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Smart Retail Hot Tech Innovators
Global retail is on a steady growth rate of +3-4% this year. This includes brick and mortar retail as well as E-commerce. E-commerce although only 8-10% of total retail is driving the overall growth for the industry. The E-commerce share will continue to rise and we expect it to reach 25% by 2025. Technology is driving these growth rates and making the shopping experience easier and quicker.Continue
Reports & Data
Robotics are entering the workforce in new ways every day, as evidenced by enterprises like Amazon and Walmart. The interdependence of processes, people, and technologies will be key in determining best practices for new deployments.
This week Intel, Foxconn Technology Group, and Asia Pacific Telecom offered their first public demonstration of facial recognition technology for retail usage. Some of the applications demonstrated included residential and business access control, a virtual shopping service app, and retail payment apps. Intel’s solution utilizes multi-access edge computing (MEC) 5G and artificial intelligence (AI) to enable the services.
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Smart Retail has gone through revolutionary changes in the past 10 years and will exponentially continue to do so going forward. Brick and mortar stores are no longer the only option for consumers across the globe to make their everyday purchases. Ecommerce is taking share from physical stores and by 2015, is forecasted to occupy over 25% of total global retail revenues. All this is thanks to the amazing advancements in technology, both in-store and online. In this webinar, ABI Research outlines the current and future trends in retail and how key technologies play a role in these advancements. Look for key vendors as well who are paving paths to make this happen and how they are making the offline and online world seamless.Replay
ABI Research’s Analysts Chair and Moderate Panel Discussions during IoT Tech Expo Global 2018
ABI Research’s New ‘Executive Foresights’ Focus on Real-World Triggers
New Hot Tech Innovators Report Identifies Innovative Startups and In-Store Technologies that Are Driving and Shaping the Future of Smart Retail
Unlocking the Next-Generation Powered Payment Cards Market
ABI Research Forecasts E-commerce Share of Total Retail Sales to Reach 25% by 2025