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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