DUBLIN, March 7, 2024 /PRNewswire/ — The “Frictionless Commerce – Thematic Research” report has been added to ResearchAndMarkets.com’s offering.
This report offers an extensive overview of the frictionless commerce theme, highlighting key trends expected to shape it over the next 12 to 24 months across technology, macroeconomic, and regulatory domains. It provides comprehensive industry analysis, including market size and growth forecasts for the global frictionless commerce market, along with insights into trends from proprietary signals data such as M&As, venture financing, and patents.
Frictionless commerce is a new iteration of in-store retail that draws on the technological capabilities of ecommerce, fusing this with traditional retail. While only in its infancy, frictionless commerce is being deployed to test new markets, store formats, and shopping categories. This report will help you understand what frictionless commerce is and its potential impact on the retail industry.
Today’s consumers demand instant gratification, and frictionless commerce aims to provide it. Physical stores are evolving from tills staffed by workers and self-checkout systems (although both are still found in many stores) to the budding cashierless checkout system, where you walk into a store, pick up the items you want, and walk out. This model, called frictionless commerce, was pioneered by Amazon. It uses technology to identify the shopper, recognize their chosen objects, and bill them after they leave the store.
The report also breaks down the value chain into five layers: physical, connectivity, data, apps, and services. Additionally, it features profiles of leading players in the frictionless commerce space, including Alibaba, Amazon, Carrefour, JD.com, and Microsoft.
Key Highlights
While frictionless commerce looked like the future of shopping upon its inception less than a decade ago, a lukewarm response from consumers has dampened retailers’ enthusiasm. Many consumers are put off by requests to download an app to enter a store, stifling footfall. Imperfect technology implementation can also cause delays and errors, alienating shoppers rather than providing convenience. The high costs associated with fitting out a frictionless commerce store and uncertain returns on investment may also deter retailers from adopting this technology.
However, although the frictionless commerce market was worth only $375.4 million in 2023 (less than 0.01% of the global in-store retail market), the industry may still find a way to flourish. It remains to be seen whether society fully embraces this new way of shopping.
Scope
- This report provides an overview of the frictionless commerce theme.
- It identifies the key trends shaping the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- It includes a comprehensive industry analysis, including market size and growth forecasts for the global frictionless commerce market, alongside analysis of trends in the proprietary signals data, including M&As, venture financing, and patents.
- The detailed value chain is split into five layers: physical, connectivity, data, apps, and services.
- Also included are profiles of leading players in the frictionless commerce theme, including Alibaba, Amazon, Carrefour, JD.com, and Microsoft.
Key Topics Covered:
- Executive Summary
- Players
- Technology Briefing
- Trends
- Industry Analysis
- Signals
- Value Chain
- Companies
- Sector Scorecard
- Glossary
- Further Reading
- Thematic Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/7p3tr6
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SOURCE Research and Markets
