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Retail Analytics Market to Display Marvellous CAGR of 17.7% by 2028; Nielsen Consumer LLC Acquires Label Insight to Expand Business Territories: Fortune Business Insights™

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Pune, India, Aug. 30, 2021 (GLOBE NEWSWIRE) — The global retail analytics market size was USD 5.20 billion in 2020. The market is projected to grow from USD 5.84 billion in 2021 to USD 18.33 billion in 2028 at a CAGR of 17.7% in the 2021-2028 period. This information is published by Fortune Business Insights™ in its report titled, “Retail Analytics Market, 2021-2028.”

According to our analysts, the increasing need to augment income generation, sales performance, classify consumer inclinations, and market trends are expected to fuel the market growth. The retail solutions improved with artificial intelligence (AI) can deliver smart perceptions, which can further augment the sales coupled with client experience.

For example, in May 2021, Walmart employed the RetailAI resolution in order to amplify the self-service shopping experience and by dropping its functioning charge. This is estimated to reinforce the retail analytics market growth during the forecast period.

List of Key Players Covered in this Market Report

  • Microsoft Corporation (Washington, United States)
  • HCL Technologies Limited (Uttar Pradesh, India)
  • FLIR Systems, Inc. (Oregon, United States)
  • IBM Corporation (New York, United States)
  • Oracle Corporation (Texas, United States)
  • SAP SE (Walldorf, Germany)
  • QlikTech International A.B. (Pennsylvania, United States)
  • Fractal Analytics Inc. (New York, United States)
  • Wipro Limited (Bangalore, India)
  • Nielsen Consumer LLC (Illinois, United States)

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 17.7 %
2028 Value Projection USD 18.33 Billion
Base Year 2020
Market Size in 2021 USD 5.84 Billion
Historical Data for 2017 to 2019
No. of Pages 140
Segments covered Size,Type, Deployment, Retail Store Type,Function,Geography
Growth Drivers Increasing Integration of Advanced Technologies to Drive Market Growth
Growing Focus on Personalized Customer Experience to Fuel Software Segment
Real-time Assistance Capabilities to Surge Cloud-based Segment
Pitfalls & Challenges Stringent Data Regulations May Restrain Market Growth

To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/retail-analytics-market-101273

Escalation in Online Shopping amid Pandemic to Boost Retail Analytics Solution Demand

The physical retail shops are promptly fluctuating on the virtual store through e-commerce and mobile applications owing to the outbreak of coronavirus. The COVID-19 pandemic has escalated e-commerce businesses, which are directed by online grocery shopping. The rising online shopping trend has amplified the demand for consumer-level analytics. Likewise, on account of restricted transportation facilities and an upsurge in online demand, numerous retailers executed advanced solutions to trace inventory records and supply chains.

The administrations across the globe commended the public to stay indoors and are actively applying social distancing norms, which has further augmented online shopping. This has radically enhanced the demand for retail analytics during the pandemic. For example, in May 2021, Walmart executed an analytical solution on its customer data from stores to increase its e-commerce business. This has occasioned a 97% rise in the early development of the company in terms of revenue in Q2 of 2021.

Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/retail-analytics-market-101273

Report Coverage

The report provides an exhaustive study of the market segments and a comprehensive analysis of the market. A profound evaluation of the current market trends as well as the future opportunities are presented in the report. Additionally, it shares a thorough analysis of the regional insights and how they shape the market growth. The COVID-19 impacts have been added to the report to assist investors and business owners in understanding the threats in a professional manner. The report focuses on the key players and their remarkable strategies to stay in the top position in the market.

Segmentation

Based on type, the retail analytics market is divided into software and services. On the basis of deployment type, the market is separated into on-premises and cloud. Based on the retail store type, the market is further classified into hypermarkets & supermarkets and retail chains. In terms of region, this market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

On the basis of functionality, the market is finally segregated into customer management, supply chain management, merchandising, strategy & planning, and in-store operations. Customer management is anticipated to attain the majority of the segment share during the mentioned timeframe. The shifting consumer demand is the crucial aspect resulting in enhanced trades and income.

Quick Buy Retail Analytics Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101273

Drivers and Restraints

Increasing Focus on Product Register Administration & Shelf Segment Distribution to Boost Market

Goods inventory and shelf space distribution are the significant properties of a retailer. It states the usage of analytics to regulate product presentation at the exact place in the precise amount for the exact customers. This has now developed as an incessant process in the retail industry concerning micro-level examination and variety planning. Shelf space management is being studied regarding the exact inclination of consumers in the store and the economic impact of countless ranges.

For example, in March 2021, European companies Trax Ltd. and Roamler joined forces to offer store inspecting services for consumer packaged goods (CPG) corporations. These businesses constantly seize the shelf pictures and deliver perceptions on shelf conditions. It benefits in refining on-shelf accessibility of the products and permits the retailers to contact suitable insights and take judgments to augment shopper experiences.

Therefore, the rising popularity of handling shelf space and product records in retail stores is anticipated to navigate the demand and the retail analytics market growth in the near future.

Regional Insights

North America to Dominate Backed by Usage of E-commerce Services by Companies

North America is projected to arise as a leading region in the global market during the forecast period. The prompt implementation of e-commerce services by various establishments across the region is expected to steer the market growth.

Asia Pacific is likely to observe outstanding growth in the market. The increasing online shopping and customer association is fuelling the acceptance of analytical gears in China, India, Singapore, Japan, and other Asian nations.

Europe is projected to attain substantial growth during the forecast period. The retailers from top countries such as Germany, France, Italy, and Spain are expected to propel the demand for retail analytics.

Competitive Landscape

Continuous Developments is the Key Strategy to Strengthen Company’s Position

The key players in the market are keen on integrating advanced technologies such as artificial intelligence, machine learning, cloud computing, blockchain, and more with the retail analytics solution. Through these advances, the vendors are aiming to offer dedicated analytics tools to upsurge the customer experience. The players are launching a new and innovative solution to build the dominant market position.

Industry Development

May 2021: Nielsen Consumer LLC attained Label Insight, which is U.S.-situated data intelligence in fitness and wellness companies. This acquisition is estimated that the company shall achieve a spot as a strong data supplier to aid retail and industrial companies in the health and wellness segment.

Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Key Takeaways
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
  • Global Retail Analytics Key Players Market Share Insights and Analysis, 2020  
  • Key Market Insights and Strategic Recommendations
  • Companies Profiled (Covered for key 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Geographical Share
        • Business Segment Share
    • Recent Developments

TOC Continued…!

Speak To Our Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/retail-analytics-market-101273

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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icis-and-base-oil-news-announce-partnership-to-enhance-market-insights

LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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