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    Retail Media Network Market

    ID: MRFR/ICT/24939-HCR
    111 Pages
    Aarti Dhapte
    October 2025

    Retail Media Network Market Research Report: By Network Type (Closed Retail Media Networks, Open Retail Media Networks, Hybrid Retail Media Networks), By Data Collection Method (First-Party Data, Second-Party Data, Third-Party Data), By Deployment Model (On-Premise, Cloud-Based), By Vertical (Grocery, Apparel, Electronics, Home Improvement, Health and Beauty) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

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    Retail Media Network Market Infographic
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    Retail Media Network Market Summary

    The Global Retail Media Network Market is projected to grow from 22.87 USD Billion in 2024 to 100.67 USD Billion by 2035, indicating robust expansion.

    Key Market Trends & Highlights

    Retail Media Network Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 14.38 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 100.7 USD Billion, reflecting a significant increase from 22.9 USD Billion in 2024.
    • The growth trajectory suggests a strong demand for retail media solutions in various sectors.
    • Growing adoption of digital advertising due to increased consumer engagement is a major market driver.

    Market Size & Forecast

    2024 Market Size 22.87 (USD Billion)
    2035 Market Size 100.67 (USD Billion)
    CAGR (2025-2035) 14.42%

    Major Players

    Amazon Advertising, Walmart Connect, Target, Banana Republic, Old Navy, Nordstrom, CVS Health, Rite Aid, Macy's, Best Buy, Gap, Kohl's, Albertsons, Walgreens, Kroger

    Retail Media Network Market Trends

    The retail media network market is experiencing a surge in adoption, driven by key trends such as the rise of e-commerce, personalized advertising, and the growing need for retailers to diversify their revenue streams. The shift towards omnichannel shopping has accelerated the demand for targeted advertising solutions that can reach consumers across multiple touchpoints. Retailers are leveraging their vast customer data and insights to offer tailored ad campaigns that drive engagement and conversions.

    Additionally, the integration of advanced technologies, such as artificial intelligence and machine learning, is enhancing the effectiveness of retail media networks by optimizing ad targeting and measuring performance in real-time. This dynamic market environment presents ample opportunities for players to innovate and capture market share.

    Figure 1: Retail Media Network Market Overview (2025-2034)

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    The evolution of retail media networks appears to be reshaping the advertising landscape, as brands increasingly leverage in-store and online platforms to engage consumers more effectively.

    U.S. Department of Commerce

    Retail Media Network Market Drivers

    Market Growth Projections

    The Global Retail Media Network Market Industry is poised for substantial growth, with projections indicating a rise from 22.9 USD Billion in 2024 to 100.7 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 14.38% from 2025 to 2035, highlighting the increasing relevance of retail media networks in the broader advertising landscape. As retailers continue to adapt to changing consumer behaviors and technological advancements, the market is likely to expand significantly. This upward trend reflects the growing recognition of the value that retail media networks provide in enhancing brand visibility and driving sales.

    Growing E-commerce Adoption

    The Global Retail Media Network Market Industry is experiencing a surge due to the increasing adoption of e-commerce platforms. As consumers shift their purchasing behaviors towards online shopping, retailers are leveraging media networks to enhance visibility and engagement. In 2024, the market is projected to reach 22.9 USD Billion, reflecting the growing importance of digital advertising in driving sales. Retailers are utilizing targeted advertising strategies to reach specific demographics, thereby maximizing their return on investment. This trend indicates a robust future for the industry, as e-commerce continues to expand and evolve.

    Enhanced Data Analytics Capabilities

    The Global Retail Media Network Market Industry benefits significantly from advancements in data analytics technologies. Retailers are increasingly employing sophisticated analytics tools to gather insights into consumer behavior and preferences. This capability allows for more personalized advertising strategies, which can lead to higher conversion rates. As the industry evolves, the ability to analyze vast amounts of data will likely become a critical differentiator for retailers. The anticipated growth from 22.9 USD Billion in 2024 to 100.7 USD Billion by 2035 suggests that data-driven decision-making will play a pivotal role in shaping the future landscape of retail media networks.

