11/21/2022 0 Comments Augmented realtiy snake vs block![]() And during stressful times like these, policies have become stricter. Limited working hours – Unlike online shopping, shops have fixed business hours. ![]() Therefore, no consumer means loss in businesses which results in winding up of the business.ĥ. For SMEs, it may mean risking everything that they have. Money to setup- A brick and mortar retail store is always a costly investment. In times like these with limited resources and mass hoarding, the problem has become fourfold.Ĥ. Insufficient items- One recurring limitation of traditional retail business that you constantly face is items not in stock and you don’t find that out unless you visit it. Continuing with the above example, the more time you spend going through various compartments for production, time is wasted and the risk of contracting the disease increases.ģ. Compartmentalization- Although, this isn’t a problem but it can pose as one. While in this lockdown phase, people have to stay put and only go out to buy necessary items, there is always a threat of coming in contact with an affected person.Ģ. Travelling- The latest impact of the coronavirus pandemic on retail is a ubiquitous example. Here are some points that highlight the overall issue:ġ. Retail shops grew bigger, more people flogged in and the system became more organized. The problem with traditional retail marketingĮarlier marketing forms needed a makeover with time as so many technological developments and demand and supply for goods were increasing. Such Augmented Reality retail statistics prove how the market has accepted the technology and is exponentially growing with its help.īut before we move on to that, let’s see the problems with traditional retail marketing. When we narrow it down to Augmented Reality in retail, Wikitude approximates that 32% of shoppers are regular users of AR and 73% of smartphone AR users are highly content with the experiences. AR has permeated into (almost) every field which includes healthcare, gaming, entertainment, retail, digital marketing, education, utilities, et al. The Augmented Reality market has grown so colossal that predictions estimate its value to reach $61.4 billion by 2023. ![]()
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