Retail Automation Market size is expected to reach nearly US $ 32.86 Bn by 2029 with the CAGR of 10.94% during the forecast period.
Retail Automation Market Report Scope and Research Methodology
Maximize Market Research Pvt. Ltd., a leading market research firm, has released a comprehensive report on the Retail Automation Market, predicting substantial growth in the coming years. The market is expected to reach nearly US $32.86 billion by 2029, with a remarkable Compound Annual Growth Rate (CAGR) of 10.94% during the forecast period.
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The objective of the report is to present a comprehensive assessment of the market, offering insights, historical data, industry-validated market data, and projections based on a robust set of assumptions and methodology. It also aims to assist in understanding the dynamics of the Global Retail Automation Market, identifying market segments, and projecting the global market size.
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What are Retail Automation Market Dynamics?
The surging demand for retail automation can be attributed to the growing need for business optimization and enhancing service quality. Retail automation offers an integrated solution for managing various retail activities, including product handling, time & attendance, workforce management, task management, store audits, and more. This software enhances workforce productivity and store efficiency. Changing customer behaviors and increased product diversity are driving market growth.
The proliferation of the Internet of Things (IoT) and improved internet accessibility has enabled digital controls for retail automation. The retail industry is increasingly investing in technology to understand consumer behavior, driving the integration of automation. The trend towards cashless transactions is further boosting the retail automation market.
With the widespread use of smartphones and better internet access, significant opportunities for advancement in retail automation systems are expected, leading to a higher CAGR during the forecast period. Several end users, such as supermarkets, hypermarkets, convenience stores, fuel stations, and retail pharmacies, are adopting this technology, further fueling market growth.
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What is Retail Automation Market Regional Insight?
North America is expected to hold the largest share in the retail automation market during the forecast period. The region is set to witness high growth between 2023 and 2029, primarily due to the expansion of the global retail industry. In the U.S., annual retail sales have seen an average increase of 4.5% in 2022, establishing the country as a leader in the global retail sector. In Asia-Pacific, countries like China, Japan, and India are emerging as key markets for retail automation, driven by substantial infrastructural growth.
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What is Retail Automation Market Segmentation?
by Component
Hardware
Software
by Product
Point of sale
Barcode and RFID
ESL
Camera
AGV
ASRS
Automated conveyor
by Type
Vending machines
Service kiosks
Retail kiosk
Self-checkout
Retail apps
Retail operations
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Who are Retail Automation Market Key Players?
1. ZIH Corp.
2. Toshiba Global Commerce Solutions, Inc.
3. Pricer
4. Outerwall Inc.
5. NCR Corporation
6. Honeywell International Inc.
7. Fujitsu Limited,
8. First Data Corporation
9. Diebold Nixdorf, Incorporated.
10. Datalogic S.P.A
11. Casio Computer Co., Ltd
12. Qr Retail Automation (Asia) SdnBhd
13. ECR Software Corp
14. Carrenza
15. Xerox Corporation
16. Zebra Technologies Corp.
17. Posiflex Technology, Inc.
18. Probiz Technologies Pvt Ltd.
19. E&K Automation GmbH
20. KUKA AG
21. Olea Kiosks Inc.
Table of content for the Retail Automation Market includes:
- Retail Automation Market: Research Methodology
- Retail Automation Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Retail Automation Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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