Retail Automation Market size was valued at USD 15.5 Billion in 2021, registering a CAGR of 11.2% during the forecast period (2022-2030), and the market is projected to be worth USD 40.3 Billion by 2030.
Automating, streamlining, and streamlining laborious and repetitive operations is what retail automation does. Mobile applications, touch point of sale (POS) terminals, service kiosks, and self-checkout systems are all included. It is simple to use, saves time, and lowers operating costs. In addition, it aids in raising productivity, decreasing human error, optimising customer experience, and maintaining real-time data updates. To deliver deep insights from company measurements for growth prospects and boost total sales, prominent companies are integrating data intelligence today.
Retail Automation Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Hardware, Software.), By Type (Point-of-Sale (POS), Barcode & RFID, Electronic Shelf Label (ESL), Camera, Autonomous Guided Vehicle (AGV)), By Implementation (In-store, Warehouse), By End User (Supermarkets and Hypermarkets, Single Item Stores, Fuel Stations, Retail Pharmacies) and companies (Probiz Technologies Prvt, Sea Point China Limited, Simbe Robotics Inc. and Zebra Technologies Corporation, AGS Transact Technologies Ltd., Diebold Nixdorf Incorporated, Fiserv Inc., Fujitsu Limited, Honeywell International Inc., NCR Corporation, Olea Kiosks Inc, Posiflex Technology Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 11.2%, over the forecast period of 2022–2030.
The increased adoption of Retail Automation in the Semiconductors industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Retail Automation also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Retail Automation in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||40.3 Billion|
|By Component||Hardware, Software.|
|By Type||Point-of-Sale (POS), Barcode & RFID, Electronic Shelf Label (ESL), Camera, Autonomous Guided Vehicle (AGV).|
|By Implementation||In-store, Warehouse.|
|By End User||Supermarkets and Hypermarkets, Single Item Stores, Fuel Stations, Retail Pharmacies.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Probiz Technologies Prvt, Sea Point China Limited, Simbe Robotics Inc. and Zebra Technologies Corporation, AGS Transact Technologies Ltd., Diebold Nixdorf Incorporated, Fiserv Inc., Fujitsu Limited, Honeywell International Inc., NCR Corporation, Olea Kiosks Inc, Posiflex Technology Inc.|
The COVID-19 pandemic has had a substantial negative influence on the Retail Automation market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Probiz Technologies Prvt, Sea Point China Limited, Simbe Robotics Inc. and Zebra Technologies Corporation, AGS Transact Technologies Ltd., Diebold Nixdorf Incorporated, Fiserv Inc., Fujitsu Limited, Honeywell International Inc., NCR Corporation, Olea Kiosks Inc, Posiflex Technology Inc.
Market Segment Analysis:
- Barcode Scanner
- Vending Machines
- E-Pos Systems
- Self-Scan Checkout Systems
- Supply Chain and Inventory Managements Software
- Workforce Management Software
- Retails Apps and Online Store Applications
- Point-of-Sale (POS)
- Barcode & RFID
- Electronic Shelf Label (ESL)
- Autonomous Guided Vehicle (AGV)
By End User
- Supermarkets and Hypermarkets
- Single Item Stores
- Fuel Stations
- Retail Pharmacies
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Retail Automation industries in the region.
Key Retail Automation Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Retail Automation Market segments.
– Largest Market Share Held by Industry to Industry for Retail Automation
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Retail Automation Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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