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Retail Automation Market Anticipates Exponential Growth to USD 53.01 Billion By 2032

08-28-2024 07:20 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Retail Automation Market

Retail Automation Market

The global retail automation market was valued at USD 24.13 billion in 2023. Looking forward, the market is projected to grow to USD 53.01 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.2% over the forecast period from 2024 to 2032.

The requirement to maximize functional workflows in the retail industry is the primary factor propelling the market forward. Besides, the acquisition of retail automation software provides thorough clarity and abolishes repetition, which is projected to spur the industry demand over the estimated period.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/retail-automation-market/request-for-sample

Automation industry-wide is executed by firms with a requirement to decrease prices, enhance productivity, and push customer involvement. Retail automation is all about utilizing inventive instruments and technologies to enhance procedures and sanction productivity in operations. It frequently involves software or technology explanations to precisely and continually conclude monotonous chores that are otherwise excessively wearisome. Initiating technology to manage wearisome, monotonous, and mundane retail chores not only renders things simpler for the employees but also assists in deposing the tariffs in the procedure. Customary retail procedures that would flourish with minimum human mediation can be adequate contenders for automation.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐ƒ๐ž๐ž๐ฉ ๐ƒ๐ข๐ฏ๐ž

Prominent players in the industry encourage a thorough commodity portfolio, procuring an aggressive advantage. Some of the prominent players operating in the retail automation market include:

โ€ข 6 River Systems LLC
โ€ข Amazon Web Services, Inc.
โ€ข Casio Computer Co. Ltd.
โ€ข Datalogic S.p.A.
โ€ข Diebold Nixdorf, Incorporated.
โ€ข E&K Automation GmbH
โ€ข ECR Software Corporation
โ€ข Honeywell Scanning and Mobility
โ€ข Kiosk & Display LLC
โ€ข Kuka AG
โ€ข NCR Corporation
โ€ข Pricer AB
โ€ข Toshiba Global Commerce Solutions Inc.
โ€ข Wincor Nixdorf AG
โ€ข Zebra Technologies Corporation

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.polarismarketresearch.com/industry-analysis/retail-automation-market/inquire-before-buying

๐‘๐ž๐ญ๐š๐ข๐ฅ ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Warehouse segment expected to grow at the fastest rate, to improve workflow efficiency, reducing errors, and time management
โ€ข POS segment held the largest share, as there is surge in the cloud-based deployments among SMEs
โ€ข Hypermarket will grow rapidly, to manage work efficiently & to reduce manual repetitive errors
โ€ข North America dominated the market, owing to rapid rise in retail automation across all industries

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Owing to the extensive acquisition of automation technology by prominent businesses and a flourishing e-commerce market, North America is expected to experience significant growth. Further, several makers have selected to set up their existence in the region, allured by a sizeable customer base and possibilities for achieving economies of scale. Besides, the increasing prices linked with labor are impacting the regional market demand favorably.
โ€ข With a sizeable escalation in aggregate of SMEs and these businesses are diligently enfolding automation technology, Asia Pacific exhibits robust growth and innovation. Surfacing technologies are providing several approaches for improving functional productivity spanning from loading dock to checkout line.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/retail-automation-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐ซ๐ž๐ญ๐š๐ข๐ฅ ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ข๐ฆ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง, ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ, ๐š๐ง๐ ๐ž๐ง๐ ๐ฎ๐ฌ๐ž:

๐‘๐ž๐ญ๐š๐ข๐ฅ ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐ˆ๐ฆ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข In-store
โ€ข Warehouse

๐‘๐ž๐ญ๐š๐ข๐ฅ ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Point-of-Sale (POS)
โ€ข RFID & Barcode
โ€ข Camera
โ€ข Electronic Shelf Label
โ€ข Warehouse Robotics
โ€ข Others

๐‘๐ž๐ญ๐š๐ข๐ฅ ๐€๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐„๐ง๐ ๐”๐ฌ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Hypermarkets
โ€ข Single Item Stores
โ€ข Supermarkets
โ€ข Fuel Stations
โ€ข Retail Pharmacies
โ€ข Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Blockchain Technology Market: https://www.polarismarketresearch.com/industry-analysis/blockchain-technology-market
Smart Locks Market: https://www.polarismarketresearch.com/industry-analysis/smart-locks-market
Cloud Monitoring Market: https://www.polarismarketresearch.com/industry-analysis/cloud-monitoring-market
Identity and Access Management (IAM) Market: https://www.polarismarketresearch.com/industry-analysis/identity-access-management
Fog Computing Market: https://www.polarismarketresearch.com/industry-analysis/fog-computing-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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