    Integration of Omnichannel Strategies

    The Global Retail Media Network Market Industry is increasingly characterized by the integration of omnichannel strategies. Retailers are recognizing the necessity of providing a seamless shopping experience across various platforms, including online and brick-and-mortar stores. This approach not only enhances customer satisfaction but also allows for more effective advertising campaigns that reach consumers at multiple touchpoints. As the market evolves, the ability to synchronize marketing efforts across channels will likely become essential for success. The anticipated growth trajectory of the industry underscores the importance of omnichannel strategies in driving engagement and sales.

    Emergence of New Advertising Technologies

    The Global Retail Media Network Market Industry is being transformed by the emergence of innovative advertising technologies. Solutions such as programmatic advertising and artificial intelligence are enabling retailers to optimize their advertising efforts in real-time. These technologies facilitate more efficient ad placements and enhance targeting capabilities, which can lead to improved customer engagement. As the market is projected to grow from 22.9 USD Billion in 2024 to 100.7 USD Billion by 2035, the adoption of these technologies will likely play a crucial role in shaping the future of retail media networks. Retailers that embrace these advancements may gain a competitive edge.

    Increased Investment in Digital Advertising

    The Global Retail Media Network Market Industry is witnessing a substantial increase in investment directed towards digital advertising. As traditional advertising methods become less effective, retailers are reallocating budgets to digital channels that offer measurable results. This shift is evidenced by the projected compound annual growth rate of 14.38% from 2025 to 2035. Retailers are recognizing the potential of digital platforms to engage consumers in real-time, thereby enhancing brand loyalty and driving sales. This trend indicates a transformative phase for the industry, where digital advertising becomes the cornerstone of retail marketing strategies.

    Market Segment Insights

    Retail Media Network Market Network Type Insights

    Figure 2: Retail Media Network Market By Network Type( 2023-2032)

    Network Type Segment Insights and Overview The Retail Media Network Market segmentation by network type consists of three major categories, including Closed Retail Media Networks, Open Retail Media Networks, and Hybrid Retail Media Networks. Specifically, each type of network has different characteristics and serves the needs of different markets. Closed Retail Media Networks are owned by a single retailer, who provides access for different brands to its first-party data and data organization, as well as access to advertising inventory.

    Retail Media Network Market revenue for Closed Retail Media Networks will amount to $30 billion by 2024 owing to the growing adoption of data-driven marketing strategies by retailers. Open Retail Media Networks are accessible through multiple retailers, and as a result, brands get opportunities to reach a wider audience. The Open type of network allows brands to attain more flexibility and reach, but they have less control over the data.

    Per Retail Media Network Market segmentation data, Open Retail Media Networks will account for a CAGR of 15.5% during the analyzed period, reaching a market value of $25 billion by 2028. Hybrid Retail Media Networks combine elements of Closed and Open networks, where retailers have an opportunity to expand their consumer base. At the same time, they still have control over their first-party data and can determine which, and how many, third-party networks to partner with. Specifically, Hybrid type networks are becoming popular, reaching a 12% share by 2024, and accounting for a 16% increase in the next five years.

    Overall, the choice of the network type depends on the size of the retailer, its data’s depth and capabilities, and marketing goals. Closed Retail Media Networks are more suitable for retailers with valuable data and desiring to provide brands with full data targeting. Open Retail Media Networks are ideal for brands seeking flexibility and expansion of their consumer base. Hybrid Retail Media Networks offer a compromise between data availability and control and audience expansion.

    Retail Media Network Market Data Collection Method Insights

    First-party data, second-party data, and third-party data are the three main types of data collection methods used in the retail media network market. First-party data is collected directly from the retailer's own customers, such as through loyalty programs, purchase history, and website browsing behavior. Second-party data is collected from other businesses that have a relationship with the retailer's customers, such as social media platforms, data brokers, and publishers.

