Retail Analytics Market will Reach $24 Billion by 2027
The global retail analytics market will reach a value of $24 billion by 2027 — expanding at a CAGR of ~19% from 2019 to 2027. Asia Pacific is anticipated to dominate the global retail analytics market and expand at a CAGR of ~24% during the forecast period.
Mobile Commerce Gains Share in Retail and Travel Markets
Mobile’s share in U.S. online retail and travel commerce will increase from 36% in 2018 to 45% in 2024, according to Forrester. Retailers are investing in smoothing the checkout process to encourage more consumers to complete their purchase on their smartphone.
via Forrester
China will Continue to Lead Global eRetail Payments
Juniper now forecasts that over half of global revenue will be generated in China by 2024 — primarily owing to its increasing consumer affluence, and vast usage of Chinese social payments platforms such as WeChat Pay.
Digital Payment Trends will Reshape the Global Economy
In recent years, cashless payment has become increasingly prevalent, whether using conventional methods or innovative and convenient financial services on mobile phones. This trend will make our economy and financial system more efficient.
Smartphone Apps Drive the eRetail Payments Market
According to the latest worldwide market study by Juniper Research, the total transaction value of remote payments for digital and physical goods will exceed $6 trillion by 2024 — that’s a growth rate of 53 percent from 2019.
Digital Wallet Transactions will Reach $9 Trillion in 2024
For the savvy digital wallet provider, the fintech revolution in online payments and person-to-person remittance has enabled several new players to achieve a growing presence across the global financial services and retail ecosystems.
How Digital Platforms Enable Retail Innovation
“IDC thinks that a digital platform is essential to execute the innovation strategy. Such platforms have the fundamental role of integrating a company’s IT and business departments around a set of shared key capabilities that include an intelligent core that can continuously analyze data from internal and external environments.”
via IDC
Facial Recognition: 16 Industries Ready for Transformation
From screening patients for clinical trials to assessing the emotional state of drivers, CB Insights outlines how facial recognition technology is shaping the future of commerce.
via CB Insights
How Predictive Analytics Extract Value from Data
The global predictive analytics market will expand at a 17.80 percent CAGR over the forecast period to 2019. The market is estimated to reach $6.54 billion by 2019. In terms of applications, the segment of finance and risk management is expected to generate high demand in the global predictive analytics market.
via TMR
How Non-Industrial Robotics Drives New Growth
Non-industrial robots represented 70% of the $39.3 billion robotics market globally. Most of this growth is being driven by new and expanding use cases in segments like agriculture, autonomous vehicles, consumer drones, warehousing, logistics, military and personal assistant robots.
via Tractica
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