Internet Of Things (IoT) In Retail Applications Market Global Report 2026

The internet of things (IoT) in retail applications market size has grown exponentially in recent years. It will grow from $39.91 billion in 2025 to $51.31 billion in 2026 at a compound annual growth rate (CAGR) of 28.6%. The growth in the historic period can be attributed to increasing demand for inventory visibility, rising adoption of automated retail operations, growing need for accurate stock monitoring, increasing focus on enhancing customer experience, and expanding adoption of electronic payment systems.

The internet of things (IoT) in retail applications market size is expected to see exponential growth in the next few years. It will grow to $138.39 billion in 2030 at a compound annual growth rate (CAGR) of 28.1%. The growth during the forecast period can be attributed to growing demand for frictionless checkout experiences, rising need for real-time retail decision-making, increasing adoption of connected store infrastructure, expanding demand for automated loss prevention, and growing need for supply chain visibility. Major trends in the forecast period include increasing adoption of real-time inventory visibility, rising deployment of automated checkout technologies, growing use of sensor-enabled store operations, increasing demand for personalized customer engagement, and rising integration of connected retail systems.

The rising adoption of connected devices is expected to propel the growth of the Internet of Things (IoT) in the retail applications market going forward. Connected devices are electronic devices that use network connectivity to communicate, exchange data, and interact with other devices or systems. The number of connected devices is increasing due to the rising adoption of smart technologies that enable greater automation, real-time data exchange, and improved operational efficiency. The Internet of Things (IoT) in retail applications supports connected devices by enabling them to collect, share, and analyze real-time data, thereby improving operational efficiency, inventory visibility, and customer experiences. For instance, in July 2025, according to the European Commission, a Belgium-based governing body, in 2023, the number of installed IoT-connected devices was around 40 billion and is projected to reach 49 billion by 2026, representing an annual growth rate of 7%. Therefore, the rising adoption of connected devices is driving the growth of the Internet of Things (IoT) in the retail applications market.

Major companies operating in the Internet of Things (IoT) retail applications market are concentrating on developing innovative solutions, such as intelligent retail edge computing platforms, to improve in-store automation, enhance operational efficiency, and support real-time decision-making. Intelligent retail edge computing platforms are computing systems that process retail data locally using AI and connected technologies, enabling faster analytics, automated operations, and reduced latency without depending entirely on cloud infrastructure. For instance, in March 2026, Fibocom Wireless Inc., a China-based IoT wireless communication solutions provider, launched the AI electronic cash register (ECR) solution, designed to support intelligent retail operations by integrating AI computing capabilities with electronic cash register systems. The solution provides benefits including real-time AI-powered analytics, seamless IoT connectivity, and enhanced operational efficiency. The launch is intended to help retailers optimize store management, strengthen customer engagement, and improve business productivity while supporting the growing adoption of AI-driven smart retail technologies.

In October 2025, Qualcomm Technologies Inc., a US-based semiconductor and wireless technology company, acquired Arduino S.r.l. for an undisclosed amount. Through this acquisition, Qualcomm Technologies sought to accelerate developer access to its edge AI and computing technologies by combining its advanced processing capabilities with Arduino’s open-source ecosystem and global developer community. Arduino S.r.l. is an Italy-based open-source hardware and software company that develops microcontroller platforms widely used for IoT prototyping and connected device development.

Major companies operating in the internet of things (IoT) in retail applications market are Google LLC, Microsoft Corporation, Amazon Web Services Inc, Huawei Technologies Co Ltd, Siemens Aktiengesellschaft, International Business Machines Corporation, Cisco Systems Inc, Intel Corporation, Oracle Corporation, Honeywell International Inc, Qualcomm Incorporated, SAP SE, NXP Semiconductors NV, Avery Dennison Corporation, Zebra Technologies Corporation, PTC Inc, Samsara Inc, SOTI Inc, Impinj Inc, Arm Limited.

North America was the dominant region in the internet of things (IoT) in retail applications market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the internet of things (IoT) in retail applications market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the internet of things (IoT) in retail applications market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

This product will be delivered within 3-5 business days.