The rapid digital transformation of business operations coupled with the deployment of various automation approaches to boost productivity and customer experience while minimizing operating expenses is driving the Canadian retail industry’s continued, astounding growth. Consumer preference for cashless transactions, as well as the subsequent increase in the adoption of digital payment solutions across retail stores, is also boosting the market growth.
Anticipating progressive industry developments, the global retail tech market is forecasted to be worth $72.9 billion by 2028, as per the latest market analysis reports. The reports also identify the market to witness a growth spike at a CAGR of 22.8 percent during the forecast period. The market growth can be primarily attributed to the integration of cutting-edge and emerging technologies to enhance consumers’ shopping experiences, facilitate accurate inventory management, and improve store operations.
Staying ahead of these industry developments, the latest edition of Retail Tech Insights highlights the critical advancements in the retail technology space and how companies are leveraging the latest solutions and market expertise to prove their mettle in delivering innovative retail solutions. It features thought leadership articles from Rebecca Meyer, Director of IT-Commerce Applications and ECommerce at Kelly-Moore Paints, who talks about the concept of Scan-and-Go solutions, allowing customers the freedom to shop and exit with minimal effort. It also contains commentaries from Vlad Yakubson, Head of Retail at Retail Apparel Group, who speaks on the importance of optimization of the site, ensuring the powerful connection of social media to enhance customer experience.
The edition also features DCM, a marketing and business communication solutions partner that provides transformative technology-enabled solutions to simplify processes and centralize information. DCM’s solutions enable organizations to improve efficiency, boost ROI, and guarantee compliance while offering added value to clients’ go-to-market strategies.
We hope this edition will help you find the appropriate retail tech solution provider that will help you incorporate industry-best technology practices to provide a better customer experience.
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