By 2026, the global retail automation market is expected to reach a value of $24 billion and still rise further, fueled also by rapid advancements of artificial intelligence as well as innovative technologies revolutionizing various industries such as banking, healthcare and more so all other sectors are bound to follow suit.
With the world already heading towards moving towards a more digital and omnichannel approach to connecting with customers, retailers inevitably have to start employing technology in the most effective possible way to take things forward.
Technology has become increasingly important for retailers as it allows them to run their business more efficiently and effectively. There has been an exponential rise in the popularity of these automated retail solutions, although this is not a new phenomenon. Let’s look at how automation can be used to bolster the growth of retail in India.