Future of Microelectronics in the Retail Sector

Future of Microelectronics in the Retail Sector

  • March 2020 •
  • 48 pages •
  • Report ID: 5882036 •
  • Format: PDF
Conventional brick and mortar retail industry is facing fierce competition from emerging e-commerce platforms. Rise of e-commerce platforms has triggered disruption in retail industry with the way users buy products. There is high demand for technology solutions helping retailers to transform their conventional brick and mortar stores into digital stores that not only provide an immersive shopping experience to the customers but also increases in-store efficiency for the retailers.Traditional stores are heavily dependent on human resource and fails to deliver required efficiency in order to compete with online platforms.This technology and innovation report discusses key microelectronics technologies that enable digital shopping experience for the customers. The report also discusses various shopping trends, and strategies followed by various stakeholders of the retail industry ecosystem: What are the various technology areas impacting retail scenario?What are the key trends driving technology advancements?How wearable solutions are enhancing consumer buying experience?How are start-ups deploying digital retail stores technologies?What are key strategic collaborations that indicates high disruption and adoption potential of digital technologies in the near term?How some technologies could impact and boost sales despite outbreak of COVID-19?What are key players in various technology areas?