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nasscom_preprocess_html(Array, 'html', Array)
call_user_func_array('nasscom_preprocess_html', Array) (Line: 287)
Drupal\Core\Theme\ThemeManager->render('html', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 162)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 163)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 174)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 81)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 50)
Drupal\ban\BanMiddleware->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 23)
Stack\StackedHttpKernel->handle(Object, 1, 1) (Line: 718)
Drupal\Core\DrupalKernel->handle(Object) (Line: 19)

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nasscom_preprocess_html(Array, 'html', Array)
call_user_func_array('nasscom_preprocess_html', Array) (Line: 287)
Drupal\Core\Theme\ThemeManager->render('html', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 162)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 163)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 174)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 81)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 50)
Drupal\ban\BanMiddleware->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 23)
Stack\StackedHttpKernel->handle(Object, 1, 1) (Line: 718)
Drupal\Core\DrupalKernel->handle(Object) (Line: 19)

The Growing Demand for IoT Professionals in the Retail Industry

Internet of Things

September 2024

The Internet of Things (IoT) is revolutionizing the retail industry, transforming how businesses operate and interact with customers. With the global IoT in retail market projected to reach USD 35.5 billion by 2025, the sector is experiencing a compound annual growth rate (CAGR) of 19.6%. This rapid growth is driven by factors such as the declining cost of IoT sensors and hardware, the increasing demand for seamless shopping experiences, and the adoption of smart payment solutions.

The Role of IoT in Retail

IoT technology is being leveraged to enhance customer experiences, optimize supply chain management, and improve inventory control. Retailers use IoT-enabled devices to collect and analyze data, automate processes, and provide personalized services to customers. For example, smart shelves equipped with IoT devices monitor inventory levels in real-time, ensuring products are always available. Additionally, these devices can track customer behavior and preferences, allowing retailers to tailor their marketing strategies to improve customer satisfaction.

Market Trends and Benefits

The integration of the Internet of Things in retail is not just a trend but a necessity for businesses to remain competitive. A report by MarketsandMarkets highlights that the key factors driving IoT adoption in retail include the declining cost of IoT devices and sensors, customer demand for seamless shopping experiences, and the increased use of smart payment solutions. These advancements allow retailers to offer more efficient and personalized services, driving customer loyalty and boosting sales.

In India, the IoT market is witnessing significant growth, with revenue expected to reach USD 23.16 billion by 2024. The increasing adoption of IoT solutions across sectors like retail is enhancing operational efficiency and improving customer experience.

Demand for IoT Professionals

As the adoption of IoT technology in retail continues to grow, so does the demand for professionals with expertise in IoT systems. Retailers require skilled individuals to design, implement, and manage IoT devices to ensure smooth integration into business operations. This increasing demand is creating lucrative job opportunities for IoT professionals, making it an attractive career path.

FutureSkills Prime: Bridging the Skills Gap

Platforms like FutureSkills Prime are addressing the growing need for IoT professionals by offering specialized courses in IoT technology. FutureSkills Prime, a digital skilling initiative by nasscom and MeitY, offers courses curated by industry experts to equip learners with the skills necessary to excel in the IoT domain. These courses cover both basic and advanced concepts, providing the knowledge and practical skills required by employers.

In conclusion, the integration of IoT technology in retail is driving significant growth, creating a high demand for skilled professionals. With the right training, individuals can capitalize on the opportunities presented in this dynamic and evolving field. Platforms like FutureSkills Prime are playing a pivotal role in preparing the workforce for the future of IoT in retail.

Reference –

The Growing Demand for IoT Professionals in the Retail Industry

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The Growing Demand for IoT Professionals in the Retail Industry