Smart Retail Market by Platform (Software, Hardware) by Application (Intelligent System, Smart Payment System, Smart Label, Analytics, Visual Marketing) - Business Overview, Analysis and Industry Forecast 2017-2023

Global Smart Retail Market was valued at USD XX Billion in the year 2017. Global Smart Retail Market is further estimated to grow at a CAGR of XX% from 2018 to reach USD XX Billion by the year 2023.

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Europe region holds the highest market share in 2017 and the North America region is considered as the fastest growing market in the forecasted period. At a country level, developed markets like Germany holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.

Alphabet, Inc. (Google, Inc.) (U.S), IBM Corporation (U.S), Microsoft Corporation (U.S), Intel Corporation (U.S), Samsung Electronics (South Korea), Cisco Systems, Inc. (U.S), NVIDIA Corporation (U.S), PTC, Inc. (U.S), STMicroelectronics (Switzerland), Amazon.com, Inc. (U.S), are some of the key players in the Smart Retail Market with IBM Corporation holding the substantial market share because of its better technological advancements and global reach. Technological upgradation to cater changing demand of end users, similarly growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.

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Drivers:

• Rising need for enhancing Customer Services and Shopping Experience

Restraints:

• High Maintenance of Advanced Computing Systems

Opportunities:

• Growing in the retail industry

Challenges:

• Unwillingness of retailers

Segmentation done on the basis of Platform includes Software and Hardware of which the Hardware segment is expected to hold the highest market share during the forecast period. On the other hand, segmentation done on the basis of Type includes Intelligent System, Smart Payment System, Smart Label, Analytics, Visual Marketing and Robotics of which Robotics sensors segment is expected to grow at the highest CAGR during the forecast period.

Key Benefits for Stakeholders

• Semiconductor component manufacturers and suppliers,
• Original equipment manufacturers (OEMs), Equipment distributors and suppliers,
• Suppliers of related accessories for smart retail devices,
• Technology advisors and system integrators,
• Research groups and consulting firms,
• Associations, organizations, and alliances related to smart retail

By Platform

• Software
• Hardware

By Application

• Intelligent System
• Smart Payment System
• Smart Label
• Analytics
• Visual Marketing
• Robotics

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Alphabet, Inc. (Google, Inc.)
• IBM Corporation
• Microsoft Corporation
• Intel Corporation
• Samsung Electronics
• Cisco Systems, Inc.
• NVIDIA Corporation
• PTC, Inc.
• STMicroelectronics
• Amazon.com, Inc.

(Another brief information of 10 companies will be provided in the report)

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