Retail Automation Market 2022: Size, Share, Trends, Industry Analysis and Forecast 2027

According to the latest report by IMARC Group, titled "Retail Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global retail automation market reached a value of US$ 15.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.3 Billion by 2027, exhibiting a CAGR of 9.59% during 2022-2027.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Download free sample of the report: https://www.imarcgroup.com/retail-automation-market/requestsample

Retail Automation Market Industry Definition and Application:

The term "retail automation" describes the numerous technologies employed by retail establishments to streamline, automate, and simplify routine tasks. To guarantee that duties are carried out consistently and accurately, it also includes software where managers can define certain parameters. Self-checkout systems, touch-enabled point of sale (POS) terminals, mobile apps, service kiosks, etc. are all examples of retail automation. Numerous retail processes, such as order fulfilment, purchasing, data aggregation, etc., can be automated using these technologies. Retail automation helps to increase productivity, decrease human error, enhance the in-store experience, routinely update data, etc. These solutions are widely used in crowded places including shopping malls, airports, resorts, and transit hubs.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Retail Automation Market Trends and Drivers: 

One of the main drivers of the retail automation market is the rising need for business process optimization in the retail sector. Accordingly, the increase in research and development (R&D) projects focused at expanding the potential of virtual marketing in the retail industry is fueling the market's expansion. The global market is also expanding as a result of the increased demand to automate many manual activities, including bookkeeping, inventory management, accounting, etc., in order to save time and increase efficiency. A important additional aspect driving increase in automation is the introduction of real-time analytics. In addition, it is projected that over the forecasted period, rising security issues, such as inventory theft and loss, will drive the retail automation industry.

Browse full report with TOC: https://www.imarcgroup.com/retail-automation-market

Retail Automation Market Segmentation:

The report has segmented the market on the basis on region, type, implementation, end user.

Breakup by Type:

Point-of-Sale (POS)
Barcode and RFID
Electronic Shelf Label (ESL)
Camera
Autonomous Guided Vehicle (AGV)
Others

Breakup by Implementation:

In-store
Warehouse

Breakup by End User:

Supermarkets and Hypermarkets
Single Item Stores
Fuel Stations
Retail Pharmacies

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the Major Retail Automation Key players?

AGS Transact Technologies Ltd., Diebold Nixdorf Incorporated, Fiserv Inc., Fujitsu Limited, Honeywell International Inc., NCR Corporation, Olea Kiosks Inc, Posiflex Technology Inc., Probiz Technologies Prvt, Sea Point China Limited, Simbe Robotics Inc. and Zebra Technologies Corporation.

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