In 2020, global retail sales fell by 2.9 percent as a result of the COVID-19 pandemic, bouncing back in 2021 with a growth of 9.7 percent Global retail sales were projected to amount to around 27.3 trillion U.S. dollars by 2022, up from approximately 23.7 trillion U.S. dollars in 2020.

American retailers worldwide
As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail.

Retail in the U.S.
The domestic retail market in the United States is a lucrative market, in which many companies compete. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.

According to Cognitive Market Research, the global retail sector market size will be USD 29584.5 million in 2024. It will rise at a compound annual growth rate (CAGR) of 5.9% between 2024 and 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 11833.8 million in 2024 and will climb at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8875.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6804.4 million in 2024 and will climb at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1479.2 million in 2024 and will climb at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Middle East & Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 591.7 million in 2024 and will climb at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
The independent retailer segment is the fastest-growing ownership category of the retail sector industry.

Market Dynamics of Retail Sector Market

Key Drivers for Retail Sector Market

Increased Focus on Personalized User Experience to Facilitate Market Growth

The rapid growth of e-commerce has transformed the retail landscape. Consumers increasingly prefer the convenience of online shopping due to its accessibility, variety, and ease of comparison. This flexibility is particularly appealing to busy individuals and families. The proliferation of smartphones and improved internet access globally enables more people to engage in online shopping. This trend is especially prominent in emerging markets where digital access is expanding rapidly. Retailers are continuously investing in user-friendly websites, mobile apps, and personalized shopping experiences, utilizing AI and machine learning to tailor recommendations and promotions to individual preferences. For instance, on January 19, 2023, Tata Consultancy Services (TCS) announced TCS Customer Intelligence & Insights (CI&I) for Retail 3.0 to assist merchants in strengthening their client interactions. This provides hyper-personalized involvement at all stages of the customer journey. The platform delivers insights, forecasts, and recommended actions at key physical and digital touchpoints, resulting in increased marketing ROI and customer happiness.

Robust Adoption of Highly Advanced Technologies to Promote Market Developments

Emerging technological innovations are reshaping the retail sector by enhancing operational efficiency, improving customer experiences, and enabling personalized marketing strategies. Retailers are leveraging AI for inventory management, customer service, and personalized recommendations. AI-driven analytics help retailers understand consumer preferences and optimize their product offerings accordingly. The use of big data allows retailers to analyze consumer behavior, preferences, and purchasing patterns. This data-driven approach enables targeted marketing strategies and improves customer engagement. For instance, in January 2023, Microsoft and AiFi, a firm that helps businesses adopt modern shopping technology at a reasonable cost, announced their cloud service 'Smart Store Analytics'. Smart store analytics, which is part of Microsoft's Cloud for Retail product suite, provides shopper and operational data for retailers who use AiFi technology in their smart store fleets.

Restraint Factor for the Retail Sector Market

Growing Number of Retail Players Increases Price Wars to Limit Market Share

The growing number of retailers and e-commerce platforms is intensifying price competition within the retail sector. As more players enter the market, both brick-and-mortar stores and online platforms are vying for consumer attention by offering competitive pricing strategies. This increased competition leads to frequent discounting, promotional offers, and price wars, which can erode profit margins for retailers. Smaller businesses, in particular, face challenges in maintaining profitability as they compete with larger retailers who can leverage economies of scale to offer lower prices. Thus, the pressure to balance competitive pricing with sustainable marg...

The global retail market size reached USD 30,092.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 48,867.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.26% during 2025-2033. There are various factors that are driving the market, which include the rising focus on personalized user experience, technological innovations, and various collaborations and partnerships among key players to expand their market reach and increase user engagement.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 30,092.3 Billion
Market Forecast in 2033	USD 48,867.9 Billion
Market Growth Rate (2025-2033)	5.26%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product and distribution channel.

A detailed dataset exploring the retail industry in 2025, including market size, store counts, revenue trends, AI integration, and consumer behavior across the US and globally.

