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 0.10 percent in April 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 Mexican retail industry is thriving, driven by a growing middle class, increased urbanization, and rising disposable incomes. With a market size of 94.40 million in 2025, the industry is projected to expand at a robust CAGR of 5.00% through 2033. Key drivers include the proliferation of e-commerce, the expansion of modern retail formats, and the growing popularity of private label brands. The industry is segmented into various product categories, including food and beverage, personal and household care, apparel, furniture, electronics, and automotive products. Distribution channels include hypermarkets, supermarkets, convenience stores, department stores, and specialty stores. Leading players in the market include Soriana SA de CV, FEMSA Comercio SA, Coppel SA de CV, El Puerto de Liverpool, Walmart International, and El Palacio de Hierro. The increasing adoption of omnichannel retailing, the rise of social commerce, and the growing emphasis on sustainability are key trends shaping the future of the Mexican retail industry. Recent developments include: March 2023 - Walmart opened 22 new stores across the state of Nuevo Leon as a part of an investment in the region’s infrastructure. Walmart made the decision during its 12th anniversary in Monterrey., January 2023 - Mexican retail conglomerate FEMSA (Fomento Económico Mexicano) launched Andretti Drive, a new app-enabled drive-thru coffee shop concept, in the northeast Mexican state of Nuevo León. FEMSA is the parent company of the OXXO convenience store chain, which has more than 20,000 outlets across Mexico, Chile, Colombia, and Peru. It also operates the Andatti coffee brand across the region.. Key drivers for this market are: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Potential restraints include: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Notable trends are: Growth of E-commerce Sector Drives the Market.

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Retail Analytics Market Size 2024-2028

The retail analytics market size is forecast to increase by USD 21.6 billion at a CAGR of 28.1% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing volume and complexity of data generated by retail businesses. With the rise of artificial intelligence (AI) and machine learning in the retail sector, inventory management is becoming more efficient through the use of inventory robots and automated data analytics. Big Data is playing a crucial role in enabling retailers to gain insights into customer behavior and preferences, leading to personalized marketing strategies. However, the adoption of advanced technologies like AI and Big Data also brings challenges, including privacy and security concerns.
Blockchain technology is emerging as a potential solution to address data security issues, ensuring the integrity and transparency of retail data. Overall, the retails analytics market is poised for continued growth, with innovative technologies and trends shaping the future of retail.

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

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In today's competitive retail landscape, businesses are leveraging advanced analytics to optimize customer experience, enhance loyalty programs, and improve product performance. Omnichannel customer experience, sales velocity, and geospatial analytics are key areas of focus for retailers seeking to increase customer retention. Trend forecasting and customer sentiment analysis help retailers stay ahead of the curve, while market basket analysis and purchase history analysis provide valuable insights into customer behavior. Retailers are also adopting retail analytics software and consulting services to gain a deeper understanding of customer engagement strategies, supply chain transparency, and business process automation. Predictive modeling, location-based marketing, and social listening are essential tools for data-driven decision making.
Retail technology adoption continues to evolve, with blockchain in retail and automated reporting streamlining operations. Personalized recommendations, cross-selling and upselling, average transaction value, and return rate analysis are essential metrics for retailers looking to boost revenue. Ethical sourcing and retail sustainability are becoming increasingly important, with data science playing a crucial role in ensuring transparency and accountability. Retail analytics consulting firms offer valuable expertise in customer behavior tracking, data visualization tools, and mobile point-of-sale (mPOS) systems. By harnessing the power of data and analytics, retailers can gain a competitive edge and deliver a more engaging and personalized shopping experience.

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 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

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


Component

  Software
  Services


Geography

  North America

    US


  Europe

    Germany
    UK


  Middle East and Africa



  APAC

    China
    India


  South America



  Rest of World (ROW)

By Application Insights

The in-store operation segment is estimated to witness significant growth during the forecast period.

In-store operations within the retail sector increasingly rely on data analytics to optimize various aspects of brick-and-mortar retailing. This segment of the market encompasses the analysis of data generated within physical retail environments, with the primary objective of enhancing customer experiences, increasing operational efficiency, and driving business success. Retailers recognize the importance of delivering exceptional customer experiences to attract and retain shoppers. By analyzing in-store data, retailers gain insights into customer behavior, preferences, and pain points, enabling them to customize the shopping journey and ensure a seamless experience. Data-driven decision-making is a key focus for retailers, who use analytics to optimize various in-store processes.

