Press release
Smart Retail Market to Surge from USD 29.84B in 2023 to USD 120.46B by 2030
Smart Retail Market
The global smart retail market is experiencing unprecedented growth, with projections indicating a rise from USD 29.84 billion in 2023 to an impressive USD 120.46 billion by 2030. This expansion represents a robust compound annual growth rate (CAGR) of 22.06% over the forecast period.
๐๐ฆ๐๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Smart retail integrates traditional shopping with advanced technologies such as Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), and the Internet of Things (IoT). This fusion enhances consumer experiences, optimizes inventory management, and streamlines store operations. Notably, the adoption of smart payment systems is accelerating globally, driven by the increasing demand for digital payment solutions and the digitization of retail outlets. Projections suggest that smart payment systems will constitute approximately 25% of the global smart retail market share by 2030.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/24096/
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐:
Vietnam's retail sector is witnessing significant mergers and acquisitions (M&A) activity. Notably, the Singapore-based sovereign wealth fund ๐๐๐ is vying for a 20% stake in ๐๐๐๐ก ๐๐จ๐ ๐๐๐ง๐ก, a prominent grocery store chain under ๐๐จ๐๐ข๐ฅ๐ ๐๐จ๐ซ๐ฅ๐. This potential deal underscores the attractiveness of Vietnam's retail market to foreign investors and is expected to invigorate M&A activities in the country.
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐ :
Thailand's retail landscape is evolving, with significant investments and acquisitions shaping the market. For instance, ๐๐ก๐๐ข๐๐๐ฏ acquired a substantial stake in ๐๐๐๐๐๐จ, Vietnam's leading beverage company, marking one of the largest transactions in the region. Such moves highlight Thailand's strategic efforts to expand its retail footprint in Southeast Asia.
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐:
Japan is experiencing a transformative phase in its retail sector, marked by notable M&A activities. A significant development includes the Canadian convenience store giant ๐๐ฅ๐ข๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ฎ๐๐ก๐-๐๐๐ซ๐ making an informal offer to acquire ๐๐๐ฏ๐๐ง & ๐ข ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ, the Japanese owner of 7-Eleven. If successful, this would represent the largest-ever takeover of a Japanese company by a foreign buyer, signaling a shift in Japan's corporate landscape.
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐:
South Korea's retail market is embracing technological advancements, with a focus on integrating AI and IoT to enhance consumer experiences. The country's tech-savvy population and high internet penetration rate make it a fertile ground for smart retail solutions, driving growth and innovation in the sector.
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐บ๐๐๐๐๐๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐:
Singapore continues to be a hub for retail innovation and investment. The interest of ๐๐๐ in acquiring a stake in Vietnam's ๐๐๐๐ก ๐๐จ๐ ๐๐๐ง๐ก reflects Singapore's strategic approach to expanding its retail investments in the Southeast Asian market, leveraging its financial prowess to tap into emerging opportunities.
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐จ๐ ๐๐๐๐๐๐ ๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐:
The United States retail market is at the forefront of adopting smart technologies. Retailers are increasingly implementing AI-driven analytics, AR/VR solutions, and IoT devices to enhance customer engagement and operational efficiency. This trend is propelling the growth of the smart retail market in the region.
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐๐ ๐ช๐๐๐๐:
China's retail sector is undergoing consolidation, exemplified by ๐๐๐๐๐๐'๐ฌ acquisition of a 29.4% stake in ๐๐จ๐ง๐ ๐ก๐ฎ๐ข ๐๐ฎ๐ฉ๐๐ซ๐ฌ๐ญ๐จ๐ซ๐๐ฌ for approximately USD 893 million. This strategic move positions MINISO as the largest shareholder in Yonghui, reflecting a trend of consolidation and strategic partnerships in China's retail industry.
