Smart Retail Market Share, Trends, Size And Forecasting to 2032 | IBM (New York, US), Intel Corporation (California, US), Cisco Systems, Inc. (California, US)

Global Smart Retail Market Overview:

The Smart Retail Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Smart Retail market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

Global Smart Retail Market Segmentation:

Segmentation chapters allow readers to understand aspects of the market, such as its products, available technologies and their applications. These chapters are written in such a way as to describe how they have evolved over the years, and what course they are likely to choose in the coming years. The research report also provides detailed information on emerging trends that may determine progress in these segments in the coming years.

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Smart Retail is defined as an arrangement of internet of things (IoT) and big data analytics for retail purposes. This makes the various processes easy such as ticketing and billing, among others. Data analytics assist in keeping a track of all the past records in a convenient manner. Cloud computing solutions help in accessing the data remotely.

The expansion of retail sector across the globe acts as one of the major factors driving the growth of smart retail market. The increase in use of robots and automation to offer shopping convenience to customers, and increased use of smart technologies by retailers owning to the change in customer expectations accelerate the market growth. The adoption of big data analytics, blockchain, machine learning, and artificial intelligence technologies by retailers further influence the market. Additionally, rise in the adoption of Internet of things, rise in e-commerce sector, surge in disposable income and high focus on offering better shopping experiences positively affect the smart retail market. Furthermore, increase in number of smart stores to lead to rise in adoption of self-delivery vehicles extend profitable opportunities to the market players in the forecast period of 2022 to 2032.

Major Key Players Covered in this Report:

IBM (New York, US), Intel Corporation (California, US), Cisco Systems, Inc. (California, US), NXP Semiconductors N.V. (The Netherlands), Microsoft (Washington, US), Huawei Investment & Holding Co., Ltd (China), NVIDIA Corporation (California, US), Samsung Electronics (Suwon, South Korea), Google Inc. (California, US), PTC, Inc. (Massachusetts, US), Trigo (Israel), Standard Cognition (California, US), Caper Inc. (New York, US), Zippin (San Francisco, US), Walmart Inc. (Arkansas, US), Alibaba Group Holding Limited (Hangzhou, China), Amazon.com, Inc. (Washington, US), Albert Heijn BV (Ahold Delhaize) (Zaandam, the Netherlands), LOTTE (Seoul, South Korea), Estimote, Inc. (New York, US), AWM SMART SHELF (California, US), Smartcart (Helsinki, Finland), Cozy Infosystems (US), and Focal Systems Inc (California, US).

Major Market Developments

In January 2020, Intel Corporation collaborated with ARENA15 (Las Vegas), an experiential retail and entertainment complex. By using Intel's technology and solutions AREA15 aims to improve customer shopping experiences.

In January 2020, Intel Corporation collaborated with Sensormatic Solutions, a Johnson controls subsidiary, to deliver scalable, AI-powered solutions for retailers. Sensormatic Solutions will also leverage the Intel Distribution of OpenVINO toolkits, as well as Intel models for delivering its solutions to retailers.

In January 2020, Walmart Inc. entered into a partnership with Bossa Nova Robotics, a Bay area-based company, to deliver shelf-scanning inventory robots to 1,000 Walmart stores in the US.

In November 2019, Standard Cognition entered into a partnership with Mars Wrigley, a company that manufactures chocolates, chewing gums, mints, and fruity confections, to help Mars Wrigley with autonomous checkout solutions.

In October 2019, Caper Inc. entered into a partnership with Sobeys Inc., one of the largest grocery chains in North America, to deploy its smart cart technology. The partnership intended to commercialize Caper's products and step in the smart retail market.

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The research provides answers to the following key questions:

>> What is the estimated growth rate of the market for the forecast period 2022-2032? What will be the market size during the estimated period?

>> What are the key driving forces responsible for shaping the fate of the Smart Retail market during the forecast period?

>> Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Smart Retail market?

>> What are the prominent market trends influencing the development of the Smart Retail market across different regions?

>> What are the major threats and challenges likely to act as a barrier in the growth of the Smart Retail market?

>> What are the major opportunities the market leaders can rely on to gain success and profitability?

Regional Coverage:

The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:

>> North America includes the United States, Canada, and Mexico

>> Europe includes Germany, France, UK, Italy, Spain

>> South America includes Colombia, Argentina, Nigeria, and Chile

>> The Asia Pacific includes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia

Global Smart Retail Market Segmentation:

by System (Smart Payment Systems, Intelligent Vending Machines), Application (Foot-traffic Monitoring, Inventory Management), Retail Offering (Fast-moving Consumer Goods, Hardlines & Leisure Goods)

Highlighting points of the report:

>> The Smart Retail Market research report includes the qualitative and quantitative market value

>> This high-quality research report is prepared using both primary and secondary sources

>> The research examines the industry-changing elements of the market segments

>> It gives you a better insight into market factors and how you may use them to create future possibilities

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