This statistic shows the grocery market size of selected European countries in 2017 and a forecast for their values in 2022. The sales in the grocery retail market in Russia from 2017 accounted for ****** billion Euro. The forecast shows that the sales in the grocery market for 2022 for Russia are expected to jump to ****** billion Euro.

The United Kingdom consistently maintained the highest share of online retail, rising from 23 percent in 2017 to a peak of 28 percent during 2020 and 2021, before stabilizing at around 27 percent in 2024. Germany and France began with much lower shares, at 11 and 10 percent, respectively, in 2017, but both experienced steady increases, particularly during the pandemic, reaching 18 and 17 percent by 2021. After this surge, all three countries saw a slight decline as physical retail recovered, with levels remaining relatively stable by 2024. The European e-commerce giant Globally, online commerce is on the rise. It was estimated that in 2024 online retail sales would sum to around 7.4 trillion U.S. dollars, and additionally it is forecast to increase to 9.4 trillion U.S. dollars by 2026. When taking a closer look at Europe, the UK not only had the highest share of online retail sales but also had the highest retail sales value in Europe, followed by Germany and France. In 2022, the UK reached approximately 106 billion British pounds in online retail sales, while Germany generated around 90 billion British pounds and France accumulated less than 60 billion British pounds. Rise of online retail within the UK Within the UK, the index that measures the value of monthly internet retail sales in Great Britain grew from 124.6 in November 2022 to 216.2 in November 2023. The rise of online retail in Great Britain can also be seen in the percentage change in monthly online retail sales, which increased to 6.6 percent in June 2023. When looking at all sectors of online retail, household goods stores incurred the largest increase in online sales, with almost a 12 percent YoY change, while department stores saw the lowest YoY change of just under one percent.

Discover the thriving European commercial real estate market! Our analysis reveals a €1.47 trillion market in 2025, projected to grow at a 3.53% CAGR until 2033, driven by tech, e-commerce, and hospitality. Explore key trends, regional insights, and leading companies shaping this dynamic sector. Recent developments include: March 2022: BNP Paribas Real Estate acquired a residential asset for its mutual fund BNP Paribas Diversipierre from HT Group, based out of Hamburg. The residential asset is located in Hamburg's Bergedorf district in Germany. This acquisition was made to build a residential asset portfolio and diversify the company's presence in Europe., February 2022: Blackstone Inc. (a leading global investment company) recapitalized its European last-mile logistics company. Blackstone Inc., an existing investor in Midway (a company that owns urban warehouses), agreed to a deal that values the business at USD 24 billion.. Key drivers for this market are: Increasing number of startups. Potential restraints include: Low Awareness and Privacy Issues. Notable trends are: Increasing Investments in the Commercial Real Estate Sector.

Over the five years through 2025, industry revenue is expected to drop at a compound annual rate of 5.8%. Specialist food retailers in the UK have endured a turbulent period marked by soaring costs, fragile consumer confidence, and intensifying competition. Supermarkets and discounters intensified pressure, expanding private label ranges into premium and organic lines. In response, specialists leaned on differentiation through provenance, artisanal quality, sustainability, and closer community ties, with many embracing digital tools, home delivery, and loyalty initiatives. Evolving consumer habits also spurred adoption of grocery-plus models, blending retail and food service to deliver ready-to-eat, health-focused, and locally sourced meals—an increasingly important lever of resilience and growth.Operating expenses rose sharply due to surging ingredient, feed, energy, and labour costs, squeezing margins even as food inflation eased from an EU peak of 19.3% in 2023 to 3.1% by mid-2025. Stubborn input costs and stagnant household budgets kept value top of mind for consumers, with over a third of UK shoppers still cutting back on groceries. Labour costs climbed with minimum wage hikes and tight labour markets, challenging a sector reliant on personal service and skilled staff. Independents often turned to flexible or family labour, while larger chains absorbed premium wage pressures. Energy shocks in 2022 pushed many small shops to the brink, with government relief proving vital. In 2025, revenue is expected to dip by 4.7% to €99.5 billion, while profit is anticipated to absorb 8.7% of revenue. Over the five years through 2030, revenue is expected to dip at a compound annual growth rate of 1.5% reaching €92.2 billion, while profit is anticipated to remain under pressure from intense competition reaching 7.2% of revenue. Specialist food retailers face a complex future shaped by labour pressures, intensifying competition, and shifting consumer values. Persistent labour shortages and rising wages will remain a defining challenge, with larger chains turning to automation to offset costs, while smaller shops balance authenticity with cautious digital adoption, wary of undermining their artisanal identity. Competitive pressure will sharpen as supermarkets expand premium private labels and capture more foot traffic through scale and strategic locations. To stand out, specialist retailers must lean into differentiation, offering experiences such as tastings, workshops and masterclasses, alongside stronger storytelling and digital engagement. Consumer behaviour will reinforce opportunities for specialists. Health, sustainability and premiumisation are driving demand for fresh, ethically sourced and high-quality food. Younger shoppers, in particular, expect traceability and are willing to pay premiums for welfare-friendly, clean-label products.

