Retail industry is dynamically changing to adapt to current market trends and changing consumer’s preferences. Integration of trending technologies in brick and mortar store is essential to keep consumers engaged and offer seamless shopping experience. Industry experts are using ‘omnichannel retail strategy’ as the powerful tool to outweigh their competitors and go ahead in the race for innovation. Retail industry experts analyze lifestyle of consumers and predict that the usage of AR, IoT and AI would increase in the near future.
Image Courtesy: Primaseller The last 2018 was an interesting and thrilling, year in retail world. The overall market conditions were strong.The retail industry has undergone a significant transformation over the past decades, and it continues to evolve drastically. The retail industry has witnessed phenomenal changes due to the technology evolution. In 2019, the retail market will be defined by trending emerging technologies that change the way customers engaging with their favorite top retail brands. 2019 is Assured to be another action packed year for Retail Tech world, below are a few key trends that will be of utmost importance for retail technology. According to the National Retail Federation , data shows “a net increase in store openings of over 4,000 in 2017. In fact, for each company closing a store, 2.7 companies are opening stores.” Top 10 Retail Technology Trends for 2019 Rise of Experiential Retail Cyber Security Advance Analytics Approach Data Transparen...
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