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Top 10 ecommerce trends shaping online retail in 2024

delighted

By 2032, the ecommerce AI market is expected to reach $45.72 Social commerce meets customers where they are Social media is now more than just a marketing channel: it can also serve as an extension of your storefront. more likely to buy something from TikTok Shop than the average consumer. trillion by 2025.

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The Rise of Plant Based Alternatives

Maru Group

We know there’s been a surge in plant-based meat alternatives (‘Plant‑based consumption is growing at record levels across Europe, and the market is expected to reach $16.70 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.1% After the January deprivation, 31% agreed they were likely to go vegan from February; 38.5%

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Top Tips to Boost Engagement and Satisfaction in the Retail Customer Experience

CSM Magazine

The global market for video surveillance is expected to reach $145 billion by 2029, growing at an impressive annual rate of over 12%​. When tech runs smoothly, customers won’t even notice it’s there. And that’s exactly the point. The adoption of AI-enhanced security cameras is booming. Your favorite blend of coffee just came in!’

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AI Chatbots are Improving Customer Experience Faster than Expected

Comm100

By February of 2023, the chatbot created by software company OpenAI had garnered 100 million unique visitors , making it the fastest-growing consumer app ever to have been released. According to reports, the machine learning industry will reach nearly $210 billion by 2029, and AI chatbots are partially responsible for fueling this growth.

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Top Retail Customer Experience Trends to Watch in 2023

SurveySensum

According to Statistia’s survey on Retail Technology , in 2021, the global market value of self-service systems was over 4 billion USD, and it is expected to hit 13-14 billion USD by 2030. And here’s the cool part: for retailers with complex products or services, self-service kiosks come to the rescue!

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How to Enhance CX in Retail With Customer Feedback?

SurveySensum

Several factors can contribute to this issue: it could be due to a lack of customer awareness lack of customer interest in the category ineffective marketing strategies limited product assortment intense competition from other brands. Evaluate and refine marketing strategies to effectively reach the target audience. And guess what?

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The Relationship of Philippine Outsourcing and Philippine Economic Growth

Magellan Solutions

trillion by 2029. With forecasts for robust economic growth, the Philippines will have a significantly larger consumer market over the next few years. This paints a rosy picture for the Philippine economy, since a growing consumer market can lead to increased spending and attract more foreign ventures to the country.

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