Latin America connected retail solutions market is expected to expand at a CAGR of 19.8% during the 2018-2023

Latin America

Aug 26, 2019 (AmericaNewsHour) — The Latin America connected retail solutions market is expected to expand at a CAGR of 19.8% during the 2018-2023 period, owing to the rapid adoption of the Internet of Things (IoT), and shift towards omnichannel retailing.

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Based on application segment insights:The growing popularity of LATAM as a supply chain partner is driven by the region’s close proximity to North America, which has liberal trade policies and attractive labor costs. Businesses in Latin America are adopting leading-edge supply chain practices for collaboration with different global partners to compete in the international markets. This will drive profitability of the market. The supply chain management (SCM) segment will drive a high CAGR (32.7%) during the forecast period. Close on its heels will be the Business Analytics/Business Intelligence segment, anticipated to expand at a CAGR of 17.8%.

Based on country insights:In 2018, Brazil represented the largest market share, accounting for 51% of Latin America’s connected retail solutions market revenue. Increasing penetration of Internet subscribers in Brazil is further strengthening the potential of connected retail solutions. Brazil is also the first country in the region to use digital wallets. However, Mexico is anticipated to expand at the highest CAGR during the forecast period owing to its leadership position in mobile retailing.

Companies covered:? Verizon Communications
? Microsoft
? IBM
? Intel
? Cisco Systems

What is the aim of the report?

  • The Market report presents the estimated Market size of Latin America Connected Retail Solutions Market by the end of forecast period. Additionally, the historical and current Market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Latin America Connected Retail Solutions Market based on geographical scope, Market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Battery Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of the Latin America Connected Retail Solutions Market are incorporated in the research report.
  • The report analyzes growth rate, Market size and valuation of the Latin America Connected Retail Solutions Market during the forecast period.

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