Tag Archive | in-store

How Smart Retail Technology Fuels In-Store Innovation

How Smart Retail Technology Fuels In-Store Innovation

In 2025, traditional brick and mortar retailers will spend $34 billion on AI technologies — that’s up from just $4 billion in 2018. According to the ABI assessment, computer vision will account for 29 percent of this IT spending.

via Digital Lifescapes

How Wearable Technology Transforms In-Store Retail

retailer wearables market research

ABI Research forecasts enterprise retail wearable shipments will reach nearly 10 million in 2022, increasing from just 2 million in 2017 — that’s a compound annual growth rate (CAGR) of 38 percent.

Source: Digital Lifescapes

Smart Point of Sale Solutions are Gaining Momentum

mPOS retail market research

ABI Research forecasts the point of sale (POS) hardware market will increase to more than $4.5 billion in 2021, with revenues generated from a combination of traditional POS and mPOS — which employs a smartphone or media tablet as the cash register.

Source: Digital Lifescapes

Retail Point-of-Sale Technology Evolves with NFC and mPOS

contactless payments market research

The market for NFC-ready POS terminals continued to show momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million units, according to the latest worldwide market study by Berg Insight.

Source: Digital Lifescapes

Contactless POS Transactions will Reach $500 Billion in 2017

contactless POS market research

According to Juniper Research, the global value of contactless POS terminal transactions — conducted in-store via cards, mobile phones and wearables — will approach $500 billion annually by 2017; that’s up from an estimated $321 billion this year.

Source: Digital Lifescapes

More Omni-Channel Commerce Services Reach Global Markets

b2b omnichannel market research

Customers today forge paths to purchase that seamlessly cross channels, screens and stores.  For example, U.S. consumers in 2015 spent a whopping $1.5 trillion in-store that originally started or were influenced along the way by digital touchpoints.

Source: Forrester

How Retailers Experiment with In-Store Mobile Applications

UK mobile retail app market research

Retailers increasingly offer customers mobile apps with in-store functions, and according to a September 2015 market study, 71% of in-store mobile app sessions by UK users focused on the ‘store finder’.

Source: eMarketer