GITNUX MARKETDATA REPORT 2024

Retail Analytics Industry Statistics

The retail analytics industry is projected to grow significantly in the coming years, driven by the increasing adoption of data-driven decision-making by retailers to enhance customer experiences and optimize operations.

Statistic 1

"Retail analytics market size is estimated to reach USD 17.85 Billion by 2027, growing at a CAGR of 21.4% from 2020 to 2027."

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Statistic 2

"Retail analytics is forecasted to show the highest growth rate in the APAC region, with a CAGR of 24.8% from 2020 to 2027."

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Statistic 3

"62% of retailers report that the use of big data and analytics gives them a competitive advantage."

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Statistic 4

"More than 90% of sales in 2021 still happen in brick-and-mortar stores, but retail analytics significantly affect those sales."

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Statistic 5

"Customer analytics is the largest market segment for retail analytics, accounting for over 37% of the overall market in 2020."

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Statistic 6

"Retailers leveraging the full power of big data could increase their operating margins by as much as 60%."

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Statistic 7

"Retailers who leverage the whole customer journey data can boost their sales by up to 20%."

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Statistic 8

"Approximately 54% of retailers said data-driven marketing was their top strategic priority."

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Statistic 9

"The promotional analytics subsegment is expected to grow at the highest CAGR of 21.6% from 2021-2028."

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Statistic 10

"Over 80% of consumers want personalized experiences from retailers."

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Statistic 11

"More than 70% of retailers consider data-driven decision-making critically important."

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Statistic 12

"The share of retail sales browser online via mobile phones is expected to surpass 72.9% by 2021."

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Statistic 13

"Retailers that prioritize customer analytics are 1.6 times more likely to outperform their peers concerning profit and sales."

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Statistic 14

"The global retail analytics market is anticipated to reach $9.8 billion by 2026."

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Statistic 15

"Around 54% of retailers use data analytics to formulate their strategies around pricing."

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Statistic 16

"Predictive analytics investments in the retail industry are expected to be USD 2.5 billion by 2022."

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Statistic 17

"More than 30% of online shoppers want their shopping experience to be completely automated."

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Statistic 18

"Only 10% of retailers globally are able to fully integrate customer insights into their marketing activities."

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Statistic 19

"Online shopping sales are predicted to reach $4 trillion by 2025."

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