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Retail Trends Of 2019: Increasing Importance Of Technology


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 Transparency
  • Internet of Things
  • Artificial Intelligence
  • Augmented Reality
  • Big Data Analytics
  • Blockchain
  • Wallet Apps

The transition has resulted in digital transformation at every level of business right from warehouse, inventory, logistics to supply chain management. Retail software solutions are available for each and every function.
Resource Article: Future of Retail

 
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