PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363853
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363853
The Retail Automation market refers to the application of various technologies and solutions to automate and streamline retail operations and processes. It involves the use of innovative technologies such as artificial intelligence (AI), machine learning (ML), robotics, Internet of Things (IoT), and data analytics to improve efficiency, enhance customer experience, optimize inventory management, and drive overall operational effectiveness in the retail industry. The major driving factors for the Global Retail Automation Market are rising retail sales and changing consumer preference. Moreover, rising demand for automation and growing digital payment is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
According to Phononic's "Store of the Future Report" in 2019, an overwhelming majority of Americans (86%) expressed their belief that mobile apps would enable them to scan groceries while shopping and make payments through an app within the next five years. Grabango, a technology company, is actively collaborating with three of the top thirty grocers listed in Progressive Grocer's Super 50 and one of the top 10 convenience stores. When a shopper enters the store, Grabango assigns them a "virtual basket." The company utilizes its proprietary hardware called "G rails," which consists of a large number of low-cost sensors placed along the aisles to facilitate this process. However, the high cost of Retail Automation stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Retail Automation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is a dominating market for Retail Automation, driven by the advanced retail industry, technological innovation, and the presence of major retail automation solution providers. The United States and Canada are key contributors to the market in this region. The adoption of technologies such as self-checkout systems, electronic shelf labels, and inventory management solutions is high in this region. Asia Pacific is a rapidly growing market for Retail Automation, fueled by the increasing urbanization, expanding retail sector, and rising consumer demand. Countries like China, Japan, India, South Korea, and Australia are key contributors to the market in this region. The adoption of technologies such as self-service kiosks, mobile payments, and smart vending machines is on the rise.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable