Retail Automation Market May Set New Growth Story 2021-2027

The retail automation market was valued at USD 12.45 billion in 2019 and is expected to reach USD 24.6 billion by 2025 at a CAGR of 11.2% over the forecast period from 2020 to 2025.

The Global Retail Automation Market Research Report 2021-2027 is a significant source of keen information for business specialists. It furnishes the business outline with development investigation and historical and futuristic cost analysis, Retail Automation market income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Retail Automation Market study gives extensive information which upgrades the agreement, degree, and use of this report.

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Top Companies in the Global Retail Automation Market are - Datalogic S.p.A, Diebold Nixdorf, Incorporated, ECR Software Corporation, Emarsys eMarketing Systems AG, First Data Corporation, Fujitsu Limited, Honeywell International Inc., NCR Corporation, RapidPricer B.V., Posiflex Technology Inc.

Key Market Trends On Retail Automation-

Grocery is Expected Hold Significant Share

- Self-checkout kiosks are among some of the standard automation solutions deployed in supermarkets. Grocery chain Kroger uses sensors, and predictive analytics means to forecast when more cashiers will be needed. Then, the impact of COVID-19 on the United States retail led to Taco Bell, Target, Hy-Vee supermarkets in the Midwest, Speedway convenience stores, and Jack in the Box started to support Apple Pay, which is a contactless payment system that enables customers to quickly and securely pay in stores using their Apple Watch and iPhone.

- In 2019 Phononics Store of the Future Report, nearly nine out of ten Americans (86 %) said that mobile apps would allow people to scan groceries as they shop and then pay through an app in the next five years. Grabango is working closely with three of the top thirty grocers on Progressive Grocers Super 50 list and one of the top 10 convenience stores, assigns every shopper a virtual basket when they walk through the door. The technology company uses proprietary hardware, called G rails, which includes a high number of low-cost sensors lined up and down the aisles.

Competitive Landscape On Retail Automation Market-

May 2020 - Datalogic announced an investment in AWM Smart Shelf, a California-based computer vision and AI company. AWM offers a comprehensive set of solutions to the retail sector, both grocery and non-grocery, including autonomous checkout (AWM Frictionless), Automated Inventory Intelligence (Aii), consumer demographics and behavior tracking, as well as a complete software suite, Retail Analytics Engine (RAE), for in-store analytics and reporting.

- December 2019 - Emarsys announced that professional tool retailer Total Tools had chosen its retail marketing platform to deliver personalized, omnichannel customer experiences. Accordingly, Total Tools has deployed the Emarsys retail marketing platform, including its customer data platform and marketing automation tools, to collect and merge CRM data from its customers in one central location. With only one customer view, Total Tools will be able to personalize communications across multiple channels, including in-store, email, Facebook, Google, and its web platform.

Regional Analysis On Retail Automation Market-

North America is Expected to Hold Major Share

- The retail automation market in the United States is expected to be driven by the growing adoption of automation technologies by major players, such as Walmart and Amazon. Part of the adoption is also attributable to changing consumer preferences. A Digimarc study found that 88% of the American adults prioritize faster check out, over "slow checkout speeds" and "long lines." Major retailers in the region have adhered to such complaints and adapted to the quick and secure checkout process.

- Digital payment is set to become the preferred mode of payment for citizens across the United States, considering the e-commerce trends. Moreover, digital payment is the preferred mode of payment among millennials. Enabling traditional POS and mPOS devices to accept, mobile wallets such as Apple Pay, Android Pay, and Samsung Pay have eased out by streamlining the transaction process.

Prime Takeaways:

The Retail Automation Market report covers profiling of key market player with overall business operations, news coverage, product portfolio, geographic presence, and financial status.
Value chain analysis, which is combined with competitive landscape of key players of the Retail Automation
Market size and forecast of the Retail Automation market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.

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