Archive · 21 Aug 2025
SAP: Tech Agility Essential for Retail's Future Success
Retail stores must be able to quickly change their ways of selling to keep up with what customers want and what is happening in the world.
SAP says technology is very important for this.
They are working on new tech for stores, like a special store in India where shopping is easy with new technology.
Businesses are expected to spend more and more on tech in retail.
This new tech helps stores try out new ideas without big risks and it keeps customers happy.
SAP's André Bechtold says retailers need tech agility.
Global IT spending in retail is forecast to reach $283.8 billion by 2029.
Retailers must adapt quickly to changing market conditions.
SAP and Compass Group India created the S-Market in Bengaluru, India.
S-Market offers a frictionless shopping experience and tests retail technologies.
- Who
- SAP's André Bechtold and Compass Group India are key figures.
- What
- Retail businesses need technological agility.
- When
- IT spending in retail is forecast through 2029.
- Where
- The S-Market is in Bengaluru, India, with over 26 global experience centers.
- Why
- To stay competitive and adapt to market changes.
- Main Topic
- Retail Technology
- Company
- SAP
- Key Figure
- André Bechtold
- IT Spending Forecast
- $283.8 billion by 2029
- Partnership
- SAP & Compass Group India
- Location
- Bengaluru, India