Europe Travel Retail Market size is valued at USD 19.52 Billion in 2024 and is anticipated to reach USD 39.84 Billion by 2032, growing at a CAGR of 9.4% from 2026 to 2032.Key Market Drivers:Increasing International Tourist Arrivals: The surge in international tourist arrivals across Europe is significantly driving the travel retail market. According to the European Travel Commission (ETC), Europe welcomed 550 million international tourists in 2023, representing a 91% recovery to pre-pandemic levels. The United Nations World Tourism Organization (UNWTO) further projects that European tourism will fully recover and exceed 2019 levels by 3.2% in 2025, with an estimated 580 million international arrivals.Expansion of Air Transportation Networks: The continuous expansion of air travel infrastructure and routes is boosting the travel retail sector. Airports Council International (ACI) Europe reported that European airports handled 2.3 billion passengers in 2023, with a growth rate of 19% compared to 2022. Additionally, Eurocontrol's aviation forecast predicts that European air traffic will increase by 14.3% between 2024 and 2026, reaching approximately 11.1 million flights annually, creating expanded opportunities for airport retail.

European Deflated Turnover Index of Retail Not in Stores, Stalls or Markets by Country, 2022 Discover more data with ReportLinker!

The size of the Europe Retail Automation Industry market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 13.10% during the forecast period. Recent developments include: January 2023 - Currys, the UK-based retailer, partnered with a digital display specialist UX Global (UXG), to trial KettyBot, the robot for customer assistance. China's Pudu Robotics develops KettyBot. The robot will significantly help customers who know what they want but need a little assistance finding it in the store. This way, customers will save time while enhancing their in-store experience., November 2022 - Adapta Robotics, in partnership with Carrefour, launched ERIS, the first retail robot for the Romanian market. This robot is programmed to manage the inventory by identifying the out-of-stock items and prices displayed on the shelf. This way, ERIS replaces the human intervention of managing shelves every day by solving repetitive tasks quickly and correctly., November 2022 - Pudu Robotics collaborated with retail Carrefour to trial BellaBot, the robot assisting store operations in Poland. The bot is used to deliver Pepsi beverages and chips to the store. The distinctive shopping experience has been favorably appreciated by local shoppers who dubbed it "Kerfus." The attractive look and clever delivery features of Kerfu have generated a lot of conversation among enthusiasts. Many social media mentions and reactions have successfully increased Carrefour's product sales. In response to Kerfu's rising fame, Carrefour declared that roadshows and exclusive fan gatherings for Kerfu would be held at more than 100 Carrefour locations throughout Poland.. Key drivers for this market are: Rising Demand for Quality and Fast Service, Automated Technologies Being More Widely Used in the Retail Business. Potential restraints include: Technical and Security Concerns. Notable trends are: Grocery Retailers are Expected to Hold a Significant Market Share.

European Turnover Index of Retail Via Stalls and Markets by Country, 2022 Discover more data with ReportLinker!

Italy is expected to be the fastest-growth digital retail media market in Europe between 2022 and 2026, when Amazon is not considered, With a compound annual growth rate of **** percent. Spain is forecast to rank second, with a growth rate of ** percent annually.

In 2022, cross-border e-commerce accounted for ** percent of the online retail market in Luxembourg. Apart from the small European state, Ireland followed with a market share of **** percent. Last in the ranking, Dutch consumers seemed to mostly prefer national e-retailers, as only **** percent of the Netherlands' online retail revenue was generated by e-commerce businesses abroad.

