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North America Retail Media Networks Market Size, Share & Trends Analysis Report By Platform Type, By Industry Vertical, By Advertising Format, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 98 Pages
  • September 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6010219
The North America Retail Media Networks Market is expected to witness market growth of 9.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America Retail Media Networks Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD16.24 billion by 2031. The Canada market is experiencing a CAGR of 11.8% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 11.2% during 2024-2031.



These networks encompass a range of applications that facilitate targeted advertising and brand engagement within retail environments. RMNs enable retailers to run in-store advertising campaigns through digital screens and signage. These advertisements can be tailored to real-time consumer behaviour, ensuring shoppers receive relevant messages while in the store. For instance, retailers can promote products that align with current shopping trends or seasonal demands, increasing the likelihood of impulse purchases.

RMNs allow brands to place ads directly on e-commerce platforms as online shopping grows. This includes sponsored product listings, banner ads, and personalized recommendations based on shoppers' browsing history. By positioning ads within the shopping experience, retailers can drive conversions and enhance the visibility of featured brands. Retailers can leverage their customer databases to send targeted email campaigns featuring brand advertisements, promotions, or product recommendations.

The expansion of cosmetics product sales in Canada positively influences the growth of this market. In 2021, the Canadian cosmetics sector generated approximately USD 1.24 billion in income. Projections indicate that this sector is expected to reach USD 1.8 billion in sales by 2024, reflecting an annual growth rate of 1.45%. As the cosmetics market expands, it presents a substantial opportunity for Retail Media Networks to thrive. RMNs enable brands to engage with consumers directly at critical touchpoints during shopping. They utilize targeted advertising and personalized content to enhance brand visibility and drive sales.

With the increasing popularity of online cosmetics shopping, fuelled by changing consumer preferences and the growing influence of social media, RMNs are becoming essential tools for brands aiming to capture the attention of their target audiences. Advertisers leverage these networks to create immersive shopping experiences, offering tailored promotions and product recommendations that resonate with consumers. Thus, the expansion of cosmetics sales in Canada and the rising commerce industry in the region are driving the market's growth.

List of Key Companies Profiled

  • Amazon.com, Inc.
  • Walmart, Inc.
  • eBay, Inc.
  • Home Depot, Inc.
  • The Kroger Co. (Kroger Precision Marketing)
  • Instacart
  • Target Corporation (Target Brands, Inc.)
  • Macy’s, Inc.
  • Best Buy Co., Inc.
  • Wayfair Inc.

Market Report Segmentation

By Platform Type

  • Retailer-Owned Networks
  • Third-Party Networks

By Industry Vertical

  • Consumer Packaged Goods (CPG)
  • Electronics & Technology
  • Apparel & Fashion
  • Grocery & Food Delivery
  • Beauty & Personal Care
  • Other Industry Verticals

By Advertising Format

  • Display Ads
  • Video Ads
  • Sponsored Industry Verticals
  • Other Advertising Formats

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Retail Media Networks Market, by Platform Type
1.4.2 North America Retail Media Networks Market, by Industry Vertical
1.4.3 North America Retail Media Networks Market, by Advertising Format
1.4.4 North America Retail Media Networks Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Strategies Deployed in Retail Media Networks Market
4.3 Porter Five Forces Analysis
Chapter 5. North America Retail Media Networks Market by Platform Type
5.1 North America Retailer-Owned Networks Market by Region
5.2 North America Third-Party Networks Market by Region
Chapter 6. North America Retail Media Networks Market by Industry Vertical
6.1 North America Consumer Packaged Goods (CPG) Market by Country
6.2 North America Electronics & Technology Market by Country
6.3 North America Apparel & Fashion Market by Country
6.4 North America Grocery & Food Delivery Market by Country
6.5 North America Beauty & Personal Care Market by Country
6.6 North America Other Industry Verticals Market by Country
Chapter 7. North America Retail Media Networks Market by Advertising Format
7.1 North America Display Ads Market by Country
7.2 North America Video Ads Market by Country
7.3 North America Sponsored Industry Verticals Market by Country
7.4 North America Other Advertising Formats Market by Country
Chapter 8. North America Retail Media Networks Market by Country
8.1 US Retail Media Networks Market
8.1.1 US Retail Media Networks Market by Platform Type
8.1.2 US Retail Media Networks Market by Industry Vertical
8.1.3 US Retail Media Networks Market by Advertising Format
8.2 Canada Retail Media Networks Market
8.2.1 Canada Retail Media Networks Market by Platform Type
8.2.2 Canada Retail Media Networks Market by Industry Vertical
8.2.3 Canada Retail Media Networks Market by Advertising Format
8.3 Mexico Retail Media Networks Market
8.3.1 Mexico Retail Media Networks Market by Platform Type
8.3.2 Mexico Retail Media Networks Market by Industry Vertical
8.3.3 Mexico Retail Media Networks Market by Advertising Format
8.4 Rest of North America Retail Media Networks Market
8.4.1 Rest of North America Retail Media Networks Market by Platform Type
8.4.2 Rest of North America Retail Media Networks Market by Industry Vertical
8.4.3 Rest of North America Retail Media Networks Market by Advertising Format
Chapter 9. Company Profiles
9.1 Amazon.com, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 SWOT Analysis
9.2 eBay, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 SWOT Analysis
9.3 Walmart, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments
9.3.4.1 Partnerships, Collaborations, and Agreements
9.3.4.2 Product Launches and Product Expansions
9.3.5 SWOT Analysis
9.4 Home Depot, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Product Line and Regional Analysis
9.5 The Kroger Co. (Kroger Precision Marketing)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Recent strategies and developments
9.5.3.1 Partnerships, Collaborations, and Agreements
9.5.3.2 Product Launches and Product Expansions
9.6 Instacart
9.6.1 Company Overview
9.6.2 Recent strategies and developments
9.6.2.1 Partnerships, Collaborations, and Agreements
9.7 Target Corporation (Target Brands, Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Macy’s, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 Best Buy Co., Inc.
9.9.1 Company Overview
9.10. Wayfair Inc.
9.10.1 Company Overview

Companies Mentioned

Some of the key companies in the North America Retail Media Networks Market include:
  • Amazon.com, Inc.
  • Walmart, Inc.
  • eBay, Inc.
  • Home Depot, Inc.
  • The Kroger Co. (Kroger Precision Marketing)
  • Instacart
  • Target Corporation (Target Brands, Inc.)
  • Macy’s, Inc.
  • Best Buy Co., Inc.
  • Wayfair Inc.

Methodology

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