Our primary market is designed for the global retail market is estimated to be US$1.7 Trillion by 2018 of which online apparel sales are expected to account for greater than 8% providing a market opportunity exceeding US$ 136 Billion. Current statistics reflect sales in stores stagnating, while online sales such as Amazon, Alibaba and the multitude of other online merchants are growing year on year. The biggest trend in the global retail market is this steady climb of online sales that are growing at 17% year on year (YoY). It is apparent that customer habits are transforming from the traditional in-store shopping to e-commerce with a breakdown of sales by gender being: 50% Women, 33% Men and 17% for Children.
More and more interest is also being shown from a secondary market for the gaming industry using VR, AR & MR so that gamers can create exact double images and enter games as themselves and could equal the revenue streams of online shopping. However, our BP is focused solely on the Retail Market at this time.