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IT Market in Retail Industry in China 2008-2012
Infiniti Research Limited, Jan 2010, Pages: 33
The Retail industry in China is one of the largest in Asia-Pacific, and is witnessing a growth in hypermarkets, supermarkets and convenience stores. The rapid emergence of modern trade is on account of the rise in per capita income and changing lifestyles amongst the emerging middle-income segment.
The Chinese Retail Industry has been undergoing many changes in the last five years. There has been a lot of technological advancement and expansion in the IT market in China. Through the adoption of IT, there has been standardization of activities, provision of better services and incorporation of data management among the retail organizations. New technologies are continuously being adopted both by the foreign as well as domestic players in the retail industry. Business benefits such as increasing efficiency, productivity gains, control over operations increasing the productivity of serving staff, fine-tuning of business model and return on investment are driving the demand in the market.
The IT market in the Chinese Retail industry has witnessed a consistent year-on-year growth; and despite the economic slowdown, IT investments continued during the early 2008. In the last quarter of 2008 and the first quarter of 2009, there was a dip in the investments. However, a rapid recovery in the market is expected during the first half of 2010, with companies starting to invest back in the IT solutions.
The report by TechNavio Insights forecasts the size of the IT market in retail industry in China over the period 2008-2012 and segments the market by technologies. Further, it discusses the key market trends, drivers and challenges of the IT market in retail industry in China and profiles some of the key vendors of this industry.
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