Retail Automation Market : Continued Entry of New Players to Maintain Competition

According to Verified Market Intelligence, The Global Retail Automation Market was valued at USD 9.32 billion in 2016 and is projected to reach USD 23.55 billion by 2025, growing at a CAGR of 10.85% from 2017 to 2025.

Retail automation is defined as the usage of technology in retail business in order to automate retail locations and helps in exchanging a product or a service with the public. It mainly comprises of grocery stores, service providers and online distributors. Various example of retail automation includes vending machines, service kiosks, self-checkout, retail kiosk and many more that helps in increasing the efficiency and reducing the labor. It offers many benefits such as brand preservation, enhanced operational efficiency, and improved customer experience that has contributed to the growth of the retail automation market.

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Rising demand for quality and fast services, Benefits of business optimization and reduced cost to retailers, growing demand for retail automation products and increasing adoption of new retail automation products have been driving the global retail automation market. While lack of knowledge about terminal operability, theft risks at unattended terminals and high level of dependency on the internet and electricity might hinder the overall growth at a global level.

The “Global Retail Automation Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as IH Corp., Toshiba Global Commerce Solutions, Inc., Pricer, Outerwall Inc., NCR Corporation, Honeywell International Inc., Fujitsu Limited, First Data Corporation, Diebold Nixdorf, Incorporated, and Datalogic S.P.A. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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