Global Smart Retail Market Insights, Size and Growth Forecast To 2028
The global smart retail market anticipated to influence due to changing buying behaviour of customers leads to the use of smart technologies by retailers and growing use of robots and automation by retailers to offer shopping convenience to customers. The global smart retail market generated size was estimated to generate USD 79.84 billion by 2028, registering a CAGR of 19.99% during the forecast period. The primary factors are changing customer preferences related to real-time engagement, differentiated personalization, relevant recommendations, and value-oriented shopping. The surge in the applications of technologies such as augmented reality, virtual reality, artificial intelligence, and IoT to improve store operations, facilitate accurate inventory management, and augment consumer’s shopping experience will propel the growth of global smart retail market share. Further, the growing usage of predictive equipment maintenance tool by retailers to monitor and antici...