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Report Description

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 0.59 Billion

CAGR (2023-2028)

18.47%

Fastest Growing Segment

Customer Management

Largest Market

United Arab Emirates


Market Overview

The Middle East & Africa retail analytics market was valued at USD 0.59 Billion in 2022 and is anticipated to project robust growth at a CAGR of 18.47% during the forecast period. The Middle East & Africa (MEA) retail analytics market is undergoing a profound transformation that is reshaping the retail landscape across the region. Stretching from Morocco to South Africa and encompassing the Gulf states, MEA is home to a diverse and rapidly evolving retail sector. In recent years, the market has witnessed a surge in demand for retail analytics solutions, driven by a confluence of factors that include rapid urbanization, a burgeoning middle-class population, and the increasing integration of digital technologies in the retail ecosystem. One of the primary drivers of the MEA retail analytics market's growth is the region's increasingly tech-savvy consumer base. As consumers in the Middle East and Africa become more digitally connected and informed, their expectations from retailers are evolving rapidly. They demand personalized shopping experiences, convenient online and offline interactions, and timely access to products and services. Retailers across the MEA region is recognizing that the path to meeting these evolving expectations lies in harnessing the power of data analytics. By delving into consumer data, retailers can gain invaluable insights into consumer behavior, preferences, and trends. This data-driven approach empowers them to tailor their marketing strategies, optimize inventory management, and even offer dynamic pricing strategies, all of which enhance their ability to meet customer demands effectively. The rise of data-driven personalization is revolutionizing the retail landscape, and MEA retailers are eager to embrace these transformative possibilities. The COVID-19 pandemic has acted as a catalyst for the adoption of retail analytics solutions in the MEA region. Retailers found themselves facing unprecedented challenges during the pandemic, from supply chain disruptions to rapidly changing consumer behaviors. The need for real-time visibility into operations and the ability to make data-driven decisions became critical for survival and adaptability. In response, many retailers turned to advanced analytics tools and solutions to help them navigate these challenges. The pandemic underscored the importance of agility and resilience in the retail sector, and analytics tools emerged as indispensable enablers in the quest for business continuity. Furthermore, governments and regulatory bodies across the MEA region are increasingly recognizing the potential of retail analytics to drive economic growth and improve market competitiveness. Initiatives aimed at promoting digitalization and innovation in retail are creating an enabling environment for the adoption of analytics solutions. The public sector's involvement in fostering digital transformation in retail is facilitating the integration of cutting-edge technologies into traditional retail operations, further accelerating the pace of change. Another significant factor influencing the MEA retail analytics market is the rise of e-commerce and the growing importance of omni-channel retailing. With the rapid growth of online shopping platforms and changing consumer preferences, retailers are under pressure to adapt and provide seamless experiences across both online and offline channels. This shift necessitates the use of analytics to gain a holistic view of customer behavior, preferences, and purchase journeys. Retailers are leveraging analytics to understand how customers interact with their brand across various touchpoints, optimizing their marketing efforts, and streamlining inventory management to align with omni-channel strategies. In this way, analytics is becoming instrumental in achieving synergy between online and offline retail channels. Moreover, the application of analytics extends beyond customer-centric aspects of retail. Supply chain optimization is another critical area where analytics is making a significant impact. By analyzing supply chain data, retailers can anticipate demand fluctuations, optimize inventory levels, and enhance the efficiency of their logistics and distribution operations. This not only reduces costs but also ensures that products are readily available to meet customer expectations. In conclusion, the Middle East & Africa retail analytics market is on an exciting trajectory of growth and innovation. The confluence of factors like tech-savvy consumers, pandemic-induced disruptions, government support for digitalization, and the rise of omni-channel retailing is driving the rapid adoption of analytics solutions across the region's retail sector. Retailers are increasingly recognizing that their ability to thrive and remain competitive hinges on their capacity to harness the power of data analytics. As this trend continues to gain momentum, the MEA retail analytics market offers immense potential for both regional and global players. It presents abundant opportunities for businesses to not only thrive but also to contribute to the transformation of the retail industry in the Middle East and Africa.

