Press release
Retail Automation Market 2020 | Latest Updates with Market Shares, Revenue, Topmost Industry Compotators by 2026
Increase in demand for business process optimization in the retail industry, globalization of e-commerce coupled with advent of IoT, and rapid increase in purchasing power of consumers and economic growth in developing regions drive the growth of the global retail automation market.
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The global retail automation market was estimated at $11.24 billion in 2018 and is expected to hit $23.58 billion by 2026, registering a CAGR of 9.6% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
The key market players analyzed in the global retail automation market report include Datalogic S.p.A., Diebold Nixdorf, Incorporated, Fiserv, Inc., Fujitsu Limited, Honeywell International Inc., KUKA AG, NCR Corporation, Posiflex Technology Inc., Toshiba Global Commerce Solutions, and Zebra Technologies. These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their stand in the industry.
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The global retail automation market is analyzed across type, implementation, end-user, and region. Based on type, the Point-of-Sale (POS) segment accounted for one-third of the total market share in 2018, and is expected to lead the trail by 2026. The camera segment, on the other hand, would showcase the fastest CAGR of 11.7% by the end of 2026.
Based on implementation, the warehouse segment contributed to more than three-fifths of the total market revenue in 2018, and is expected to retain its dominance during the forecast period. Simultaneously, the in-store segment would grow at the fastest CAGR of 10.5% from 2019 to 2026.
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Based on region, North America garnered the highest share in 2018, holding nearly two-fifths of the global market. Simultaneously, the region across Asia-Pacific would exhibit the fastest CAGR of 11.5% by 2026. The other two provinces assessed through the report include LAMEA and Europe.
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