The document summarizes the growth of the Internet of Things (IoT) in retail market. It states that the market is expected to grow from $14.5 billion in 2020 to $35.5 billion by 2025, representing a compound annual growth rate of 19.6%. It provides an overview of the market segmentation by hardware, platforms, services, and applications. Key factors driving growth are declining costs of IoT sensors and hardware, demand for seamless shopping experiences, and adoption of smart payment solutions. North America currently holds the largest market share but Asia Pacific is expected to provide opportunities for providers and see the highest growth.