Market Overview:
The global digital transformation in retail market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for omni-channel retailing, rising adoption of cloud-based solutions, and growing use of big data and analytics in retail businesses. In terms of type, the web access segment is expected to lead the global digital transformation in retail market during the forecast period. This can be attributed to the increasing demand for online shopping and rising penetration of internet users across the globe. In terms of application, consumer electronics is expected to lead the global digital transformation in retail market duringthe forecast period owingto th egrowing demand for smart TVs, smartphones, tablets, and other consumer electronics products.
Product Definition:
Digital Transformation is the process of transforming traditional businesses into digital businesses. The goal of digital transformation is to create a more customer-centric and efficient business model. Digital transformation can improve customer engagement, increase sales, and reduce costs.
Web Access:
Web access is a protocol by which a computer connected to the internet can connect with another computer connected to the internet. It allows users to access data or resources located at another address over an IP-based network. Web addresses are typically Uniform Resource Locators (URLs) that are used by web browsers, mobile devices, and other software applications to locate and retrieve data or resource from one or more servers over the Internet.
Mobile Client:
Mobile client is a software application that enables the end-users to access their financial data via smartphones. It provides features such as budgeting, expense tracking, and analysis of financial data. The mobile client helps in enhancing customer experience by providing them with an optimized way to manage their day-to-day operations related to finances. Mobile clients are widely used across various industries for improving customer engagement and reducing operational costs through seamless connectivity between devices (such as tablets, laptops, smartphones).
Application Insights:
The consumer electronics segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing use of digital technologies such as smart TVs, connected cars, and household appliances. Moreover, growing demand for smartphones has fueled the growth of this segment further.
The media & entertainment application is anticipated to register a significant CAGR over the forecast period owing to rising adoption of streaming services such as Netflix and Hulu among others across various regions globally. Furthermore, increasing penetration of e-commerce platforms has resulted in increased sales through online stores which have positively impacted overall revenue generation from this sector globally.
Regional Analysis:
The North American region is expected to lead the global market in terms of revenue share. The growth can be attributed to the increasing adoption of digital technologies by retailers for enhancing customer experience and driving sales. Moreover, rising demand for connected devices such as smartphones, tablets, and personal computers has given rise to ancillary services such as e-commerce and m-commerce that further boost industry growth.
Asia Pacific is projected to register significant growth over the forecast period owing to factors such as growing internet penetration rate coupled with increasing smartphone adoption in emerging economies including China and India. Furthermore, a shift from offline channels of distribution towards online channels has resulted in creating opportunities for vendors operating within this space thereby boosting regional market development over the forecast period.
Growth Factors:
- Increased demand for convenience and faster service: Retailers are under pressure to provide an enhanced customer experience through digital channels in order to remain competitive. This includes offering convenient options such as online ordering and in-store pickup, as well as faster service such as express checkout lanes.
- Proliferation of mobile devices and apps: Retailers are increasingly adopting mobile technologies to engage customers with personalized content and offers, make it easier for them to shop on the go, and improve the overall shopping experience. In addition, retailers are using mobile apps for inventory management and store operations purposes.
- Emergence of new retail formats: Traditional brick-and-mortar stores are facing increasing competition from new retail formats that offer a more engaging customer experience, such as pop-up shops, showrooms, and marketplaces. To stay competitive, traditional retailers need to adopt innovative technologies that can help them create a similar engaging shopping experience digitally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Transformation in Retail Market Research Report
By Type
Web Access, Mobile Client
By Application
Consumer Electronics, Media & Entertainment, Apparel, Food & Beverage, Furniture & Home Décor, Beauty and Personal Care, Other
By Companies
Amazon, Ebay, SAP, Flipkart, IBM, Snapdeal, Honeywell, Tesco, Mercado Libre, Oracle, Alibaba, Jingdong
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Digital Transformation in Retail Market Report Segments:
The global Digital Transformation in Retail market is segmented on the basis of:
Types
Web Access, Mobile Client
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Media & Entertainment, Apparel, Food & Beverage, Furniture & Home Décor, Beauty and Personal Care, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amazon
- Ebay
- SAP
- Flipkart
- IBM
- Snapdeal
- Honeywell
- Tesco
- Mercado Libre
- Oracle
- Alibaba
- Jingdong
Highlights of The Digital Transformation in Retail Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Web Access
- Mobile Client
- By Application:
- Consumer Electronics
- Media & Entertainment
- Apparel
- Food & Beverage
- Furniture & Home Décor
- Beauty and Personal Care
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Transformation in Retail Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital transformation in retail is the process of transforming an organization’s business model to include new technologies and digital platforms. This can involve everything from upgrading outdated systems to implementing cutting-edge customer engagement strategies.
Some of the major players in the digital transformation in retail market are Amazon, Ebay, SAP, Flipkart, IBM, Snapdeal, Honeywell, Tesco, Mercado Libre, Oracle, Alibaba, Jingdong.
The digital transformation in retail market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Transformation in Retail Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Transformation in Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Transformation in Retail Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Transformation in Retail Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Transformation in Retail Market Size & Forecast, 2020-2028
4.5.1 Digital Transformation in Retail Market Size and Y-o-Y Growth
4.5.2 Digital Transformation in Retail Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Web Access
5.2.2 Mobile Client
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Media & Entertainment
6.2.3 Apparel
6.2.4 Food & Beverage
6.2.5 Furniture & Home Décor
6.2.6 Beauty and Personal Care
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Transformation in Retail Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Transformation in Retail Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Web Access
9.6.2 Mobile Client
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Media & Entertainment
9.10.3 Apparel
9.10.4 Food & Beverage
9.10.5 Furniture & Home Décor
9.10.6 Beauty and Personal Care
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Web Access
10.6.2 Mobile Client
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Media & Entertainment
10.10.3 Apparel
10.10.4 Food & Beverage
10.10.5 Furniture & Home Décor
10.10.6 Beauty and Personal Care
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Web Access
11.6.2 Mobile Client
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Media & Entertainment
11.10.3 Apparel
11.10.4 Food & Beverage
11.10.5 Furniture & Home Décor
11.10.6 Beauty and Personal Care
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Web Access
12.6.2 Mobile Client
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Media & Entertainment
12.10.3 Apparel
12.10.4 Food & Beverage
12.10.5 Furniture & Home Décor
12.10.6 Beauty and Personal Care
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Web Access
13.6.2 Mobile Client
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Media & Entertainment
13.10.3 Apparel
13.10.4 Food & Beverage
13.10.5 Furniture & Home Décor
13.10.6 Beauty and Personal Care
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Transformation in Retail Market: Competitive Dashboard
14.2 Global Digital Transformation in Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon
14.3.2 Ebay
14.3.3 SAP
14.3.4 Flipkart
14.3.5 IBM
14.3.6 Snapdeal
14.3.7 Honeywell
14.3.8 Tesco
14.3.9 Mercado Libre
14.3.10 Oracle
14.3.11 Alibaba
14.3.12 Jingdong