Retail Market Outlook

According to our latest research, the global retail market size reached USD 29.4 trillion in 2024, with a compound annual growth rate (CAGR) of 5.1% recorded over recent years. This robust expansion is primarily driven by evolving consumer preferences, digital transformation, and the rapid adoption of omnichannel retail strategies. Based on current growth trends and our comprehensive analysis, the global retail market is forecasted to achieve a value of USD 46.1 trillion by 2033, underscoring the sector's pivotal role in the global economy and its consistent appeal across diverse demographics and geographies.

A significant growth factor for the retail market is the accelerated shift towards digitalization and e-commerce. The proliferation of internet connectivity, smartphone adoption, and advanced payment solutions has fundamentally transformed how consumers interact with retail brands. Retailers are leveraging artificial intelligence, big data analytics, and personalized marketing to enhance the customer experience and drive sales. The integration of online and offline channels, commonly known as omnichannel retailing, allows businesses to offer seamless shopping experiences, enabling consumers to research, purchase, and return products across multiple platforms. This digital evolution is not only attracting tech-savvy younger generations but also expanding the reach of retail businesses to previously underserved markets, thereby fueling overall industry growth.

Another crucial driver is the increasing focus on sustainability and ethical consumption. Modern consumers are becoming more environmentally conscious, demanding transparency in sourcing, production, and distribution processes. Retailers are responding by adopting sustainable supply chains, eco-friendly packaging, and responsible sourcing practices. This trend is particularly prominent in the apparel, food and beverage, and health and personal care segments, where ethical considerations significantly influence purchasing decisions. Retailers who prioritize sustainability are gaining a competitive edge, building brand loyalty, and attracting a growing segment of consumers willing to pay a premium for ethically produced goods. This shift towards responsible retailing is expected to further accelerate market growth in the coming years.

Additionally, the expansion of organized retail formats and the modernization of traditional retail infrastructure are propelling the market forward. Emerging economies are witnessing a transformation from unorganized, fragmented retail landscapes to more structured, organized formats such as supermarkets, hypermarkets, and specialty stores. This transition is driven by urbanization, rising disposable incomes, and shifting lifestyles, particularly in Asia Pacific and Latin America. The entry of international retail giants and the rise of homegrown organized retail chains are enhancing product accessibility, variety, and quality. As organized retail continues to penetrate deeper into rural and semi-urban areas, it is expected to unlock new growth avenues and contribute significantly to the overall expansion of the global retail market.

From a regional perspective, Asia Pacific remains the dominant force in the global retail market, accounting for the largest share in 2024. The region's growth is underpinned by rapid urbanization, a burgeoning middle class, and high consumer spending, particularly in China and India. North America and Europe continue to exhibit steady growth, driven by technological innovation and mature retail infrastructures. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by improving economic conditions and increasing investments in retail development. This diverse regional outlook highlights the global nature of the retail industry and the multitude of opportunities available for market participants across different geographies.

Product Type Analysis

The retail market is segmented by product type into food & bev

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Retail Analytics Market Size 2025-2029

The retail analytics market size is forecast to increase by USD 28.47 billion, at a CAGR of 29.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing volume and complexity of data generated by retail businesses. This data deluge offers valuable insights for retailers, enabling them to optimize operations, enhance customer experience, and make data-driven decisions. However, this trend also presents challenges. One of the most pressing issues is the increasing adoption of Artificial Intelligence (AI) in the retail sector. While AI brings numerous benefits, such as personalized marketing and improved supply chain management, it also raises privacy and security concerns among customers.
Retailers must address these concerns through transparent data handling practices and robust security measures to maintain customer trust and loyalty. Navigating these challenges requires a strategic approach, with a focus on data security, customer privacy, and effective implementation of AI technologies. Companies that successfully harness the power of retail analytics while addressing these challenges will gain a competitive edge in the market.

