Internet of Things in retail market is anticipated to expand from $42.6 billion in 2023 with a CAGR.
The Internet of Things (IoT) in Retail Market encompasses the integration of interconnected devices and smart technologies to enhance retail operations and customer experiences. This sector includes IoT-enabled inventory management, personalized marketing, smart shelves, and seamless checkout solutions. By leveraging data analytics and real-time insights, retailers can optimize supply chains, improve customer engagement, and drive sales growth, positioning IoT as a transformative force in modern retail environments.