Retail Automation Market size was valued at $34.96 Billion in 2022, and is projected to reach $72.79 Billion by 2030, growing at a CAGR of 9.6%.
Many people believe that retail automation is the way of the future. The system was created to automate many manual procedures in the retail industry, such as bookkeeping, inventory management, and accounting.
The retail automation market is projected to be driven by a focus on better customer service.
Retail automation is expected to grow in popularity over time as a result of various benefits it provides, including cheap cost, precision, speed, and high-quality performance.
One of the primary factors driving market expansion is the adoption of automated technology in the retail business.
Retail automation is a sort of technology that allows for completely automated retail establishments with software integration. Retail automation saves time in the checkout process, and customers can peruse products using a touchscreen interface. The retail automation allows customers to choose the goods they want and then pay for it using a debit or credit card.
Retail automation is described as the application of technology in the retail industry to automate retail outlets and aid in the exchange of goods and services with the general public. Grocery stores, service providers, and internet distributors make up the majority of the industry. Vending machines, service kiosks, self-checkout, retail kiosks, and other examples of retail automation that help increase efficiency and reduce labour include vending machines, service kiosks, self-checkout, retail kiosks, and many others. It has aided the growth of the Retail Automation Market by providing numerous benefits such as brand preservation, increased operational efficiency, and improved customer experience.
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Global Retail Automation Market: Segmentations
By Key Players
- Diebold Nixdorf, Incorporated
- Fiserv, Inc.
- Fujitsu
- Honeywell International Inc.
- KUKA AG
- NCR Corporation
- Toshiba Global Commerce Solutions
- Zebra Technologies Corporation
- First Data Corporation
- Pricer AB
- Probiz Technologies Prvt Ltd.
- Olea Kiosks Inc.
- AGS Transact Technologies Ltd.
- Fametech Inc.
- SeePoint, LLC
- Simbe Robotics, Inc.
- Arkrobot
- Samsung Electronics Co. Ltd.
- GreyOrange pte ltd.
- Xerox Corporation
- Tecsys Inc.
- Optimove Inc.
- Focus Softnet FZ LLC
- Future Way Technical Services LLC
- QR Retail Automation (Asia) Sdn Bhd
- Microlistics
- Napse
- Vinculum Solutions Pvt. Ltd.
- Infoplus
Based On Component:
- Hardware
- Barcode Scanner
- E-POS Systems
- Self-Scan Checkout Systems
- Vending Machines
- Software
- Supply chain and Inventory Management
- Workforce Management software
- Retails Apps and Online store application
- Services
Based On Type:
- Point-of-Sale (POS)
- Self-Checkout System
- Interactive Kiosk
- Barcode and RFID
- Electronic Shelf Label (ESL)
- Camera
- Automated Conveyor
- Automatic Storage and Retrieval System
- Autonomous Guided Vehicle (AGV)
- Warehouse Robotics
- Others
Based On Implementation:
- On-store Premise
- On-Warehouse
Based On End-User:
- Hypermarkets
- Supermarkets
- Single Item Stores
- Apparels
- Consumer electronics
- Gadgets
- Quick-service Restaurants
- Automotive
- Hospitality
- Fuel Stations
- Retail Pharmacies
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Table Of Contents (TOC)
- Introduction and Market Overview
- Executive Summary
- Trends, Outlook, and Factors Analysis
- Estimates & Historic Trend Analysis (2018 to 2021)
- Estimates & Forecast Trend Analysis, by Deployment
- Estimates & Forecast Trend Analysis, by Component
- Estimates & Forecast Trend Analysis, by Content Type
- Estimates & Forecast Trend Analysis, by End Use
- Analysis and Forecast, by Region
- North America Retail Automation Market: Estimates & Forecast Trend Analysis
- Europe Retail Automation Market: Estimates & Forecast Trend Analysis
- Asia Pacific Retail Automation Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Retail Automation Market: Estimates & Forecast Trend Analysis
- Latin America Retail Automation Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
Key Benefits
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Retail Automation Market
Frequently Asked Questions about the Global Retail Automation Market
- What is the estimated value of this Market?
- What is the growth rate of this Market?
- What is the forecasted size of this Market?
- Who are the key companies in the Global Retail Automation Market?
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