According to Grand View Research, the global Internet of Things (IoT) in the retail market was valued at 42.38 billion USD in 2022. This is further expected to grow at a CAGR of 28.4% from 2023 to 2030. This growth is attributed to the induction of in-store and digital operations in the retail sector.
Needless to say, if you have recently visited your local retail store, supermarket, or convenience store you must have observed how inescapable the IoT has become in the retail industry.
You might be wondering, what this IoT in retail is all about and how this is revolutionizing the ecommerce industry. Well, this blog on the same will let you know all you must know. It will make it clear why more than 70% of retail store owners are confident that IoT is going to impact how they will do business in the future.
