Press release
Smart Retail Devices Market 2021 Size, Share, Growth, Industry Trends, Latest Research News and Details for Business Development 2027
Smart Retail Devices Market By Technology (Digital Signage, Smart Labels, Smart Payments, Smart Carts, Electronic Shelf Labels, and Others), and Application (Smart Transportation, Predictive Equipment Maintenance, Inventory Management, Smart Fitting Room, Foot Traffic Monitoring, and Others): Global Opportunity Analysis and Industry Forecast, 2020 – 2027". As per the report, the global smart retail device industry was pegged at $17.43 billion in 2019, and is projected to reach $74.68 billion by 2027, growing at a CAGR of 17.2% from 2020 to 2027.The latest analysis on Global Smart Retail Device Market is based on several organizations from different regions leading across the globe. The 200+ pages report offers significant information along with highlighting the drivers, restraints, and opportunities of the market. The study also aims to provide comprehensive information on the latest market trends, strategies, and competitions among the market players in the global Smart Retail Device Market. The analysis covers both the historical and forecasted data from 2014 to 2021 and 2021 to 2024 along with other segments including product overview, material required, and other growth aspects.
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Drivers, restraints, and opportunities
Surge in use of robotics and automation in the retail industry, increase in adoption of big data analytics and internet of things, and rise in purchasing power of consumers and economic growth have boosted the growth of the global smart retail device market. However, surge in maintenance cost of high-end devices and risk toward consumer data thefts hamper the market growth. On the contrary, technological advancement with real-time data analytics and increase in number of smart stores are expected to create lucrative opportunities for the market players in the future
Smart Retail Device Market Competitive Analysis:
Leading market players profiled in the global Smart Retail Device Market report include IBM, Intel, Cisco, NXP semiconductors, Microsoft, NVIDIA Corporation, Samsung Electronics, Texas Instrument, Softbank Robotics and PAX global technology
These players have adopted several strategies including joint ventures, expansions, mergers & acquisitions, collaborations, and new product launches to strengthen their position in the industry.
Covid-19 Impact on the Global Smart Retail Device Market:
Smart Retail Device Market Research Report offers an outline of the market based on basic parameters such as market size, sales analysis, and key drivers. The market is expected to expand on a large scale during the forecast period (2021-2024). This report includes COVID-19 impacts on the market. The unprecedented arrival of the coronavirus pandemic (COVID-19) has troubled the complete lifestyles. This in turn has affected some of the market situations along with introducing new norms. The broad view of the research report, therefore, provides the users with the total impacts of covid19 on the industry and the market players.
Covid-19 scenario:
The Covid-19 pandemic created uncertainty in the stock market due to disruption of the supply chain, shortage of raw materials, and falling business confidence. The semiconductor, electronics industries are the worst-hit industries during the pandemic due to the ban on international trade and constraints on import-export.
Electronics manufacturing hubs were temporarily closed during the first phase of lockdown to curb the spread of infection. This has negatively affected the supply chain of the semiconductor industry. The lack of business continuity negatively affected the shareholder returns and revenue.
However, several governments have announced subsidies and incentives to stimulate the local economy, which is expected to help the smart retail device industry get back on track.
The Covid-19 pandemic accelerated the adoption of automation and Industry 4.0 technologies. Remote manufacturing, maintenance, and diagnostics would become permanent features, which would encourage the demand for smart retail devices.
Get detailed COVID-19 impact analysis on the Smart Retail Device Market @ https://www.alliedmarketresearch.com/request-for-customization/9714?reqfor=covid
Smart Retail Device Market Segmentation:
The research provides an in-depth segmentation of the global Smart Retail Device Market based on the technology, application and geography. It also presents a comprehensive examination of sales, revenue, growth rate, and market share of each for the historic period and the forecast period.
Smart Retail Device Market Regional Analysis:
The report offers a region-wise analysis of the market along with the competitive landscape in each region. The study covers regions including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights assist to formulate strategies and create new opportunities to accomplish remarkable outcomes.
KEY BENEFITS FOR STAKEHOLDERS
This report offers analytical representation of the Smart Retail Device Market trends with recent trends and future predictions to outline the upcoming investment pockets.
The overall potential intends to help in understanding the profitable trends to strengthen the base in the Smart Retail Device Market.
The Smart Retail Device Market analysis provides extensive information based on key determinants of the market along with a detailed impact analysis.
The recent market forecast is significantly examined from 2021 to 2024 to specify the financial ability.
Porter’s five forces analysis demonstrates the effectiveness of the buyers and suppliers in the industry.
Get Full Report : https://www.alliedmarketresearch.com/smart-retail-devices-market-A09349
Smart Retail Devices Market Key Segments
By Technology
Digital Signage
Smart Labels
Smart Payments
Smart Carts
Electronic Shelf Labels
Others
By Application
Smart Transportation
Predictive Equipment Maintenance
Inventory Management
Smart Fitting Room
Foot Traffic Monitoring
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
CHAPTER 3:MARKET OVERVIEW
3.1.MARKET DEFINITION AND SCOPE
3.2.PORTER’S FIVE FORCES ANALYSIS
3.3.PATENT ANALYSIS
3.3.1.By region (2017-2019)
3.3.2.By applicant
3.4.MARKET DYNAMICS
3.4.1.Drivers
3.4.1.1.Increasing use of robotics and automation in retail industry
3.4.1.2.Rising adoption of big data analytics & IoT in retail industry
3.4.1.3.Surge in purchasing power of consumers and economic growth
3.4.2.Restraints
3.4.2.1.Increased maintenance cost of high-end devices
3.4.2.2.Risk towards consumer data thefts
3.4.3.Opportunity
3.4.3.1.Technological advancement with real-time data analytics
3.4.3.2.Increasing number of smart stores
3.5.COVID IMPACT
3.5.1.Impact on market size
3.5.2.End user trends, preferences, and budget impact
3.5.3.End user trends, preferences, and budget impact
3.5.4.Parent industry impact
3.5.5.Key player strategies to tackle negative impact
3.5.5.1.Limiting cuts to R&D expense:
3.5.5.2.Focusing on next-generation products
3.5.5.3.Shifting toward agile supply chain model
3.5.6.Opportunity window
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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