Retail Automation Market Size, Development Strategy, Sales Revenue, Regional Trends, Competitive Landscape, Future Plans and Opportunity Assessment by 2023
Market Research Future published a research report on Retail Automation Market Research Report -Global Forecast 2023 Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – February 28, 2019 /MarketersMedia/ —
Market Overview
The outlook of the global retail automation market appears positive and is projected to attain USD 18 Billion by the end of 2023, asserts Market Research Future (MRFR) in a detailed research report. Automation has revolutionized the retail industry, and since retail drives the growth of several other businesses, the influence of automation has been substantial. Retail giants across the globe are investing in automated solutions for producing better output and creating an impact on the market which is boosting the growth of the market. Consumers, especially in the developed countries prefer buying from hypermarkets and malls and has been the main driving force behind automating retail chains. To match up to the elevated experience of consumers and challenged to sustain in the competitive environment profitably, local retail businesses are also adopting retail automation Moreover, automation provides the advantages of improved efficiency, streamline cash flow, improved customer and employee retention, and provision of consistent brand experience. The emergence of innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), machine learning, and digital traceability has also made an affirming impetus on the growth of the global Retail Automation Market. The growth in consumer spend and overall growth of the retail industry has attracted investments to this growth which has proven to be a plus for the market growth. However, a handful of factors could hamper the growth of the market over the forecast period. Maintenance of continuous supervision of retail kiosks, high dependency on electricity are possible restraints to the global retail automation market.
The global retail automation market is expected to grow at USD ~18 Billion by 2023, at ~11% of CAGR between 2017 and 2023.
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Key Players:
The prominent players in the global retail automation market are Fujitsu Limited (Japan), Toshiba Global Commerce Solutions Inc. (US), Honeywell Scanning and Mobility (US), Posiflex Technology, Inc. (Taiwan), E&K Automation GmbH (Germany), First Data Corporation (US), Kuka AG (Germany), Wincor Nixdorf AG (Germany), Zebra Technologies Corporation (US), NCR Corporation (US), and Kiosk & Display LLC (US) among others.
Segments:
The global Retail automation market has been segmented on the basis of type, components, end-users, and region.
Global Retail automation market by Type:
Electronic Shelf Labels
Point of Sale
Automatic Storage and Retrieval
Barcode & RFID
Autonomous Guided Vehicle
Automated Conveyor
Others
Global Retail automation market by Components:
Hardware
Software
Services
Others
Global Retail automation market by End-Users:
Hypermarkets
Supermarkets
Single Item Stores
Fuel Stations
Retail Pharmacies
Others
Global Retail automation market by Regions:
North America
Europe
APAC
Rest of the World
Regional Analysis
The regional analysis of retail automation market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in retail automation market as RFID systems are improving and tags are less expensive which helps the organizations to invest in the retail automation market. The retail automation market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for retail automation market and expected to be the highest CAGR in the coming years due to the high growth in infrastructural building projects in these region.
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Intended Audience
Semiconductor component manufacturers and distributors
Technology consultants and system integrators
Equipment distributors and suppliers
Research and development companies
Market research and consulting firms
Technology standards organizations
Technology investors
System Integrators
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 486957
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