The ‘ Digital Transformation in Retail market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Digital Transformation in Retail market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Transformation in Retail market size forecast, market data & Graphs and Statistics, Tables, Bar & Pie Charts, and many more for business intelligence.
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Global Digital Transformation in Retail Market is valued at approximately USD 85.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 19.9% over the forecast period 2020-2027.
Digital transformation has become a key element in the digitalization of in-store retail by personalizing the customer experience and creating a more engaged business-to-consumer interaction. For retail companies, the wave of digital transformation may pose a lucrative opportunity to bridge the gap between virtual and physical sales channels. This is also becoming an integral part of retailers because of the efficiency it brings to the operations by replacing humans. As they are more prone to inaccuracies, however, the use of digital technology helps in eliminating the errors that humans can bring into operations. Thus, the shift of manual practices to digitalized and automated operations in retail is likely to create a huge demand for the digital transformation market. Moreover, the increasing integration and spending on digital technology among retailers, along with the surging e-commerce transaction across developed and developing nations are the few factors responsible for the high CAGR of the market during the forecast period. According to the Indian Brand Equity Foundation (IBEF), the e-commerce sector remained at USD 38.5 billion in 2017 and is likely to grow to almost USD 200 billion by 2024. In 2018, China’s retail e-commerce sale was estimated at around USD 1.52 trillion and likely to grow to USD 4.09 trillion by 2023. This, in turn, is likely to strengthen the demand for digital transformation in retail, thereby contributing to the market growth around the world. However, the lack of general awareness and expertise and limited standardization and integration issues are the few factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Digital Transformation in Retail market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising government support to implement digital technology in retail operations, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in number of e-commerce transactions coupled with growing digital transition in retail sector across the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the Digital Transformation in Retail market in the Asia-Pacific region.
Major market player included in this report are:
- Amazon Corporation
- Flipkart Inc.
- Ebay Corporation
- SAP SE
- IBM Corp.
- Honeywell International Inc.
- Tesco Pvt. Ltd.
- Mercado Libre
- Oracle Corporation
- AliExpress Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Mobile Application
- Consumer Electronics
- Media and Entertainment
- Food and Beverage
- Furniture and Home Decor
- Beauty and Personal Care
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
Impact of COVID-19 on the Global Market
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The Global Digital Transformation in Retail Market report provides the meticulously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key Points Covered in Digital Transformation in Retail Market Report: Study Explore COVID 19 Outbreak Impact Analysis
Table of Contents
List of Figures
List of Tables
Segmentation By Geography
Digital Transformation in Retail Market Characteristics
Supply Chain And Key Participants
Digital Transformation in Retail Market Size And Growth
Historic Market Growth, Value ($ Billion)
Drivers Of The Market
Restraints On The Market
Forecast Market Growth, Value ($ Billion)
Digital Transformation in Retail Global Market PESTEL Analysis by Political, Economic, Social, Technological, Environmental, Legal
Digital Transformation in Retail Customer Information
Brand Experience And Customer Support Influence Purchasing Decision
Digital Transformation in Retail Market, Regional And Country Analysis
Global Digital Transformation in Retail Market, , By Region, Value ($ Billion)
Global Digital Transformation in Retail Manufacturing Market, Historic And Forecast, Segmentation
Digital Transformation in Retail Market Overview
Global Digital Transformation in Retail Market Top Opportunities By Segment
Global Digital Transformation in Retail Market Top Opportunities By Country
Global Digital Transformation in Retail Market Strategies
Strategies based on market trends
Strategies Adopted By Leading Competitors
Copyright and Disclaimer
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