Key Market Drivers

Rapid Urbanization and Expanding Middle-Class Population

The Middle East & Africa (MEA) retail analytics market is experiencing a robust surge in demand, primarily driven by the region's rapid urbanization and the expansion of its middle-class population. Urbanization in MEA is occurring at an unprecedented pace, with millions of people migrating from rural areas to cities in search of better economic opportunities and an improved standard of living. This urbanization trend is resulting in a burgeoning middle-class population with increased purchasing power and higher disposable incomes. As more consumers transition to urban lifestyles, their shopping habits are evolving, with a growing preference for modern retail formats such as shopping malls, supermarkets, and e-commerce platforms. Retailers are leveraging retail analytics to better understand the needs and preferences of this expanding middle-class consumer base. By analyzing data related to consumer behavior, shopping patterns, and preferences, retailers can tailor their product assortments, pricing strategies, and marketing campaigns to cater to this dynamic market segment effectively. This demographic shift is a significant driver of the MEA retail analytics market, offering immense growth potential for businesses in the region.

Increasing Adoption of Digital Technologies

The MEA retail landscape is witnessing a digital revolution, characterized by the widespread adoption of digital technologies and the proliferation of internet connectivity. The region's consumers are becoming increasingly tech-savvy, relying on smartphones, tablets, and computers to access information, make purchases, and engage with brands. This digital transformation is reshaping the way retailers operate and interact with customers, necessitating the adoption of retail analytics solutions. Retailers in MEA are recognizing the need to harness data analytics to remain competitive in the digital era. By collecting and analyzing data from various digital touchpoints such as e-commerce websites, mobile apps, and social media, retailers can gain valuable insights into customer behavior and preferences. These insights enable them to create personalized shopping experiences, optimize their online storefronts, and implement targeted marketing campaigns. Additionally, the integration of technologies like artificial intelligence (AI) and machine learning (ML) is enhancing the predictive capabilities of retail analytics, allowing retailers to forecast demand, optimize pricing, and streamline inventory management. The increasing adoption of digital technologies is a fundamental driver of the MEA retail analytics market, empowering retailers to stay relevant in an increasingly connected world.

Government Initiatives Promoting Digitalization

Governments and regulatory bodies across the MEA region are actively promoting digitalization and innovation in various sectors, including retail. Recognizing the potential of digital technologies to drive economic growth and enhance market competitiveness, governments are implementing policies and initiatives that create an enabling environment for the adoption of retail analytics solutions. These initiatives encompass a range of activities, including infrastructure development, regulatory reforms, and financial incentives aimed at encouraging businesses to invest in digital transformation. In addition, governments are focusing on improving digital literacy and providing support for technology startups and innovative businesses. These efforts are fostering a culture of innovation and technology adoption, which directly benefits the retail sector.

Furthermore, governments are advocating for the adoption of digital payment systems and e-commerce platforms, which generate valuable data that can be leveraged by retailers for analytics. This alignment between government policies and the retail sector's digitalization drive is a significant driver of the MEA retail analytics market. It not only encourages businesses to invest in analytics solutions but also ensures the long-term sustainability of digital transformation efforts.

Increasing Competition and the Need for Differentiation

The retail landscape in MEA is becoming increasingly competitive, with both traditional brick-and-mortar retailers and e-commerce players vying for market share. To thrive in this competitive environment, retailers are turning to retail analytics as a means of differentiation. Analytics tools and solutions provide retailers with the means to gain a deeper understanding of their customers, optimize their operations, and make data-driven decisions that give them a competitive edge. One of the key areas where analytics is making a difference is in customer experience enhancement. Retailers are using data to personalize interactions, recommend products, and offer targeted promotions, creating a more engaging and satisfying shopping journey. Analytics also plays a pivotal role in inventory management, helping retailers optimize stock levels, reduce excess inventory, and minimize stockouts. Additionally, analytics aids in pricing strategies, enabling dynamic pricing adjustments based on demand fluctuations and competitive pricing analysis.


