Smart retail market is expected to grow at a CAGR of 23.7% in the forecast period of 2020 to 2027. 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.
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Competitive Landscape and Smart Retail Market Share Analysis
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.
Segmentation: Global Smart Retail Market
- 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.
- 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.
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2026.
- Detailed overview of parent market
- Changing market dynamics of the industry
Reasons to Purchase this Report
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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