    The growth of the retail media network market is being driven by the increasing adoption of digital advertising by retailers, the growing popularity of online shopping, and the increasing availability of data on consumer behavior. First-party data is the most valuable type of data for retailers because it is the most accurate and reliable. However, it can be difficult to collect first-party data at scale. Second-party data can be a good way to supplement first-party data, as it is often more readily available and can provide insights into the behavior of the retailer's customers.

    Third-party data can be used to provide a broader view of the market and to identify trends. The choice of data collection method depends on the specific needs of the retailer. Retailers should consider the following factors when choosing a data collection method: The type of data that is needed The accuracy and reliability of the data The cost of collecting the data The timeliness of the data The privacy implications of collecting the data.

    Retail Media Network Market Deployment Model Insights

    The Retail Media Network Market is segmented by deployment model into on-premise and cloud-based. The cloud-based segment is expected to hold a larger market share in 2023 and is projected to grow at a faster CAGR during the forecast period. This growth is attributed to the increasing adoption of cloud-based solutions by retailers due to their benefits, such as scalability, flexibility, and cost-effectiveness. Cloud-based deployment models allow retailers to access Retail Media Network solutions without the need for upfront investments in hardware and software.

    Additionally, cloud-based solutions provide retailers with the ability to quickly scale their operations and access the latest features and updates.

    Retail Media Network Market Vertical Insights

    The Retail Media Network Market is segmented into various verticals, including Grocery, Apparel, Electronics, Home Improvement, and Health and Beauty. Among these, the Grocery vertical held the largest market share in 2023, accounting for approximately 30% of the revenue. The Apparel vertical followed closely, capturing around 25% of the market. The Electronics vertical is projected to witness significant growth in the coming years, driven by the increasing adoption of smart devices and the rise of e-commerce. The Home Improvement vertical is expected to grow steadily, fueled by the growing trend of home renovations and DIY projects.

    The Health and Beauty vertical is also anticipated to experience steady growth, supported by the increasing demand for personalized and targeted advertising in this sector.

    Get more detailed insights about Retail Media Network Market

    Regional Insights

    The regional segmentation of the Retail Media Network Market offers valuable insights into the diverse market dynamics across different regions. North America is expected to dominate the market, accounting for a significant share of the revenue. The region's developed retail sector, presence of major retailers, and high adoption of digital advertising contribute to its dominance. Europe is another key market, driven by the growing e-commerce industry and increasing investment in retail media by major brands. APAC is projected to witness substantial growth, fueled by the rapidly expanding retail sector and rising internet penetration in emerging economies.

    South America and MEA represent emerging markets with growing potential, as retailers in these regions recognize the benefits of retail media advertising. 

    Figure 3: Retail Media Network Market Regional Insights (2023-2032)

    Retail Media Network Market Regional

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Major players in Retail Media Network Market industry are constantly innovating and developing new strategies to gain a competitive edge. Leading Retail Media Network Market players are investing heavily in technology and data analytics to improve their targeting capabilities and deliver more personalized advertising experiences. The Retail Media Network Market is expected to witness significant development in the coming years, as retailers continue to recognize the potential of this channel to drive sales and build customer loyalty. A leading player in the Retail Media Network Market is Amazon Advertising.

    Amazon Advertising offers a wide range of advertising solutions to businesses of all sizes, including sponsored products, sponsored brands, and display ads. Amazon Advertising also provides access to a vast pool of customer data, which allows businesses to target their advertising campaigns more effectively. A competitor of Amazon Advertising in the Retail Media Network Market is Walmart Connect. Walmart Connect offers a variety of advertising solutions to businesses, including sponsored products, display ads, and video ads. Walmart Connect also provides access to a large pool of customer data, which allows businesses to target their advertising campaigns more effectively.

    Key Companies in the Retail Media Network Market market include

    Industry Developments

    • Q2 2024: With every company entering the ad business, here’s what to expect from retail media networks in 2025 Specialty retailers like Home Depot and Wawa, as well as companies beyond traditional retail such as Chase Bank, United Airlines, and Re/Max, unveiled their own retail media ad offerings in 2024.
    • Q2 2024: With every company entering the ad business, here’s what to expect from retail media networks in 2025 Grocery TV’s in-store media platform expanded to power more than 5,200 stores in 2024, with the company’s network of stores growing about 30% each year since its inception.

