Skip to main content

In-Store Retail Technology Market Upside in 2015

The applications for smartphones within physical retail environments already extend beyond in-store product or pricing comparisons by consumers. Moreover, the future use-cases that are likely to emerge in the coming year will expand across a variety of retail sectors.

It has been a breakthrough year for indoor wireless location applications for retail, with ABI Research forecasting deployments to approach 25,000 by the end of 2014 -- that's up by more than 100 percent from 2013.

"Vertically, the bulk of deployments are in clothing, big box, grocery, and shopping malls in 2014, driven by a variety of applications such as customer analytics, offers or coupons, product search, staff management, and navigation," said Patrick Connolly, senior analyst at ABI Research.

Looking toward 2015, we can expect to see the quick serve restaurant (QSR) market growing with a significant demand for queue management technologies -- as illustrated by companies like Starbucks and Taco Bell, which launched queue-skipping smartphone applications in 2014.

What is interesting is the technology mix today. ABI is seeing growth across all major technologies -- including BLE, Wi-Fi, and audio -- with 2015 being an important year for handset-based location, sensor fusion, magnetic field, and LED.

Regionally, the focus has been very much on the U.S. market in 2014, but there are now many worldwide deployments. Therefore, expect market development activity to further expand and evolve geographically in 2015.

This is a market where ABI says that they expect to see concurrent growth across the globe with more regional and vertical vendor winners, rather than one particular company dominating the whole space.

ABI's latest market assessment found that shopkick/SK Telecom, Point Inside, and Aisle411 are now leading in deployments at a cross-section of brick and mortar stores.

Over the past 12 months there has been a considerable change in deployments as companies have moved from a handful of deployments to getting into the hundreds and thousands of stores.

In 2015, expect to see camera analytics companies -- such as ShopperTrak, Irisys, and Brickstream -- playing an increasing role as they expand their offering into BLE, Wi-Fi, and in-store analytics.

Also, expect to see a lot of announcements around this growing category at the upcoming NRF 2015 event, as these companies launch new technologies and channel partnerships.

Popular posts from this blog

How Data and Analytics Drive Business Growth

Senior executives in the world’s largest and most complex organizations will develop the insights required to achieve lasting Digital Transformation. Gartner has identified a model for digital business growth that binds together data, analytics, technology, and forward-looking transformation capabilities. The Gartner Research Board said that data and analytics (D&A) leaders are uniquely positioned to drive this strategic organizational change that will make their companies behave like 'digital native' leaders.  "The most advanced and successful D&A leaders are driving new opportunities to use digital capabilities – often data and analytics products – to capture value. Those opportunities should directly connect to the business priorities," said Mario Faria, vice president at Gartner . Digital Business Market Development At the same time, some leaders are using digital and D&A to create whole new business models. These leaders – which Gartner named the CxO

Anywhere, Anytime Workplace Demand for SASE

The ongoing adoption of flexible working models within the enterprise market has significant implications for typical IT organizations that must now support knowledge workers and front-line employees that operate outside the corporate network perimeter. The global COVID-19 pandemic created IT networking and security challenges. The expansion of the distributed workforce, an increasing reliance on cloud computing infrastructure, and the requirement to securely connect online employees -- wherever they choose to work, at any given moment in time. Legacy IT solutions that have rigid network underlays and a requirement for on-premises infrastructure cannot adequately deal with these trends. This 'Anywhere, Anytime Workplace' led to demand for new Secure Access Service Edge (SASE) solutions, with networking and security delivered as-a-service. Anywhere, Anytime Workplace Market Development   Although converging networking and security capabilities offer enterprises a promising solut

The Metaverse Raised Virtual Reality Interest

After years of slow growth and limited use cases, the Virtual Reality (VR) market is now forecast to grow significantly over the next five years. Consumer interest in VR games and media continues to grow after the COVID-19 pandemic accelerated activity. At the same time, the need for employee enablement and immersive content within the enterprise environment remains strong. According to the latest market study by ABI Research, over 90 million Head Mounted Display (HMD) shipments in 2027 will drive total VR market revenues to reach over $95 billion across hardware, software, and services. Virtual Reality Market Development "The virtual reality market is no stranger to false starts, with identifiable efforts in VR dating back to the 1980s and 1990s. While the technology never found purchase results, the increased capability of VR hardware combined with the demand for immersive content in numerous markets, presents a significant opportunity," says Eric Abbruzzese, research direc