Retail Digital Transformation Market

Online sales have increased substantially in the past years. In fact, it has become one of the fastest growing sectors in the economy. There are a lot of factors that contribute to this trend. One of these is the easy and convenient method of payment through the Internet. Online shopping is also a type of electronic retail trade that lets consumers directly purchase products or services from a vendor with a personal computer or an online application.

Ecommerce has provided small businesses the chance to expand their existing customer base without investing additional capital. With the popularity of online shopping, many people are now aware that it is more convenient and safer to shop online than to walk from one store to another. Another reason for the rising number of online sales is the presence of a wide array of online marketplace tools such as search engines, shopping carts, online catalogs, and payment gateways that make online shopping hassle-free for buyers and sellers.

Market Dynamics:

Launch of online stores is expected to propel growth of the global retail digital transformation market. For instance, in July 2021, U.S-based Aqua Medical Spa added a new online store to its website that offers medical-grade skincare products.

Major players operating in the global retail digital transformation market are focused on investing in R&D to expand their product portfolio. For instance, in November 2019, Amazon announced plans to build a new state-of-the-art Amazon Robotics innovation hub and invest over US$ 40 million in the new site.

Key features of the study:

• This report provides in-depth analysis of the global retail digital transformation market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global retail digital transformation market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Amazon.com, Inc., MercadoLibre, Inc., eBay, Inc., Otto Group, Wal-Mart Stores, Inc., Snapdeal.com, Alibaba Group Holding Limited, Tesco PLC, Alibaba Group Holding Limited, Tesco PLC, Rakuten, Inc., and Flipkart Internet Private Limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global retail digital transformation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global retail digital transformation market

Detailed Segmentation:

• Global Retail Digital Transformation Market, By Product:
  • Consumer Electronics and Appliances
  • Apparel and Footwear
  • Media, Toys, and Games
  • Food, Groceries, and Beverages
  • Furniture and Home Improvement
  • Beauty and Personal Care
  • Others
• Global Retail Digital Transformation Market, By Access:
  • Mobile Apps
  • Websites
• Global Retail Digital Transformation Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • com, Inc.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • MercadoLibre, Inc.
  • eBay, Inc.
  • Otto Group
  • Wal-Mart Stores, Inc.
  • com
  • Alibaba Group Holding Limited
  • Tesco PLC
  • Tesco PLC
  • Rakuten, Inc.
  • Flipkart Internet Private Limited.

*Browse all the market data tables and figures on “Global Retail Digital Transformation Market- Forecast to 2028”