In 2020, the market of predictive analytics in department stores was forecast to reach 9.2 billion U.S. dollars globally, a 27 percent of compound annual growth rate since 2015 when the value reached 2.7 billion U.S. dollars. Predictive analytics assist retailers in making better informed decisions about stocking and product ordering.
Market value of predictive analytics in department stores worldwide from 2015 to 2020
(in billion U.S. dollars)
* Forecast.
An exponential development of the values was assumed to estimate the annual values between 2015 and 2020, which were provided by the source. The compound annual growth rate given by the source was 27 percent.
The source does not provide a publication date. The released date is the date of access.
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SOMAmetrics. (February 19, 2021). Market value of predictive analytics in department stores worldwide from 2015 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1208331/market-value-predictive-analytics-in-department-stores-globally/
SOMAmetrics. "Market value of predictive analytics in department stores worldwide from 2015 to 2020 (in billion U.S. dollars)." Chart. February 19, 2021. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1208331/market-value-predictive-analytics-in-department-stores-globally/
SOMAmetrics. (2021). Market value of predictive analytics in department stores worldwide from 2015 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1208331/market-value-predictive-analytics-in-department-stores-globally/
SOMAmetrics. "Market Value of Predictive Analytics in Department Stores Worldwide from 2015 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Feb 2021, https://www.statista.com/statistics/1208331/market-value-predictive-analytics-in-department-stores-globally/
SOMAmetrics, Market value of predictive analytics in department stores worldwide from 2015 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1208331/market-value-predictive-analytics-in-department-stores-globally/ (last visited November 22, 2024)
Market value of predictive analytics in department stores worldwide from 2015 to 2020 (in billion U.S. dollars) [Graph], SOMAmetrics, February 19, 2021. [Online]. Available: https://www.statista.com/statistics/1208331/market-value-predictive-analytics-in-department-stores-globally/
