With the emergence and long-term Impact of COVID-19, Global Retail Automation Market to reach USD xx billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on Global Retail Automation Market points towards a potential rise to USD xx billion by 2030. Retail Automation market refers to the application of various technologies and solutions to automate and streamline retail operations and processes. It involves the use of innovative technologies such as artificial intelligence (AI), machine learning (ML), robotics, Internet of Things (IoT), and data analytics to improve efficiency, enhance customer experience, optimize inventory management, and drive overall operational effectiveness in retail industry. Major driving factors for Global Retail Automation Market are rising retail sales and changing consumer preference. Moreover, rising demand for automation and growing digital payment is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
Geographically, the global Retail Automation market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is a dominating market for Retail Automation, driven by the advanced retail industry, technological innovation, and the presence of major retail automation solution providers. The United States and Canada are key contributors to the market in this region. The adoption of technologies such as self-checkout systems, electronic shelf labels, and inventory management solutions is high in this region.
Asia Pacific is a rapidly growing market for Retail Automation, fueled by the increasing urbanization, expanding retail sector, and rising consumer demand. Countries like China, Japan, India, South Korea, and Australia are key contributors to the market in this region. The adoption of technologies such as self-service kiosks, mobile payments, and smart vending machines is on the rise.
The global Retail Automation market is highly competitive owing to the presence of several key manufacturers such as Toshiba Global Commerce Solutions NCR Corporation Diebold Nixdorf, Incorporated Fujitsu Limited Honeywell International Inc. Zebra Technologies Corporation Wincor Nixdorf (now part of Diebold Nixdorf) Posiflex Technology, Inc. Verifone Systems, Inc. ECR Software Corporation, and others.
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Key findings of the study suggest:
- Global Retail Automation Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In Type segment, Software emerged out as the leading market segment in 2023.
- North America is anticipated to drive regional growth owing to rising presence of major retail automation solution providers in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to increasing urbanization, expanding retail sector in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Hardware
- Software
By End-User:
- Grocery
- General Merchandise
- Hospitality
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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