The IT Market Potential for Retail in India market revenue is estimated to reach $81.23 billion by the end of 2020,” said Pavan M, Research Analyst, Infoholic Research. Currently, the increasing demand for IT services is expected to see continued growth over the next few years. The significant growth for In store management and Head quarter management especially in organized retail sector is the major factor that is boosting the IT Market Potential for Retail in India growth.
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Currently, food & grocery retail and apparel are set to be the leading verticals. The food & grocery retail and apparel are expected to play emerging role in next five years. These two sectors are set be emerging markets for IT Market Potential for Retail in India growth. In addition, the introduction of FDI in retail in various capacities is expected to boost the retail market growth in India.
The Increasing globalization of retailing in terms of and point of sale and point of supply the ICT spend in the retail sector increased over the years. It’s important for retailers to deploy more advanced retail information systems to gain competitive edge. The need of improving the customer interaction, to accelerate the retail operations is encouraging retailers to spend huge amount in retail sector.
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The report provides unique insights into and in-depth analysis of ICT spending in retail sector, drivers and restraints as well as growth opportunities. It also contains analysis and forecasted revenues, competitive landscape, company profiles and industry trends.
The main objective of this study is to understand the IT market potential for retail in India. The focus is on different IT systems and applications available in the market with special focus on hardware, software & services market. The report presents the industry structure of retail IT penetration across the retail industry sectors. The report discusses the total market size of the IT retail industry and its segments. The future outlook is an important part of the report, which gives an idea of industry performance in the near future. In addition, there are many players helping the industry to grow, out of which few are discussed in this report.
The market estimates for Indian IT retail market for 2015 is $37.48 billion. The estimated market for 2020 is $81.23 billion, driven by all segments of the industry. The high growth has come mainly from food & grocery and apparel industry. IT services is expected to make a rapid growth in the next five years; expected CARG is 16.73% by 2020.
Customer Centric Management
Supply Chain Solution Management
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Food & Grocery
Food & Service
Tier II & Below
Tata Consulting Services
International Business Machines Corp (IBM)
• The In store management market is expected to have CAGR of 21.5% by 2020.
• The Food & Grocery industry vertical is the largest vertical among the IT Market Potential for Retail in India market with a market share of 60.1% followed by the Apparel segments with a share of 7.9%.
• The metros are predicated to reach at a CAGR of 17.0% during the period 2015-2020.