Consumer & Luxury Goods Market Research News

Smart Retail Industry to achieve significant growth in the near future

Smart Retail

The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Global Smart Retail Industry to reach USD 59.02 billion by 2025. Global Smart Retail Industry valued approximately USD 8.56 billion in 2016 is forecasted to grow with a healthy growth rate of more than 23.90% over the forecast period 2018-2025.

The Industry growth is primarily attributed to prominent new technologies generates new incomes for retailers, growing espousal of smartphones, diminishing costs of electronics components, rising demands for the better shopping experience and customer services.  Smart retail is a term that is used to describe a set of smart technologies which are intended to give the consumer a safer, faster, greater, and smarter experience when shopping.

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The regional analysis of Global Smart Retail Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of Industry share.

Moreover, North America region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

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Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The major market players in Smart Retail Industry players include Google, Intel, Par Technology Corporation, NVIDIA, Microsoft, IBM, Amazon, Samsung Electronics, SoftBank Robotics Holdings Corp., Verifone Holdings, Inc., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.

The detailed segments and sub-segment of the Industry are explained below:

By Application

  • • Intelligent System

            o Smart Cart

            o Interactive Kiosk

            o Intelligent Vending Machine

            o AR/VR

  • • Robotics
  • • Visual marketing
  • • Smart Payment System
  • • Analytics
  • • Smart Label
  • • Others

By Region

North America

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa

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