Market Research Report
Global Advanced Shopping Technology Market - by Region - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||635790|
|Published||Content info||75 Pages
Delivery time: 1-2 business days
|Global Advanced Shopping Technology Market - by Region - Growth, Trends, and Forecast (2018 - 2023)|
|Published: April 26, 2018||Content info: 75 Pages||
Technology is changing the way retail stores operate. A decade ago, there were major establishments of stores where sales person demonstrated items. Now a days, rapidly growing online market has transformed the existing retail sector, which was dominated by brick and mortar stores. Companies are pushing notifications on mobile which are showing great deals of discounts and modern payment counters to rapidly process the accepting procedure in view of past purchases and other data.
Increasing Need for Hassle-Free Service
The major reason for people opting for self-checkout machines is convenience, simplicity, and speed. Also, in order to save time customers wants to scan items themselves rather than interacting with cashiers. Advanced shopping technology plays a key role in streamlining the customer shopping experience, thus, creating a store of future providing its customers personalization and convenience. Recently, Amazon has started check-out free shopping store based on just walk out technology changing the way traditional brick and mortar stores work, it uses where it is easier for customers to buy goods and for retailers to keep track of inventory. Walmart has also experimented with virtual toy stores where customers can purchase a toy by using QR code on smartphones after checking its 3D images of current toy on display.
North America is accounted for the largest share in advanced shopping technology market. Being economically advanced region, it has shaped its markets as superior where uptake of advanced shopping technologies among retailers is high. Asia Pacific is a lucrative market that is going to generating more business in the market in the coming few years on account the explosive growth in the domain of shopping and bigger local and large international players jumping into the picture.
Key Developments in Market
January 2018: Amazon opened its first check-out free grocery store in US using 'just walk out technology' to end queues
October 2017: Walmart partnered with Google to provide its customers a better experience of personalized voice shopping in order to make it more convenient.
Major Players - AMAZON INC., WALMART, GOOGLE, amongst others.
Reasons to Purchase this Report
To understand the impact of advanced shopping technology in current market scenario
Analyzing various perspectives of the market with the help of Porter's five forces analysis
To understand the dominating technology in the market
The Region that is expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
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