This includes data integration from multiple sources, such as point-of-sale (POS) systems, customer feedback analysis, foot traffic analysis, and store layout design. By leveraging these insights, retailers can allocate resources more effectively, streamline operations, and improve overall performance. Machine learning algorithms and predictive analytics play a crucial role in in-store operations, allowing retailers to anticipate trends, optimize pricing strategies, and implement effective loss prevention measures. Additionally, real

Key information about United States Retail Sales Growth

• United States Retail Sales grew 1.0 % YoY in May 2023, compared with a 1.6 % increase in the previous month.
• US Retail Sales Growth YoY data is updated monthly, available from Jan 1993 to May 2023, with an average growth rate of 4.7 %.
• The data reached an all-time high of 42.0 % in Apr 2021 and a record low of -15.8 % in Apr 2020.
• In the latest reports, Car Sales of US recorded 1,407,152.0 units in May 2023, representing a growth of 22.8 %.

Get detailed insights into the current valuation of Big Data Analytics in Retail market size, including growth analysis, current market status and future market projections.

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.

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.

In 2024, global retail e-commerce sales reached an estimated six trillion U.S. dollars. Projections indicate a 31 percent growth in this figure over the coming years, with expectations to come close to eight trillion dollars by 2028. World players Among the key players on the world stage, the American marketplace giant Amazon holds the title of the largest e-commerce player globally, with a gross merchandise value of nearly 800 billion U.S. dollars in 2024. Amazon was also the most valuable retail brand globally, followed by mostly American competitors such as Walmart and the Home Depot. Leading e-tailing regions E-commerce is a dormant channel globally, but nowhere has it been as successful as in Asia. In 2024, the e-commerce revenue in that continent alone was measured at nearly two trillion U.S. dollars, outperforming the Americas and Europe. That year, the up-and-coming e-commerce markets also centered around Asia. The Philippines and India stood out as the swiftest-growing e-commerce markets based on online sales, anticipating a growth rate surpassing 20 percent.

The global market for retail reached approximately USD 23.00 Trillion in 2024. The market is expected to grow at a CAGR of 5.80% in the forecast period of 2025-2034, to reach a value of USD 40.42 Trillion in 2034.

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...

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E-Commerce Retail Market Size 2024-2028

The e-commerce retail market size is forecast to increase by USD 4061.3 billion at a CAGR of 11.2% between 2023 and 2028.

The market is experiencing growth, driven by the advent of personalized shopping experiences and the integration of Artificial Intelligence (AI) technologies. Consumers increasingly demand customized offerings, leading retailers to invest heavily in AI-powered solutions for product recommendations, inventory management, and customer service. However, this market is not without challenges. Strict regulatory policies related to compliance and customer protection continue to pose significant hurdles for retailers. Compliance with data privacy regulations, such as GDPR and CCPA, and ensuring secure payment gateways are essential for maintaining customer trust and avoiding hefty fines. Companies seeking to capitalize on this market's opportunities must prioritize investments in AI and personalization while navigating the complex regulatory landscape. Effective implementation of these strategies will enable retailers to differentiate themselves from competitors and thrive in the evolving the market.

What will be the Size of the E-Commerce Retail Market during the forecast period?

Request Free SampleThe market in the United States continues to experience growth, driven by increasing internet penetration and the convenience of online shopping. According to recent studies, retail e-commerce sales are projected to reach record levels, surpassing USD800 billion by 2025. This growth is fueled by several factors, including the proliferation of digital payment methods, such as mobile wallets and buy now, pay later options, and the integration of payment systems into e-commerce platforms for seamless transaction processing. Moreover, the market is witnessing a shift towards business-to-business (B2B) and cross-border e-commerce, as well as the adoption of advanced technologies like augmented reality and voice orders to enhance the shopping experience. The market is also witnessing a rise in direct selling through social media and marketplaces, with daily essentials, computer devices, and luxury items being popular categories. Inventory management and data security remain critical concerns for e-commerce retailers, with responsive websites and mobile applications becoming essential for reaching a wider customer base. The use of smartphones and tablet devices for online shopping continues to grow, making mobile technologies a significant trend in the market.

