Internet of Things (IoT) in Retail Stores
Internet of Things (IoT) in retail is considered to be one of the game-changing elements for the way in which business is done today. The idea of “connectivity” is going way beyond laptops and smartphones as we see, it takes us towards an age of smart homes, smart cities, smart stores, smart farming, connected devices, and connected cars. In short a “connected life”.
IoT, a catch-all term in today’s hottest technologies, has been pushed all across the retail stores for years and is steadily becoming more visible as business solutions via digital transformation and not as IoT. According to a recent report by BusinessWire, the global IoT in retail market size is expected to reach USD 94.44 billion by 2025, showing a 21.5% CAGR during the period. A report by Aruba says 79% of retail organizations are expected to have begun using IoT by end of 2019, up from 49% in 2017.