Over the five years through 2025, textile retailing revenue is expected to fall at a compound annual rate of 1.1%. Once a favourite pastime, knitting and sewing have fallen out of favour thanks to the internet boom and alternative entertainment like Netflix and scrolling on social media. The explosion of fast fashion has decimated the textile and fashion sector. Before, stitching up holes and repairing garments were ways to extend the life of clothing items, but this isn’t the case anymore. The popularity of fast fashion means it’s often not worth the time or effort to replace a garment when something new can be bought for less than €20. Gen-Z shoppers have a keen interest in individuality and expressing personality through clothing – including making their own – but this market isn’t big enough to offset falls in other areas. People are cutting back their spending on non-essential items like blankets and table linen while household finances remain tight. Inflation has reshaped consumer priorities. Although price growth has moderated since 2022, real incomes remain constrained, prompting households to save more and spend less on non-essentials and consumers increasingly favour budget retailers like IKEA over heritage brands. Demographic trends add further complexity to the industry. Delayed independence and overcrowding in many European markets dampen demand for large-format or decorative fabrics, but growth potential lies in compact, modular and affordable product lines. At the same time, sustainability has moved centre stage. The EU’s Extended Producer Responsibility scheme, effective from 2025, compels retailers to manage textile waste and redesign products for circularity. Social media accelerates trend cycles and intensifies competition from agile digital players. To thrive, retailers must combine value, sustainability and speed, leveraging digital influence while adapting product strategies to shifting economic and demographic realities. In 2025, revenue is expected to drop by 0.8% to €17.4 billion, while profit inches down to an estimated 4.8% as competitive and cost pressures grow. Over the five years through 2030, textile retailing revenue is expected to inch upwards at a compound annual rate of 2.6% to €19.7 billion. Europe’s home textile retailers are reshaping supply chains to boost resilience and meet new sustainability rules. Energy shocks, supply disruptions and regulatory pressure are accelerating nearshoring to Portugal, Romania, Turkey and Bulgaria, cutting lead times, transport emissions and inventory waste while improving traceability. From 2030, Digital Product Passports will make supply chain transparency mandatory, pushing retailers to invest in data systems and traceability infrastructure. At the same time, bio-based fibres and regenerative agriculture are transforming material sourcing. Hemp, lyocell and waste-derived fibres offer lower emissions and compliance advantages, while upcoming EU Green Claims rules demand verifiable sustainability. Early adopters of nearshoring, traceability and sustainable materials will gain speed, trust and competitiveness.

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Augmented Reality In Retail Market Size 2024-2028

The augmented reality in retail market size is forecast to increase by USD 19.51 billion at a CAGR of 57.74% between 2023 and 2028. Augmented Reality (AR) is revolutionizing the retail industry by offering great shopping experiences. AR technology is increasingly being used for planning and designing, with applications ranging from information systems in jewelry and beauty and cosmetics to apparel fitting and footwear segments. AR is transforming furniture and lighting shopping by enabling customers to visualize products in their homes before purchasing. In the grocery shopping sector, AR is used for inventory management and product information. The footwear segment, particularly the Jewelry segment, is witnessing significant growth due to AR's ability to provide accurate measurements and customized designs. However, challenges such as privacy and security concerns, the need for LiDAR technology, and language translation for international markets may hinder market growth.

The growing use of smartphones and tablets is fueling the adoption of AR in online shopping, making it an essential tool for retailers to stay competitive.

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Augmented Reality (AR) is revolutionizing the retail sector by merging digital objects with the real world, offering a great shopping experience. Customers can use viewing devices like phones, tablets, or AR glasses to interact with virtual elements in real-time. Digital technology is transforming physical stores into interactive spaces, allowing retailers to provide customers with visual and auditory information. The retail industry, including furniture retailers, is embracing AR to cater to younger customers who prefer online shopping. With smartphone penetration and internet penetration on the rise, connected devices are becoming the new norm. AR is being used for advertising, virtual fitting rooms, and visualizing software, enhancing the customer experience and reducing returns rates.

IoT spending on AR is expected to increase, offering opportunities for retailers to create unique shopping experiences. Online conversion rates are also expected to improve as AR provides a more engaging and interactive shopping experience.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Apparel
  Furniture lighting and decor
  Footwear
  Grocery
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Type Insights

The apparel segment is estimated to witness significant growth during the forecast period. The market has witnessed significant growth, particularly in the apparel segment, due to the increasing adoption of advanced technology applications among consumers and the trend towards fashion clothing with intricate designs. AR technology is transforming retail by enabling interactive branding and marketing experiences for consumers, whether at home on their smartphones or in-store using handheld devices or smart AR mirrors. This technology allows for virtual try-on solutions, enhancing the shopping experience and driving sales. The use of AR is not limited to mobile devices, as head-mounted displays are also gaining popularity in certain applications. While the benefits of AR in retail are numerous, privacy and security concerns remain, necessitating the development of hardware and software solutions and services to address these issues.

