DUBLIN, Oct. 12, 2022 (GLOBE NEWSWIRE) — The “Smart Retail: Technology and Trends Analysis (2022-2025)” report has been added to ResearchAndMarkets.com’s supply.
The report establishes a strategic framework for smart retail adoption and then explores related technologies.
The COVID-19 pandemic has forced even culturally reluctant retailers to emulate or learn from e-commerce platforms and brands’ own direct-to-consumer channels, sometimes lifestyle-related channels.
This change is just the beginning: digital transformation lays the foundation for optimization, and new hardware awaits us. “Smart retail” can bridge the gap between a lockdown-era approach and a new consumer reality characterized by inflation and different forms of uncertainty.
The vast majority of retailers are looking to increase their use of technology beyond omnichannel capabilities through innovative customer experiences (VR/AR/MR) and emerging acquisition channels (voice, live streaming and social commerce).
Venture capitalists foresee opportunities for smart retail startups to leverage data and increasingly powerful hardware in unique ways, such as automation or virtual stores, leading to high valuations and exits. For consumers, the promise of smart retail is often a more cohesive, personal, engaging and rewarding shopping experience.
Smart Retail: Technology and Trend Analysis (2022-2025) Report Highlights:
The analysis will serve investors, retailers and smart retail companies by providing a bird’s-eye view of recent and upcoming changes in the retail industry. Based on primary and secondary research, it elucidates smart retail strategies and categories through multiple case studies.
Key data points including market forecasts are visualized as infographics for time-saving information ingestion. These striking images are easy to extract for internal presentations. Featured experts in the smart retail space are cited throughout the document.
This data-rich report begins by identifying the frameworks and levers that determine market growth, such as retailers’ ability to build and nurture a digital culture, and smart retail vendors’ perceptions of trends or pain points affecting retailers.
The report then explores smart retail categories that are being used to generate new customer experiences as part of this industry shift. These innovative techniques are tied to aggregate surveys, forecasts and other data and business goals.
Ultimately, this report highlights the ideas of entrepreneurs driving disruption and retailers evaluating technology deployment. This description of a smart retail space can serve as a reference point for investment, decision making, merchandising and presentation.
The report also presents more than 200 quantitative insights within its strategy-oriented, highly qualitative structure. Some forecasts vary widely, so these forecasts are carefully contextualized and represented as a spectrum.
This report will comprehensively answer the following key questions:
How are major retailers like Walmart deploying smart retail?
How can smart retail startups approach retail prospects and customers?
How can retailers change their culture to encourage technology experimentation?
How can retailers use data to better understand consumers and manage inventory?
What are the opportunities and risks in this fast data ecosystem?
What technologies are available to generate new shopper experiences?
Key topics covered:
1. Introduction to Smart Retail
1.1 The main advantages of this report
1.2 Target audience
1.3 Companies mentioned in this report
1.5 Executive Summary
2. Strategic Framework for Smart Retail Adoption
2.1 The role of digital culture in product/market fit
2.2 Organizational change
2.3 Numerical experiments and metrics
2.4 Reverse Engineering Consumer Preferences Using Data
2.5 Use data and intuition to manage inventory and support retail brands
2.6 Managing the relationship between content and business
2.7 Data Ecosystem: Potential Conflicts of Interest Between Smart Retail Providers and Retailers
2.8 Smart Retail Pricing and Sales Strategy
3. Create new customer experiences
3.1 Growth of Smart Retail Hardware
3.2 Smart Labels for Product Interaction
3.3 Voice business is more convenient
3.4 Real-time Commerce of Heuristic Selling
3.5 Contactless Displays in Pandemic Times
3.6 New Payment Method for New Purchase Behavior (BNPL)
3.7 AR/VR/MR stimulates sales and reduces return rate
4. Smart Retail Infographics
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For more information on this report, please visit https://www.researchandmarkets.com/r/8rp40o
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