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Key Market Challenges

Data Privacy and Security Concerns

One of the significant challenges facing the Middle East & Africa (MEA) retail analytics market is the increasing concern around data privacy and security. As retailers in the region gather and analyze vast amounts of customer data to drive business decisions and improve customer experiences, they are faced with the critical responsibility of safeguarding this sensitive information. Data privacy regulations and consumer awareness around the importance of protecting personal data are growing, and retailers must navigate a complex landscape of compliance requirements. MEA countries are introducing and enhancing data protection laws and regulations, such as the General Data Protection Regulation (GDPR) and the Personal Data Protection Law (PDPL) in some Gulf states. These regulations impose strict requirements on how businesses collect, store, process, and share customer data.

Compliance with these regulations can be challenging, as it often involves significant investments in data security infrastructure, data encryption, and compliance monitoring. Retailers must also ensure that third-party vendors and partners they collaborate with adhere to the same standards, as data breaches or non-compliance can result in severe financial penalties, damage to reputation, and legal consequences.

Furthermore, the MEA region is not immune to cybersecurity threats, and retailers are increasingly targeted by cybercriminals seeking to exploit vulnerabilities in their data systems. As retailers expand their online presence and e-commerce operations, they become attractive targets for data breaches, ransomware attacks, and other cybercrimes.

Infrastructure and Technology Gaps

Another significant challenge in the MEA retail analytics market is the presence of infrastructure and technology gaps across the region. While some areas in MEA, such as the Gulf states and urban centers, have seen substantial technological advancements and infrastructure development, other parts of the region still face challenges in terms of connectivity, internet access, and reliable power supply. These infrastructure gaps can hinder the adoption of advanced retail analytics solutions, especially in rural or underserved areas. For retailers operating in such regions, accessing, and leveraging data effectively can be difficult. Slow internet speeds and limited digital connectivity can result in delays in data transmission and analysis, impacting the real-time capabilities of analytics systems.

Moreover, the cost of deploying and maintaining sophisticated analytics infrastructure can be prohibitive for some retailers, particularly small and medium-sized enterprises (SMEs). Many retailers in MEA may lack the financial resources to invest in high-end analytics tools and platforms, putting them at a competitive disadvantage. In addition to infrastructure challenges, there can be a shortage of skilled data analysts and data scientists in certain regions of MEA, limiting retailers' ability to extract actionable insights from their data. This skills gap may require additional investments in training and talent acquisition to harness the full potential of retail analytics.

Key Market Trends

Omni-Channel Retailing Reshaping Consumer Expectations

One prominent trend shaping the Middle East & Africa (MEA) retail analytics market is the rise of omni-channel retailing and its profound impact on consumer expectations. With consumers increasingly seeking seamless and consistent shopping experiences across both online and offline channels, retailers in the region are compelled to adapt their strategies and operations. Omni-channel retailing involves the integration of various touchpoints, including brick-and-mortar stores, e-commerce websites, mobile apps, and social media, into a unified shopping journey. Retailers are leveraging analytics to gain deeper insights into consumer behavior and preferences across these diverse channels. They use data to track customer interactions, monitor purchase journeys, and identify opportunities for engagement. Retail analytics also enables retailers to optimize inventory management by ensuring that products are available for purchase, whether online or in-store, and align pricing strategies to maintain consistency and competitiveness.

As consumer expectations for a seamless shopping experience continue to evolve, the demand for advanced analytics solutions that facilitate omni-channel integration is on the rise. Retailers are adopting data-driven strategies to meet these expectations, leading to increased investments in analytics platforms that can provide real-time visibility and actionable insights across all retail touchpoints. This trend not only enhances the shopping experience but also drives the growth of the MEA retail analytics market.

Enhanced Personalization and Customer Engagement

Personalization and customer engagement are becoming paramount in the MEA retail landscape, and this trend is driving the adoption of advanced analytics solutions. Shoppers in the region, like elsewhere in the world, are seeking more personalized and relevant shopping experiences. They expect retailers to understand their preferences, anticipate their needs, and deliver tailored recommendations and promotions. Retailers are responding by using analytics to create detailed customer profiles and segmentations based on behavior, demographics, and purchase history. Armed with this information, they can deliver personalized marketing messages, product recommendations, and pricing offers. Personalization not only improves customer satisfaction but also drives higher conversion rates and customer loyalty.

