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Global Retail Automation Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Retail Automation Market, By Component (Hardware, Software), Type (Point of Sales, Barcode and RFID, Electronic Shelf Labels, Cameras, Autonomous Guided Vehicle, Automatic Storage and Retrieval System, Automated Conveyor, Warehouse Robotics, Others), Implementation (On-Store Premise, On-Warehouse), End-User (Hypermarkets, Supermarkets, Single Item Stores, Petrol Pumps/Fuel Stations, Hospitality, Retail Pharmacies) - Industry Trends and Forecast to 2030.

Retail Automation Market

Retail Automation Market Analysis and Size

The global retail automation market is segmented on the basis of component, type, implementation, and end user.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.

Data Bridge Market Research analyses that the global retail automation market which was USD 16,550 million in 2022, would rocket up to USD 34,530 million by 2030, and is expected to undergo a CAGR of 9.8% during the forecast period. This indicates the market value. “Hardware” dominate the system component segment of the global retail automation market due to hardware components are physical devices that provide the foundation for retail automation systems. These devices, such as POS terminals, self-service kiosks, and electronic shelf labels, are tangible and essential for automating various retail processes. They enable tasks such as sales transactions, inventory management, and customer interactions. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Retail Automation Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customisable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Component (Hardware, Software), Type (Point of Sales, Barcode and RFID, electronic shelf labels, Cameras, Autonomous Guided Vehicle, Automatic Storage and Retrieval System, Automated Conveyor, Warehouse Robotics, Others), Implementation (On-Store Premise, On-Warehouse), End-User (Hypermarkets, Supermarkets, Single Item Stores, Petrol Pumps/Fuel Stations, Hospitality, Retail Pharmacies)

Countries Covered

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 the Middle East and Africa

Market Players Covered

NCR Corporation (U.S.), Toshiba Global Commerce Solutions (Japan), Diebold Nixdorf, Incorporated (U.S.), Fujitsu Limited (Japan), Honeywell International Inc. (U.S.), Wincor Nixdorf AG (Germany), Zebra Technologies Corporation (U.S.), Datalogic S.p.A. (Italy), Panasonic Corporation (Japan), Posiflex Technology, Inc. (Taiwan), Ingenico Group (France), Verifone Systems, Inc. (U.S.), Epson America, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea)

Market Opportunities

  • Emergence of industry 4.0
  • Rise in demand for robotic process automation in the logistics industry
  • Rise in shift in company business operations

Market Definition

Retail automation refers to the type of technology that operates as a fully automatic retail stores with the integrations of software. The retail automation consumes less time in purchasing and consumers can browse the products using a touchscreen interface. The retail automation enables the selection of the product of their choice to proceed to pay for it using debit or credit card.

Global Retail Automation Market Dynamics

Drivers

  • Shift in Company Business Operations

The rise in shift in company business operations because of the pandemic-induced work-from-home is one of the major factors driving the growth of retail automation market. Also, the integration of cognitive technologies along with change in business processes across enterprises has a positive impact on the market.

  • Need for Automating Redundant Tasks

The increase in need for automating redundant tasks accelerate the market growth. Automation induces execution, arrangement of the large volume of data in less time and quick implementation compared to mechanical procedure and reduces overhead expense for enterprises.

  • Adoption of Advanced Technologies

The rise in integration of retail automation with machine learning to help in advancing the capabilities of software bots further influence the market. Artificial Intelligence (AI) in RPA offers enhanced business insights, and improved data integrity.

In addition, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the retail automation market.

Opportunities

  • Rise in Demand for Robotic Process Automation in the Logistics Industry

The rise in demand for robotic process automation (RPA) in the logistics industry presents an opportunity for the global retail automation market. RPA involves the use of software robots or intelligent automation to automate repetitive and rule-based tasks, improving operational efficiency and reducing costs. This technology has several implications for the retail sector, particularly in supply chain and logistics operations.

Restraints/

  • High Cost of Implementation

Deploying automation technologies such as POS systems, self-service kiosks, or robotic systems requires significant upfront investments in hardware, software, and infrastructure. In addition, there may be costs associated with training staff and integrating the new systems with existing ones. For some retailers, especially small and medium-sized businesses with limited budgets, the high cost of implementation can be a barrier to adopting retail automation solutions.

