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.

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.

Key information about Peru Retail Sales Growth

• Peru Retail Sales grew 4.8 % YoY in Aug 2024, compared with a 7.2 % increase in the previous month.
• Peru Retail Sales Growth YoY data is updated monthly, available from Jan 2015 to Aug 2024, with an average growth rate of 4.4 %.
• The data reached an all-time high of 86.3 % in Apr 2021 and a record low of -41.2 % in Apr 2020.
• In the latest reports, Car Sales of Peru recorded 165,146.0 units in Dec 2023, representing a growth of 1.9 %.

CEIC calculates monthly Retail Sales: Incl. Motor Vehicles Growth from monthly Retail Sales. The Ministry of Production provides Retail Sales in local currency.

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

This statistic gives information on the year-on-year revenue growth of leading e-retail categories in the United States in 2017. During the measured period, online apparel sales grew **** percent compared to the previous year.

Forecasts indicate significant growth in the e-commerce sectors of Asia in 2024. Topping the list are the Philippines and India, poised for a surge of approximately ** percent and ** percent in online sales, respectively. Following closely behind, Malaysia secures the third spot with an **** percent growth rate. Meanwhile, Bolivia and Mexico were expected to outpace other nations, with e-retail sales forecast to grow by over ** percent. A growing global e-retail market Partly fueled by a rapid increase in internet users worldwide over recent years, along with mobility constraints and the shutdown of physical stores during the COVID-19 pandemic, the global e-commerce retail market expanded fourfold from 2014 to 2022. Central to this growth has been the widespread adoption of mobile commerce, which entails online shopping through smartphones, particularly prominent in various regions of the global South. Forecasts suggested that m-commerce sales in Argentina are poised to surge by around *** times between 2022 and 2026. Fast-growing markets fueled by local players While online retail giants Amazon and Alibaba Group wield global dominance in the e-commerce landscape, they do not hold the top positions in many of the fastest-growing e-commerce markets. Based on monthly website traffic, Singaporean e-retailer Shopee is the leading e-commerce site in Singapore by a significant margin. This trend is even more pronounced in Argentina, where Mercado Libre garners nearly ** times the traffic witnessed on Amazon's Spanish page, amazon.es.

Retail Sales in Denmark increased 1.40 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Denmark Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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 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.

Key information about Italy Retail Sales Growth

• Italy Retail Sales grew 0.8 % YoY in Jan 2025, compared with a 1.4 % increase in the previous month.
• Italy Retail Sales Growth YoY data is updated monthly, available from Jan 2001 to Jan 2025, with an average growth rate of 0.7 %.
• The data reached an all-time high of 34.5 % in Apr 2021 and a record low of -27.5 % in Apr 2020.
• In the latest reports, Car Sales of Italy recorded 1,794,655.0 units in Dec 2023, representing a growth of 19.2 %.

CEIC calculates monthly Retail Sales: Excl. Motor Vehicle Growth from monthly Retail Trade Index. The Italian National Institute of Statistics provides Retail Trade Index with base 2021=100. Retail Sales exclude Tobacco and Automotive Fuels.

Specialty Retailers Market Outlook

According to our latest research, the global specialty retailers market size stood at $3.21 trillion in 2024, reflecting the sector’s robust presence and diversified reach across consumer segments. The market is projected to expand at a CAGR of 5.4% from 2025 to 2033, reaching an estimated value of $5.14 trillion by 2033. This impressive growth trajectory is primarily fueled by evolving consumer preferences, increasing disposable incomes, and the rapid integration of digital technologies within retail operations. As per our comprehensive analysis, the specialty retailers market is poised for sustained expansion, driven by innovation in product offerings and the seamless blending of physical and digital shopping experiences.

One of the primary growth factors propelling the specialty retailers market is the rising demand for personalized and niche products. Modern consumers are increasingly seeking unique, high-quality items that cater to their specific tastes and lifestyles, prompting specialty retailers to diversify their inventories and focus on curated product assortments. The proliferation of social media and digital marketing has further amplified consumer awareness and accessibility to specialty goods, enabling brands to connect with targeted audiences more effectively. As a result, specialty retailers are leveraging data-driven insights to refine their product strategies, enhance customer engagement, and build brand loyalty, all of which contribute significantly to the market’s upward momentum.

Another key driver is the integration of advanced technologies across retail operations, which has revolutionized the shopping experience for both consumers and retailers. The adoption of artificial intelligence, machine learning, and predictive analytics has allowed specialty retailers to optimize inventory management, streamline supply chains, and deliver personalized recommendations. Additionally, the growth of omnichannel retailing—where online and offline channels are seamlessly integrated—has enabled specialty retailers to provide flexible shopping options, such as buy-online-pickup-in-store (BOPIS) and same-day delivery. These technological advancements not only enhance operational efficiency but also elevate customer satisfaction, reinforcing the specialty retailers market’s growth prospects.

