Global online sales set to be 20% of total by 2025: F&S

GITEX host, DWTC sees 2016 as ‘springboard’ year for IoT retail

Tags: Dubai World Trade CentreFrost & Sullivan (www.frost.com)United Arab Emirates
  • E-Mail
Global online sales set to be 20% of total by 2025: F&S
By  Stephen McBride Published  September 6, 2015

Global retail sales could reach $23trn by 2025, with online retail sales at $4.3trn, almost 20% of the global total, according to a report by Frost & Sullivan, released ahead of GITEX TECHNOLOGY WEEK 2015.

Dubai World Trade Centre, organiser and host of GITEX, cited the Frost & Sullivan report, as it highlighted four technology areas it believed would transform regional retail over the next five years: virtual stores; augmented reality shopping; smart shelves; and robotic assistants.

"In the Middle East, 2016 will be the ‘springboard' year for widespread regional adoption of next-generation, Internet of Things-era retail technology," DWTC said in a statement.

"Shoppers across the Middle East are among the world's most connected, influential and tech-savvy purchasers," said Trixie Loh Mirmand, senior vice president, Exhibitions & Events Management, Dubai World Trade Centre (DWTC). "Regional retailers are increasingly under pressure to captivate customers and drive sales, and Internet of Things-related technology solutions will be integral in converging brick-and-mortar and online stores."

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code