SPACEE Set to Redefine UAE's $58bn Retail Segment, Marks its Debut with Participation in GITEX Global
21, October 2021 - Dubai, UAE: The US-based SPACEE, a golab leader in digital solutions, is all set to make a big-bang entry into the Middle East at the 41st edition of GITEX Global, which started from October 17 at Dubai World Trade Centre. Gitex will see the coverage of over 400 international innovators in artificial intelligence, 5G, cloud, big data, and blockchain from over 140 countries.SPACEE will present its virtual touch technology at this much-awaited international event in the UAE.
As per the Dubai Chamber of Commerce and Industry, the UAE’s retail market is witnessing phenomenal growth with sales worth $58 billion expected this fiscal. The country’s retail e-commerce market also witnessed a 53 per cent year-on-year increase in 2020 to reach $3.9 billion. The retail sales are projected to grow at an impressive rate of 6.6 per cent to touch $70.5 billion by 2025. The e-commerce market, too, will be worth $8 billion during the same period, accounting for an 8 per cent share of the retail market.
With such projections, retailers are seeking to leave lasting impression on shoppers through destingished in-store experience. With SPACEE’s presence technology in the UAE, retailers can differentiate themselves, create positive trends, increase their market share, and boost sales. The US-based tech company has already helped its international clients, including Walmartbring the future of retail to their current stores by integrating the digital and physical without using phones, eyeglasses, ortablets, and without installing any technology on the actual surface. Its machine learning and AI-driven solutions, Sense and Deming, have ushered in a new era of frictionless customer experience and smart store operations. respectibely.
“The future of retail is here. Using light only, SPACEE transforms virtually any 2D or 3D surface, into an unbreakable touch screen. While customers get a deep personal connection with interactive products, retailers witness increased sales, reduced shrinkage and minimised labour costs,” says Skip Howard, Founder and CEO, SPACEE.
Halim El Roumi, the regional director AMEA at Spacee said, “Spacee’s innovative solutions seek to help the UAE retailers get a better insight into customer behaviour and performance of products. We offer retailers the opportunity to replace the antiquated, traditional retail tools with intelligent and innovative technology . It is all about increasing sales and the bottom line. We have done that in other regions in the world as well and now, we are excited about our launch in the UAE. We are looking look forward to fostering meaningful relationships with businesses here.”
Founded in 2013, SPACEE will be making its UAE debut with two stands at GITEX Global — Disrupt x and Dell. The five-day global event will also witness the American company forge futuristic partnerships and engage with top global innovators on transformational technologies.
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