Global Smart Retail Market report Overview
Each and every insight presented in the report was published by an expert group of Maximize Market Research, which is derived from primary interviews with top officials from leading companies in the domain concerned. The report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the Smart Retail industry. In the report, Smart Retail Market reports, industry trends have been explained on the macro level, which is expected to help to find an outline market landscape and probable future issues.
Market Projection:
The Smart Retail Market size was valued at US$ 29.27 Bn. in 2022 and it is expected to reach US$ 111.19 Bn by 2029, at a CAGR of 21% through out the forecast period.
Smart Retail Market Report Scope and Research Methodology
The goal of the Smart Retail market report is to help consumers to gain more information and a clearer understanding of the industry. The global Smart Retail market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
- The global Smart Retail market overview and the analysis of several affecting elements such as drivers, restraints, and opportunities.
- Porter’s Five Force Analysis and SWOT analysis are used to define, characterize, and analyze the Smart Retail market competition landscape, with a focus on global key players.
- Extensive analysis of the global Smart Retail competitive landscape
- Identification and analysis of micro and macro elements that influence and is expected to influence the Smart Retail market growth.
- A comprehensive list of major market players in the global Smart Retail industry.
- In the global Smart Retail market, it provides a descriptive study of demand-supply chaining.
- Statistical study of certain key economic statistics
- Figures, charts, graphs, and illustrations are used to clearly describe the Smart Retail market.
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Smart Retail Market Segmentation:
by Solution
Hardware
Software
According to Solution, with a 64% market share in 2022, the hardware category led the industry. In order to give customers a seamless in-store purchasing experience, augmented reality (AR) and virtual reality (VR) devices, point of sale (POS) systems, Bluetooth beacons, and radio frequency identification (RFID) systems are being used more and more. Throughout the forecast period, these factors are propelling the market’s expansion.
Over the course of the projection period, the software segment is anticipated to increase at a CAGR of 26.3%. In order to enhance consumer loyalty and the shopping experience, more and more merchants worldwide are implementing analytics software to comprehend the unique requirements and behaviors of end users. Over the course of the forecast period, these factors are anticipated to propel the expansion of the smart retail market.
by Distribution Channel
Visual Marketing
Smart payments
Smart label
Others
Distributed by Chanel With a 32% market share in 2022, the visual marketing category led the industry. In order to maintain client attention, retailers view attractive storefronts, digital signage, indoor displays, and cutting-edge lighting and visual marketing as essential components of smart retail solutions. Attracting millennials has benefited greatly from social media marketing. It enables merchants to concentrate on offering a seamless buying encounter with the least amount of disturbance to social media. The market segment’s expansion is being propelled by these factors.
by Application
Foot-traffic Monitoring
Inventory Management
Loyalty Management and Payment
Predictive Equipment Maintenance
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Smart Retail Market Key players:
1. IBM
2. Intel Corporation
3. Cisco Systems Inc.
4. NXP Semiconductors N.V.
5. Microsoft
6. Huawei Investment & Holding Co. Ltd
7. NVIDIA Corporation
8. Samsung Electronics
9. Google Inc.
10. PTC Inc.
11. Trigo
12. Standard Cognition
13. Caper Inc.
14. Zippin
15. Walmart Inc.
16. Alibaba Group Holding Limited
17. Amazon.com Inc.
18. Albert Heijn BV
19. LOTTE
20. Estimote Inc.
21. AWM SMART SHELF
22. Smartcart
23. Cozy Infosystems
24. Focal Systems Inc.
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Key questions answered in the Smart Retail Market are:
- What are Smart Retail?
- What was the Smart Retail Market size in 2022?
- What is the expected Smart Retail Market size by the end of the forecast period?
- What are the global trends in the Smart Retail Market?
- What are the upcoming industry End-Use Industry and trends for the Smart Retail Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Smart Retail Market?
- How is the intervention from regulatory authority shaping the Smart Retail Market?
- What growth strategies are the players considering to increase their presence in Smart Retail?
- Who are the leading companies and what are their portfolios in Smart Retail Market?
- What are the major challenges that the Smart Retail Market could face in the future?
- Who held the largest market share in Smart Retail Market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- 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 segments with their sub-segments and region
- 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
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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