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The apparel segment was valued at USD 321.70 million in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The use of AR technology to make advertising more effective is the key driver of the market. Augmented Reality (AR) technology is revolutionizing the retail sector by merging digital objects with the real world. Utilizing a viewing device such as a phone or tablet, or AR glasses, consumers can interact with digital content overlaid on physical items in real-time. This innovative technology offers a more engaging shopping experi

The global big data analytics in retail market size is projected to reach USD 40.88 billion by 2030, growing at a CAGR of 23.2% and North America is the most significant shareholder in the global market.
Report Scope:

Report Metric	Details
Market Size in 2021	USD 6.25 Billion
Market Size in 2022	USD XX Billion
Market Size in 2030	USD 40.88 Billion
CAGR	23.2% (2022-2030)
Base Year for Estimation	2021
Historical Data	2018-2020
Forecast Period	2022-2030
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Component,By Deployment,By Organization Size,By Applications,By Region.
Geographies Covered	North America, Europe, APAC, Middle East and Africa, LATAM,
Countries Covered	U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia,

The global Big Data Analytics in Retail market is experiencing robust growth, projected to reach $6.38 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 21.20% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing volume of consumer data generated through e-commerce, loyalty programs, and in-store sensors provides retailers with unprecedented opportunities for personalized marketing, optimized supply chains, and improved customer service. Advanced analytics techniques, such as predictive modeling and machine learning, enable retailers to anticipate demand, personalize offers, and enhance operational efficiency, leading to significant cost savings and revenue growth. Furthermore, the adoption of cloud-based analytics solutions is simplifying data management and analysis, making big data solutions accessible to businesses of all sizes. The market segmentation reveals strong growth across all application areas (Merchandising & Supply Chain Analytics, Social Media Analytics, Customer Analytics, and Operational Intelligence), with large-scale organizations currently leading the adoption, though SMEs are rapidly catching up. The competitive landscape is dynamic, featuring both established technology giants (IBM, Oracle, SAP) and specialized analytics providers (Qlik, Alteryx, Tableau). Continued growth in the Big Data Analytics in Retail market is anticipated due to factors such as the increasing sophistication of analytical techniques, the rise of omnichannel retailing, and the growing importance of data-driven decision-making. The integration of artificial intelligence (AI) and Internet of Things (IoT) data into existing analytics platforms will further fuel market expansion. While data security and privacy concerns represent a potential restraint, the ongoing development of robust security protocols and compliance frameworks will mitigate these risks. Geographic growth will be diverse, with North America and Europe expected to maintain a significant market share due to early adoption and technological advancement, however, the Asia-Pacific region is poised for substantial growth driven by rapid e-commerce expansion and increasing digitalization across various retail segments. This overall positive outlook suggests the Big Data Analytics in Retail market is well-positioned for continued and substantial growth throughout the forecast period. This report provides a comprehensive analysis of the Big Data Analytics in Retail Market, projecting robust growth from $XXX Million in 2025 to $YYY Million by 2033. It leverages data from the historical period (2019-2024), base year (2025), and forecast period (2025-2033) to offer invaluable insights for stakeholders. The study covers key players such as Qlik Technologies Inc, IBM Corporation, Fuzzy Logix LLC, Retail Next Inc, Adobe Systems Incorporated, Hitachi Vantara Corporation, Microstrategy Inc, Zoho Corporation, Alteryx Inc, Oracle Corporation, Salesforce com Inc (Tableau Software Inc), and SAP SE, among others. Recent developments include: September 2022 - Coresight Research, a global provider of research, data, events, and advisory services for consumer-facing retail technology and real estate companies and investors, acquired Alternative Data Analytics, a leading data strategy, and insights firm. This acquisition will significantly increase data capabilities and further extend expertise in data-driven research., August 2022 - Global Measurement and Data Analytics company Nielsen and Microsoft launched a new enterprise data solution to accelerate innovation in retail using Artificial Intelligence data analytics to create scalable, high-performance data environments.. Key drivers for this market are: Increased Emphasis on Predictive Analytics, Merchandising and Supply Chain Analytics Segment Expected to Hold Significant Share. Potential restraints include: Complexities in Collecting and Collating the Data From Disparate Systems. Notable trends are: Merchandising and Supply Chain Analytics Segment Expected to Hold Significant Share.

