Retail Automation Market Size, Global Trends, Sales Revenue, Emerging Opportunities, Competitive Landscape, Development Strategy and Potential of the Industry Till 2023
Dec 4, 2018
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 - December 4, 2018 /MarketersMedia/ —
Market Highlights
The study reveals that retail automation is trending in North America region. The retail automation demand is growing very rapidly as the technological advancements in retail industry are influencing retail touch points and retail tech. It provides improved service to the customer at a very low cost. These services have changed the buying experience. There are various factor that drives the market growth such as demand of customers to improve the service quality, appreciation for automation in retail and others.
In North America region, the retail automation has been growing exponentially in last five years. The RFID technology has driven smart card system which offers the purchasing power of the customers without bothering about tickets. Moreover, the retail automation provides a path for the national brand and retailers to make the sales channels. These sales channel will reach to each customers in an innovative way. In U.S., Point of Sale retail was estimated to be maximum revenue of about 92 percent of total retail dollar volume in 2013.
The global Retail Automation Market is growing rapidly over ~11 % of CAGR and is expected to reach at USD ~ 18 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Retail automation Market Research Report -Forecast to 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.
Segmentation
The global retail automation market has been segmented based on type, component, and end users. By type, the market has been segmented into Electronic Shelf Labels, Point of Sale, Automatic Storage and Retrieval, Barcode & RFID, Autonomous Guided Vehicle, Automated Conveyor, and others. By component, the market has been segmented into hardware, software, services, and others. By end users, the market has been segmented into Hypermarkets, Supermarkets, Single Item Stores, Fuel Stations, Retail Pharmacies, and others.
Regional Analysis
The global retail automation market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World. North America is dominating the global retail automation market owing to a reduction in the price of RFID systems which makes them more affordable and attracts investment from organizations. Moreover, rising purchasing power and economic progress have resulted in the adoption of retail automated products and services for business transactions. The outlook of the Europe retail automation market is positive. Establishment of various retail chains and multiple product lines in Europe has helped in the consolidation of the market. The market in Asia Pacific is gaining traction due to the existing growth opportunities in the economies of India, Japan, and China. The market in the Rest of the World is expected to exhibit moderate growth.
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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
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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 454283
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