Moreover, customer engagement strategies are increasingly data driven. Retailers are leveraging analytics to identify key touchpoints in the customer journey and optimize each interaction. This includes using data to improve the design and functionality of e-commerce websites and mobile apps, enhance in-store experiences, and deliver timely and relevant communications via email, SMS, and social media. With the rising importance of personalization and customer engagement, the demand for advanced analytics solutions that can process and analyze vast amounts of data in real time is growing. This trend is pushing the MEA retail analytics market to develop more sophisticated and integrated tools to help retailers deliver the personalized experiences that consumers now expect.

Sustainability and Ethical Consumerism

Sustainability and ethical consumerism are emerging as significant trends in the MEA retail market, and retailers are leveraging retail analytics to address these concerns. Consumers in the region are becoming more environmentally and socially conscious, leading them to make purchasing decisions based on the ethical and sustainable practices of brands and retailers. Retailers are using analytics to not only track and measure their own sustainability efforts but also to communicate these efforts transparently to consumers. This includes monitoring and optimizing supply chain processes to reduce carbon footprints, sourcing products from ethical and sustainable suppliers, and ensuring fair labor practices.

Analytics plays a pivotal role in providing visibility into the entire supply chain, from raw material sourcing to product delivery, enabling retailers to make data-driven decisions that align with sustainability goals. Furthermore, retailers are utilizing data analytics to understand consumer preferences for sustainable products, allowing them to curate assortments that cater to these preferences. As sustainability and ethical concerns continue to gain prominence, the MEA retail analytics market is witnessing an increased demand for solutions that can provide accurate and transparent reporting on sustainability metrics. Retailers are using analytics to not only meet consumer expectations but also drive operational efficiencies and cost savings through sustainable practices.

Segmental Insights

Component Insights

Based on the component, the software segment in the Middle East & Africa retail analytics market is dominated and is anticipated to maintain its dominance throughout the forecast period. This dominance can be attributed to the pivotal role that software solutions play in unlocking the potential of data-driven decision-making for retailers across the region. MEA retailers increasingly rely on retail analytics software to glean actionable insights from their data, enabling them to enhance operational efficiency, optimize inventory management, personalize customer experiences, and make informed strategic choices. These software solutions encompass a wide range of functionalities, including data integration, data visualization, predictive analytics, and artificial intelligence (AI)-driven algorithms. They empower retailers to harness the wealth of data generated through various channels, such as point-of-sale systems, e-commerce platforms, and customer interactions, and transform it into actionable intelligence. As competition in the MEA retail sector intensifies and consumer expectations continue to evolve, the software segment remains at the forefront, offering retailers the tools they need to adapt, innovate, and thrive in an increasingly data-centric retail landscape.

Application Insights

Based on application, merchandising analytics segment emerged as the dominant force in the Middle East & Africa retail analytics market and is projected to sustain its dominance throughout the forecast period. This segment's prominence underscores the critical role that merchandising plays in the success of retail operations across the region. MEA retailers are increasingly turning to merchandising analytics to gain a deeper understanding of consumer preferences, demand patterns, and product performance. Merchandising analytics empowers retailers to optimize their product assortments, pricing strategies, and inventory management to meet customer expectations effectively. By analysing data from various sources, including sales records, historical data, and market trends, retailers can make data-driven decisions regarding which products to stock, when to introduce promotions, and how to price their offerings competitively. This not only enhances the overall shopping experience for customers but also boosts profitability and competitiveness for retailers in the MEA region. As consumer behaviours continue to evolve and become more sophisticated, the importance of merchandising analytics in meeting these evolving expectations cannot be overstated. The ability to adapt quickly, fine-tune product offerings, and make pricing decisions based on real-time data insights positions the merchandising analytics segment as a crucial driver of success in the MEA retail landscape.

