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Thematic Analysis
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Augmented Reality (AR) in Travel and Tourism – Thematic Intelligence
Augmented Reality (AR) in Travel and Tourism Thematic Report Overview Augmented reality (AR) is a technology that allows the user to see the real world overlaid with digital data. As AR develops, it will help tourists have a better travel experience. It can perform various functions that reduce stress for travelers and enable a more informative journey. Translating signage, wayfinding, and checking luggage size are a few of the ways through which AR can improve the traveling experience. The ‘augmented reality...
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Sector Analysis
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Luxury Apparel Market Size, Trends and Analysis by Regional and Category Performance, Brands and Forecast to 2028
Luxury Apparel Market Report Overview The luxury apparel market size was $201.6 billion in 2023 and will grow at a CAGR of more than 5% during 2023-2028. In 2023, after two years of impressive growth propelled by pent-up demand post-pandemic, the global luxury apparel market began to taper as economic challenges in Europe and the US began to hit aspirational shoppers. However, the luxury apparel market demand will pick up again in 2025 as inflation rates begin to stabilize and...
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Thematic Analysis
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Personalization in Insurance – Thematic Intelligence
Personalization in Insurance Thematic Report Overview Insurance companies are recognizing the value of personalized policies to attract and retain customers. Insurers can personalize policies based on policyholder behaviors, preferences, and risk profiles, with unprecedented accuracy by leveraging AI and machine learning algorithms. Personalized policies not only provide customers with coverage that meets their specific requirements but also demonstrate an understanding of their unique circumstances, fostering trust and loyalty. The ‘Personalization in Insurance’ thematic intelligence report gives you an in-depth insight...
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Thematic Analysis
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Wealth Management Sector Scorecard – Thematic Intelligence
Wealth Management Sector Scorecard Thematic Intelligence Report Overview The wealth management sector must continuously invest in key themes to capture more market share. Digital investment platforms with the infusion of emerging technologies, such as artificial intelligence (AI) and machine learning, can offer customers efficient personalized services. This will not only help players retain customers but also gain a competitive advantage. Environmental, social, and governance (ESG) services remain a key theme in the wealth space, accelerated due to the pandemic. Wealth...
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Thematic Analysis
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Premiumization in Travel and Tourism – Thematic Intelligence
Premiumization in Travel and Tourism Thematic Report Overview Premiumization refers to the process of elevating products, services, or experiences to a higher quality and offering luxury and exclusivity. It is influenced by factors such as age, lifestyle, experiences, and income. To effectively implement premiumization strategies, players are focusing on the preferences of the target audience and market dynamics. Businesses need to understand the unique wants and expectations of customers to offer products or services that reflect and align with their...
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Analyst Opinions
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Experience Economy – Consumer TrendSights Analysis, 2023
Experience Economy - Consumer TrendSights Report Overview Consumers branch out of their routine products and look for products based on the added experience they provide. As shopping for fast-moving consumer goods is becoming an increasingly standardized experience, a rising number of consumers are looking for something more than just the physical product itself. The "Experience Economy" consumer trendsights research report focuses on how consumers are becoming less materialistic and starting to look for more immersive experiences. The trend is part...
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Analyst Opinions
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Wellbeing – Consumer TrendSights Analysis, 2023
Wellbeing - Consumer TrendSights Report Overview Wellbeing captures an “umbrella” of needs and lifestyle choices that consumers make to address physical and emotional health. Concern for wellbeing remains heightened post-pandemic, with increased consumption of online content intensifying the focus on physical and mental health and wellness. Consumers have become increasingly aware of what they consume, with an increased attentiveness towards ingredients and proactively making lifestyle choices to maintain wellbeing. Wellbeing propositions vary between categories, depending on the application of the...
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Analyst Opinions
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Sustainability and Ethics – Consumer TrendSights Analysis, 2023
Sustainability and Ethics - Consumer TrendSights Report Overview Sustainability and ethics is one of the eight mega-trends in GlobalData's TrendSights framework. The sustainability & ethics mega-trend consists of 8 more specific trends, which form the basis of consumer behavior. Environmental challenges such as climate change, deforestation, and increasing landfill waste are serving as a global wake-up call as societies gradually adapt to more sustainable patterns of consumption and production. The sustainability and ethics mega trend is mounting awareness and concern...
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Sector Analysis
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United Kingdom (UK) Summer Retail Market – Analyzing Trends, Consumer Attitudes, Occasions and Key Players
United Kingdom (UK) Summer Retail Market Report Overview Summer shopper penetration rises in the UK but fails to reach pre-pandemic levels in 2023 although the proportion of people shopping for summer has increased across both retail and leisure. Inflation led most consumers to spend more when compared to the summer of 2022, despite buying the same number of products in both years. With food inflation persistently high, older consumers who purchased food & drinks more than other categories in 2023...
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Sector Analysis
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United Kingdom (UK) Back to School Retail Market – Analyzing Trends, Consumer Attitudes, Occasions and Key Players
United Kingdom (UK) Back-to-School Retail Market Report Overview Significant inflation across school uniform products forced consumers to spend more on back-to-school retail despite the best efforts of retailers. To deal with the situation, consumers have attempted to cut down their spending by purchasing secondhand items. This has been facilitated by a rise in secondhand sales and pop-up stores across the country, to help consumers battle the cost-of-living crisis. The increased popularity of sites such as Vinted has also supported secondhand...
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