How is this E-Commerce Retail Industry segmented?

The e-commerce retail 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. ProductApparel and accessoriesGroceriesFootwearPersonal and beauty careOthersModalityBusiness to business (B2B)Business to consumer (B2C)Consumer to consumer (C2C)GeographyAPACChinaIndiaJapanSouth KoreaNorth AmericaUSCanadaEuropeFranceGermanyItalyUKSouth AmericaMiddle East and Africa

By Product Insights

The apparel and accessories segment is estimated to witness significant growth during the forecast period.The market for apparel and accessories is experiencing significant growth, driven by several key factors. Increasing financial institutions' support for online platforms, the trend toward business-to-business (B2B) and consumer-to-consumer (C2C) transactions, and the shift toward organized retail are major contributors to this expansion. The market for apparels and accessories, including footwear, is projected to reach substantial growth, especially in emerging markets. For instance, in India, the domestic lifestyle industry, which includes apparel, beauty, accessories, and footwear, is expected to reach USD210 billion by 2028. A significant driver of this growth is the Gen Z demographic, which is heavily influenced by social media trends and prefers the convenience of online shopping. This generation's preference for the latest fashion trends and willingness to spend on premium products makes them a crucial segment for e-commerce retailers. However, the market also faces challenges such as digital fraud and cybercrime, requiring digital infrastructure and cybersecurity measures. E-commerce platforms are incorporating security features, such as AI technologies, digital wallets, and payment integration, to ensure a safe and personalized shopping experience for consumers. The market is also witnessing the adoption of headless e-commerce, responsive websites, voice orders, and mobile applications to cater to the increasing use of tablet devices and smartphone devices for online shopping. Additionally, the market is seeing the emergence of cross-border e-commerce, daily essentials, and luxury items, requiring advanced inventory management

The revenue in the e-commerce market in the United States was forecast to continuously increase between 2025 and 2029 by in total 498.2 billion U.S. dollars (+37.16 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 1.8 trillion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the e-commerce market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and number of users. The Statista Market Insights cover a broad range of additional markets.

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Vietnam Retail Market Size 2025-2029

The vietnam retail market size is forecast to increase by USD 278.7 billion at a CAGR of 14.7% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for convenience food products and the emergence of urban lifestyles. With a growing population and rising disposable income, Vietnamese consumers are increasingly opting for quick and easy meal solutions, fueling the growth of the convenience food sector. Furthermore, urbanization is transforming the retail landscape, with more consumers living in cities and seeking out modern retail formats for their shopping needs. However, challenges persist in the market. Logistical and supply chain operations remain a significant hurdle, with inconsistent supply chains and inefficient distribution networks hindering growth potential. Additionally, regulatory hurdles impact adoption, with strict regulations governing foreign investment and product imports. Companies seeking to capitalize on market opportunities must navigate these challenges effectively, investing in robust supply chain solutions and adhering to local regulations to succeed in the Vietnamese retail market.

What will be the size of the Vietnam Retail Market during the forecast period?

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In the dynamic retail market, customer segmentation plays a crucial role in driving growth and competition. Retailers employ various strategies, such as social media marketing and content marketing, to engage with diverse consumer groups. Retail trends indicate a rapid tech adoption, with ecommerce platforms, digital advertising, and email marketing leading the charge. Retail expansion continues to be a focus, with modern retail innovations like virtual assistants and same-day delivery shaping the industry. Traditional retailers are adapting to digital transformation through omnichannel strategies, seeking competitive advantages in an increasingly crowded market. Consumer trends favor personalized shopping experiences, leading to the rise of department stores offering brand loyalty programs and predictive analytics. Retail investment is surging in sectors like last-mile delivery, mobile app development, and cross-border e-commerce. Online payment security remains a priority, as retailers navigate the challenges of fraud detection in the digital age. Convenience stores and traditional retailers alike are embracing technology to enhance the shopping experience and maintain market penetration.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Distribution ChannelOfflineOnlineTypeGroceryElectronics and appliancesHome and gardenHealth and beautyOthersChannelCashDigital paymentBuy now pay later (BNPL)Store TypeSupermarketsConvenience StoresOnlineSpecialty StoresGeographyAPACVietnam

