The article cited AMA's Global Digital Retail Market Study explored substantial growth with CAGR of %. According the report, Growing Need for Advanced Mobile Logistics Management
is one of the primary growth factors for the market. Increased Usage of Smart Devices
is also expected to contribute significantly to the Digital Retail market. Overall, applications of Digital Retail, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Amazon Corporation (United States), Flipkart Inc. (India), Ebay Corporation (United States), SAP SE (Germany), IBM Corporation (United States), Honeywell International Inc. (United States), Tesco Pvt. Ltd. (India), Mercado Libre (Argentina), Oracle Corporation (United States) and AliExpress Ltd. (China) may see astonishing sales in this Market and certainly improve revenue growth.
The Products, such as Consumer Electronics, is boosting the Digital Retail market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Accesibility, such as Mobile Application, is boosting the Digital Retail market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Digital Retail market identified that the demand is rising in many different parts of the world as "The growing purchasing powers of the consumers in China, India, and Saudi Arabia, among others". Furthermore, some recent industry insights like "In October 2023, Voice commerce has launched Amazon Alexa and Google Assistant are increasingly being used to make purchases. Walmart announced that it would be expanding its voice commerce capabilities, allowing customers to order groceries and other items using their voice assistants." is constantly making the industry dynamic. One of the challenges that industry facing is "Standardization and Integration Issues"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Digital Retail market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Digital Retail market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Digital Retail market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital Retail market and other related sub-markets covered in the study.
o Key & emerging players in the Digital Retail market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Digital Retail market size is calculated using market estimation process, the Digital Retail market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Digital Retail market size has been validated using both top-down and bottom-up approaches.