The global advanced shopping technology market is to grow at a considerable CAGR of 12.3% during the forecast period (2023-2030). With the technological growth and growing demand for electronic devices such as mobile phones, tablets laptops, and among others. the market of mobile applications in the shopping technology market is also growing According to Globaldata, The anticipated CAGR of 3.7% for the five years 2021 - 2026, which is expected to drive the market to a value of $910.9 billion by the end of 2026. Comparatively, the Asia-Pacific and US markets will grow with CAGRs of 4.5% and 3.4% respectively, over the same period, to reach respective values of $394.3 billion and $232.7 billion in 2026. Mobile applications makes the shopping experience more efficient, more personalized, and more convenient with the help of mobile applications customer can easily reach customer service and simplify the checkout processes.
Browse the full report description of “Advanced Shopping Technology Market Size, Share & Trends Analysis Report Market by Technology (Beacons, Virtual Reality, Smart Shelves, Retail Apps, Social Media, and Showrooming), and by Application (Retail, Commercial Advertising, and Warehouse), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/advanced-shopping-technology-market
For instance, In August 2023, Walmart entered the virtual fashion segment with the clothing brand Scoop, fashion space, Runway Z, and within the mobile virtual world ZEPETO. virtual goods based on Scoop’s designs were available for players to buy for their avatars the company also partnered with consumer goods giant Procter & Gamble to put QR codes on bus shelters and trucks and encourage on-the-go consumers to scan and instantly buy P&G products from brands such as Tide, Pampers, and Gillette.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Amazon.com, Inc., Google LLC, Procter & Gamble Company, Toshiba Corporation, Walmart Inc., and among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Advanced Shopping Technology Market Report Segment
By Technology
By Application
Global Advanced Shopping Technology Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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