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

In Vietnam's dynamic retail market, both local and international players are vying for dominance through various store formats, including malls, supermarkets, and convenience stores. Supermarkets, in particular, are popular due to their extensive offerings of food, beverages, non-food items, and household appliances, catering to consumers' daily needs. Physical stores remain prevalent, but digital channels are gaining traction. Mobile shopping, digital marketing, and cloud computing are transforming the retail landscape. Loyalty programs, consumer behavior, and customer experience (CX) are key focus areas for retailers. Joint ventures and retail partnerships are common strategies for expanding market reach. Machine learning and retail analytics are utilized for product innovation and pricing strategy. Omnichannel retail, online retail, and big data are shaping the future of retail. Food and beverage, fashion retail, consumer electronics, and home and furniture are popular sectors. Retail technology, including digital wallets, mobile payments, warehouse management, and payment gateways, are essential for efficient operations. Luxury goods and brand awareness are important for high-end retailers. Social commerce and travel and tourism are emerging trends. Grocery delivery, inventory management, and data analytics are critical components of the retail infrastructure. Supply chain and retail automation are crucial for ensuring seamless operations. Subscription services and online marketplaces are also gaining popularity. The market is an intriguing blend of traditional and modern retail, with constant innovation and evolution.

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The Offline segment was valued at USD 159.60 billion in 2019 and showe

Retail Sales in Thailand increased 31.90 percent in March 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.

Retail IT Spending Market Outlook

The global Retail IT Spending market size is projected to experience substantial growth, with an estimated value of approximately USD 261 billion in 2023, and is anticipated to reach USD 451 billion by 2032, witnessing a CAGR of 6.5% during the forecast period. Several growth factors are spearheading this expansion, including the rapid digital transformation in the retail sector and the increasing consumer inclination towards online shopping. Retailers are continuously investing in innovative IT solutions to enhance their operational efficiencies, improve customer experiences, and stay competitive in a fast-evolving digital landscape. This surge in IT spending is also driven by the need to integrate advanced technologies such as artificial intelligence, analytics, and IoT, which are redefining traditional retail operations.

One significant growth factor contributing to the Retail IT Spending market is the technological advancement and proliferation of smart retail technologies. Retailers are increasingly adopting IT solutions to streamline their supply chains, enhance inventory management, and offer personalized customer experiences. The integration of AI and machine learning in retail operations enables businesses to predict consumer behavior, optimize pricing strategies, and improve customer service. Moreover, the rise of omnichannel retailing, where physical and digital shopping experiences are seamlessly integrated, necessitates robust IT infrastructures, further boosting the market. As consumers demand more personalized and convenient shopping experiences, retailers are compelled to invest in IT solutions that can deliver these expectations, thus driving market growth.

Another driving factor is the growing importance of cybersecurity in the retail sector. As retailers expand their digital presence, they become more vulnerable to cyber threats, necessitating increased spending on cybersecurity solutions. The implementation of stringent data protection regulations worldwide has made it imperative for retail businesses to invest in securing their IT infrastructure. This includes solutions for data encryption, threat detection, and response systems to safeguard sensitive customer information. With cyber threats becoming increasingly sophisticated, retailers are prioritizing their IT budgets to ensure robust cybersecurity measures are in place, thus contributing to the overall growth of the Retail IT Spending market.

The continuous evolution and expansion of e-commerce platforms also play a critical role in driving the Retail IT Spending market. With the exponential growth of e-commerce giants and the proliferation of online shopping, retailers are under immense pressure to enhance their digital capabilities. This shift has led to increased investments in IT solutions that support e-commerce operations, such as cloud computing, IT infrastructure upgrades, and customer relationship management systems. Retailers are also leveraging data analytics to gain insights into consumer behavior and preferences, allowing them to tailor their offerings and marketing strategies effectively. As e-commerce continues to fuel the digital retail revolution, the demand for advanced IT solutions is expected to rise significantly.

