GCC in the Retail and Consumer Goods Market Size to Surpass USD 76.9 Billion by 2032 Owing to Rising Adoption of AI and Digital Transformation | Research SNS Insider
AI, automation, and data analytics play a crucial role in transforming RCG by optimizing supply chains, enhancing customer engagement, and boosting efficiency. These technologies are revolutionizing the way businesses operate and make decisions. By leveraging AI, automation, and data analytics, RCG can stay ahead of the competition and drive growth. The integration of these technologies enables RCG to make informed decisions based on real-time data and insights. Overall, AI, automation, and data analytics are key drivers of transformation and innovation in RCG.
Market Analysis: GCC in the Retail and Consumer Goods
Pune, March 19, 2025 (GLOBE NEWSWIRE) -- The GCC in the Retail and Consumer Goods Market size was USD 19.1 Billion in 2023 and is expected to reach USD 76.9 Billion by 2032, growing at a CAGR of 15.1% over the forecast period of 2024-2032.
Major Players Analysis Listed in this Report:
- Accenture
- Tata Consultancy Services (TCS)
- Wipro
- Infosys
- IBM
- Capgemini
- Deloitte
- Cognizant
- HCL Technologies
- Genpact
- Tech Mahindra
- Oracle
- SAP
- DXC Technology
- Atos
- Softvision
- NTT Data
- EPAM Systems
- L&T Infotech (LTI)
- KPMG
AI and Automation Revolutionizing Retail
Automation and AI are revolutionizing retail operations by maximizing inventory, improving customer interactions, and optimizing supply chain efficiency. AI-based algorithms forecast demand, monitor stock, and reduce excess inventory, while chatbots ensure 24/7 automated customer service. Robotic process automation (RPA) automates order processing and logistics, cutting errors and turnaround times. The strategic employment of AI in supply chains guarantees resilience and flexibility. Accenture's acquisition of Joshua Tree Group in 2024 will enhance AI-driven automation in warehouses.
Market Insights
By Industry Verticals, the Food & Beverage Sector Dominates the GCC Market with a 48% Share, Driven by Supply Chain and Digital Innovation. The Food & Beverage industry led the GCC market with a 48% share in 2023 due to the sector's demand for effective management of supply chains, digital marketing, and customer service operations. Fashion & Apparel and Home Goods segments are also gaining popularity.
By Customer Segment, Large Enterprises Dominate the GCC Market with a 32% Share, Driving Digital Transformation and Efficiency. Large corporations led the GCC market with a 32% stake in 2023, drawing on their global reach and intricate supply chains.
By Service, Supply Chain Management Dominates GCC Market with 38% Share, Driving Efficiency and AI-Powered Optimization. Supply Chain Management was at the forefront of the GCC market with a 38% market share in 2023, spurred by real-time tracking, inventory optimization, and AI-driven demand forecasting demands.
Asia Pacific Dominates GCC Market
Asia Pacific maintained the highest market share of 56% in 2023 due to cost benefits, highly skilled labor, and robust infrastructure. India and the Philippines are key locations for GCC operations, with tax concessions and government-supported programs like India's GCC 2.0.
Recent Developments
October 2024: Accenture acquired Joshua Tree Group to enhance AI-driven supply chain automation.
Table of Contents – Major Key Points
- Introduction
- Executive Summary
- Research Methodology
- Market Dynamics Impact Analysis
- Statistical Insights and Trends Reporting
- Competitive Landscape
- Global Capabilities Centre in the Retail and Consumer Goods Market Segmentation, by Industry Verticals
- Global Capabilities Centre in the Retail and Consumer Goods Market Segmentation, by Customer
- Global Capabilities Centre in the Retail and Consumer Goods Market Segmentation, by Service
- Regional Analysis
- Company Profiles
- Use Cases and Best Practices
- HONESTAI ANALYSIS
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