๐บ๐๐๐๐ ๐น๐๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐ซ๐๐๐๐๐๐๐ ๐๐ ๐ฌ๐๐๐๐๐:
Europe's retail market is embracing smart technologies to enhance consumer experiences and operational efficiency. The integration of AI, AR, and IoT solutions is becoming prevalent, with retailers focusing on personalized shopping experiences and efficient supply chain management, driving the growth of the smart retail sector in the region.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ ๐ฌ๐ง๐๐๐ค ๐ฉ๐๐๐ค? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐๐ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐: https://www.maximizemarketresearch.com/request-sample/24096/
๐๐ฆ๐๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ ๐บ๐๐๐๐๐๐๐
Hardware
Software
According to Solution, the software industry is anticipated to increase at the fastest rate, with a compound annual growth rate (CAGR) of 23.15% from 2024 to 2030. The growing use of analytics software by retailers across the globe is driving the expansion of the smart retail market. This improves customer engagement and the buying experience by allowing them to comprehend the distinct wants and behaviours of end users. It is projected that this trend will generate significant analytics opportunities in smart commerce.
๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐
Visual Marketing
Smart Label
Smart Payment System
Intelligent System
Others (Robotics, Analytics)
By Application, the visual marketing sector holds the greatest smart retail market share of approximately 35% in 2023. Visual marketing is a cornerstone in driving the evolution of the smart retail sector. The importance of visual elements in engaging and involving customers has increased with the rise of digital signage, interactive displays, and augmented reality. Retailers provide engaging and customised experiences by exhibiting goods, special offers, and brand messaging in an immersive way through visual marketing. This tactic enhances the entire customer experience and creates a lively in-store atmosphere. Additionally, graphic marketing promotes impulse buys, aids in decision-making, and makes product discovery more efficient. Smart merchants successfully draw in customers, strengthen brand loyalty, and eventually increase sales and revenue streams by strategically utilising visual components.
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐ค๐๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/24096/
๐๐ฆ๐๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐:
North America Smart Retail Market Top Players:
1. IBM - United States
2. Intel Corporation - United States
3. Cisco Systems Inc. - United States
4. NVIDIA Corporation - United States
5. Google Inc. - United States
6. PTC Inc. - United States
7. Standard Cognition - United States
8. Caper Inc. - United States
9. Zippin - United States
10. Walmart Inc. - United States
11. Amazon.com Inc. - United States
12. Focal Systems Inc. - United States
13. Estimote Inc. - United States
14. AWM SMART SHELF - United States
15. Smartcart - United States
Europe Smart Retail Market Top Players:
16. NXP Semiconductors N.V. - Netherlands
17. Trigo - Israel
18. Albert Heijn BV - Netherlands
APAC Smart Retail Market Top Players:
19. Cozy Infosystems - India
20. LOTTE - South Korea
21. Huawei Investment & Holding Co. Ltd - China
22. Samsung Electronics - South Korea
๐๐จ๐จ๐ค ๐๐ญ ๐๐จ๐๐๐ฒ'๐ฌ ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ฌ:
Global Augmented Reality Packaging Market https://www.maximizemarketresearch.com/market-report/global-augmented-reality-packaging-market/102004/
Kinetic Tiles Market https://www.maximizemarketresearch.com/market-report/kinetic-tiles-market/184256/
Europe Functional Cosmetics Market https://www.maximizemarketresearch.com/market-report/europe-functional-cosmetics-market/126144/
Global Non-breathable Films Market https://www.maximizemarketresearch.com/market-report/global-non-breathable-films-market/44746/
Global Sports Apparel Embellishment Market https://www.maximizemarketresearch.com/market-report/global-sports-apparel-embellishment-market/35918
Pocket Knives Market https://www.maximizemarketresearch.com/market-report/pocket-knives-market/195629/
Global Eye Cosmetic Packaging Market https://www.maximizemarketresearch.com/market-report/global-eye-cosmetic-packaging-market/26227/
Global Processed Mango Product Market https://www.maximizemarketresearch.com/market-report/global-processed-mango-product-market/42767/
Global Sports Sun Care Market https://www.maximizemarketresearch.com/market-report/global-sports-sun-care-market/44967/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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