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Retail Digital Transformation Market : Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

09-12-2017 10:23 PM CET | IT, New Media & Software

Press release from: Transparency Market Research Technology

Retail Digital Transformation Market : Comprehensive

Increased Internet penetration and rise in the number of mobile applications have led to the increased demand for efficient online retail marketplaces. Rising technological awareness has encouraged consumers worldwide to use mobile applications and websites to shop online.

In addition, competitive prices and ease of navigation among wide range of products by access through websites has increased the popularity of online retailing. Digital transformation in retail sector has enabled providers to achieve multi-channel sales through online marketplaces.

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Customers can choose from a wide range of online retailing websites which showcase a wide range of products. In addition, customers benefit as they can compare the cost and select the option that suits them best and also leverage from the discounts, sales and various other offers. External factors such as new entrants and increasing number of online stores across the world are expected to drive the growth of retail digital transformation market over the forecast period.

Online retail marketplaces can be accessed through either mobile applications or websites. Although access through mobile application has found increased penetration with increase in the number of smart phone users, websites still remain a vital option for online retailing.

Retail digital transformation market by access through websites held the largest market share of the overall retail digital transformation market in 2013. With increasing popularity of m-commerce, this market segment is forecast to grow at a significant rate during the forecast period 2014 to 2020.

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Retail digital transformation by product type can be segmented into consumer electronics and appliances; apparel and footwear; media, toys and games; food, grocery and beverages; beauty and personal care and others. In 2013, consumer electronics and appliances held the largest market share in the overall retail digital transformation market. Increasing number of merchants listing their products in the consumer electronics and appliance segment and other standardized products has led to the increased transactions within this market segment.

Online retailing is widely adopted by population of all age groups across the world at home and offices. Favorable conditions such as ease and availability of Internet access have encouraged customers to shop online.

By geography, North America led the overall retail digital transformation market in terms of revenue in 2013 on account of increased Internet access and presence of leading player in the region. Asia Pacific excluding Japan held the second largest revenue share of the overall retail digital transformation market in 2013.

Retail digital transformation market in Asia Pacific excluding Japan is expected to achieve significant growth during the forecast period from 2014 to 2020.

Amazon, Inc., Alibaba Group Holding Limited, and eBay, Inc. were identified to be the top three players in the retail digital transformation market in 2013. Other key players include Wal-Mart Stores, Inc., Rakuten, Inc., Flipkart Internet Private Limited, Tesco PLC, Snapdeal.com (Jasper Infotech Pvt. Ltd.), Otto Group, and MercadoLibre, Inc.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Transparency Market Research
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Albany, NY 12207
Tel: +1-518-618-1030
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Website: http://www.transparencymarketresearch.com

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