Retail Automation Market Research Report - Global Forecast till 2026 Share, Analysis, Trend, Size, Growth and Forecast to 2027 | Impact of COVID-19

Market Highlights

The rapid transformation in the retail sector has been induced in recent times due to the global pandemic, which is also significantly transforming the retail automation market 2020. The software reports are made by Market Research Future, which includes market options for progress. A USD 18 Billion is predicted to be attained by the market at an 11% CAGR by 2023.

The need to access quick facilities at reasonable prices is one of the dominant factors inspiring the development in the retail automation market. Market stakeholders strongly advocate automation in the retail industry, and this factor is estimated to propel the retail automation market.

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Segmentation:

The segmental investigation of the retail automation market is conducted on the basis of component, components, end-users, type, and region. The type-based segmentation of the retail automation market comprises of point of sale, automatic storage and retrieval, autonomous guided vehicle, barcode & RFID, automated conveyor, electronic shelf labels, and others. The component-based of the retail automation market comprises of software, services, hardware, and others. Based on the end-users, the retail automation market consists of retail pharmacies, hypermarkets, supermarkets, fuel stations, single item stores, and others. Based on the region, the retail automation market is segmented into Europe, North America, Asia Pacific and other significant regional markets.

Detailed Regional Analysis

The regional scrutiny of retail automation market is being conducted for regions such as Europe, North America, Asia Pacific and other significant regional markets. The retail automation market in the North American region is one of the foremost across the world in terms of the market segment as the RFID systems are developing and tags are less costly which benefits the various administrations to capitalize in the retail automation market. The regional market of the European region is projected to observe speedy progress in the upcoming period. Although, the countries in the Asia-Pacific such as Japan, China, and India are evolving markets for retail automation and are expected to be the uppermost CAGR in the approaching years owing to the soaring growth in infrastructural building schemes in this region.

Competitive Analysis

The emphasis on accelerating growth is estimated to take the main stage in the forecast period. The need to effectively engage customers in all of their geographical markets is estimated to help the market overcome the hindrances being faced currently. The necessity to establish a unique advantage in the market is reviewed to have a substantial influence on the global market. The market is predicted to guide its future growth with the inclusion of a balance of innovation and continual product enhancement. Besides, the need to ensure that the long-term sustainable growth goals are not comprised due to the existing difficulties is foreseen to be extremely important for the market stakeholders. The trends predominant in the market are contributing considerably to the market's progress. The market contenders are estimated to support the growth enabling factors and thus are estimated to pull the market out of the depression due to the ongoing global pandemic.

The outstanding players in the retail automation market are Toshiba Global Commerce Solutions Inc. (US), Zebra Technologies Corporation (US), NCR Corporation (US), Honeywell Scanning and Mobility (US), E&K Automation GmbH (Germany), First Data Corporation (US), Fujitsu Limited (Japan), Kuka AG (Germany), Wincor Nixdorf AG (Germany), Posiflex Technology, Inc. (Taiwan), and Kiosk & Display LLC (US) among others.

Industry Updates:

July 2020 FamilyMart, a store operator in Japan has stated its campaign to use robot workforces at 20 stores from place to place in Tokyo by 2022. Initially, people will run them remotely until the machines' artificial intelligence (AI) can study to mimic human activities. The competing convenience store chain Lawson is also expected to deploy its first robot in September, this year.

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Retail Automation Market Research Report: Information By Type (Electronic Shelf Labels, Point of Sale, Kiosk, Automatic Storage and Retrieval, Barcode & RFID, Automated Conveyor and Others), Component (Hardware, Software and Service), End-User (Hypermarkets, Retail Pharmacies, Supermarkets, Single Item Stores, Fuel Stations and Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2026

Related Article @ http://www.nostre.com/blogs/post/70787

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