The European e-commerce apparel market is experiencing robust growth, driven by increasing internet and smartphone penetration, a preference for online shopping convenience, and the rising popularity of fast fashion. The market's Compound Annual Growth Rate (CAGR) of 8.05% from 2019 to 2024 suggests a consistently expanding market, projected to continue its upward trajectory through 2033. Key segments driving this growth include formal wear, casual wear, and sportswear, particularly within the men's and women's end-user categories. Third-party retailers constitute a significant portion of the market, although company-owned websites are rapidly gaining traction, showcasing the importance of direct-to-consumer strategies. Major players like Inditex, PVH Corp, and Fast Retailing are key competitors, continuously innovating to meet evolving consumer demands and maintain market share. The market faces certain restraints, including concerns around delivery times, returns, and the need to maintain consumer trust in online security. However, advancements in technology, including improved logistics and virtual fitting rooms, are mitigating these challenges. The geographical distribution of the market reveals significant variations across European nations. Germany, the United Kingdom, France, Italy, and Spain are expected to remain leading markets, driven by strong consumer spending and established e-commerce infrastructure. While specific market sizes for each country are not provided, we can infer that these major economies would collectively comprise a substantial portion of the overall market. Emerging markets within the "Rest of Europe" segment also offer considerable growth potential, especially as e-commerce adoption increases in less-penetrated regions. This indicates that diverse marketing strategies tailored to each region will be vital for success within this dynamic market. Continued growth is expected, contingent on overcoming the challenges mentioned and adapting to changing consumer trends and preferences. Recent developments include: February 2023: Marks & Spencers announced the launch of the sports edit platform on its website. The launch included over 200 sportswear and apparel products across women's activewear and apparel from third-party brands, including Beyond Yoga, FP Movement, Girlfriend Collective, and YMO., April 2022: Associated British Foods plc's retail brand Primark announced the launch of its brand new website, which allows customers to browse their favorite styles. The company claims that the service does not allow shoppers to buy clothes online; it only provides the ability to check the availability of products in its 191 stores across the country., March 2021: M&S announced the online launch of its 'Brands at M&S' during spring. The company claims that these new brands will be in addition to the curated offers that are already available on its website.. Key drivers for this market are: Online Retailers Offering Seamless Shopping Experience, Growing Consumer Inclination Towards Latest Sustainable Fashion. Potential restraints include: Online Retailers Offering Seamless Shopping Experience, Growing Consumer Inclination Towards Latest Sustainable Fashion. Notable trends are: Online Retailers Offering Seamless Shopping Experience.

Sales of retail paper bags in Europe are estimated to be valued at around US$ 1,874.5 million in 2023. The business is expected to reach US$ 2,956.1 million by 2033. Revenue of the retail paper bag business in Europe is projected to expand at a CAGR of 4.7% in the forecast period 2023 to 2033.

Attributes	Key Insights
Europe Retail Paper Bag Revenue, 2022	US$ 1,778.1 million
Europe Retail Paper Bag Business Estimated Revenue, 2023	US$ 1,874.5 million
Europe Retail Paper Bag Business Projected Revenue, 2033	US$ 2,956.1 million
Value-based CAGR (2023 to 2033)	4.7%

2018 to 2022 Europe Retail Paper Bag Industry Analysis Vs. 2023 to 2033 Forecast

Particular	Value CAGR
H1	3.4% (2022 to 2032)
H2	4.2% (2022 to 2032)
H1	4.4% (2023 to 2033)
H2	3.7% (2023 to 2033)

Country-wise Insights

Countries	Value CAGR
Germany	4.2%
Italy	2.6%
France	4.6%
United Kingdom	4.2%
Spain	3.1%

Category-wise Insights

Segment	Value-based CAGR
Brown Kraft (Material)	3.1%
Pasted Valve (Product)	4.9%
Agriculture (End-use)	2.0%