In the context of the Retail IT Spending market, Capital ICT Spending plays a pivotal role in shaping the strategic direction of retail enterprises. As retailers strive to enhance their digital capabilities, capital investments in Information and Communication Technology (ICT) are becoming increasingly critical. These investments are not only aimed at upgrading existing IT infrastructure but also at adopting cutting-edge technologies that can drive innovation and efficiency. By allocating significant capital towards ICT, retailers can ensure they remain competitive in a rapidly evolving market landscape. This focus on Capital ICT Spending is particularly evident in the deployment of advanced analytics, AI, and IoT solutions, which are transforming traditional retail operations and enabling businesses to better understand and serve their customers.

In terms of regional outlook, North America currently holds a significant share of the Retail IT Spending market, driven by the presence of major retail giants and advanced IT infrastructure. The region's highly developed retail sector and early adoption of digital technologies contribute to its leading position. Meanwhile, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period, owing to the rapid develo

Smart Retail Market size was valued at USD 30.30 billion in 2022 and is poised to grow from USD 39.09 billion in 2023 to USD 299.74 billion by 2031, growing at a CAGR of 29% in the forecast period (2024-2031).

IT Spending in Retail Market Outlook

As of 2023, the IT spending in the retail market has been valued at approximately USD 183 billion and is expected to reach an estimated market size of USD 370 billion by 2032, with a compound annual growth rate (CAGR) of 8.5% during the forecast period. This substantial growth is driven by the increasing adoption of advanced technologies to enhance operational efficiency and improve customer experience in the retail sector. The surge in digital transformation initiatives, particularly in the wake of the COVID-19 pandemic, has significantly accelerated IT investments across various retail segments, making technology an integral component of modern retail strategies.

One of the pivotal growth factors for this market is the rising demand for omnichannel retailing. As consumers increasingly expect seamless shopping experiences across physical and digital channels, retailers are compelled to invest in IT solutions that integrate their in-store and online operations. This omnichannel approach not only necessitates substantial investment in digital infrastructure but also in analytics and customer relationship management (CRM) systems to track and enhance the customer journey. Retailers are leveraging these technologies to gather data-driven insights, personalize marketing efforts, and streamline supply chain operations, thus driving the market forward.

Another significant growth driver is the proliferation of mobile technology and its influence on consumer shopping behavior. With the widespread use of smartphones, consumers are engaging more with mobile apps and platforms for shopping purposes. Retailers are responding by investing heavily in mobile-friendly IT solutions to ensure their platforms are optimized for mobile use, thereby capturing a larger share of the digital retail market. This trend is further bolstered by advancements in payment processing technologies, such as mobile wallets and contactless payments, which are becoming increasingly popular among tech-savvy consumers.

The emphasis on enhancing supply chain efficiency is also a critical factor fueling growth in IT spending within the retail sector. Retailers are investing in advanced supply chain management solutions to improve inventory management, reduce costs, and increase operational efficiency. Technologies such as IoT, AI, and blockchain are being increasingly adopted to provide real-time insights, automate processes, and ensure transparency across the supply chain. These investments not only help in reducing operational costs but also in improving delivery times and customer satisfaction, thereby providing a competitive edge in the market.

Regionally, North America and Europe are expected to lead the market due to their advanced technological infrastructure and high consumer spending power. However, the Asia Pacific region, with its rapidly expanding retail sector and increasing digital adoption, is projected to witness the highest growth rate during the forecast period. Emerging markets in Latin America and the Middle East & Africa are also anticipated to contribute significantly to market growth as retailers in these regions begin to adopt modern IT solutions to enhance their competitive stance.

Component Analysis

The component segment of IT spending in the retail market can be categorized into hardware, software, and services. Among these, software is expected to account for the largest share, driven by the increasing need for advanced analytics, customer management systems, and e-commerce platforms. Retailers are investing in custom software solutions to enhance their operational efficiency, meet consumer demands, and gain insights from vast amounts of consumer data. Moreover, the software segment is seeing significant innovation, with solutions becoming more sophisticated, scalable, and tailored to meet the specific needs of retailers.

Hardware, although not as dominant as software, remains a critical component of IT spending. The need for point-of-sale (POS) systems, digital signage, and IoT-enabled devices in physical stores is driving this segment. Retailers are upgrading their hardware infrastructures to support new software solutions and enhance in-store customer experience. As retailers continue to adopt omnichannel strategies, investments in modern hardware solutions that ensure seamless integration between online and offline platforms are expected to rise, contributing to the overall growth of this segment.

