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World: market value predictive analytics department stores 2015-2020

Published by
P. Smith,
Jan 13, 2022
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)

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Source

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Release date

February 2021

Region

Worldwide

Survey time period

2017

Supplementary notes

* 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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Statistics on " Department stores in the U.S. "

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