SMART RETAIL MARKET Size and trends

Smart Retail Market Size and Trends

The global smart retail market is estimated to be valued at USD 39.31 Bn in 2025. The market is expected to reach USD 197.08 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 25.9% from 2025 to 2032.

Key Takeaways of the Smart Retail Market:

• The hardware segment is expected to account for 50.8% of the market share in 2025
• The IoT solutions segment is expected to capture a significant 44.0% share of the smart retail market in 2025
• The inventory management segment is expected to accounts for 39.1% of the market share in 2025
• North America is projected to lead the global market with a 36.0% share in 2025, followed by the Asia Pacific region, which is expected to hold a 31.3% share

Market Overview:

The introduction of advanced technologies such as artificial intelligence, Internet of Things (IoT), and predictive analytics has boosted the growth of this market. The market is witnessing increased adoption of digital solutions across the retail supply chain. Technologies like AI and IoT enable automated product recommendations, digital payment options, and personalized customer experiences in physical stores. Many retailers are investing in digitization to stay competitive in the evolving retail landscape and attract more customers with an omnichannel experience.