The services segment encompasses consulting, system integration, and managed services and is grow

Retail Sales in the United Kingdom increased 1.20 percent in April of 2025 over the previous month. This dataset provides the latest reported value for - United Kingdom Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retail Industry Casters Market Outlook

The global retail industry casters market size was valued at approximately $12 billion in 2023 and is expected to reach around $20 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.1% during this forecast period. This growth is primarily driven by the expanding retail sector, which is increasingly relying on efficient logistics and mobility solutions to enhance consumer shopping experiences. As the retail industry continues to evolve, retailers are seeking innovative solutions to improve workflow efficiency and customer satisfaction, thus driving the demand for high-quality casters. The increasing investments in retail infrastructure and the proliferation of large-scale retail chains and supermarkets further boost the market for retail casters.

One of the key factors driving the growth of the retail industry casters market is the rising demand for shopping convenience. As consumer preferences shift towards seamless and efficient shopping experiences, retailers are investing in advanced store equipment that enhances mobility and accessibility. Casters play a crucial role in the maneuverability of shopping carts, display racks, and other retail equipment, directly impacting the ease of shopping. Moreover, with the growth of e-commerce, the need for efficient warehousing and logistics solutions has become paramount, boosting the demand for casters in warehouse trolleys and other material handling equipment. The surge in online shopping has necessitated the efficient movement of goods in distribution centers, further driving market growth.

Technological advancements in caster design and materials have also contributed significantly to market growth. Manufacturers are increasingly focusing on developing casters with enhanced load-bearing capabilities, durability, and noise-reduction features. The use of advanced materials such as polyurethane and rubber has led to the development of casters that offer superior performance in terms of mobility and noise reduction, especially in high-traffic retail environments. Furthermore, innovations such as the introduction of self-braking casters and smart casters integrated with IoT technology are gaining traction, offering retailers improved functionality and operational efficiency. These technological advancements are expected to continue driving the market forward.

Environmental sustainability is becoming an increasingly prominent factor influencing the growth of the retail industry casters market. With growing awareness of environmental impact, there is a rising demand for sustainable and eco-friendly products in the retail sector. Retailers are increasingly seeking casters that are manufactured using environmentally friendly processes and materials. This trend is driving manufacturers to innovate and develop sustainable caster solutions that align with the environmental goals of retailers. Additionally, regulatory pressures and consumer preference for sustainable practices are likely to further propel this trend, contributing to the market's expansion.

Plastic Casters have emerged as a popular choice in the retail industry due to their lightweight nature and cost-effectiveness. These casters are particularly advantageous for applications where weight reduction is crucial, such as in portable retail equipment and displays. The versatility of plastic casters allows them to be used in a variety of retail settings, from small boutique stores to large-scale supermarkets. Furthermore, advancements in plastic technology have led to the development of casters that offer improved durability and load-bearing capabilities, making them suitable for a wide range of applications. As retailers continue to seek efficient and economical solutions, the demand for plastic casters is expected to grow, contributing to the overall expansion of the retail industry casters market.

Regionally, the Asia Pacific region holds a dominant position in the retail industry casters market, accounting for a significant share of the global market. This can be attributed to the rapid urbanization and industrialization in countries like China and India, where the retail sector is witnessing tremendous growth. The expansion of the middle-class population and increasing disposable incomes are fueling the demand for retail infrastructure, which in turn drives the demand for casters. North America and Europe also hold substantial market shares, driven by well-established retail industries and a strong focus on technological advancements and sustainability. The Middle East &

Key information about Canada Retail Sales Growth

• Canada Retail Sales grew 1.1 % YoY in Apr 2023, compared with a 0.3 % increase in the previous month.
• Canada Retail Sales Growth YoY data is updated monthly, available from Jan 1992 to Apr 2023, with an average growth rate of 4.6 %.
• The data reached an all-time high of 32.1 % in Apr 2021 and a record low of -19.2 % in Apr 2020.
• In the latest reports, Car Sales of Canada recorded 148,815.0 units in Apr 2023, representing a growth of 4.1 %.