Global Digital Transformation in Retail Market Size study, by Accessibility (Mobile Application, Website), by Product (Consumer Electronics, Media and Entertainment, Apparel, Food and Beverage, Furniture and Home Decor, Beauty and Personal Care, Others) and Regional Forecasts 2020-2027, The ‘ Digital Transformation in Retail market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Digital Transformation in Retail derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Digital Transformation in Retail market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
|covid-19 scenario||Market Behavior||End Industry Behavior||Expected Industry Recovery Timeline||Expected Key Dynamic||Business Impact Horizon|
|Fast recovery – Opening of economy by Q2 2020||xx||xx||xx||xx||xx|
|Gradual recovery – Opening of economy by Q3 2020||xx||xx||xx||xx||xx|
|Partial recovery – Partial opening of economy by Q3 2020||xx||xx||xx||xx||xx|
|Slow recovery – Opening of economy extended till Q4 2020 / Q1 2021||xx||xx||xx||xx||xx|
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Key Segments Studied in the Global Digital Transformation in Retail Market
Global Digital Transformation in Retail Market is valued at approximately USD 85.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 19.9% over the forecast period 2020-2027. Digital transformation has become a key element in the digitalization of in-store retail by personalizing the customer experience and creating a more engaged business-to-consumer interaction. For retail companies, the wave of digital transformation may pose a lucrative opportunity to bridge the gap between virtual and physical sales channels. This is also becoming an integral part of retailers because of the efficiency it brings to the operations by replacing humans. As they are more prone to inaccuracies, however, the use of digital technology helps in eliminating the errors that humans can bring into operations. Thus, the shift of manual practices to digitalized and automated operations in retail is likely to create a huge demand for the digital transformation market. Moreover, the increasing integration and spending on digital technology among retailers, along with the surging e-commerce transaction across developed and developing nations are the few factors responsible for the high CAGR of the market during the forecast period. According to the Indian Brand Equity Foundation (IBEF), the e-commerce sector remained at USD 38.5 billion in 2017 and is likely to grow to almost USD 200 billion by 2024. In 2018, China’s retail e-commerce sale was estimated at around USD 1.52 trillion and likely to grow to USD 4.09 trillion by 2023. This, in turn, is likely to strengthen the demand for digital transformation in retail, thereby contributing to the market growth around the world. However, the lack of general awareness and expertise and limited standardization and integration issues are the few factors restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Digital Transformation in Retail market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising government support to implement digital technology in retail operations, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in number of e-commerce transactions coupled with growing digital transition in retail sector across the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the Digital Transformation in Retail market in the Asia-Pacific region.
Major market player included in this report are:
- Amazon Corporation
- Flipkart Inc.
- Ebay Corporation
- SAP SE
- IBM Corp.
- Honeywell International Inc.
- Tesco Pvt. Ltd.
- Mercado Libre
- Oracle Corporation
- AliExpress Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Mobile Application
- Consumer Electronics
- Media and Entertainment
- Food and Beverage
- Furniture and Home Decor
- Beauty and Personal Care
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
- Market size and growth rate during forecast period.
- Key factors driving the Market.
- Key market trends cracking up the growth of the Market.
- Challenges to market growth.
- Key vendors of Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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Market analysis requires careful attention to the following:
- Market Analysis: To make this section robust, we help you identify industry size, growth rates, drivers, challenges, major players, and market forecasts and emerging trends.
- Competitive Analysis: Understanding your competition is critical to your success. This section includes an analysis of your key competitors, their products / services, their differentiators, and market shares.
- Target Market and Customers: Identifying and prioritizing specific target markets are another key part of your industry analysis where research is crucial. You need to think about demographics and buying behaviors of your customers? How can you best reach them? What kinds of challenges do they have? How do they like to be marketed?
Competitiveness Industry concentration – This is a measure of the number of firms in an industry and the size of the predominant firms in the industry. It indicates the nature of the competition. Identify the most important players in the industry. What percent of the market is controlled by the largest companies (for example, the four largest firms)? What is the market share of each major firm? What is the number of firms over a certain size? Is there a dominant industry leader? Who is it?
Key Points Covered in Digital Transformation in Retail Market Report: Study Explore COVID 19 Outbreak Impact Analysis
|Global Digital Transformation in Retail Market Research Report|
|Section 1: Global Digital Transformation in Retail Industry Overview|
|Section 2: Global Economic Impact on Digital Transformation in Retail Industry|
|Section 3: Global Market Competition by Industry Producers|
|Section 4: Global Productions, Revenue (Value), according to Regions|
|Section 5: Global Supplies (Production), Consumption, Export, Import, geographically|
|Section 6: Global Productions, Revenue (Value), Price Trend, Product Type|
|Section 7: Global Market Analysis, on the basis of Application|
|Section 8: Digital Transformation in Retail Market Pricing Analysis|
|Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers|
|Section 10: Strategies and key policies by Distributors/Suppliers/Traders|
|Section 11: Key Marketing Strategy Analysis, by Market Vendors|
|Section 12: Market Effect Factors Analysis|
|Section 13: Global Digital Transformation in Retail Market Forecast|
……..and view more in complete table of Contents
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