Retail Analytics Market to Reach $40 Billion by 2032, Driven by E-Commerce and AI
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Retail analytics market projected to reach $40.4 billion by 2032, with a CAGR of 18.6% from 2023-2032 (DataHorizzon Research).
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Retail analytics provides insights into customer behavior, buying patterns, etc. to drive business decisions and performance.
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Growth driven by rise of e-commerce, technological advancements like AI and cloud computing.
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Helps businesses of all sizes understand customers, identify sales patterns, popular products, etc.
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North America largest user due to early adoption by major retailers like Walmart, Amazon, Costco.