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The retail technology industry is rapidly evolving, driven by consumer demand for seamless online-to-offline experiences and personalized interactions. Digital transformation, AI integration, and data analytics are crucial for retailers to enhance customer engagement, optimize operations, and drive sales. Luxury retail, in particular, is investing heavily in tech to maintain exclusivity while improving accessibility and service.
Total Assets Under Management (AUM)
E-commerce Retail Sales in United States
~1.11 trillion USD (2023 estimate)
(13.6% CAGR)
- US e-commerce sales continue to grow significantly. - This growth is driven by increasing online shopping penetration. - It reflects ongoing digital transformation in retail.
30.4 trillion USD
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