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The global retail automation market reached a value of US$ 15.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.3 Billion by 2027, exhibiting a CAGR of 9.59% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Retail automation is a process that automates, simplifies, and streamlines manual and repetitive processes. It includes service kiosks, self-checkout systems, mobile apps, and touch point of sale (POS) terminals. It is easy to access and saves time while reducing the cost of operations. Besides this, it assists in improving the in-store experience, enhancing efficiency, reducing human errors, improving customer experience, and keeping data updated in real-time. Nowadays, key players are integrating data intelligence to provide deep insights from business metrics for growth opportunities and increase overall sales.
Lockdown imposed by governments of several countries to limit the spread of the coronavirus disease (COVID-19) has disrupted business operations. As a result, enterprises across the globe are leveraging intelligent solutions, such as retail automation, to adapt to the current market scenario. Moreover, retail automation aids in addressing the challenges of safety concerns, sustained revenues, labor shortages, and supply chain management. This, coupled with the emerging automation trend, rising volume of data, and the growing focus on better customer experience, is driving the demand for retail automation. Apart from this, the increasing adoption of digital payments is positively influencing the use of wireless POS terminals in the healthcare, transportation, and sports and entertainment sectors worldwide. Furthermore, leading players are integrating radio frequency identification (RFID) technology to provide wireless fuel management and payment system at petrol stations. It streamlines downstream supply chain operations and assists oil companies in providing an infrastructure to cater to various demands of the customers. This, in confluence with the rising sales of passenger vehicles and the increasing emphasis on automating petroleum outlets, is catalyzing the adoption of retail automation around the world.
IMARC Group provides an analysis of the key trends in each sub-segment of the global retail automation market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type, implementation and end user.
Breakup by Type:
Breakup by Implementation:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGS Transact Technologies Ltd., Diebold Nixdorf Incorporated, Fiserv Inc., Fujitsu Limited, Honeywell International Inc., NCR Corporation, Olea Kiosks Inc, Posiflex Technology Inc., Probiz Technologies Prvt, Sea Point China Limited, Simbe Robotics Inc. and Zebra Technologies Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Implementation, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AGS Transact Technologies Ltd., Diebold Nixdorf Incorporated, Fiserv Inc., Fujitsu Limited, Honeywell International Inc., NCR Corporation, Olea Kiosks Inc, Posiflex Technology Inc., Probiz Technologies Prvt, Sea Point China Limited, Simbe Robotics Inc. and Zebra Technologies Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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