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Retail Automation Systems Market Overview, Competitive Insights, Significant Futuristic Trends and Opportunities 2024
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Market Segmentation:
By Point of Sale (POS) products
Kiosk
SCO
Cash Register
Receipt Printer
Currency Counter
Weight Scale
Barcode Reader
By Supply Chain Products
Belt Conveyor
Scissor Lift
Electronic Shelf Label
By Technology
CAD (Computer aided designing)
NCD (Numerically controlled devices)
Robots and Information Technology
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Retail automation systems are the standalone self-service machineries located in areas experiencing high traffic such as malls, resorts, airports, and convenient stores. Consumers select products using a touch screen display, pay for purchases through a debit or credit card and then the product is dispensed, sometimes through an internal robotic arm in the machine. In retail, the automation booths are used for vending fresh foods, DVDs, gift cards, coffee, beauty products, coin counting as well as photography. Some of the self-service automated retail units accept debit and credit cards to hand out electronics. Automation controls the record flow of a departmental store, retail store, supermarket, or a mall. Retail automation provides automated kiosk machines and point of sale terminals, which consist of all the necessary technology, hardware as well as services.
North America dominates the global market of retail automation systems. The operational difficulty to manage self-service machines and high dependence on power are some of the factors hindering the growth of the global retail automation systems market. The regular need for retailers to feed their products into the kiosks, sometimes leads to increase in waiting time for users which is challenging the growth of the market. Outerwall Inc. integrated Redbox Play Pass Loyalty Program, which amplified the customer engagement as well as its rental frequency in October 2014. Also in June 2015, AVT Inc., a retail automation systems company, announced the launch of a new Endcap retailer system, which can be used in retail locations for holding, display, and selling high value products safely.
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ZIH Corp, VeriFone Systems Inc., Motorola Mobility Inc., First Data Corporation, Wincor Nixdorf, Pricer, and Toshiba Corporation are some of the competitors in the global retail automation systems market.
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