As per this study the Global Retail Automation Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Retail automation refers to the self-serving standalone kiosks that operate automatically to deliver retail items by using the appropriate software. It uses the technology that automates the supermarket, hypermarket, pharmacies, convenience stores, and fuel stations. Retail automation enhances store productivity by product handling and workforce management, at heavy traffic locations such as airports, malls, transit hubs, etc.
The growing need of business automation for centralized monitoring for enhancing productivity is driving the market growth. Rising adoption of IoT based services across the retail sector is again fueling the market growth. Also, growing demand for business optimization and improvement in service quality is boosting the market growth. In addition to this, an increase in purchasing power, and economic progress has resulted in the rapid adoption of automated products across the retail sector. However, high initial investment along with constant monitoring to the self-service kiosk is restraining the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of retail automation.
The broad retail automation market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Point Of Sale
- Barcode & RFID
- Storage And Retrieval System
- Single Item Store
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for retail automation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Retail Automation Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the retail automation market include Carrenza, CASIO COMPUTER CO., LTD., Datalogic S.P.A, Diebold Nixdorf, Incorporated, ECR Software Corp, EMARSYS, First Data Corporation, Fujitsu Limited, Future Way Technical Services LLC, Honeywell International Inc., NCR Corporation, Outerwall Inc. and Pricer among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.