Tag Archive | Retail

Ambient Commerce Technology Revenue to Reach $5.3 Billion

Ambient Commerce Tech Revenue to Reach $5.3 Billion

Ambient commerce will drive expenditure on IoT connected devices and on IoT software and services in the retail sector. By 2020, the retail sector will spend $5.3 billion on IoT software and services — that’s up from $2.7 billion in 2018.

via GlobalData

Internet of Things will Enhance Retail ERP Solutions

Internet of Things will Enhance Retail ERP Solutions

According to the latest market study┬áby Juniper Research, revenues generated by the Internet of Things (IoT) and retail platforms will exceed $4.3 billion by 2023 — that’s up from an estimated $890 million in 2018.

via Digital Lifescapes

Why the Future of Retail Growth is Omnichannel

Why the Future of Retail Growth is Omnichannel

While it might be tempting to look at online and offline shopping trends individually, doing so limits the ability to see the synergies. For example, click-and-collect retail shopping has increased 30 percent in the past two years — it represented 18% of online grocery sales in 2016 and now represents nearly half (48%).

via Nielsen

In-Store Retail Technology Innovation Gains Momentum

In-Store Retail Technology Innovation Gains Momentum

According to the latest worldwide market study┬áby Juniper Research, retail spending at new frictionless payment stores — such as Amazon Go — will increase from an estimated $253 million in 2018 to over $45 billion by 2023.

via Digital Lifescapes

Exploring CPG and Retailer Blockchain Initiatives

The Top CPG & Consumer Blockchain Initiatives

“Walmart is forcing all of its leafy greens suppliers onto the blockchain. We explore other retailers and CPG companies leveraging blockchain to improve transparency, increase consumer trust, and save on supply chain costs.”

via CB Insights

How Digital Commerce Will Transform Global Retail

How Digital Commerce Will Transform Global Retail

Consumers are increasingly turning to online and mobile channels to make retail purchases that they traditionally would have made in-store in prior years — thanks to new online purchasing experiences like click-and-collect and mobile order-ahead.

via Digital Lifescapes

How NFC is Penetrating Retail Point-of-Sale Apps

How NFC is Penetrating Retail Point-of-Sale Apps

According to the latest worldwide market study by Berg Insight, the market for NFC-ready POS terminals continued to show strong momentum in 2017 with annual shipments reaching an estimated 24.7 million units worldwide.

via Digital Lifescapes