What will be the Size of the Retail Analytics Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the constant need for businesses to gain insights from their data and adapt to shifting consumer behaviors. Entities such as text analytics, data quality, price optimization, customer journey mapping, mobile analytics, time series analysis, regression analysis, social media analytics, data mining, historical data analysis, and data cleansing are integral components of this dynamic landscape. Text analytics uncovers hidden patterns and trends in unstructured data, while data quality ensures the accuracy and consistency of information. Price optimization leverages historical data to determine optimal pricing strategies, and customer journey mapping provides insights into the customer experience.

Mobile analytics caters to the growing number of mobile shoppers, and time series analysis identifies trends and patterns over time. Regression analysis uncovers relationships between variables, social media analytics monitors brand sentiment, and data mining uncovers hidden patterns and correlations. Historical data analysis informs strategic decision-making, and data cleansing prepares data for analysis. Customer feedback analysis provides valuable insights into customer satisfaction, and association rule mining uncovers relationships between customer behaviors and purchases. Predictive analytics anticipates future trends, real-time analytics delivers insights in real-time, and market basket analysis uncovers relationships between products. Data security safeguards sensitive information, machine learning (ML) and artificial intelligence (AI) enhance data analysis capabilities, and cloud-based analytics offers flexibility and scalability.

Business intelligence (BI) and open-source analytics provide comprehensive data analysis solutions, while inventory management and supply chain optimization streamline operations. Data governance ensures data is used ethically and effectively, and loyalty programs and A/B testing optimize customer engagement and retention. Seasonality analysis accounts for seasonal trends, and trend analysis identifies emerging trends. Data integration connects disparate data sources, and clickstream analysis tracks user behavior on websites. In the ever-changing retail landscape, these entities are seamlessly integrated into retail analytics solutions, enabling businesses to stay competitive and adapt to evolving market dynamics.

How is this Retail Analytics Industry segmented?

The retail analytics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  In-store operation
  Customer management
  Supply chain management
  Marketing and merchandizing
  Others


Component

  Software
  Services


Deployment

  Cloud-based
  On-premises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The in-store operation segment is estimated to witness significant growth during the forecast period. In the realm of retail, the in-store operation segment of the market plays a pivotal role in optimizing brick-and-mortar retail operations. This segment encompasses various data analytics applications with

This statistic shows the value of the retail analytics market worldwide in 2016, with a forecast from 2017 to 2022. The global retail analytics market was valued at **** billion U.S. dollars in 2016, and was forecast to reach about *** billion dollars by 2022.

The rapid ascent of e-commerce and omnichannel strategies is reshaping consumer engagement and purchasing patterns, driving a wave of transformation across the retail trade sector. As of 2025, the sector is expected to log $7.4 trillion in revenue, although its growth is anticipated to decelerate slightly to 0.4% in the current year. Gen Z and millennials have championed the digital shopping revolution, pushing retailers to prioritize online sales and customer engagement platforms. However, brick-and-mortar stores retain a pivotal role in supporting ongoing customer engagement alongside the online momentum as retailers blend physical and digital experiences. As automation has augmented efficiency across operations, retailers have also strategically diversified product lines and incorporated sustainability into their brands to meet changing consumer expectations. Over the past five years, the retail sector has seen a compound annual growth rate of 2.2%, which underscores the impact of diversified strategies in maintaining momentum. The adoption of automation has produced mixed results. Self-checkout systems, for example, have reduced payroll expenses for businesses while streamlining the customer experience, though several studies have reported that some customer segments dislike self-checkout due to technological glitches and some retailers have struggled with implementation and reported a rise in theft. Major chains like Target have honed their product diversification strategies, transforming their stores into one-stop shops that blend essential goods with discretionary items and healthcare, driving up revenue in multiple categories. Sustainability is another theme of the current period, with the sector’s commitment marked by increased budgets for eco-friendly practices and a growing market for pre-owned goods. Despite high inflation during the period giving way to high interest rates that stayed stagnant for a year before beginning to fall again in September 2024, retailers managed to navigate the challenges of economic fluctuations and keep consumer interest high through diversification. A projected compound annual growth rate of 0.9% for the next five years would set revenue on a steady path toward an expected $7.7 trillion through the end of 2030. Artificial intelligence is set to further revolutionize retail operations, enhancing stock management, logistics and consumer personalization. Augmented and virtual reality technologies will prove integral to engaging the tech-savvy younger generations by offering novel ways to interact with products before purchase. However, global trade tensions and tariffs could challenge profitability as retailers manage higher import costs. Reverse logistics will thrive as consumers’ eco-consciousness continues to grow, turning returns into revenue opportunities and aligning with trends toward sustainable consumption. The sector’s profit is expected to remain steady over the next five years, bolstered by consumers’ willingness to trade up to items that mix luxury and affordability.

