The company is focusing on the development of its retail solutions platform by introducing technologies such as cloud, predictive analytics, artificial intelligence (AI), and many more. Shower Curtain Retail Market Size, Share 2020: Global Industry Overview By Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2023 Posted on Aug 29 2020 7 Software Segments is Anticipated to Generate High Revenue During the Forecasting Period. Owing to this, the suppliers and logistics providers across the supply chain have taken initiatives towards the adoption of artificial intelligence (AI) and smart analytics to manage the operations and business processes. Market segmentations break down market into sub markets. Global Department Stores & Other General Merchandise Stores Market, Segmentation By Type, 2014 - 2022, Value ($ Billion) - Department Stores, Other General Merchandise Stores, 11.12. Global Ecommerce & Other Non-Store Retailers Market, Segmentation By Type, 2014 - 2022, Value ($ Billion) - E-Commerce, Vending Machine Operators, Direct Selling Establishments, 11.13. The retail industry has directed towards digital transformation for predominantly conducting online business during the COVID-19 pandemic. Data collected from all the available channels can improve customer experience and optimize retail operations. Therefore, an intelligent AI-based retail platform is expected to drive the market growth in the coming years. It analyses GDP proportion, expenditure per capita, retail indicators comparison. The cloud establishes a highly scalable and pay-for-use subscription model which is becoming favorable across the smaller retail chains. Major retailers across the region are adopting retail analytics platforms for understanding the customer’s product views, which would help to improve their loyalty. The growing brand and pricing competition are enforcing the hypermarkets to adopt the analytics platform, which would help to maintain the inventory, supply chain, in-store operations, and strategies for augmenting the customer base. Fortune Business Insights says that the global artificial intelligence in retail market size was USD 3.01 billion in 2019 and is projected to reach USD 23.32 billion by 2027. Growing penetration of broadband internet services and smartphones would drive the market growth. In the market, the software segment is representing the highest CAGR. Additionally, the people in developed countries are also showing interest in brands, as well as in a more personalized shopping experience. Oracle Corporation is one of the major players delivering advanced retail solutions to the retailers. The company is offering customized standalone services apart from the suite. The global Internet of Things (IoT) in retail market size is anticipated to reach over USD 32 billion by 2025. The global Food Retail market is set to record the CAGR of nearly 8.2% over the period from 2020 to 2026. Such a platform is transforming the infrastructure of retail by optimizing inventory, supply chain networks, in-store operations, and payment platforms. Bas… Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. Global Retail Banking Service Market Size, Status and Forecast 2019-2025 has complete details about market of Retail Banking Service industry, Retail Banking Service analysis and current trends. Market size estimation of the global Internet of Things (IoT) in the retail market on a regional and global basis The unique research design for market size estimation and forecast Profiling of major companies operating in the market with key developments Retail Market Size, Percentage Of GDP, 2014 - 2022, Global, 12.2. Further, the customized retail insights solution offerings would strengthen the market position of these key players. The explosion of software-defined infrastructure, data, connected devices, and cloud-enabled solutions are directing the retailers to adopt an analytical platform. Global Supermarkets And Hypermarkets Market, Segmentation By Type, 2014 - 2022, Value ($ Billion) - Supermarkets, Hypermarkets, 11.10. Therefore, the developing countries from Asia are exhibiting opportunities to drive this market growth in the coming years. It covers all the regions, key developed countries and major emerging markets. Global retail sales were projected to amount to around 26.7 trillion U.S. dollars by 2022, up from approximately 23.6 trillion U.S. dollars in 2018.
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