The Global Internet of Things in Retail market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of 48.36% during the forecast period of 2017 – 2022.
E-retail and e-commerce has changed how the traditional retail industry operated. The next big disruptor will be Internet of Things.
Though the technology usage in retail is stillat a nascent stage, there are plenty of opportunities available. New data-drivedigital technologies, from smart refrigerators to digital Television are changing the way retailers interact with their customers.
In future, these devices will become customer support centers as well, as the devices will be interacting will customers to sort out issues, if any.
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