Top 15 Retail Digital Transformation Trends In 2023 A few examples of digital transformation trends and technologies that retail companies should consider as part of their efforts include the following: mobile apps: whether a native app or a new comer technology like progressive web apps, mobile apps and mobile accessibility still reign supreme. shoppers use retail apps to look for localized. The global digital transformation market in retail is expected to reach $710 billion in 2023 and grow to $1.72 trillion by 2028, at a cagr of 19.30% over the forecast period (2023 2028). these days, technology blurs industry boundaries and opens new possibilities in every aspect of retail — from marketing and procurement to sales, planning.
Digital Transformation For The Retail Industry Trends Challenges And Digital technology has become a foundational element for all industries, but retail is facing several challenges that have brought it to the fore. the industry has been reshaped by a number of factors—including the rise of e commerce and omnichannel, changing customer behavior and hyperpersonalization, and growing supply chain complexity—all of which have been accelerated by the pandemic. The retail industry’s digital transformation revolutionizes how businesses operate and interact with customers. by integrating digital technology, retail businesses can enhance their efficiency, customer experience, and market reach. this transformation often involves using e commerce platforms, data analytics, ai, and other digital tools to. We will also go through what lies ahead in the future by having a glimpse at digital trends in retail industry. benefits of digital transformation for retailers as per the statista report , after falling into a negative trajectory in the year 2020, retail sales is expected to remain at 4.1 percent in the year 2025. Enabling “new retail” and business innovation. to drive retail digital transformation, yonghui superstores created a “new retail” strategy and needed to verify if the strategy could meet current as well as future business needs. using gartner research and expert advisors, our client was able to strategically validate the new strategy.
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