01 A lack of real-time inventory visibility and difficulties in accurately predicting shopper demand often result in overproduction, excess stock or critical shortages — all of which have a direct and detrimental impact on profitability. 02 GenAI is transforming inventory management by enabling accurate demand forecasting, optimized stock levels and streamlined replenishment processes. Solutions like Alloy.ai, Hypersonix and Maiven provide real-time tools that empower retailers to make data-driven decisions and respond swiftly to market changes. 03 If managing inventory is retail business managers’ top priority, delivering personalized shopping experiences is a close second. Offering consumers exactly what they want can drive sales, but it also demands precise control over stock levels to ensure a seamless and satisfying customer experience. Personalized offers fall flat without available inventory

CHICAGO, March 28, 2024 /PRNewswire/ -- Adoption of real-time capabilities and sophisticated analytics, such as artificial intelligence, for omnichannel integration and improved customer experiences is what the Retail Analytics Market will look like in the future. Partnerships for innovation, a rising emphasis on sustainability and ethical analytics, supply chain optimisation, in-store analytics, and a focus on data privacy and security will all be critical.The Retail Analytics Market is projected to grow from USD 8.5 billion in 2024 to USD 25.0 billion by 2029, at a compound annual growth rate (CAGR) of 24.0% during the forecast period, according to a new report by MarketsandMarkets™. The Retail Analytics Market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing increasing adoption of omni-channel retail strategies, exponential growth of e-commerce platforms, and proliferation of data generated through diverse channels is also responsible for driving the market's growth.Browse in-depth TOC on "Retail Analytics Market"300 - Tables75 - Figures310 - PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123460609Scope of the ReportReport Metrics Details Market size available for years 2019–2029 Base year considered 2023 Forecast period 2024–2029 Forecast units USD (Billion) Segments Covered Offering, Business Function, Application, End User, and Region Geographies covered North America, Asia Pacific, Europe, Middle East & Africa, and Latin America Companies covered Microsoft (US), IBM (US), SAP (Germany), Oracle (US), Salesforce (US), MicroStrategy (US), SAS Institute (US), AWS (US), Qlik (US), Teradata (US), WNS (India), HCL (India), Lightspeed Commerce (Canada), RetailNext (US), Manthan Systems (India), Fit Analytics (Germany), Trax (Singapore), ThoughtSpot (US), RELEX Solutions (Finland), Tredence (US), Creatio (US), Solvoyo (US), datapine (Germany), Sisense (US), EDITED (UK), Retail Zipline (US), ThinkINside (Italy), Dor Technologies (US), Triple Whale (Israel), Flame Analytics (Spain), Alloy.ai Technologies (US), Conjura (UK), Kyvos Insights (US), Pygmalios (Slovakia), and SymphonyAI (US)By Software by analytics type, the predictive analytics segment to register for the largest market size during the forecast period.By software by analytics type, the predictive analytics segment is expected to register the largest market size during the forecast period. Predictive analytics software can help forecast sales volumes, identify demand fluctuations, and predict customer preferences, enabling retailers to optimize pricing strategies, allocate resources efficiently, and tailor marketing campaigns to target specific customer segments. Recent advancements in predictive analytics technology, including the integration of AI and machine learning algorithms, have further enhanced the capabilities of predictive analytics software, enabling retailers to gain deeper insights, make more accurate predictions, and drive greater business value.Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=123460609By services, managed services to register for the highest CAGR during the forecast period.The managed segment of the Retail Analytics Market is growing rapidly. Managed service providers (MSPs) offer tailored solutions that cater to the unique needs and challenges of retailers, delivering insights that drive operational efficiency, enhance customer engagement, and drive revenue growth