Smart Retail Market is expected to grow at a CAGR of 23.7% in the forecast period of 2020 to 2027. Data Bridge Market Research report on smart retail market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Smart retail refers to an arrangement of keen advances which are intended to give a quicker, witted and more secure understanding to the clients while shopping. The worldwide market for keen retail frameworks is relied upon to develop fundamentally amid the gauge time frame.
Increasing use of robots and automation to offer convenience in shopping to customers, rising adoption of big data analytics and increased use of smart technologies due to the change in customer’s expectation are the factors driving the growth of smart retail market. Increased maintenance costs of advanced high-end computing system and high risk of customer data thefts are the factors restraining the smart retail market. Increase in number of smart stores to lead to rise in adoption of self-delivery vehicles act as an opportunity of smart retail market. Increase in instances of shoplifting is one of the challenges faced by the smart retail market.
Global Smart Retail Market, By System (Digital Signage Solutions, Smart Labels, Smart Payment System, Intelligent Vending Machines, Augmented Reality Solutions, Virtual Reality Solutions, POS Solutions, Smart Carts, Robotics and Analytics), Application (Foot Traffic Monitoring, Inventory Management, Smart Fitting Rooms, Brand Protection, Predictive Equipment Maintenance and Loyalty Management and Payments), Retail Offering (Apparel and Accessories, Fast Moving Consumer Goods, Hardlines and Leisure Goods and Others), Technologies (Visual Recognition, Blockchain, Artificial Intelligence and Mobiles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027 Smart retail market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance.
Smart Retail Market Scope and Market Size:
Smart retail market is segmented on the basis of system, application, retail offering and technologies. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. On the basis of system, smart retail market is segmented into digital signage solutions, smart labels, smart payment system, intelligent vending machines, augmented reality solutions, virtual reality solutions, POS solutions, smart carts, robotics and analytics. Digital signage solution is sub-segmented into displays, media players, PCs and set-top boxes, mounts and cables. Smart labels are sub-segmented into smart beacons, and electronic shelf labels. Smart payment system is sub-segmented into NFC-ready POS terminals, and NFC-ready MPOs terminals. Based on application, smart retail market is segmented into foot traffic monitoring, inventory management, smart fitting rooms, brand protection, predictive equipment maintenance and loyalty management and payments. Based on retail offering, smart retail market is segmented into apparel and accessories, fast moving consumer goods, hardlines and leisure goods and others.Based on technologies, smart retail market is segmented into visual recognition, blockchain, artificial intelligence and mobiles.
Major Market Competitors/Players:
The major players covered in the smart retail market report are Intel, IBM, Nvidia, Samsung Electronics, Microsoft, Google, PTC, Amazon, NXP Semiconductors, Cisco Systems, LG Display, Huawei Investment & Holding, Par Technology, Texas Instruments, Honeywell, Bosch Group, Softbank Robotics Holdings, Broadcom Limited, Ingenico, Verifone among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in the Smart Retail Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE REPORT:
Chapter One: Smart Retail Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Smart Retail Market Competition, by Players
Chapter Four: Smart Retail Market Size by Regions
Chapter Five: Smart Retail Market Revenue by Countries
Chapter Six: Smart Retail Market Revenue by Type
Chapter Seven: Smart Retail Market Revenue by Application
Chapter Eight: Smart Retail Market Revenue by Industries
Chapter Nine: Smart Retail Market Revenue by Deployment Model
Chapter Ten: Smart Retail Market Revenue by End User
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