no particular order
Internet of Things in Retail Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

IoT in Retail Market News

  • January 2023: Wiliot, the Internet of Things pioneer whose IoT platform is enabling trillions of 'things' to gain intelligence, declared the introduction of its Innovation Kit, which equips companies of any budget and size with an easy onramp to begin building and exploring ambient IoT solutions that can solve the biggest challenges facing retail, supply chains, CPG, healthcare, agriculture, and many others.
  • January 2023: Energous Corporation, a leading developer of wireless power networks, and SATO Holdings Corporation, a global pioneer in auto-ID and labeling solutions, declared a partnership to develop joint solutions that combine Energous' 1W WattUp PowerBridge transmitters with IoT solutions for next-generation smart store applications.

IoT in Retail Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions? and Market Definition?
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis?
  • 4.4 Technology Snapshot

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing IoT Applications Among Retailers Such As Predictive Equipment Maintenance , Connected Consumer and Smart Store
    • 5.1.2 Rising Need for a Competitive Business Model to Sustain Competition
    • 5.1.2.1 Competition
  • 5.2 Market Challenges
    • 5.2.1 Security Concerns and Interoperability Issues

6. MARKET SEGMENTATION

  • 6.1 By Component
    • 6.1.1 Hardware
    • 6.1.2 Software
    • 6.1.3 Service
    • 6.1.3.1 Managed
    • 6.1.3.2 Professional
  • 6.2 Geography
    • 6.2.1 North America
    • 6.2.1.1 United States
    • 6.2.1.2 Canada
    • 6.2.2 Europe
    • 6.2.2.1 United Kingdom
    • 6.2.2.2 Germany
    • 6.2.2.3 France
    • 6.2.2.4 Italy
    • 6.2.2.5 Rest of Europe
    • 6.2.3 Asia-Pacific
    • 6.2.3.1 China
    • 6.2.3.2 India
    • 6.2.3.3 Japan
    • 6.2.3.4 Korea
    • 6.2.3.5 Rest of Asia-Pacific
    • 6.2.4 Latin America
    • 6.2.5 Middle East & Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Amazon Web Services Inc.
    • 7.1.2 AT&T Inc.
    • 7.1.3 Ayla Networks Inc.
    • 7.1.4 Bosch Software Innovations GmbH
    • 7.1.5 Cisco Systems Inc.
    • 7.1.6 Fujitsu Ltd
    • 7.1.7 General Electric
    • 7.1.8 Google Inc.
    • 7.1.9 Hewlett Packard Enterprise
    • 7.1.10 Hitachi Ltd
    • 7.1.11 Huawei Technologies Co. Ltd
    • 7.1.12 IBM Corporation
    • 7.1.13 Intel Corporation
    • 7.1.14 Microsoft Corporation
    • 7.1.15 Oracle Corporation
    • 7.1.16 SAP SE
    • 7.1.17 Siemens AG
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

IoT in Retail Industry Segmentation

IoT helps retailers to gather data and produce insights without compromising data security. As a result, retailers can maintain the basic approaches to adopting in-store connectivity (such as enabling the IoT era at the endpoints).

The Internet of Things in the Retail Market is segmented by components (hardware, software, service (managed and professional)) and geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The market sizes and forecasts are provided in value (USD million) for all the above segments.

By Component Hardware
Software
Service Managed
Professional
Geography North America United States
Canada
Europe United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific China
India
Japan
Korea
Rest of Asia-Pacific
Latin America
Middle East & Africa
Need A Different Region or Segment?
Customize Now

IoT in Retail Market Research FAQs

What is the current Internet of Things in Retail Market size?

The Internet of Things in Retail Market is projected to register a CAGR of 11.30% during the forecast period (2025-2030)

Who are the key players in Internet of Things in Retail Market?

Amazon Web Services Inc., IBM Corporation, Intel Corporation, Microsoft Corporation and SAP SE are the major companies operating in the Internet of Things in Retail Market.

Which is the fastest growing region in Internet of Things in 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 Internet of Things in Retail Market?

In 2025, the North America accounts for the largest market share in Internet of Things in Retail Market.

What years does this Internet of Things in Retail Market cover?

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

IoT in Retail Industry Report

Statistics for the 2025 Internet Of Things In Retail market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Internet Of Things In 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.