Introduction
According to Mordor Intelligence, the global retail industry is expected to register a CAGR of 5.3% during the forecast period of 2018 to 2023.
The retail market is mature and highly competitive in the developed economies of Europe and North America. On the other hand, the developing economies of Asia-Pacific, Middle East and Latin America have been instrumental in driving market growth, a trend that is expected to continue throughout the forecast period.