Retail Digital Transformation Market Size, Share, Trends, Business development, Analysis And Opportunities 2018-2026

                                                                            
Customer satisfaction, enterprise agility, and inventory management are the focal points of retail digital transformation efforts.

           Retail Digital Transformation Market


Customer satisfaction, enterprise agility, and inventory management are the focal points of retail digital transformation efforts. As more retailers adopt digital processes, competition heats up and the value of digitization rises. Retailers are implementing new technologies to improve their efficiency and effectiveness, such as analytics, omnichannel, and RPA.

Increased internet and mobile app penetration is expected to drive growth in the global retail digital transformation market. Infrastructure technological advancements and rising demand for high-speed internet have resulted in widespread internet penetration. With increased internet access, online retail service providers can now provide their customers with a convenient and quick shopping experience. Furthermore, it has provided customers with access to a variety of online stores and marketplaces where they can conveniently browse and shop for their preferred products. As the number of internet users grows, so will the adoption of online retail services over traditional retail services.

According to the International Telecommunications Union (ITU), the number of mobile broadband subscriptions worldwide is expected to reach about 2.3 billion by the end of 2014, representing a 32% global penetration of mobile broadband subscriptions. Furthermore, mobile broadband subscriptions in emerging economies are expected to grow at a 26.0 percent annual rate, compared to 11.5 percent in developed countries. As a result, these factors are expected to drive the global retail digital transformation market's growth during the forecast period.

Market Segmentation:

By Product
  • Consumer Electronics and Appliances
  • Apparel and Footwear
  • Media
  • Toys
  • Games
  • Food
  • Groceries and Beverages
  • Furniture and Home Improvement
  • Beauty and Personal Care
  • Others

By Access
  • Mobile Apps
  • Websites
The major companies operating in the global retail digital transformation market are Amazon.com, Inc., MercadoLibre, Inc., eBay, Inc., Otto Group, Wal-Mart Stores, Inc., Snapdeal.com, Alibaba Group Holding Limited, Tesco PLC, Alibaba Group Holding Limited, Tesco PLC, Rakuten, Inc., and Flipkart Internet Private Limited.

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