Retail Automation Market size worth $ 31.81 Billion, Globally, by 2028 at 10.94% CAGR: Verified Market Research®

The rising demand for quality and fast service to consumers has been considered a prime factor for the Retail Automation Market. Retail automation offers various benefits, including accuracy, low cost, speed, and high-quality performance for customers in the retail industry, which, in turn, boosts the growth of the market.

Jersey City, New Jersey, Dec. 13, 2021 (GLOBE NEWSWIRE) — Verified Market Research recently published a report, “Retail Automation Market” By Product (Point-Of-Sale (POS), Camera, Barcode and RFID), By Implementation (In-Store Premise and In-Warehouse), By End-User (Hypermarkets, Supermarkets, Single-Item Stores, Petrol Pumps/Fuel Stations), and By Geography. According to Verified Market Research, the Global Retail Automation Market size was valued at USD 13.97 Billion in 2020 and is projected to reach USD 31.81 Billion by 2028, growing at a CAGR of 10.94% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=3769

Browse in-depth TOC on “Retail Automation Market”

202 – Pages

126 – Tables

37 – Figures

Global Retail Automation Market Overview

The rising demand for quality and fast service to consumers has been considered a major driver for the Retail Automation Market. Features such as reduced cost to retailers, high speed of transactions, and accuracy in transactions have positively impacted the market. Retail automation provides for business optimization which increases the demand for the market. Innovative Technology has helped achieve the goals for retail automation. In recent years, developing economies have been a major growth opportunity for the Retail Automation Market since retailers in these countries are adopting new strategies to provide fast and reliable service to the growing population.

In these economies, the spending patterns of the general population are improving and they are trying to adopt the developed country’s habits and behavioural trends in the retail sector. So, these economies are expected to propel the growth of the global Retail Automation Market. Although there are a number of positives to this market, there are also restaurants like lack of knowledge and resources for terminal mobility. This can hinder the growth of the market. In some cases, where resources are available, they might not be up to the optimum speed like internet services can be affected in some areas due to the weather conditions in rural areas.

There can also be cases of theft at unattended terminals that can pose a risk for retailers that do not have enough resources or labour to keep a watch at all times. Due to these increased number of thefts, retailers may be demotivated to use retail automation which can cause a challenge to the market. Retail automation provides flexible and easy to operate solutions for both customers and retailers with innovative and improved technologies. The demand for automated solutions is accelerated by their advantages such as efficiency in product supplies, manageable business platforms, and faster sales processes. This helps to increase the profits of retailers through cost advantage also ensuring a productive environment for the growth of the market worldwide.

Key Developments

• In May 2020, The Datalogic has agreed to invest in Adroit Worldwide Media Inc. (AWM) Smart Shelf. It offers a comprehensive set of solutions for the retail sector, both non-grocery and grocery which includes Inventory Intelligence, consumer demographics, autonomous checkout, and retail analytics engine.
• In January 2021, A leading grocery e-commerce company Freshop Inc has been acquired by NCR Corporation. This acquisition will add e-commerce to NCR Corporation’s leading retail core POS platform that will enable retailers to quickly serve the needs of the consumer.
• In December 2020, A new series of PoS systems named HS-3314A which is a 14″ Android 9.0 Projected Capacitive Touch (PCAP) POS system has been launched by Posiflex Technology Inc. It has a built-in printer with numerous peripherals and a high-performance Rockchip RK3399.

Key Players

The major players in the market are Datalogic S.P.A, First Data Corporation, Fujitsu Limited, Honeywell Scanning & Mobility, NCR Corp., Toshiba Global Commerce Solutions Inc., Wincor Nixdorf AG, Posiflex Technology Inc., Pricer, Zebra Technologies Corp.

Verified Market Research has segmented the Global Retail Automation Market On the basis of Product, Implementation, End-User, and Geography.

• Retail Automation Market, By Product
  • Point-of-Sale (POS)
  • Camera
  • Barcode and RFID
  • Others

• Retail Automation Market, By Implementation
  • In-Store Premise
  • In-Warehouse

• Retail Automation Market, By End-User
  • Hypermarkets
  • Supermarkets
  • Single-Item Stores
  • Petrol Pumps/Fuel Stations
  • Health and Retail Pharmacy

• Retail Automation Market by Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • ROW
    • Middle East & Africa
    • Latin America

Browse Related Reports:

Digital Asset Management Market By Application (Broadcast And Publishing, Enterprise), By Vertical (Consumer Goods And Retail, Manufacturing, Healthcare And Life Sciences), By Component (Solution, Services), By Geography, Forecast, 2021-2028

Online Apparel Retail Market By Product Type (Premium, Economy, and Low), By Application (Men, Women, and Kids), By Geography, Forecast, 2021-2028

Self-Checkout Terminals Market By Product (Hybrid Self-Checkout Terminals and Cash, Cashless Self-Checkout Terminals), By Application (Retail, Financial Services, Entertainment, Travel, Healthcare), By Geography, Forecast, 2021-2028

Contact Center Market By Components (Software, Service), By Organization Size (Large Enterprises, Medium-sized Enterprises), By Deployment Type (Cloud, On-Premises), By Industry Vertical (Banking, Financial Services, and Insurance (BFSI), Consumer Goods and Retail), By Geography, Forecast, 2021-2028

Impact of Covid-19 In Retail Indusrtry

Visualize Retail Automation Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

CONTACT: Mr. Edwyne Fernandes Verified Market Research® US: +1 (650)-781-4080 UK: +44 (753)-715-0008 APAC: +61 (488)-85-9400 US Toll Free: +1 (800)-782-1768 Email: [email protected] Web: https://www.verifiedmarketresearch.com/ BI Enabled Platform: https://www.verifiedmarketresearch.com/vmintelligence/ Follow Us: LinkedIn | Twitter

Disclaimer: This content is distributed by The GlobeNewswire