Industry Background:
The advent of digital technologies for collection, storage, analysis, and distribution of information has created new dynamics in the Digital Retail market. These digital technologies also raised numerous new opportunities for vendors serving the market as an organization requires an efficient and easy work process owing to the increase in the worldwide liberal trade policies and end-users.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Amazon Corporation (United States), Flipkart Inc. (India), Ebay Corporation (United States), SAP SE (Germany), IBM Corporation (United States), Honeywell International Inc. (United States), Tesco Pvt. Ltd. (India), Mercado Libre (Argentina), Oracle Corporation (United States) and AliExpress Ltd. (China) |
This growth is primarily driven by Increased Usage of Smart Devices and Incremental Technological Advancements.
Globally, a noticeable market trend is evident Growing Need for Advanced Mobile Logistics Management
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Amazon Corporation (United States), Flipkart Inc. (India), Ebay Corporation (United States), SAP SE (Germany), IBM Corporation (United States), Honeywell International Inc. (United States), Tesco Pvt. Ltd. (India), Mercado Libre (Argentina), Oracle Corporation (United States) and AliExpress Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The Digital Retail market is constantly evolving, requiring players to be adaptable and innovative. Understanding customer needs, leveraging technology effectively, and offering a seamless omnichannel experience are key to success.
Key Developments in the Market:
In September 2023, Nike and Roblox where Nike announced a partnership with Roblox, a popular online gaming platform, to create a virtual world called Nikeland. Nikeland will allow players to create their own avatars, try on Nike products, and play games. The partnership is seen as a way for Nike to reach a new generation of customers.
In October 2023, Voice commerce has launched Amazon Alexa and Google Assistant are increasingly being used to make purchases. Walmart announced that it would be expanding its voice commerce capabilities, allowing customers to order groceries and other items using their voice assistants.
Influencing Trend:
Growing Need for Advanced Mobile Logistics Management and Demand for Increase in the Yield and Efficiency
Market Growth Drivers:
Increased Usage of Smart Devices and Incremental Technological Advancements
Challenges:
Standardization and Integration Issues
Restraints:
Lack of General Awareness and Expertise in Emerging Regions
Opportunities:
The growing purchasing powers of the consumers in China, India, and Saudi Arabia, among others
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Retail Market
- Analysis about New Entrants in Digital Retail Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Retail Study Sheds Light on
The Digital Retail Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Retail industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Retail industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.