  • Integration Complexity

The retail industry typically operates with diverse systems and technologies, making integration a complex process. Integrating new retail automation solutions with existing infrastructure, such as legacy systems, databases, and supply chain networks, can be challenging. Compatibility issues, data migration, and the need for seamless connectivity pose hurdles that need to be overcome to ensure smooth integration and interoperability.

This global retail automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In April 2023, Toshiba Global Commerce Solutions unveiled its Global Services Command Center, a "mission control" site that offers retailers enhanced intelligence and proactive availability services for their retail store systems. The center enables remote monitoring, diagnostics, and issue resolution, allowing retailers to maintain system health and minimize downtime without requiring their direct involvement.
  • In January 2019, NCR Corporation launched its transformative store architecture solution, NCR Software Defined Store (SDS), enabled by Zynstra. Pilot Flying J, the largest operator of travel centers in North America, is deploying this virtualization solution to create an agile infrastructure, reducing costs and optimizing operations for faster innovation across its network of more than 750 travel centers.

Global Retail Automation Market Scope

The global retail automation market is segmented on the basis of component, type, implementation, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Hardware
  • Barcode Scanner
  • Vending Machines
  • E-Pos Systems
  • Self-Scan Checkout Systems
  • Others
  • Software

Type

  • Point of Sales
  • Barcode and RFID
  • Electronic Shelf Labels
  • Cameras
  • Autonomous Guided Vehicle
  • Automatic Storage and Retrieval System
  • Automated Conveyor
  • Warehouse Robotics
  • Others

Implementation

  • On-Store Premise
  • On-Warehouse

End-User

  • Hypermarkets
  • Supermarkets
  • Single Item Stores
  • Petrol Pumps/Fuel Stations
  • Hospitality
  • Retail Pharmacies

Global Retail Automation Market Region Analysis/Insights

The global retail automation market is analyzed and market size insights and trends are provided by region, component, type, implementation, and end user, as referenced above.

The regions covered in the global retail automation market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global retail automation market report are U.S., Canada, Mexico, Brazil, Argentina, the 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 the Middle East and Africa.

North America is expected to dominate the global retail automation market because of the high adoption of automation technology by key companies, the growing popularity of e-commerce, and the rising labor costs.

Asia-Pacific is the fastest-growing country in the global retail automation market as retailers in the region are increasingly adopting automation technology to improve efficiency, reduce costs, and enhance customer experience, and this trend is expected to continue in the coming years.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Semiconductor Infrastructure Growth Installed base and New Technology Penetration

The global retail automation market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global retail automation market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2015-2020.

Competitive Landscape and Global Retail Automation Market Share Analysis

The global retail automation market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global retail automation market.

Some of the major players operating in the global retail automation market are:

  • NCR Corporation (U.S.)
  • Toshiba Global Commerce Solutions (Japan)
  • Diebold Nixdorf, Incorporated (U.S.)
  • Fujitsu Limited (Japan)
  • Honeywell International Inc. (U.S.)
  • Wincor Nixdorf AG (Germany)
  • Zebra Technologies Corporation (U.S.)
  • Datalogic S.p.A. (Italy)
  • Panasonic Corporation (Japan)
  • Posiflex Technology, Inc. (Taiwan)
  • Ingenico Group (France)
  • Verifone Systems, Inc. (U.S.)
  • Epson America, Inc. (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Samsung Electronics Co., Ltd. (South Korea)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Retail Automation Market will be worth USD 34,530 million by 2030.
The Retail Automation Market Growth Rate is 9.8% during the forecast period.
The Shift in Company Business Operations, the Need for Automating Redundant Tasks, and the Adoption of Advanced Technologies are the Growth Drivers of the Retail Automation Market.
The component, type, implementation, and end-user are the factors on which the Retail Automation Market Research is based.
The Toshiba Global Commerce Solutions unveiled its Global Services Command Center, a "mission control" site that offers retailers enhanced intelligence and proactive availability services for their retail store systems and NCR Corporation launched its transformative store architecture solution, NCR Software Defined Store (SDS), enabled by Zynstra. Pilot Flying J, the largest operator of travel centers in North America, is deploying this virtualization solution to create an agile infrastructure, reducing costs and optimizing operations for faster innovation across its network of more than 750 travel centers are the latest developments in the Retail Automation Market.
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