PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1774014
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1774014
Retail Automation Market Introduction and Overview
According to SPER market research, 'Global Retail Automation Market Size- By Product, By Implementation, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Retail Automation Market is predicted to reach 65.77 billion by 2034 with a CAGR of 9.55%.
Retail automation involves using technology and software to simplify various retail tasks, such as managing inventory, customer service, checkout, and marketing. Its main aims are to boost efficiency, cut costs, improve customer experience, and increase sales through technologies like Artificial Intelligence, machine learning, robotics, and the Internet of Things. With automation, customers can scan and pay for items without cashiers, reducing wait times. Mobile point-of-sale systems also allow staff to handle transactions anywhere in the store, speeding up service.
Restraints:The increased usage of automation in the retail industry has resulted in an increase in cybersecurity vulnerabilities. As interconnected systems and digital platforms become more integrated into operations, bad actors exploit weaknesses to steal critical data and disrupt procedures. This increased risk places a tremendous burden on the retail automation industry, as businesses must ensure adequate security measures while embracing automation to streamline operations and improve customer experiences.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Implementation, By End-User
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered 6 River Systems LLC, Amazon Web Services, Inc, Casio Computer Co. Ltd, Datalogic S.p.A, Diebold Nixdorf, Inc, E&K Automation GmbH, ECR Software Corporation, Honeywell Scanning and Mobility, Kiosk & Display LLC, Kuka AG, NCR Corp, Pricer AB, Toshiba Global Commerce Solutions Inc, Wincor Nixdorf AG, Zebra Technologies Corp.
Global Retail Automation Market Segmentation:
By Product: Based on the Product, Global Retail Automation Market is segmented as; Point-of-Sale, RFID & Barcode, Camera, Electronic Shelf Label, Warehouse Robotics, Others.
By Implementation: Based on the Implementation, Global Retail Automation Market is segmented as; In-store, Warehouse.
By End-User: Based on the End-User, Global Retail Automation Market is segmented as; Hypermarkets, Single Item Stores, Supermarkets, Fuel Stations, Retail Pharmacies, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.