Scope of the Report

Attribute	Details
Estimated Europe Retail Paper Bag Business Revenue (2023)	US$ 1,874.5 million
Projected Europe Retail Paper Bags Revenue (2033)	US$ 2,956.1 million
Value-based CAGR (2023 to 2033)	4.7%
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million, Volume in Units, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Material Product Thickness End-use Country
Key Countries Covered	Germany Italy France United Kingdom Spain BENELUX Russia Rest of Europe
Key Companies Profiled	Mondi Plc Smurfit Kappa Group Plc International Paper Company Novolex Holdings, Inc. Welton Bibby And Baron Limited ProAmpac LLC Gerhard Schürholz GmbH Huhtamaki Oyj Toybe Global Packaging AB Group Packaging Smith Anderson Group Ltd Milhe & Avons BillerudKorsnas AB CEE Schisler Packaging Solutions

Snapshot img

Internet Of Things Market In Retail Applications Size 2024-2028

The Internet of Things (IoT) market in retail applications size is forecast to increase by USD 71.2 billion at a CAGR of 22.8% between 2023 and 2028. The retail industry is experiencing significant transformation with the integration of the Internet of Things (IoT) technology. IoT applications in retail include interconnected devices for data-driven supply chain management, RFID technology for inventory tracking, and personalized shopping experiences through consumer behavior analysis. The retail landscape is shifting towards omnichannel retailing, requiring seamless interoperability between various systems. Data security is a critical concern in IoT retail applications, as sensitive customer and business information is at risk. Cloud-based RFID systems are becoming increasingly popular due to their ability to provide real-time data and improve operational efficiency. artificial intelligence (AI) and augmented reality (AR) are also gaining traction in retail stores, enhancing the shopping experience and enabling smart payment solutions. However, challenges persist, including ensuring interoperability between different IoT devices and systems, addressing data security concerns, and implementing standardized protocols for data exchange. Retailers must stay informed of these trends and challenges to remain competitive and provide innovative solutions for their customers.

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The Internet of Things (IoT) is revolutionizing the retail industry by enabling interconnected devices to collect, analyze, and act on data in real-time. This transformation is leading to operational efficiencies, enhanced customer engagement, and personalized shopping experiences. IoT applications in retail span various areas, including inventory optimization, customer management, and omnichannel integration. By deploying smart shelves, retailers can monitor stock levels and automatically reorder items when necessary, reducing the risk of stockouts and overstocks. IoT-enabled customer management systems allow retailers to gather real-time data on customer behavior, enabling personalized marketing and promotions.

Moreover, omnichannel retailing is another key area where IoT is making a significant impact. Contactless shopping solutions, such as mobile wallets and contactless payments, provide a seamless shopping experience for customers across multiple channels. IoT-enabled point of sale (POS) systems enable real-time data exchange between online and offline channels, ensuring a consistent shopping experience for customers. Data analytics is at the heart of IoT applications in retail. Predictive analytics and machine learning algorithms help retailers anticipate customer demand, optimize pricing, and improve customer experience. Real-time data from IoT sensors can also be used to optimize store layouts, reduce energy consumption, and prevent retail theft.

Furthermore, smart stores are another emerging trend in retail, where IoT technologies are used to automate various store operations. Autonomous cleaning robots, for instance, can help maintain cleanliness and hygiene levels in stores, while beacons can provide location-based advertising and marketing to customers. Cloud technology plays a crucial role in enabling IoT applications in retail. It provides the necessary infrastructure for data storage, processing, and analysis, enabling retailers to gain insights from the vast amounts of data generated by IoT devices. In conclusion, the IoT is transforming the retail industry by enabling real-time data exchange, automation, and personalization.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Technology

  RFID
  Sensors
  NFC
  Cloud services
  Others


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  Middle East and Africa



  South America

By Technology Insights

The RFID segment is estimated to witness significant growth during the forecast period. The market has seen significant growth in 2023, with RFID technology leading the way. Retailers are increasingly adopting RFID tags to enhance inventory management and improve supply chain efficiency. By providing real-time inventory visibility, RFID enables automated replenishment and helps retailers meet consumer demands. The maturing RFID ecosystem and price reduction have made item-level merchandise tracking a reality, leading to optimized inventory operations. The implementation of analytics software and the use of RFID-equipped cameras for video analytics by major retailers are further driving the dema

Organic retail sales in 2023 came to approximately 46.5 billion euros in the European Union and 54.7 billion in Europe. In both cases an increase could generally be observed over the entire period. An annual increase was seen between 2004 and 2021 for both regions with a steep acceleration of growth, beginning around 2014. Retail sales of organic food in Germany amounted to approximately 16 billion euros in 2023. The second biggest market measured in retail sales was France. Per capita consumption Per capita spending on organic food in the EU-27 reached 104.3 euros per person. The highest spending on organic food could be observed in the Alps and in the North of the continent. In Switzerland and Denmark, per capita spending reached 468 and 362 euros in 2023, respectively. Sales in Germany and the UK The German market has seen a continuous upward trend in sales since the year 2000 barring only the years 2009 and 2022. The first dip was likely caused by the financial crisis. In contrast, UK sales suffered immensely after 2008 and the following years. The loss in sales was so heavy that the market needed until 2017 to generate more sales than were generated in 2007.

