Asia Pacific Retail Analytics Market Size, Share & Trends Analysis Report By Deployment Mode, By Component (Solution, and Services) By Services Type, By Business Function, By Enterprise Size, By Application, By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The Asia Pacific Retail Analytics Market would witness market growth of 25.3% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Retail Analytics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,142.5 million by 2031. The Japan market is showcasing a CAGR of 24.5% during (2024 - 2031). Additionally, The India market would register a CAGR of 26.1% during (2024 - 2031).

Analytics helps retailers optimize their merchandising strategies by analyzing sales data, inventory levels, and product performance. Retailers can identify trends, forecast demand, and determine the optimal assortment, pricing, and placement of products to maximize sales and minimize stockouts.

Additionally, by examining historical sales data and demand forecasts, retailers can minimize excess inventory expenditures, optimize inventory levels, and guarantee sufficient stock availability to satisfy consumer demand.

The rapid expansion of digital payment platforms, the proliferation of digital technologies, and the increasing internet penetration rate have all contributed to China's status as one of the largest and most rapidly developing e-commerce industry. Mobile commerce (m-commerce) is thriving in China, driven by the widespread use of smartphones and mobile payment platforms like Alipay and WeChat Pay.

Free Valuable Insights: The Global Retail Analytics Market is Predict to reach USD 39 Billion by 2031, at a CAGR of 24.5%

Based on Deployment Mode, the market is segmented into On-demand, and On-premise. Based on Component, the market is segmented into Solution, and Services. Based on Services Type, the market is segmented into Professional, and Managed. Based on Business Function, the market is segmented into Supply Chain, Strategy & Planning, Sales & Marketing, In-store Operation, and Human Resource (HR) & Others. Based on Enterprise Size, the market is segmented into Large Enterprise, and Small & Medium Enterprise. Based on Application, the market is segmented into Inventory Analysis, Yield Analysis, Performance Analysis, Merchandising Analysis, Customer Management, Pricing Analysis, and Others.Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• Amazon Web Services, Inc. (Amazon.com, Inc.)
• HCL Technologies Ltd. (HCL Enterprises)
• IBM Corporation
• Microsoft Corporation
• MicroStrategy, Inc.
• Oracle Corporation
• Salesforce, Inc.
• SAP SE
• SAS Institute, Inc.
• Teradata Corporation

Asia Pacific Retail Analytics Market Report Segmentation

By Deployment Mode

• On-demand
• On-premise

By Component

• Solution
• Services
  • Professional
  • Managed

By Business Function

• Supply Chain
• Strategy & Planning
• Sales & Marketing
• In-store Operation
• Human Resource (HR) & Others

By Enterprise Size

• Large Enterprise
• Small & Medium Enterprise

By Application

• Inventory Analysis
• Yield Analysis
• Performance Analysis
• Merchandising Analysis
• Customer Management
• Pricing Analysis
• Others

By Country

• China
• Japan
• India
• South Korea
• Australia
• Malaysia
• Rest of Asia Pacific