The on-demand retail industry is expanding, and technology is helping eliminate the imbalance between demand and resource availability and inadequate area mapping. This is one of the many factors attributed to the growth of the global retail execution software market, which is expected to reach $303.26 billion by 2027, according to most recent market estimates. The analysis also predicts the growth to take place at a CAGR of 7.2 percent during this period.
The rapid movement toward online shopping is a major factor propelling the growth of the retail execution market. Another factor driving this market expansion is machine learning, which enables online retailers to quickly identify customers who are disconnected from their services and increase customer retention by reminding them to reorder items in demand.
To put the spotlight on such key developments in the industry, Retail Tech Insights illustrates how retail companies are leveraging the latest technologies to augment their retail execution operations and meet customer expectations. The edition features thought leadership articles from Amy Sullivan, VP/GMM – Merchandising at Kirkland’s, who sheds light on how merchants are incorporating technology in their workflow, and Patrick Osborne, Manager, Customer & Marketing Analytics at QVC, who discusses ways of capturing customer attention in the current digital retail space.
In this edition of Retail Tech Insights, we also bring you the stories of some of the top retail execution solution providers that deliver the best retail execution solutions for their clients. The list includes SAS Retail Services, which solves inventory issues and ensures the availability of products at all times.
We hope this edition assists you in finding the appropriate retail execution solution provider to deliver innovative solutions to upgrade your retail operations.
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