Brazil leads with 51% Revenue Share of Latin America Connected Retail Solution Market

Posted on 2019-11-22 by Mark Hub in Technology // 0 Comments

Albany, USA, 2019-Nov-22 — /EPR Network/ —

Internet has transformed Latin American’s interaction with different component of daily life that include banking, shopping and spending time. It disrupts various integral aspects of the region including consumption pattern, company landscape and economic prospects. Connected retail is a by-product of internet that is adopted by retail owners to attract consumers and expand customer base. An intelligence report titled, “Latin America Connected Retail Solutions Market (2018-2023) Share, Scope, Revenue, Trends, Drivers, Challenges, Segmentation based on Application (SCM, CRM, BA/BI, Others) and Geography (Brazil, Mexico, Rest of LATAM)” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

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Connected retail in Latin America supplements the citizens with many experiences such as quick product finding, assistance availability, enhanced information about relevant offers and fast service. Self-service access is provided to customers for stock and pricing information with help of kiosks to enhance customer experience. Other significant features include personalized shopping solutions with scanners for self-service and mobile payment devices. Wireless connectivity is provided to customers to enable various in-store activities including receiving and using offers, online product selection and purchase.

LATAM is gaining popularity

Latin America connected retail solutions market is anticipated to grow at 19.8% CAGR for the forecast period 2018-2023. The major factors driving this growth include fast adoption of Internet of Things and growing popularity of omni-channel retiling. LATAM is gaining popularity as supply chain partner owing to the close proximity with North America which beings in cheap labor costs and liberal trade policies. Leading-edge supply chain practices are adopted by businesses in Latin America to partner with world leaders in the domain and gain competitive edge.

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Supply chain management segment is growing fast and is expected to grow at 17.8% CAGR for the forecast period. Brazil was assessed to be the owner of 51% of the revenue generated by Latin American connected retails solutions market in 2018 owing to the increasing internet penetration in the region. Mexico leads mobile retailing space and is expected to grow at fastest CAGR in the forecast period.

Major companies profiled in Latin America connected retail solutions market include Verizon Communications, IBM, Cisco Systems and Microsoft.

Latin America connected retail solution market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Latin America connected retail solution market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Latin America connected retail solution market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on Latin America connected retail solution.

An insightful and deep-dive assessment of the competitive assessment of the Latin America connected retail solution market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Latin America connected retail solution market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Latin America connected retail solution market: Research Methodology

Primary sources and secondary sources propel intelligence report on Latin America connected retail solution market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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