Shopping [New] Voice shopping in the U.S. and U.K. generates around $2 billion in sales today, and is projected to grow as much as 20 times by 2022. As early as next year, 100 million consumers will be shopping with the help of AR both online and in-store. Mobile usage will grow 60% this year for back-to-school shopping, up from 53% last year. Back-to-school shoppers will make the majority of their purchases, 56% of consumers said they will be shopping in-store this year, compared to 29% that said they plan to make purchases online. 31 million people in the US will shop via a smart speaker this year, up 31.6% from 2018, with 13% of US homes currently owning a smart speaker. Voice assistant shopping, in which users make purchases using a smart speaker and their voice, is expected to will reach $40bn by 2022, a significant increase from from $1.8bn in 2018 in the US and $0.2bn in the UK. Count of users using online websites for shopping is projected to increase by 2021. Ecommerce sales are expected to double in the next five years, with the average American shopper already spending over 24 percent more online than they were two years ago. As many as 100 million consumers will shop in AR online and in-store by next year, and 46 percent of retailers plan to deploy either AR or VR solutions by then. The value of mobile payment transactions authenticated with biometrics is projected to shoot up between now and 2023, with more than two-thirds of global shoppers willing to use biometrics to secure their payment transactions. The average online shopper spending in the whole of Europe was 1,346 euros last year and is forecasted to grow to 1,464 euros by the end of this year. 31 million people in the U.S. will shop via smart speakers this year -- an increase of 32% from a year ago. Recent research by Gartner suggests by next year, 100 million consumers will be using augmented reality and virtual reality technology to shop online and in-store. Online grocery sales are expected to increase by nearly half in the next four years (IGD), providing further opportunities for growth. Social shopping in China is expected to reach 15% of online sales by 2022, up from 8.5% in 2017. FedEx is projecting growth in online shopping will double the number of packages shipped in the U.S. to 100 million a day by 2026. Voice shopping is expected to account for $40 billion in U.S. consumer spending by 2022. In the consumer realm, Gartner believes AR could be transformative for retail, projecting 100 million consumers will shop in AR online and in-store by 2020. With the growth in online shopping, FedEx expects shipments of small parcels in the U.S. to double by 2026. Voice shopping will grow to $40 billion-plus in 2022, up from about $2 billion today across the United States and the United Kingdom. See full forecast Last updated: 25 August 2019
