Advanced shopping technology market is anticipated to grow at a considerable CAGR of 12.3% during the forecast period. with advancements in technology, it transforming the delivery and logistics aspects of the shopping experience and fast delivery options that have become the norm for many retailers. The surge in the integration of artificial intelligence (AI) such as multiple online platforms, mobile, and in-store channels is contributing to the growth. The demand in E-commerce platforms driving the advanced shopping technology market For instance, Amazon is known for its innovation and uses AI-powered Alexa to understand customer demand and provide personalized product recommendations. The store contains all the essentials of an Amazon Fresh grocery store: a two-word logo on dark gray panels above the store’s entrance, an online order pickup counter, and such full-service departments as a butcher Alibaba, a key player in the e-commerce market, has embraced AI assistants like Tmall Genie and Ali Assistant to gain a competitive edge in the market. Their AI-powered customer service chatbot handles an impressive 95 percent of written and spoken customer inquiries.
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The smart retail store is also an emerging innovation in the retail market that is very different from traditional retail stores that empowers customer purchases by offering various smart technologies, including facial recognition, QR codes, smart shelves, virtual shopping carts, product tracking, product recognition settlement for Instance, The Huawei Micro Data Center (MicroDC) Solution provides MicroDCs for shopping centers and chain stores to integrate a variety of capabilities, such as routing, switching, security, computing, and storage. The solution pre-integrates many systems and software, such as Enterprise Resource Planning (ERP) and OA software, to ensure rapid rollout of retail services System U, a famous supermarket company in France, uses the Huawei MicroDC Solution to implement remote management of physical stores, reducing costs and improving operational efficiency.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Advanced Shopping Technology Market Report Segment
By Technology
- Beacons
- Virtual Reality
- smart shelves
- Retail Apps
- Social Media
- Showrooming
By Application
- Retail
- Commercial Advertising
- Warehouse
Global Advanced Shopping Technology Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global advanced shopping technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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