Deployment Mode Insights

Based on deployment mode, the cloud deployment mode emerged as the dominant segment in the Middle East & Africa retail analytics market and is anticipated to maintain its dominance throughout the forecast period. The preference for cloud-based solutions reflects a broader trend in the MEA region, where businesses are increasingly recognizing the advantages of cloud technology. Cloud deployment offers retailers flexibility, scalability, and cost-efficiency, which are particularly crucial in a dynamic and competitive retail landscape. Retailers in MEA are turning to cloud-based retail analytics solutions to harness the power of data without the burden of heavy on-premises infrastructure investments. Cloud deployment enables rapid implementation and easy scalability, allowing retailers to adapt to changing business needs and customer demands quickly. Moreover, it facilitates remote access to data and analytics tools, providing retailers with real-time insights regardless of their location, a particularly valuable feature in a region as vast and diverse as MEA.

Furthermore, the cloud deployment mode aligns well with the increasing demand for omni-channel retailing and the need for seamless data integration across various touchpoints. Retailers can centralize and share data efficiently in the cloud, enabling consistent and real-time decision-making across online and offline channels. As data-driven strategies continue to shape the MEA retail sector, cloud deployment mode's dominance signifies its pivotal role in helping retailers stay agile, competitive, and technologically resilient in the evolving retail landscape.


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Country Insights

United Arab Emirates (UAE) emerged as the dominant country in the Middle East & Africa retail analytics market and is anticipated to maintain its dominance throughout the forecast period. This dominance is underpinned by the UAE's vibrant and dynamic retail sector, characterized by a blend of traditional and modern shopping experiences in a country known for its affluence and diverse consumer demographics. Retailers in the UAE have proactively embraced retail analytics to cater to the evolving expectations of a discerning consumer base, driving the demand for advanced analytics solutions. One of the primary factors contributing to the UAE's supremacy in the MEA retail analytics market is the pervasive adoption of merchandising analytics. Retailers in the UAE employ data-driven insights to optimize product assortments, pricing strategies, and inventory management, thus enhancing customer satisfaction and bolstering profitability. The UAE's commitment to technological innovation, coupled with its status as a global business and tourism hub, has propelled the adoption of omni-channel analytics, ensuring seamless and personalized shopping experiences across both online and offline channels. As the UAE continues to lead in leveraging analytics to navigate the complex retail landscape, its dominant role is set to persist, making it a trailblazer for retail innovation in the region.

Recent Developments

  • In September 2023, Alteryx, a leading data analytics company, announced the launch of "Alteryx Analytics for Retail". This specialized analytics solution is designed to cater specifically to the unique needs and challenges faced by retailers operating in the MEA market. "Alteryx Analytics for Retail" offers a comprehensive suite of tools and features aimed at empowering retailers with data-driven insights and decision-making capabilities. MEA retailers can now harness the power of advanced analytics to optimize various aspects of their operations, including merchandising strategies, inventory management, pricing, supply chain, and customer engagement. The solution allows retailers to analyze vast amounts of data from multiple sources, such as point-of-sale systems, e-commerce platforms, and customer interactions, in real time.
  • In September 2023, SAS, a global leader in analytics and data management solutions, unveiled its latest suite of retail analytics solutions. This launch marks a significant step forward in enhancing the capabilities of retailers in the Middle East, offering them a robust set of tools and technologies to optimize operations, enhance customer experiences, and drive business growth. SAS' new Retail Analytics Solutions are tailored to address the unique challenges and opportunities present in the Middle East's diverse and rapidly evolving retail market. This comprehensive suite covers a wide array of applications, including merchandising analytics, demand forecasting, inventory optimization, and customer segmentation. By harnessing the power of data analytics, retailers in the Middle East can gain deeper insights into consumer behavior, make data-driven decisions, and tailor their strategies to meet the specific demands of their customer base.

Key Market Players

  • IBM Corporation MEA
  • SAP SE (Societas Europaea)
  • Oracle Corporation
  • SAS Institute Inc. (Middle East & Africa)
  • Tableau Software LLC (acquired by Salesforce)
  • QlikTech International AB
  • Alteryx, Inc.
  • Teradata Corporation
  • MicroStrategy Middle East FZ-LLC
  • TIBCO Software Inc.

