Leveraging the Potential of the Internet of Things in the Retail Market

The Global Internet of Things in Retail Market is expected to grow from USD 14.89 billion in 2021 to USD 52.22 billion by 2028 at a CAGR of 19.6% during the forecast period. In terms of market share, North America dominated the IoT in retail market in 2021. In the region, retail companies are spending on various emerging technologies to streamline work processes. The adoption of IoT enhances retail sales and customer management performance.