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Retail Automation Market Growth by 2023 Global Market Analysis, Size, Share, Trends, Key Vendors, Drivers and Forecast

360 MARKET UPDATES Report provides a 360-degree overview of the global Retail Automation Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Retail Automation

Report Title: “Global Retail Automation Market – Segmented by Product (Point of Sale, Camera, Barcode and RFID), End-User (Supermarkets, Single Item Store), and Region – Growth, Trends, and Forecast (2018 – 2023)”

Global “Retail Automation Market” is expected to register a CAGR of approximately 10.02% during the forecast period of (2018 – 2023). Also, Retail Automation Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Retail Automation Analysis.

Retail Automation market Report provides a 360-degree overview of the global Retail Automation market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Retail Automation Market Report Covers Leading Manufacturers: Carrenza, CASIO COMPUTER CO., LTD., Datalogic S.P.A, Diebold Nixdorf, Incorporated, ECR Software Corp, EMARSYS, First Data Corporation, Fujitsu Limited, Future Way Technical Services LLC, Honeywell International Inc., NCR Corporation, Outerwall Inc., Pricer, Pyramid Controls, QR Retail Automation (Asia) Sdn Bhd, RapidMathematix Inc., Toshiba Global Commerce Solutions, Inc., Xerox Corporation, ZIH Corp.

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The global retail automation market was worth USD 10.43 billion in 2017 and is projected to reach USD 18.99 billion by 2023 at a CAGR of 10.02% over the period 2018–2023. The scope of the report is limited to products including point of sales (PoS), camera, barcode and RFID, and others and end user including supermarkets, single item stores, and others. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The study also emphasizes the benefits of retail automation by diverse application and the prospect of the same.

Automation in the retail industry is replacing the traditional methods of the cash register and ledger models, making it much more convenient for the customers to complete their transaction in a short period. The trend is picking up significantly, as retailers are utilizing a blend of self-checkout frameworks, cell phones, advanced booths, and workforce & errand administration answers to sustain in the market. The retail industry is facing extensive & remarkable changes and with growing customer expectations, and increasing competition rivalry, retailers are required to provide a better experience at a low cost. Hence, to adapt to change, make better decisions, and to find new markets to exploit, retail automation is the best solution for retailers to improve service, products, and operations constantly. This is expected to fuel the retail automation market.

Growth in Retail Industry

Retail automation market grows in tandem with the retail industry, partly because market growth is expected to lead to an increase in demand for automation tools. The expanding incorporation of digital capabilities is projected to boost the use of automation, thereby propelling the market. The companies in retail industries are investing in technologies to understand the consumer behavior to shape their strategies, in order to sustain in the market. Consumers are demanding quality of product and service owing to, which the integration of automation in the retail industry is becoming a key part. Moreover, they are encouraging customers to go cashless, which is fueling the growth of retail industry thereby ascending the retail automation market.

Supermarket to Exhibit the Highest Market Share

The number of supermarkets across the globe is increasing owing to the enormous rise in the consumers and growing demand for high-quality products. Also, consumers search every good in one place to purchase without comprising on quality and service, which is compelling the players to invest in supermarkets. This is likely to propel the growth of retail automation, owing to the robust analytics offered by the system, which helps in taking strategic decisions.

Asia-Pacific to Witness the Highest Growth

Rising disposable income at a high pace coupled with increasing investment in the Asia-Pacific is expected to ascend the retail industry. Additionally, altering lifestyle amongst customers is further anticipated to fuel the demand for diverse products, thereby propelling market growth. Moreover, the retail e-commerce industry in the region is witnessing bursting growth owing to convenience and increasing population.


Order a Copy Of Retail Automation Market Report  https://www.360marketupdates.com/purchase/12886077

Reasons to Purchase Retail Automation Market Report:

  • Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge. 
  • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
  • The authentication mode is likely to witness the highest adoption of these systems in the market.
  • The regions that are expected to witness the fastest growth during the forecast period.
  • The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel). 

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

About 360 Market Updates:

360 Market Updates is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

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Organization: 360 Market Updates

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