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Latest developments in alternative retailing technologies market revealed by top research firm

Industrial Market Research

Modern people prefer to be able to shop anywhere at any time and location at affordable prices and multiple options of delivery. Retailers are expected to offer comprehensive product information, product reviews, and inventory visibility and availability.

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Alternative Retailing Technologies Market: Overview

With technology changing from ecommerce to multichannel retailing, Omni channel retailing is the latest retailing technology which provides an integrated real time shopping experience to the customers which means that whether a person shops from a desktop or a mobile or a store, the feeling of shopping and the experience will be similar. Big companies like Starbucks, Disney, and Bank of America among others have adopted Omni channel retailing.

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New technology like hand held shopping assistance, a palm-size device for in-store shopping is gaining momentum in the global alternative retailing technologies market. Radio frequency identification technology for tracking items is being adopted to improvise logistics, inventory and also the customer experience.

Technology like self-scanning for speedy checkout of items purchased, 3D view of the products, and point of scale are expanding. Such technology improvements offer retail marketers to develop sales value more effectively.

Alternative Retailing Technologies Market: Drivers and Restraints

Upgraded service and convenience, enhanced selection and product information drives the global alternative retailing technologies market. Changing behavior of the modern day customers towards shopping experience is one of the key driver for alternative retailing technologies.

The easy mode of payment with in-hand delivery and technology with seamless experience on web mode and in-store provides further impetus for the growth of the global alternative retailing technologies market.

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Alternative Retailing Technologies Market Segmentation:

Segmentation based on online technologies:

  • Online 3-D virtual store
  • Online shopping site
  • Online store information site
  • Interactive printing

Segmentation based on in-store technologies:

  • Tablet Technology
  • Wireless voice communication
  • Guest internet access
  • In-store kiosk
  • Hand-held shopping assistant
  • Body scanning

Alternative Retailing Technologies Market: Region Wise Outlook

The alternative retailing technologies market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Japan, Western Europe and North America are expected to register above average CAGRs during the forecast period owing to the advance technologies and awareness about the retail scenario in the regions.

Also, Asia Pacific Excluding Japan, Middle East & Africa markets are projected to grow steadily due to a versatile nature of demand in the market.

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Alternative Retailing Technologies: Key Players

Some of the key players in the global alternative retailing technologies are as follows:

  • Vend Limited
  • RIBA Retail
  • Tulip Retail
  • Seamless Receipts
  • IBM

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Future Market Insights - Market Research ReportsFuture Market Insights
Category: Market Research Publishers and RetailersCompany about: Future Market Insights (FMI) is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail.