Consumer Goods & Retailing
Internet of Things (IoT) in Retail and Apparel - Thematic Intelligence
Internet of Things (IoT) in Retail and Apparel - Thematic Intelligence
Internet of Things (IoT) in Retail and Apparel - Thematic Intelligence
Summary
The global retail IoT market will be worth $62.4 billion by 2027
The Internet of Things (IoT) describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. GlobalData estimates the total IoT market for retail will be worth $62.4 billion in 2027, growing at a compound annual growth rate (CAGR) of 14.4% between 2022 and 2027.
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