A comprehensive dataset providing key insights into the eCommerce industry, including global retail online sales projections, number of eCommerce stores, digital buyer statistics, revenue growth in the United States, sector-wise revenue details with a focus on consumer electronics, average conversion rates, and mobile commerce sales forecasts.

Retail Sales in the United States increased 0.60 percent in June of 2025 over the previous month. This dataset provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The global licensed merchandise industry encompasses toys and games, stationery and paper products, sporting goods, housewares, infant products, home furnishings, apparel, video games and software and publishing activities. In 2017, global retail sales of licensed merchandise amounted to around ***** billion U.S. dollars.

Retail Analytics Market is Segmented by Solutions (Software and Services), Deployment (Cloud, On-Premises, Hybrid), Function (Customer Management, Supply Chain Management, Marketing and Merchandising - Pricing/Yield, Other Functions - Order Management), Retail Format (Brick-And-Mortar Stores, Pure-Play E-Commerce, Omnichannel Retailers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).

The global retail market, encompassing online and offline channels across diverse sectors like food and grocery, apparel, and consumer electronics, is experiencing robust growth. While precise figures for market size and CAGR aren't provided, a reasonable estimate, based on recent industry reports and considering the substantial contributions of major players like Amazon and Alibaba, places the 2025 market size at approximately $25 trillion USD. This significant value reflects the enduring consumer demand for goods and services, fueled by factors such as rising disposable incomes in developing economies and the increasing adoption of e-commerce platforms. Key drivers include technological advancements enhancing customer experience (e.g., personalized recommendations, seamless mobile shopping), the expanding middle class globally, and the ongoing shift towards omnichannel retail strategies. However, challenges persist, including supply chain disruptions, fluctuating economic conditions impacting consumer spending, and increasing competition within the sector. Significant regional variations exist. North America and Europe currently hold the largest market shares, but Asia-Pacific is projected to experience the fastest growth due to its burgeoning e-commerce market and rising consumer base. The segmentation by application reveals the dominance of food and grocery retail, while the type segmentation highlights the rapid expansion of online retail, gradually encroaching on the market share of traditional brick-and-mortar stores. This evolution necessitates continuous adaptation by retailers, demanding investments in technology and logistics to meet changing consumer preferences and maintain competitiveness. Future growth will hinge on effective omnichannel strategies, personalized marketing, sustainable practices, and successful navigation of evolving geopolitical and economic landscapes.

Key information about Netherlands Retail Sales Growth

• Netherlands Retail Sales dropped 4.2 % YoY in May 2023, compared with a 7.1 % decrease in the previous month.
• Netherlands Retail Sales Growth YoY data is updated monthly, available from Jan 2001 to May 2023, with an average growth rate of 1.2 %.
• The data reached an all-time high of 13.5 % in Jan 2022 and a record low of -10.5 % in Apr 2012.
• In the latest reports, Car Sales of Netherlands recorded 386,458.0 units in Dec 2022, representing a drop of 4.1 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Retail Trade Volume Index. Statistics Netherlands provides Retail Trade Volume Index with base 2015=100. Retail Sales exclude Dispensing Chemists. Retail Sales: Incl. Motor Vehicles Growth prior to January 2006 is calculated from Retail Trade Volume Index with base 2005=100.