The ongoing shift in consumer behavior toward health, wellness, and sustainability has also played a pivotal role in shaping the specialty retailers market. Consumers are exhibiting a marked preference for eco-friendly, ethically sourced, and health-centric products, prompting retailers to adapt their offerings accordingly. Specialty retailers in segments such as health and personal care, organic food and beverage, and sustainable apparel are witnessing heightened demand as a result. This trend is further bolstered by regulatory initiatives and industry standards promoting responsible business practices, which encourage retailers to adopt transparent supply chains and eco-conscious operations. Collectively, these factors are fostering a dynamic and resilient specialty retail landscape.

From a regional perspective, Asia Pacific continues to emerge as the fastest-growing market for specialty retailers, driven by rapid urbanization, expanding middle-class populations, and increasing digital adoption. North America and Europe maintain substantial market shares, characterized by mature retail infrastructures and high consumer spending. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, supported by improving economic conditions and rising investments in retail modernization. Regional disparities in consumer preferences, regulatory frameworks, and technological adoption present both opportunities and challenges for specialty retailers seeking to expand their global footprint.

Product Type Analysis

The specialty retailers market is segmented by product type into apparel and footwear, consumer electronics, home impr

The global retail market is projected to reach XXX million value by 2033, experiencing a CAGR of XX% during the forecast period. The increasing adoption of e-commerce and the growing disposable income of consumers are key drivers of this growth. The rising popularity of online shopping platforms, such as Amazon and Alibaba, has made it easier for consumers to purchase a wide range of products from the comfort of their homes. In addition, the growing demand for personalized products and services is driving the growth of the retail segment. The retail market is segmented by application, type, and region. By application, the market is divided into food and grocery, clothes and apparel, furniture, consumer electronics, personal care, jewelry, transportation tools, and others. By type, the market is classified into online retail and offline stores. By region, the market is segmented into North America, South America, Europe, the Middle East & Africa, and Asia Pacific. Asia Pacific is the largest retail market, followed by North America and Europe. The growing population and increasing disposable income of consumers in emerging economies, such as China and India, are major factors driving the growth of the retail market in this region.

Retail Sales in Thailand increased 26.12 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Thailand Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

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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

Home improvement and do-it-yourself stores' compound annual growth rate in the United States for the period between 2023 and 2028 is expected to reach 1.6 percent. Considering that same period, hardware stores in specific are expected to have a compound annual growth rate of 1.3 percent.

The discount off-price retail market is a dynamic and rapidly growing sector within the retail industry. In 2025, the market was valued at XX million, and is projected to reach XX million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). This growth is primarily driven by factors such as increasing consumer demand for affordable and value-driven products, the rise of e-commerce, and the expansion of discount chains across various regions. Key market trends influencing the growth of the discount off-price retail market include the increasing popularity of off-price shopping among consumers, the growing adoption of omnichannel strategies by retailers, and the emergence of new technologies to enhance customer experience. However, the market is also subject to certain restraints, such as competition from traditional retailers, rising inflation, and supply chain disruptions. The market is segmented based on application and type, with the apparel and accessories segment holding the largest share in 2025. Geographically, North America accounted for the largest market share in 2025, followed by Europe and the Asia Pacific region. Prominent companies operating in the market include TJX Companies, Ross Stores, and Burlington Stores, among others.

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.

In 2024, the total retail sales in China increased by around *** percent compared to the previous year. In 2023, the figure was *** percent.

The revenue generated by e-commerce retailers in Latin America grew nearly *** percent in 2019, compared to a year earlier. Meanwhile, sales generated by cash & carry retailers registered a growth of ** percent, followed by drugstores and pharmacies, which grew by ** percent in comparison to 2018. Retail e-commerce in Latin America and the Caribbean Despite representing less than * percent of the retail market value in 2018, retail e-commerce in Latin America and the Caribbean is expected to grow in the upcoming years. According to a survey carried out by Statista, the retail e-commerce sales of physical goods are expected to generate over ** billion U.S. dollars by 2024, being electronics and media the category accounting for the largest portion of the revenue. Main players in the e-commerce market in Latin America and the Caribbean Brazil and Mexico are among the countries with the highest retail e-commerce penetration rate. By 2020, it was forecast that Brazil would account for almost one third of the e-commerce market the region, followed by Mexico, with nearly ** percent of the distribution. Meanwhile, MercadoLibre, and Falabella are some of the biggest e-commerce retailers in Latin America. Together, both companies generated a revenue of nearly * billion U.S dollars in the last quarter of 2019.