Dublin, Feb. 12, 2025 (GLOBE NEWSWIRE) — The “Retail Digital Transformation – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Retail Digital Transformation was valued at USD 305 Billion in 2024 and is projected to reach USD 859.5 Billion by 2030, growing at a CAGR of 18.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the global Retail Digital Transformation market is driven by several key factors, including the increasing adoption of e-commerce, advancements in digital technologies, and the growing focus on customer-centric business models. One of the primary growth drivers is the rapid expansion of e-commerce, which has fundamentally changed the retail landscape.
The proliferation of online shopping platforms, combined with the rise of mobile commerce and digital payment solutions, is pushing traditional retailers to accelerate their digital transformation efforts. As a result, retailers are investing in technologies such as AI-powered recommendation engines, personalized marketing tools, and robust e-commerce platforms that enable them to capture a larger share of the digital market.
This shift is not limited to consumer-facing applications; back-end processes such as supply chain management, inventory optimization, and demand forecasting are also being digitized to improve efficiency and responsiveness to market dynamics. The integration of these technologies is helping retailers optimize their operations and deliver enhanced customer experiences, which is essential for driving growth in an increasingly digital-first world.
The growing focus on customer-centric business models is another critical driver of market growth. Retailers are leveraging data analytics, AI, and machine learning to gain deeper insights into customer preferences and behaviors, enabling them to deliver highly personalized experiences that increase customer engagement and loyalty. These technologies allow retailers to anticipate customer needs, recommend products that align with individual preferences, and provide targeted promotions that resonate with specific customer segments.
Additionally, the rise of the omnichannel retail strategy, which integrates online and offline touchpoints, is driving investments in digital transformation. Retailers are implementing solutions that enable customers to shop seamlessly across channels – whether they are browsing online, picking up in-store, or using mobile apps – creating a unified and cohesive shopping experience. Moreover, the increasing adoption of cloud computing and IoT is enabling retailers to implement scalable and flexible solutions that support real-time decision-making and enhance operational agility.
As these trends continue to shape the retail landscape, the global Retail Digital Transformation market is expected to witness robust growth, driven by the need for innovation, improved efficiency, and superior customer experiences in a highly competitive environment.
Report Scope
The report analyzes the Retail Digital Transformation market, presented in terms of market value (Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Accessibility (Mobile Apps, Websites); Product Type (Consumer Electronics, Apparel, Food & Beverage, Media & Entertainment, Beauty & Personal Care, Furniture & Home Decor, Other Product Types).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Mobile Apps Accessibility segment, which is expected to reach $677.1 Billion by 2030 with a CAGR of a 21%. The Websites Accessibility segment is also set to grow at 12.7% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, valued at $84.4 Billion in 2024, and China, forecasted to grow at an impressive 17.3% CAGR to reach $125.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Alibaba Group Holding Ltd., Amazon.com, Inc., Ebay, Inc., Flipkart Internet Pvt Ltd, Otto GmbH & Co., KG and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
Detailed Market Analysis: Access a thorough analysis of the Global Retail Digital Transformation Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Retail Digital Transformation Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
How is the Global Retail Digital Transformation Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?
Some of the 42 major companies featured in this Retail Digital Transformation market report include:
Key Attributes
Report Attribute
Details
No. of Pages
194
Forecast Period
2024-2030
Estimated Market Value (USD) in 2024
$305 Billion
Forecasted Market Value (USD) by 2030
$859.5 Billion
Compound Annual Growth Rate
18.8%
Regions Covered
Global
MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Retail Digital Transformation – Global Key Competitors Percentage Market Share in 2025 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
MARKET TRENDS & DRIVERS
Rising Adoption of E-Commerce Solutions Drives Digital Transformation in Retail Sector
Growing Focus on Enhancing Customer Experience Bodes Well for Adoption of Digital Technologies
Increasing Use of AI and Machine Learning in Retail Expands Addressable Market for Digital Transformation Solutions
Emergence of Omnichannel Retailing Generates Demand for Integrated Digital Platforms
Rising Popularity of Contactless Payment Solutions Spurs Growth in Retail Digital Transformation
Development of Smart Retail Solutions Strengthens Business Case for Digital Transformation
Integration of AR/VR Technologies in Retail Sets the Stage for Enhanced Customer Engagement
Growing Demand for Personalization in Retail Fuels Adoption of AI-Powered Solutions
Rising Investments in Digital Marketing Solutions Supports Market Growth
Emergence of Social Commerce Generates New Market Opportunities
Expansion of Mobile Commerce Drives Demand for Mobile-Friendly Digital Solutions
Need for Real-Time Inventory Management Fuels Adoption of Digital Solutions in Retail
Rising Popularity of Self-Service Technologies Propels Demand for Smart Retail Solutions
Focus on Leveraging Big Data for Consumer Insights Bodes Well for Market Growth
Proliferation of IoT Devices in Retail Creates New Opportunities for Digital Transformation
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