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FTI Says US Online Retail Sales Likely To Surpass $1 Trillion By 2027

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The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. The firm expects eCommerce to grow from the current figure, $445 billion, as consumers continue to move away from traditional retailers.

Retail 114
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Today In Data: All Digital, All The Time, Everywhere

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trillion: Estimated value of the global digital payments market by 2027. 60: Approximate number of nations that, as of November 2018, were pursuing a digital identity plan. 100 million: The expected installed base for smart speakers by the end of 2018 – 2.5 times the installed base at the same time in 2017.

Data 151
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AI/BOTS: Artificial Intelligence’s Impact On Jobs

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As more chatbots enter the enterprise arena, as well as the retail industry, for customer service needs, this concept has morphed from fantasy into reality. Earlier this year at the National Retail Federation’s Big Show, the hot topic of debate was how chatbots can be beneficial to consumers if implemented in the correct way.

Retail 121
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Can Mobile Solve A City’s Transit Payment Challenges?

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This risk is even greater now that the pandemic has upended normal shopping behaviors, driving an increasing number of consumers online to shop and pay, with retailers having experienced a 14.8 The pandemic is driving consumers online to shop and pay, and expansion of the payment gateway market shows no signs of slowing.

Mobile 181
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Are Mobile Payments Finally Ready To Ignite In Japan?

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It’s the market that should ignite but stubbornly refuses to. In the intervening several years, several forces, most notably the Japanese government, have actively pushed to get the nation off its cash addiction — and into digital payments. Its population is internationally renowned for being enthusiastic early tech adopters.

Mobile 154
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Chinese Advertising Generates $27B For TikTok’s ByteDance

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billion, about 33 percent of the 2019 market. billion by 2027. . Retail giant Walmart is looking to cash in on social commerce and has a tentative deal on the table for a 7.5 buyers when the Trump Administration tried to ban the app citing national security. In the first half of 2019, ByteDance brought in $7.6 operations.