Retail automation is a technology that encompasses several different tactics like automatic storage & retrieval, autonomous guided vehicle, electronic shelf labels, point of sale, barcode & RFID, automated conveyor and others to smoothen up the workflow. This helps in increasing precision and reduces time taken to perform actions. The global retail automation market is expecting an 11% CAGR during the forecast period (2017-2023). Market Research Future (MRFR) made a claim in their latest report on the Retail Automation Market that the expected valuation could cross USD 18 billion by the end of 2023.
Factors like quick delivery service at reasonable price, transforming purchasing interest, and AI’s integration to optimize operations are expected to take the global retail automation market forward. Its low cost with minimum investment is surely going to inspire retailers to install the system. This is bound to transform the regional market growth.
The prominent players in the global retail automation market are – Fujitsu Limited (Japan), Toshiba Global Commerce Solutions Inc. (US), Honeywell Scanning and Mobility (US), Posiflex Technology, Inc. (Taiwan), E&K Automation GmbH (Germany), First Data Corporation (US), Kuka AG (Germany), Wincor Nixdorf AG (Germany), Zebra Technologies Corporation (US), NCR Corporation (US), and Kiosk & Display LLC (US) among others.
Global Retail automation Market Segmentation
The global retail automation market are bifurcated into type, component, components, end-users, and region. The type includes autonomous guided vehicle, point of sale, automatic storage and retrieval, barcode & RFID, electronic shelf labels, automated conveyor and others. The components include hardware, software, services, and others. The end-users include hypermarkets, retail pharmacies, supermarkets, single item stores, fuel stations and others. The region includes North America, Europe, Asia Pacific and rest of the world.
Market Research Analysis:
Region-specific analysis of the global retail automation market is founded on mainly four regions namely, Asia Pacific (APAC), North America, Europe and Rest of the World (RoW). This region-specific peek into the market allows a better reading of growth pockets.
North America has the lead in the global market and its reliance on the high-level technologies and better investment scopes are giving it the edge over the others. The market is witnessing an easy permeation of RFID systems to better the product tracking capacities and the process is less expensive. Such advantages have been adopted by top players quickly. The market is also witnessing blessings of the results provided by the research and development sector.
In Europe, similar reasons are expected to drive the regional retail automation market. The market has several players who are actually getting involved in such a prolific growth of the global market.
In the APAC region, this growth depends mostly on the technological integration in retail sectors of China, Japan and India. Emerging economies like China and India are quite big and can initiate expansion plans of global players by offering greater profit margins. The sector is expecting the fastest CAGR during the forecast period.
· Semiconductor component manufacturers and distributors
· Technology consultants and system integrators
· Equipment distributors and suppliers
· Research and development companies
· Market research and consulting firms
· Technology standards organizations
· Technology investors
· System Integrators
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Table Of Contents
LIST OF TABLES
TABLE 1 RETAIL AUTOMATION MARKET, BY TYPE
TABLE 2 RETAIL AUTOMATION MARKET, BY COMPONENTS
TABLE 3 RETAIL AUTOMATION MARKET, BY END-USERS
TABLE 4 RETAIL AUTOMATION MARKET, BY REGIONS
TABLE 5 NORTH AMERICA RETAIL AUTOMATION MARKET, BY TYPE
TABLE 6 NORTH AMERICA RETAIL AUTOMATION MARKET, BY COMPONENTS
TABLE 7 NORTH AMERICA RETAIL AUTOMATION MARKET, BY END-USERS
TABLE 8 NORTH AMERICA RETAIL AUTOMATION MARKET, BY REGION
TABLE 9 EUROPE RETAIL AUTOMATION MARKET, BY TYPE
TABLE 10 EUROPE RETAIL AUTOMATION MARKET, BY COMPONENTS
TABLE 11 EUROPE RETAIL AUTOMATION MARKET, BY END-USERS
TABLE 12 EUROPE RETAIL AUTOMATION MARKET, BY REGION
TABLE 13 U.K. RETAIL AUTOMATION MARKET, BY TYPE
TABLE 14 U.K. RETAIL AUTOMATION MARKET, BY COMPONENTS
TABLE 15 U.K. RETAIL AUTOMATION MARKET, BY END-USERS
TABLE 16 U.K. RETAIL AUTOMATION MARKET, BY REGION
TABLE 17 ASIA-PACIFIC RETAIL AUTOMATION MARKET, BY TYPE
TABLE 18 ASIA-PACIFIC RETAIL AUTOMATION MARKET, BY COMPONENTS
TABLE 19 ASIA-PACIFIC RETAIL AUTOMATION MARKET, BY END-USERS
TABLE 20 ASIA-PACIFIC RETAIL AUTOMATION MARKET, BY REGION
TABLE 21 REST OF WORLD RETAIL AUTOMATION MARKET, BY TYPE
Know More about this Report @ https://www.marketwatch.com/press-release/retail-automation-market-2018-global-analysis-business-growth-emerging-technologies-development-status-competitive-landscape-and-revenue-by-forecast-2023-2018-08-02
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