Retail Automation Market Research Report’, the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place. The study is inclusive of a well-elaborated, extensive scrutiny of this industry alongside major parameters that may most likely have an influence on the market commercialization matrix.
Retail automation assist in processing a triggering responses, communicating with other digital systems transaction, and manipulating data. The implementation of this software offer benefits such as lower operational risk, reduced cost, better customer experience, and improved efficiency.
Global retail automation market was valued at USD 15.29 billion in 2021 and is expected to reach USD 34.23 billion by 2029, registering a CAGR of 10.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Definition
Retail automation refers to the type of technology that operates as a fully automatic retail stores with the integrations of software. The retail automation consumes less time in purchasing and consumers can browse the products using a touchscreen interface. The retail automation enables the selection of the product of their choice to proceed to pay for it using debit or credit card.
REPORT METRIC
Forecast Period - 2022 to 2029
Base Year – 2021
Historic Years - 2020 (Customizable to 2014 - 2019)
Competitive Landscape and Retail Automation Market
The retail automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to retail automation market.
Future Outlook and by Top Key Players Analysis
· Datalogic S.p.A.
· First Data Corporation
· FUJITSU
· Honeywell International Inc.
· NCR Corporation
· Zebra Technologies Corp.
· Pricer AB
· Posiflex Technology, Inc.
· Diebold Nixdorf Incorporated
· Toshiba Global Commerce Solutions
· E&K Automation GmbH
· KUKA AG
· Olea Kiosks Inc.
· inMarket
· POS Company
· AGS Transact Technologies Ltd.
· Fametech Inc.
· SeePoint, LLC
· Arkrobot
· GreyOrange pte ltd.
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Market Report Offerings in a Gist:
** A thorough reference of the dominant trends as well as relevant market dynamics
** Elaborate analysis and reference of core products and dynamic segments
**A thorough analysis of the competition spectrum and winning strategies of the major players
**PESTEL and SWOT analysis besides other analysis
The report is designed to offer remarkable breakthroughs pertaining to distribution and supply chain operations, besides also showcasing logistics angle. The report is designed to highlight crucial details on key competition trends, popular sales channels as well as other growth instigating parameters, crucial for growth. The report also identifies the segment with most promising growth potential and revenue boosting capabilities.
Retail Automation Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Shift in Company Business Operations
The rise in shift in company business operations because of the pandemic-induced work-from-home is one of the major factors driving the growth of retail automation market. Also, the integration of cognitive technologies along with change in business processes across enterprises has a positive impact on the market.
Need for Automating Redundant Tasks
The increase in need for automating redundant tasks accelerate the market growth. Automation induces execution, arrangement of the large volume of data in less time and quick implementation compared to mechanical procedure and reduces overhead expense for enterprises.
Adoption of Advanced technologies
The rise in integration of retail automation with machine learning to help in advancing the capabilities of software bots further influence the market. Artificial Intelligence (AI) in RPA offers enhanced business insights, and improved data integrity.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the retail automation market.
Opportunities
Furthermore, emergence of industry 4.0 extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for robotic process automation in the logistics industry will further expand the market.
Restraints/Challenges
On the other hand, the dependency on the internet and electricity and lack of awareness are expected to obstruct market growth. Also, lack of skilled personnel is projected to challenge the retail automation market in the forecast period of 2022-2029.
This Global retail automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on retail automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Key Segmentation: -
Component
Hardware
· Barcode Scanner
· Vending Machines
· E-Pos Systems
· Self-Scan Checkout Systems
· Others
Software
· Supply Chain and Inventory Managements Software
· Workforce Management Software
· Retails Apps and Online Store Applications
Type
· Point of Sales
· Barcode and RFID
· Electronic Shelf Labels
· Cameras
· Autonomous Guided Vehicle
· Automatic Storage and Retrieval System
· Automated Conveyor
· Warehouse Robotics
· Others
Implementation
· On-Store Premise
· On-Warehouse
End User
· Hypermarkets
· Supermarkets
· Single Item Stores
· Petrol Pumps/Fuel Stations
· Hospitality
· Retail Pharmacies
Retail Automation Market Regional Analysis/Insights
The retail automation market is analysed and market size insights and trends are provided by country, component, type, implementation and end user as referenced above.
The countries covered in the retail automation market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
Asia-Pacific dominates the retail automation market because of the high penetration rate of process management and automation solutions among enterprises within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the proliferation of technology in the region.
Table of Content:
Chapter 1: Retail Automation Market Overview
Chapter 2: Retail Automation Market Economic Impact
Chapter 3: Competition by Manufacturer
Chapter 4: Production, Revenue (Value) by Region (2022-2029)
Chapter 5: Supply (Production), Consumption, Export, Import by Regions (2022-2029)
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: market Analysis by Application
Chapter 8: Retail Automation Market by Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Retail Automation Market Geographic Analyses
Chapter 11.1: North America
Chapter 11.2: Europe
Chapter 11.3: Asia-Pacific
Chapter 11.4: South America
Chapter 12: Retail Automation Market Effect Factors Analysis
Chapter 13: Retail Automation Market Forecast (2022-2029)
Chapter 14: Related Reports
Chapter 15: Appendix
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Queries Related to the Retail Automation Market:
· Which application segments will perform better and achieve success in worldwide through the forecast years?
· What are the key factors driving the market growth?
· Who are the key vendors in this Industry?
· Which are the impressive business sectors where best players want their own expansion in future?
· What are the market dynamics?
· What are the limits ruining the development rate?
· What is the focused circumstance to advance development?
· What are the opportunities and threats faced by the performers in the global market?
· What are the development rates for this Industry?
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