Global Smart Retail Market Research Report forecast 2018-2025
Summary - A
new market study, titled “Global Smart Retail Market
– by Application, Technology, Region - Market Size, Demand Forecasts, Company
Profiles, Industry Trends and Updates (2018 - 2025)” has been featured on Wise Guy
Reports.
Smart Retail refer to the
use of smart technologies in the retail segment to provide faster, safer,
bigger, and smarter ways of marketing. This market is intended to provide
increased revenues for retailers with increasing product sales. Smart retailing
also helps in improving the customer service with the use of advanced
technologies
Demand Scenario
The global smart retail was USD 10.94 billion in 2018 and is
estimated to reach USD 43.34 billion by 2025 at a CAGR of 21.73% during the
forecast period
Growth by Region
Europe plays a vital role in the growth of the market and is
expected to control the global smart retail market. European nations are
technology friendly and the major countries that will contribute to the market
are Germany, the U.K, France, Spain and Italy. North America too adopts new
technology and is the main region of the smart retail market during the
forecast period. Countries like India, China are also a great market for the
global smart retail market.
Drivers vs Constraints
The rise in the new technologies and an increase in the
demand for better retail service will lead to the growth of the market.
Robotics, a part of the smart retail market results in smooth shopping
experience with easy ways to find products. This technology uses voice
recognition, automatic navigation, auditing software and inventory scanning
making the retailers work much easier. The restriction of smart retail is the
data security of the customers and the retailer and their privacy. As
technology advances the breach of security increases.
Industry Trends and Updates
In Nov 2018, Intel announced its Responsive Retail Platform
with USD 100 Mn investment aimed at revolutionizing the In-Store experience
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3908854-global-smart-retail-market-by-application-technology-region
About
Us :
Wise Guy Reports is part of the Wise Guy Research
Consultants Pvt. Ltd. and offers premium progressive statistical surveying,
market research reports, analysis & forecast data for industries and
governments around the globe.
Contact
Us:
NORAH TRENT
Ph:
+162-825-80070
(US)
Ph: +44 203
500 2763 (UK)
Comments
Post a Comment