    Future Outlook

    Retail Media Network Market Future Outlook

    The Retail Media Network Market is projected to grow at a 14.42% CAGR from 2025 to 2035, driven by digital advertising innovations and increased retailer investment.

    New opportunities lie in:

    • Leverage AI-driven analytics for personalized advertising solutions.
    • Expand partnerships with e-commerce platforms to enhance ad reach.
    • Develop innovative ad formats that integrate seamlessly with shopping experiences.

    By 2035, the Retail Media Network Market is expected to be a pivotal component of global advertising strategies.

    Market Segmentation

    Retail Media Network Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Retail Media Network Market Vertical Outlook

    • Grocery
    • Apparel
    • Electronics
    • Home Improvement
    • Health and Beauty

    Retail Media Network Market Network Type Outlook

    • Closed Retail Media Networks
    • Open Retail Media Networks
    • Hybrid Retail Media Networks

    Retail Media Network Market Deployment Model Outlook

    • On-Premise
    • Cloud-Based

    Retail Media Network Market Data Collection Method Outlook

    • First-Party Data
    • Second-Party Data
    • Third-Party Data

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 22.87 (USD Billion)
    Market Size 2025 26.17 (USD Billion)
    Market Size 2035 100.67 (USD Billion)
    Compound Annual Growth Rate (CAGR) 14.42% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Target, Banana Republic, Old Navy, Nordstrom, CVS Health, Rite Aid, Macy's, Best Buy, Gap, Kohl's, Albertsons, Walmart, Walgreens, Amazon, Kroger
    Segments Covered Network Type, Data Collection Method, Deployment Model, Vertical, Regional
    Key Market Opportunities Rise of Ecommerce Datadriven Advertising Omnichannel Integration Personalized Shopping Experiences Expansion into Emerging Markets
    Key Market Dynamics Growing ecommerce adoption Increasing consumer spending Rising digital advertising expenditure Expansion of omnichannel retail Datadriven personalization
    Countries Covered North America, Europe, APAC, South America, MEA
     

    FAQs

    What is the expected size of the Retail Media Network Market in 2024?

    The Retail Media Network Market is projected to be worth USD 22.87 billion in 2024.

    What is the expected CAGR of the Retail Media Network Market from 2025 to 2034?

    The Retail Media Network Market is anticipated to grow at a CAGR of 14.42% from 2025 to 2034.

    What is the expected size of the Retail Media Network Market in 2034?

    The Retail Media Network Market is forecasted to reach USD 87.97 billion by 2034.

    Which region is expected to hold the largest market share in the Retail Media Network Market in 2024?

    North America is expected to account for the largest market share in the Retail Media Network Market in 2024.

    Which region is expected to grow at the highest CAGR in the Retail Media Network Market from 2025 to 2034?

    Asia-Pacific is expected to grow at the highest CAGR in the Retail Media Network Market from 2025 to 2034.

    What are the key applications of Retail Media Networks?

    Key applications of Retail Media Networks include targeted advertising, personalized marketing, and customer engagement.

    Who are some of the key competitors in the Retail Media Network Market?

    Some of the key competitors in the Retail Media Network Market include Amazon, Walmart, Target, and Kroger.

    What are the key trends driving the growth of the Retail Media Network Market?

    Key trends driving the growth of the Retail Media Network Market include the increasing adoption of e-commerce, the rise of personalized marketing, and the growing importance of data analytics.

    What are some of the challenges facing the Retail Media Network Market?

    Some of the challenges facing the Retail Media Network Market include privacy concerns, measurement challenges, and competition from traditional advertising channels.

    What is the expected impact of technology on the Retail Media Network Market?

    Technology is expected to have a significant impact on the Retail Media Network Market, with advancements in artificial intelligence, machine learning, and data analytics expected to drive growth.

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