New Analysis from Global Industry Analysts Reveals Strong Growth for Retail Analytics, with the Market to Reach $8 Billion Worldwide by 2026

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Retail Analytics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: May 2021
Executive Pool: 46547
Companies: 71 - Players covered include 1010data, Inc.; BRIDGEi2i Analytics Solutions Pvt. Ltd.; Datawatch Corporation; Fujitsu Ltd.; IBM Corporation; Information Builders, Inc.; Manthan Systems, Inc.; Microsoft Corporation; MicroStrategy, Inc.; Oracle Corporation; Qlik Tech International AB; SAP SE; SAS Institute, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Merchandising Analysis, Pricing Analysis, Customer Management, Performance Analysis, Yield Analysis, Inventory Analysis, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Retail Analytics Market to Reach $8 Billion by 2026
Amid the COVID-19 crisis, the global market for Retail Analytics estimated at US$4.8 Billion in the year 2020, is projected to reach a revised size of US$8 Billion by 2026, growing at a CAGR of 8.8% over the analysis period. Merchandising Analysis, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pricing Analysis segment is readjusted to a revised 9.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Retail Analytics market in the U.S. is estimated at US$1.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 8.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 7.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Customer Management Segment to Reach US$2 Billion by the year 2026
In the global Customer Management segment, USA, Canada, Japan, China and Europe will drive the 10.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$858.2 Million in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com)  is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.