UK Internet Of Things (iot) In Retail Market Size & Outlook
UK internet of things (iot) in retail market, 2018-2030 (US$B)
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UK internet of things (iot) in retail market highlights
- The UK internet of things (iot) in retail market generated a revenue of USD 3.0 billion in 2023 and is expected to reach USD 15.3 billion by 2030.
- The UK market is expected to grow at a CAGR of 26.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Internet of things (iot) in retail market data book summary
| Market revenue in 2023 | USD 3.0 billion |
| Market revenue in 2030 | USD 15.3 billion |
| Growth rate | 26.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Platform, Services |
| Key market players worldwide | Cisco Systems Inc, International Business Machines Corp, Intel Corp, SAP SE, ARM Holdings PLC ADR, SoftBank Group Corp, Alphabet Inc Class A, Microsoft Corp, NXP Semiconductors NV, PTC, Aviva PLC, Avnet Inc, Verizon Communications Inc, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, UK accounted for 5.8% of the global internet of things (iot) in retail market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany internet of things (iot) in retail market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 6.9 billion by 2030.
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Internet Of Things (IoT) In Retail Market Scope
Internet Of Things (IoT) In Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK internet of things (iot) in 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 internet of things (iot) in retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 43.33% in 2023. Horizon Databook has segmented the UK internet of things (iot) in retail market based on hardware, platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
IoT solutions can effectively cater to these demands by facilitating customer analytics, inventory management, personalized marketing, supply chain optimization, data-driven decision-making, and staff management. The rising demand for these solutions in the retail sector is expected to drive the market in the near future.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK internet of things (iot) in retail market , including forecasts for subscribers. This country databook contains high-level insights into UK internet of things (iot) in retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK internet of things (iot) in retail market size, by component, 2018-2030 (US$B)
UK Internet Of Things (IoT) In Retail Market Outlook Share, 2023 & 2030 (US$B)
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