Global Connected Retail Market Size & Outlook, 2023-2030

The connected retail industry worldwide is expected to reach a projected revenue of US$ 95,191.9 million by 2030. A compound annual growth rate of 14.7% is expected of the worldwide connected retail industry from 2024 to 2030.
Revenue, 2023 (US$M)
$36,526.8
Forecast, 2030 (US$M)
$95,191.9
CAGR, 2024 - 2030
14.7%
Report Coverage
Worldwide

Global connected retail market, 2018-2030 (US$M)

Global connected retail market highlights

  • The global connected retail market generated a revenue of USD 36,526.8 million in 2023 and is expected to reach USD 95,191.9 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 14.7% by 2030.
  • In terms of segment, hardware accounted for a revenue of USD 36,526.8 million in 2023.
  • Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 36,526.8 million
Market revenue in 2030USD 95,191.9 million
Growth rate14.7% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentHardware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware

Other key industry trends

  • In terms of revenue, the North America accounted for 37.4% of the global connected retail market in 2023.

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Connected Retail Market Scope

Connected retail market segmentation & scope
Hardware
Software
Services
Technology
ZigBee
WiFi
NFC
Bluetooth Low Energy
Others
Service
Managed Services
Professional Services
Remote Device Management Service
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE

Connected Retail Market Companies

Name Profile # Employees HQ Website

Global connected retail market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to connected retail market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global connected retail market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Connected Retail Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
    • Software
    • Services
  • Global Connected Retail Technology Outlook (Revenue, USD Million, 2018-2030)
    • ZigBee
    • WiFi
    • NFC
    • Bluetooth Low Energy
    • Others
  • Global Connected Retail Service Outlook (Revenue, USD Million, 2018-2030)
    • Managed Services
    • Professional Services
    • Remote Device Management Service

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Target buyers of Global connected retail market databook

  • Our clientele includes a mix of connected retail market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global connected retail market , including forecasts for subscribers. This global databook contains high-level insights into Global connected retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global connected retail market size, by regions, 2018-2030 (US$M)

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