Press Release

South America Retail Analytics Market to Witness High Double Digit Growth until 2023

Increasing digitization initiatives, rising internet penetration and growing commercialization to drive South America retail analytics market through 2023

According to TechSci Research report, South America Retail Analytics Market By Component, By Deployment Mode, By Application, By End User Sector, By Country, Competition Forecast & Opportunities, 2013 – 2023’’, retail analytics market in the region is projected to grow at a CAGR of 21% during 2018 - 2023. Expected growth in the market can be attributed to increasing user base of internet and smart devices, such as smartphones, tablets, etc., in addition to rising demand for advanced technology-based analytical solutions in the region. Moreover, growing adoption of mobility across utilities, energy, logistics and several other sectors, increasing number of digitization initiatives, and rising awareness related to data analytics and marketing services as well as big mobile retail data concept across retail sector is anticipated to fuel the region’s retail analytics market during the forecast period.

Browse 3 market data Tables and 21 Figures spread through 53 Pages and an in-depth TOC on "South America Retail Analytics Market”

https://www.techsciresearch.com/report/south-america-retail-analytics-market/3372.html

Some of the major players in the South America retail analytics market are IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation and SAS Institute Inc. Brazil accounted for the largest share in the region’s retail analytics market, on the back of increasing number of commercial and community Wi-Fi hotspots and rising awareness of data analytics and marketing services across various sectors of the country.

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“Retail industry in South America is witnessing growth, owing to rising urbanization across the region, which is pushing demand for analytical solutions across the retail sector for tracking customer data, logistics data, etc. Moreover, increasing demand for advanced automation techniques in the retail sector to minimize employee work load and offer enhanced customer experience is expected to boost the adoption of advanced analytics solutions across the sector, which is expected to aid growth in the South America retail analytics market through 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“South America Retail Analytics Market By Component, By Deployment Mode, By Application, By End User Sector, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of South America retail analytics market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities existing in the market. 

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