The “Retail Automation Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Retail Automation market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
Global Retail Automation Market is anticipated to reach
USD 19.17 billion by 2025. Retail automation implies the usage of machinery and
smart devices to undergo customized operational procedures in order to decrease
the cost and improve the efficiency. Retail automation offers an integrated
tool to carry out the retail activities such as time & attendance, product
handling, workforce management, store audit, task management, and others.
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The factors that propel the growth of the retail
automation industry include reduced cost of retailers, benefits of business
optimization, increase in demand for retail automation products, and rising
demands of customers for fast service and quality. On the other hand, there are
factors that may hamper the growth of the market including the increase in need
to monitor self-service kiosk, and requirement of high initial investment.
Retail Automation Market is anticipated to grow at a significant CAGR of 8.7%
in the upcoming period as the scope, product types, and its applications are
increasing across the globe.
Retail Automation industry may be explored by product,
implementation, end user, and geography. The market may be explored by product
as POS, Barcode and RFID, Cameras, Autonomous Guided Vehicles, Electronic Shelf
Labels, and Others. The “Barcode and RFID” dominated the retail automation
market in 2016 and is anticipated to maintain its dominance by 2025 owing to
rising security concerns regarding administrative thefts, errors, and other
security problems.
The market may be explored by implementation as
Warehouse, and In-store. The “Warehouse” dominated the retail automation
industry in 2016 and is anticipated to maintain its dominance by 2025 owing to
large investments in warehouse, technological developments, increase in the
number of stock keeping units (SKUs), increase the efficiency of their
warehouse operations. The market may be explored by end user as Supermarkets,
Hypermarkets, Convenience Stores, Retail Pharmacies, and Fuel Stations. The
“Retail Pharmacies” section dominated the Retail Automation Market in 2016 and
is anticipated to maintain its dominance by 2025.
North America accounted for the major share of the market
size in 2016 and will continue to lead in the forecast period. The factors that
could be attributed to the growth include a large consumer base, and
established manufacturers. North American is followed by Europe, and Asia
Pacific.
Some of the key players that fuel the growth of the
retail automation industry comprise Diebold Nixdorf, Datalogic S.P.A, First
Data Corporation, Incorporated, Fujitsu Limited, NCR Corporation, Honeywell
International Inc., Outerwall Inc., ZIH Corp and Pricer, Toshiba Global
Commerce Solutions, Inc. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
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