Global Retail Automation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global retail automation market in its upcoming report titled, “Global Retail Automation Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global retail automation market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global retail automation market report has been segmented on the basis of product type, implementation, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Integration of automated systems and technology to manage and carry out various retail activities such as billing, product handling, workforce management, store audit, etc. is known as retail automation. Retail automation saves on labor cost and provides efficient customer service and higher customer satisfaction.
Rapid development in retail sector and increasing demand for automated systems for various retail process are major factors driving growth of the global retail automation market. In addition, increasing adoption of internet of things, connected devices, and smartphones is another factor further driving growth of the global market to a significant extent over the forecast period. Moreover, increasing retail outlets across the globe is another factor fueling growth of the global market.
High capital investment is a major factor hampering growth of the global retail automation market. In addition, increasing number of online stores is a factor that is expected to restrain market growth to a certain extent over the forecast period. Increasing adoption of artificial intelligence and rising adoption of augmented reality are factors expected to create lucrative opportunities for major vendors in the global market over the forecast period.
The market in North America accounts for highest revenue share in the global retail automation market and is expected to maintain its dominance over the forecast period. Presence of major manufacturers and large consumer base are major factors driving growth of the North America retail automation market. The Europe retail automation market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period. The Asia Pacific retail automation market is expected to witness highest growth and is projected to register a CAGR of XX.X% over the next 10 years. This growth can be attributed to rapid development in retail sector in countries in this region.
Global retail automation market segmentation:
Segmentation on the basis of product type:
- Barcode and RFID
- Electronic Shelf Labels
- Autonomous Guided Vehicles
Segmentation on the basis of implementation:
Segmentation on the basis of end-user:
- Convenience Stores
- Fuel Stations
- Retail Pharmacies
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Datalogic S.P.A
- Diebold Nixdorf Incorporated
- First Data Corporation
- Fujitsu Limited
- Honeywell International Inc.
- NCR Corporation
- Outerwall Inc.
- Toshiba Global Commerce Solutions, Inc.
- ZIH Corp.
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