By Component

By Deployment Mode

By Organization Size

By Application

  • Software
  • Service
  • Cloud
  • On-Premises
  • SME’s
  • Large Organization
  • Customer Management
  • Inventory Analysis
  • Yield Analysis
  • Order & Fulfilment Management
  • Merchandising Analysis
  • Performance Analysis
  • Pricing Analysis
  • Cluster Planning & Transportation Management
  • Others

 

Report Scope:

In this report, the Middle East & Africa Retail Analytics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Middle East & Africa Retail Analytics Market, By Component:

o   Software

o   Services

  • Middle East & Africa Retail Analytics Market, By Deployment Mode:

o   Cloud

o   On-Premises

  • Middle East & Africa Retail Analytics Market, By Organization Size:

o   SME’s

o   Large Organization

  • Middle East & Africa Retail Analytics Market, By Application:

o   Customer Management

o   Inventory Analysis

o   Yield Analysis

o   Order & Fulfilment Management

o   Merchandising Analysis

o   Performance Analysis

o   Pricing Analysis

o   Cluster Planning & Transportation Management

o   Others

  • Middle East & Africa Retail Analytics Market, By End User:

o   Offline

o   Online

  • Middle East & Africa Retail Analytics Market, By Country:

o   United Arab Emirates

o   Saudi Arabia

o   South Africa

o   Turkey

o   Israel

o   Qatar

o   Nigeria

o   Morocco

o   Egypt

o   Kenya

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Middle East & Africa Retail Analytics Market.

Available Customizations:

Middle East & Africa retail analytics market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Middle East & Africa Retail Analytics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.  Markets Covered

1.2.2.  Years Considered for Study

1.2.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Middle East & Africa Retail Analytics Market

5.    Voice of Customer

6.    Middle East & Africa Retail Analytics Market Overview

7.    Middle East & Africa Retail Analytics Market Outlook

7.1.  Market Size & Forecast

7.1.1.  By Value

7.2.  Market Share & Forecast

7.2.1.  By Component (Software, Service)

7.2.2.  By Deployment Mode (Cloud, On-Premises)

7.2.3.  By Organization Size (SME’s, Large Organization)

7.2.4.  By Application (Customer Management, Inventory Analysis, Yield Analysis, Order & Fulfilment Management, Merchandising Analysis, Performance Analysis, Pricing Analysis, Cluster Planning & Transportation Management, and Others)

7.2.5.  By End User (Offline, Online)

7.2.6.  By Country (United Arab Emirates, Saudi Arabia, South Africa, Turkey, Israel, Qatar, Nigeria, Morocco, Egypt, and Kenya)

