Retail Automation Market 2021-26: Global Industry Analysis, Size, Share, Trends, Key Players & Opportunities
According to the latest report by IMARC Group, titled “Retail Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of around 8% during 2021-2026.
Retail automation refers to the various technologies used in retail businesses to simplify, streamline, and automate standard operations. It includes software where managers set specific parameters to ensure that tasks are completed consistently and accurately. Retail automation comprises of self-checkout systems, touch-enabled point of sale (POS) terminals, mobile apps, service kiosks, etc. These solutions can automate several retail operations, including order fulfillment, procurement, data consolidation, etc. Retail automation assists in enhancing efficiency, reducing human errors, improving the in-store experience, keeping data updated regularly, etc. Such solutions are extensively utilized in busy locations like malls, airports, resorts, transit hubs, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Retail Automation
Market Trends:
The escalating demand for
business process optimization in the retail industry is one of the key factors
driving the retail automation market. In line with this, the rising number of
research and development (R&D) activities aimed at enhancing the virtual
marketing scope in the retail sector is further stimulating the market growth.
Moreover, the growing need to automate numerous manual processes, such as
book-keeping, inventory management, accounting, etc., to save time and improve
efficiency is augmenting the global market. Besides this, the advent of
real-time analytics in automation is acting as another significant
growth-inducing factor. Furthermore, the increasing concerns regarding security
risks, such as inventory loss and theft, are anticipated to fuel the retail
automation market over the forecasted period.
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Retail Automation
Market 2021-2026 Analysis and
Segmentation:
Competitive
Landscape:
The competitive landscape
of the market has been studied in the report with the detailed profiles of the
key players operating in the market.
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.
The report has segmented
the market on the basis on region, disc type, material type and end user.
Breakup
by Type:
- Point-of-Sale
(POS)
- Barcode
and RFID
- Electronic
Shelf Label (ESL)
- Camera
- Autonomous
Guided Vehicle (AGV)
- Others
Breakup
by Implementation:
- In-store
- Warehouse
Breakup
by End User:
·
Supermarkets
and Hypermarkets
·
Single
Item Stores
·
Fuel
Stations
·
Retail
Pharmacies
Breakup
by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
·
Middle East and Africa
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Analyst for Customization and Explore Full Report with TOC & List of
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Key
highlights of the report:
- Market Performance
(2015-2020)
- Market Outlook
(2021-2026)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific
information that is not currently within the scope of the report, we can
provide it to you as a part of the customization.
If you want latest primary
and secondary data (2021-2026) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
will be delivered to you in PDF format via email within 24 to 48 hours of
receiving full payment.
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