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Research delivers insight into the global retail analytics market

Industrial Market Research

A brief overview of Global Retail Analytics Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography

Retail analytics Make an Inquiry about this news delivers flexible, scalable, cost-effective, and advanced solutions for optimizing marketing and merchandising decisions. It helps in the following areas:
Price rules and performance target management
Demand forecasting
Price and promotion modeling
Price and promotion optimization
Category management
Store clustering and price zone definition
Product assortment selection
Markdowns optimization
Competition analysis
Market basket analysis 

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Retailers have to analyze terabytes of data to understand consumer needs accurately. Retail analytics helps predict a range of consumer preferences, from simple demands to unique tastes.

Organizations in the retail sector are using business intelligence (BI) and retail analytics tools in areas of customer intelligence, merchandising intelligence, and operational intelligence.

Retail analytics tools help them understand customers and businesses better and increase their market shares.

global retail analytics market to grow at a CAGR of 20.59% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global retail analytics market for 2016-2020. To calculate the market size, the report considers revenue generated from software licenses, support and maintenance, and subscriptions from analytics applications in the retail industry.

The market is divided into the following segments based on functions: 
Consumer analytics
Marketing analytics
Supply chain analytics
Merchandising and in-store analytics

Global Retail Analytics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Angoss Software
SAS institute 

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Other prominent vendors 
Information Builders
Tibco Software

Market driver 
Increasing volume of data from retail sector
For a full, detailed list, view our report 

Market challenge 
High cost of implementation and upgrading
For a full, detailed list, view our report 

Market trend 
Shift toward predictive analytics tools
For a full, detailed list, view our report 

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