The Retail Management Software market plays a pivotal role in streamlining operations for businesses within the retail sector, offering a comprehensive solution for managing various aspects such as inventory, sales, customer relationships, and reporting. As consumer behavior continues to evolve, retailers face incre

Retail Market, Retail Market Size, Retail Market Trends, Retail Market Forecast, Retail Market Risks, Retail Market Report, Retail Market Share

Verdict Retail’s, "Global Retail Sales of Department Stores: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Department Stores" for each category at country and segment level. The segment level analytics are provided for the following product categories: (where applicable) Apparel, accessories, luggage and leather goods Books, news and stationery Electrical and electronics Food and grocery Furniture and floor coverings Health and beauty Home and garden products Music, video and entertainment software Sports and leisure equipment Verdict Retail categorizes "Department Stores" as multi-Channel retailers, focusing primarily on non-grocery categories with distinct departments specializing in defined product areas. "Global Retail Sales of Department Stores: Market Size, Growth and Forecast to 2020" report is the result of Verdict Retail’s extensive market research covering the retail industry in Global. The report acts as an essential tool for companies active across the Globe's retail industry and for new players considering entering the market. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting. Countries covered in this report: Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Republic of Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovak Republic, South Africa, South Korea, Spain, Sweden, Thailand, Turkey, United arab Emirates, United Kingdom, Ukraine, United States, Venezuela. This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Read More

Verdict Retail’s, "Global Retail Sales of Online Retailers: Market Size, Growth and Forecast to 2020" provides detailed historic and forecast statistics on retails sales from 2010 to 2020 taking place at "Online Retailers" for each category at country and segment level. The segment level analytics are provided for the following product categories: (where applicable) Apparel, accessories, luggage and leather goods Books, news and stationery Electrical and electronics Food and grocery Furniture and floor coverings Health and beauty Home and garden products Music, video and entertainment software Sports and leisure equipment Verdict Retail categorizes "Online Retailers" as a channel where in sales take place over the Internet, irrespective of whether the vendor is a pure-play Internet company or the online offering of a real-world retailer. "Global Retail Sales of Online Retailers: Market Size, Growth and Forecast to 2020" report is the result of Verdict Retail’s extensive market research covering the retail industry in Global. The report acts as an essential tool for companies active across the Globe's retail industry and for new players considering entering the market. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting. Countries covered in this report: Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Republic of Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovak Republic, South Africa, South Korea, Spain, Sweden, Thailand, Turkey, United arab Emirates, United Kingdom, Ukraine, United States, Venezuela. This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Read More

Key information about France Retail Sales Growth

• France Retail Sales grew 1.6 % YoY in Dec 2024, compared with a 1.8 % increase in the previous month.
• France Retail Sales Growth YoY data is updated monthly, available from Jan 1996 to Dec 2024, with an average growth rate of 2.4 %.
• The data reached an all-time high of 43.9 % in Apr 2021 and a record low of -31.5 % in Apr 2020.
• In the latest reports, Car Sales of France recorded 1,929,554.0 units in Dec 2022, representing a drop of 9.9 %.

CEIC calculates monthly Retail Sales: Excl. Motor Vehicles Growth from monthly Retail Trade Index. The National Institute of Statistics and Economic Studies provides Retail Trade Index with base 2021=100. Retail Sales: Excl. Motor Vehicles Growth prior to January 2006 is calculated from Retail Trade Index with base 2010=100.

Retail Analytics Market is expected to reach a valuation of $9.1 billion by 2024, with a projected compound annual growth rate (CAGR) of 21.4% to reach $63.1B by 2034.