Snapshot img

Image Recognition Market Size 2024-2028

The image recognition market size is valued to increase USD 111.45 billion, at a CAGR of 25.49% from 2023 to 2028. Increasing instances of identity threats will drive the image recognition market.

Major Market Trends & Insights

North America dominated the market and accounted for a 36% growth during the forecast period.
By End-user - Media and entertainment segment was valued at USD 9.10 billion in 2022
By Deployment - Cloud-based segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 471.72 billion
Market Future Opportunities: USD 111.45 billion
CAGR : 25.49%
North America: Largest market in 2022

Market Summary

The market is a dynamic and continually evolving industry, driven by advancements in core technologies such as Deep learning and neural networks. Applications of image recognition span various sectors, including healthcare, retail, and security, with the growing threat of identity theft fueling demand. According to recent studies, the identity theft market is projected to reach a staggering USD20.31 billion by 2023, creating a significant need for robust image recognition solutions. Cloud-based image analysis solutions are gaining popularity due to their cost-effective deployment and scalability. However, the high cost of initial deployment and integration remains a challenge for smaller businesses.
Furthermore, regulatory compliance, particularly in the healthcare sector, adds complexity to the market landscape. Despite these challenges, opportunities abound, with the potential for expansion into new industries and applications. In conclusion, the market is a rapidly evolving industry, shaped by technological advancements, market demands, and regulatory requirements. With the increasing instances of identity threats and the growing popularity of cloud-based image analysis solutions, the market is poised for continued growth and innovation.

What will be the Size of the Image Recognition Market during the forecast period?

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How is the Image Recognition Market Segmented and what are the key trends of market segmentation?

The image recognition industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Media and entertainment
  Retail and e-commerce
  BFSI
  IT and telecom
  Others


Deployment

  Cloud-based
  On-premise


Geography

  North America

    US


  Europe

    Germany


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By End-user Insights

The media and entertainment segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, with the media and entertainment sector leading the charge. This sector's dominance is attributed to the increasing adoption of facial recognition technology in Video Surveillance systems. By analyzing audience engagement at multiplexes, businesses can deliver targeted promotions, enhance visitor experiences, and create an improved ambiance. Facial recognition technology's demand continues to expand globally, fueling the growth of the media and entertainment segment and, in turn, the market as a whole. Moreover, advancements in computer vision techniques, such as pose estimation algorithms, visual search engines, and image segmentation approaches, are driving innovation in image recognition.

GPU accelerated computing, Machine learning libraries, and deep learning frameworks are enabling more sophisticated image processing capabilities. These advancements are also leading to improvements in accuracy metrics evaluation, pattern recognition systems, and object detection algorithms. Additionally, synthetic image generation, false positive reduction, and multimodal image analysis are gaining traction in the market. These technologies enhance image quality assessment, transfer learning models, and data augmentation strategies. Furthermore, the integration of Video Analytics platforms, model optimization techniques, and real-time image processing is enabling more efficient and effective image recognition applications. The market's dynamism is also evident in the emergence of Edge Computing solutions, object tracking systems, semantic image understanding, and image retrieval systems.

Cloud-based image processing, low-light image enhancement, and false negative minimization are other areas of ongoing development. Overall, the market is continuously evolving, with numerous applications across various sectors, including healthcare, retail, and security. According to recent studies, the market is expected to grow by 25.3% in the next y

Europe Premium Chocolate Market size was valued at USD 13.18 Billion in 2023 and is projected to reach USD 19.03 Billion by 2031, growing at a CAGR of 4.7% from 2024 to 2031.

Key Market Drivers:

Consumer Preference for Sustainable and Organic Chocolate Is Growing: The agricultural market report from the European Commission states that sales of organic chocolate in Europe reached €2.1 billion in 2022, representing an 8.3% increase from the previous year. Swiss consumers spent an average of €267 per person on premium and organic chocolate goods in 2023, up 12% from the year before, according to the Swiss Federal Office for Agriculture.