7.3.  By Company (2022)

7.4.  Market Map

8.    United Arab Emirates Retail Analytics Market Outlook

8.1.  Market Size & Forecast

8.1.1.  By Value

8.2.  Market Share & Forecast

8.2.1.  By Component

8.2.2.  By Deployment Mode

8.2.3.  By Organization Size

8.2.4.  By Application

8.2.5.  By End User

9.    Saudi Arabia Retail Analytics Market Outlook

9.1.  Market Size & Forecast

9.1.1.  By Value

9.2.  Market Share & Forecast

9.2.1.  By Component

9.2.2.  By Deployment Mode

9.2.3.  By Organization Size

9.2.4.  By Application

9.2.5.  By End User

10. South Africa Retail Analytics Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Deployment Mode

10.2.3. By Organization Size

10.2.4. By Application

10.2.5. By End User

11. Turkey Retail Analytics Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By Deployment Mode

11.2.3. By Organization Size

11.2.4. By Application

11.2.5. By End User

12. Israel Retail Analytics Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Component

12.2.2. By Deployment Mode

12.2.3. By Organization Size

12.2.4. By Application

12.2.5. By End User

13. Qatar Retail Analytics Market Outlook

13.1. Market Size & Forecast

13.1.1. By Value

13.2. Market Share & Forecast

13.2.1. By Component

13.2.2. By Deployment Mode

13.2.3. By Organization Size

13.2.4. By Application

13.2.5. By End User

14. Nigeria Retail Analytics Market Outlook

14.1. Market Size & Forecast

14.1.1. By Value

14.2. Market Share & Forecast

14.2.1. By Component

14.2.2. By Deployment Mode

14.2.3. By Organization Size

14.2.4. By Application

14.2.5. By End User

15. Morocco Retail Analytics Market Outlook

15.1. Market Size & Forecast

15.1.1. By Value

15.2. Market Share & Forecast

15.2.1. By Component

15.2.2. By Deployment Mode

15.2.3. By Organization Size

15.2.4. By Application

15.2.5. By End User

16. Egypt Retail Analytics Market Outlook

16.1. Market Size & Forecast

16.1.1. By Value

16.2. Market Share & Forecast

16.2.1. By Component

16.2.2. By Deployment Mode

16.2.3. By Organization Size

16.2.4. By Application

16.2.5. By End User

17. Kenya Retail Analytics Market Outlook

17.1. Market Size & Forecast

17.1.1. By Value

17.2. Market Share & Forecast

17.2.1. By Component

17.2.2. By Deployment Mode

17.2.3. By Organization Size

17.2.4. By Application

17.2.5. By End User

18. Market Dynamics

18.1.Drivers

18.2.Challenges

19. Market Trends and Developments

20. Company Profiles

20.1.   IBM Corporation MEA

20.1.1. Business Overview

20.1.2. Key Revenue and Financials  

20.1.3. Recent Developments

20.1.4. Key Personnel

20.1.5. Key Product/Services Offered

20.2.   SAP SE (Societas Europaea)

20.2.1. Business Overview

20.2.2. Key Revenue and Financials  

20.2.3. Recent Developments

20.2.4. Key Personnel

20.2.5. Key Product/Services Offered

20.3.   Oracle Corporation

20.3.1. Business Overview

20.3.2. Key Revenue and Financials  

20.3.3. Recent Developments

20.3.4. Key Personnel

20.3.5. Key Product/Services Offered

20.4.   Salesforce.com, Inc. (Middle East & Africa)

20.4.1. Business Overview

20.4.2. Key Revenue and Financials  

20.4.3. Recent Developments

20.4.4. Key Personnel

20.4.5. Key Product/Services Offered

20.5.   Tableau Software LLC (acquired by Salesforce)

20.5.1. Business Overview

20.5.2. Key Revenue and Financials  

20.5.3. Recent Developments

20.5.4. Key Personnel

20.5.5. Key Product/Services Offered

20.6.   QlikTech International AB

20.6.1. Business Overview

20.6.2. Key Revenue and Financials  

20.6.3. Recent Developments

20.6.4. Key Personnel

20.6.5. Key Product/Services Offered

20.7.   Alteryx, Inc.

20.7.1. Business Overview

20.7.2. Key Revenue and Financials  

20.7.3. Recent Developments

20.7.4. Key Personnel

20.7.5. Key Product/Services Offered

20.8.   Teradata Corporation

20.8.1. Business Overview

20.8.2. Key Revenue and Financials  

20.8.3. Recent Developments

20.8.4. Key Personnel

20.8.5. Key Product/Services Offered

20.9.   MicroStrategy Middle East FZ-LLC

20.9.1. Business Overview

20.9.2. Key Revenue and Financials  

20.9.3. Recent Developments

20.9.4. Key Personnel

20.9.5. Key Product/Services Offered

20.10.TIBCO Software Inc.

20.10.1. Business Overview

20.10.2. Key Revenue and Financials  

20.10.3. Recent Developments

20.10.4. Key Personnel

20.10.5. Key Product/Services Offered

21. Strategic Recommendations

22. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the Middle East & Africa retail analytics market was estimated to be USD 0.59 Billion in 2022.

The customer management was the dominant segment by application in the Middle East & Africa retail analytics market in 2022.

Challenges in the Middle East & Africa retail analytics market include data privacy concerns, integration complexities with existing systems, ensuring data accuracy, and managing the vast amount of data generated. Additionally, the need for skilled personnel for data analysis and staying up to date with evolving analytics technologies poses challenges for retailers aiming to effectively implement and leverage retail analytics solutions.

Major drivers for the Middle East & Africa retail analytics market include increasing adoption of digital technologies. Increasing competition & the need for differentiation coupled with the government initiatives promoting digitalization, is propelling the adoption of retail analytics solutions.

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