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Company Insights
IKEA Holding B.V. – Digital Transformation Strategies
IKEA Digital Transformation Strategies Overview IKEA is leveraging AI-based technologies as a part of its digital transformation strategies. The annual ICT spending of IKEA was estimated at $737.1 million in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. Inter IKEA Holding B.V. (Inter IKEA Holding) is the holding company of the Inter IKEA Group (IKEA Group). Inter IKEA Holding is a group of companies that connects suppliers and...
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Product Insights
NewUnited Kingdom (UK) Travel Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Travel Insurance Market Report Overview The UK travel insurance market research report offers insights into consumer purchasing decisions within the travel insurance scenario and discusses their influence on the market over the next few years. In 2023, more than 24% of travel insurance purchases were via PCWs, which suggests that consumers want more details from their providers about their coverage levels, policy options, and premium pricing. Additionally, single-trip policies maintained their popularity during the year Leading Distribution...
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Sector Analysis
NewSecondhand Selling – Shopping Trends and Consumer Insights, 2024
Secondhand Selling Market Overview The secondhand market is constrained by concerns about the quality of secondhand goods, particularly, from consumers in Spain, Italy, and China. However, cost is one of the factors driving secondhand clothing & footwear buying, with more than 60% of consumers globally excluding China. China is majorly focusing on getting access to vintage, limited-edition, or unique items including all the other countries. Owing to this, Chinese consumers prefer items secondhand as they are more affordable. Buy the...
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Consumer Insights
NewCost Pressures – Shopping Trends and Consumer Insights
Cost Pressures Market Report Overview Consumers across the globe are pessimistic about their country’s economic scenario over the next six months. However, a significant part of the population believe the economies to decline in the coming years. The economic adversities will adversely impact retail spending as consumers plan to cutback on costs. Retailers should opt for cost-effective alternatives, with a focus on promoting value for money, to drive retail spending. Consumers are changing their purchasing patterns in response to inflationary...
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Analyst Opinions
Top Trends in Foodservice – Industry Insights
Top Trends in Foodservice Report Overview The foodservice industry has rebounded from the pandemic and has drastically changed consumer behaviour vis-Ã -vis, placing orders, payment options, food choices, and consumption patterns. Asia remains the largest foodservice market globally, with the second-highest transaction growth because of the integration of technology in foodservice operations. This is making it easier and more efficient to order food, access a wider range of choices, and have food delivered from a digital device. The trends in the...
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Track & Monitor
NewEurope Retail Market Review by Sector, Country and Consumer Insights, Q1 2024 Update
Europe Retail Market Report Overview The European retail market size was EUR 4,069.6 billion in 2023. The European retail market is forecast to have a CAGR of more than 3% among all continents between 2023 and 2028. Â As a result of the high inflation and economic uncertainties experienced throughout Europe, consumers have become more likely to cut costs, especially on purchases of non-essential goods. Europe Retail Market Outlook 2023-2028 (EUR Billion) Buy the Full Report for More Insights into the...
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Product Insights
United Kingdom (UK) Household Insurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Household Insurance Market Overview The United Kingdom (UK) household insurance market research report offers insights into the household insurance scenario within the private insurance market and how it is influenced by upcoming regulatory changes and volatility in the economy. It also ascertains how newcomers and insurtechs are disrupting and driving innovation in the country’s insurance industry. The report enables clients to identify the effects of emerging technologies such as artificial intelligence and autonomous vehicles on the United...
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Product Insights
United Kingdom (UK) Private Motor Insurance Distribution Dynamics and Future Market, 2023 Update
UK Private Motor Insurance Market Overview The UK private motor insurance market research report offers insights into the motor insurance scenario within the private insurance market and how it is influenced by upcoming regulatory changes and volatility in the economy. It also ascertains how newcomers and insurtechs are disrupting and driving innovation in the country’s insurance industry. The report enables clients to identify the effects of emerging technologies such as artificial intelligence and autonomous vehicles on the UK private motor...
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Thematic Analysis
Customer Loyalty in Retail and Apparel – Thematic Intelligence
Customer Loyalty in Retail and Apparel Thematic Overview In retail, customer loyalty is an important parameter for any retailer’s success in today’s competitive landscape. However, it is challenging to retain customer loyalty as there is a plethora of retailers to choose from. In addition, the prevalence of online shopping allows consumers to easily compare retailers’ propositions and pick the most suitable product based on factors such as price, product, or experience. It is more expensive for retailers to acquire new...