According to the latest report by IMARC Group, titled “Retail Automation Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026,” the Retail Automation 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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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.
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