Global Retail Automation Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2023 –2030 |
Marktgröße (Basisjahr) | USD 16,550.00 Million |
Marktgröße (Prognosejahr) | USD 34,530.00 Million |
CAGR |
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Wichtige Marktteilnehmer |
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Global Retail Automation Market, By Component (Hardware, Software), Type (Point of Sales, Barcode and RFID, Electronic Shelf Labels, Cameras, Autonomous Guided Vehicle, Automatic Storage and Retrieval System, Automated Conveyor, Warehouse Robotics, Others), Implementation (On-Store Premise, On-Warehouse), End-User (Hypermarkets, Supermarkets, Single Item Stores, Petrol Pumps/Fuel Stations, Hospitality, Retail Pharmacies) - Industry Trends and Forecast to 2030.
Retail Automation Market Analysis and Size
The global retail automation market is segmented on the basis of component, type, implementation, and end user.The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the global retail automation market which was USD 16,550 million in 2022, would rocket up to USD 34,530 million by 2030, and is expected to undergo a CAGR of 9.8% during the forecast period. This indicates the market value. “Hardware” dominate the system component segment of the global retail automation market due to hardware components are physical devices that provide the foundation for retail automation systems. These devices, such as POS terminals, self-service kiosks, and electronic shelf labels, are tangible and essential for automating various retail processes. They enable tasks such as sales transactions, inventory management, and customer interactions. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Retail Automation Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customisable to 2015-2020) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered |
By Component (Hardware, Software), Type (Point of Sales, Barcode and RFID, electronic shelf labels, Cameras, Autonomous Guided Vehicle, Automatic Storage and Retrieval System, Automated Conveyor, Warehouse Robotics, Others), Implementation (On-Store Premise, On-Warehouse), End-User (Hypermarkets, Supermarkets, Single Item Stores, Petrol Pumps/Fuel Stations, Hospitality, Retail Pharmacies) |
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa |
Market Players Covered |
NCR Corporation (U.S.), Toshiba Global Commerce Solutions (Japan), Diebold Nixdorf, Incorporated (U.S.), Fujitsu Limited (Japan), Honeywell International Inc. (U.S.), Wincor Nixdorf AG (Germany), Zebra Technologies Corporation (U.S.), Datalogic S.p.A. (Italy), Panasonic Corporation (Japan), Posiflex Technology, Inc. (Taiwan), Ingenico Group (France), Verifone Systems, Inc. (U.S.), Epson America, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea) |
Market Opportunities |
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Market Definition
Retail automation refers to the type of technology that operates as a fully automatic retail stores with the integrations of software. The retail automation consumes less time in purchasing and consumers can browse the products using a touchscreen interface. The retail automation enables the selection of the product of their choice to proceed to pay for it using debit or credit card.
Global Retail Automation Market Dynamics
Drivers
- Shift in Company Business Operations
The rise in shift in company business operations because of the pandemic-induced work-from-home is one of the major factors driving the growth of retail automation market. Also, the integration of cognitive technologies along with change in business processes across enterprises has a positive impact on the market.
- Need for Automating Redundant Tasks
The increase in need for automating redundant tasks accelerate the market growth. Automation induces execution, arrangement of the large volume of data in less time and quick implementation compared to mechanical procedure and reduces overhead expense for enterprises.
- Adoption of Advanced Technologies
The rise in integration of retail automation with machine learning to help in advancing the capabilities of software bots further influence the market. Artificial Intelligence (AI) in RPA offers enhanced business insights, and improved data integrity.
In addition, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the retail automation market.
Opportunities
- Rise in Demand for Robotic Process Automation in the Logistics Industry
The rise in demand for robotic process automation (RPA) in the logistics industry presents an opportunity for the global retail automation market. RPA involves the use of software robots or intelligent automation to automate repetitive and rule-based tasks, improving operational efficiency and reducing costs. This technology has several implications for the retail sector, particularly in supply chain and logistics operations.
Restraints/
- High Cost of Implementation
Deploying automation technologies such as POS systems, self-service kiosks, or robotic systems requires significant upfront investments in hardware, software, and infrastructure. In addition, there may be costs associated with training staff and integrating the new systems with existing ones. For some retailers, especially small and medium-sized businesses with limited budgets, the high cost of implementation can be a barrier to adopting retail automation solutions.
- Integration Complexity
The retail industry typically operates with diverse systems and technologies, making integration a complex process. Integrating new retail automation solutions with existing infrastructure, such as legacy systems, databases, and supply chain networks, can be challenging. Compatibility issues, data migration, and the need for seamless connectivity pose hurdles that need to be overcome to ensure smooth integration and interoperability.
This global retail automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In April 2023, Toshiba Global Commerce Solutions unveiled its Global Services Command Center, a "mission control" site that offers retailers enhanced intelligence and proactive availability services for their retail store systems. The center enables remote monitoring, diagnostics, and issue resolution, allowing retailers to maintain system health and minimize downtime without requiring their direct involvement.
- In January 2019, NCR Corporation launched its transformative store architecture solution, NCR Software Defined Store (SDS), enabled by Zynstra. Pilot Flying J, the largest operator of travel centers in North America, is deploying this virtualization solution to create an agile infrastructure, reducing costs and optimizing operations for faster innovation across its network of more than 750 travel centers.
Global Retail Automation Market Scope
The global retail automation market is segmented on the basis of component, type, implementation, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Barcode Scanner
- Vending Machines
- E-Pos Systems
- Self-Scan Checkout Systems
- Others
- Software
Type
- Point of Sales
- Barcode and RFID
- Electronic Shelf Labels
- Cameras
- Autonomous Guided Vehicle
- Automatic Storage and Retrieval System
- Automated Conveyor
- Warehouse Robotics
- Others
Implementation
- On-Store Premise
- On-Warehouse
End-User
- Hypermarkets
- Supermarkets
- Single Item Stores
- Petrol Pumps/Fuel Stations
- Hospitality
- Retail Pharmacies
Global Retail Automation Market Region Analysis/Insights
The global retail automation market is analyzed and market size insights and trends are provided by region, component, type, implementation, and end user, as referenced above.
The regions covered in the global retail automation market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global retail automation market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
North America is expected to dominate the global retail automation market because of the high adoption of automation technology by key companies, the growing popularity of e-commerce, and the rising labor costs.
Asia-Pacific is the fastest-growing country in the global retail automation market as retailers in the region are increasingly adopting automation technology to improve efficiency, reduce costs, and enhance customer experience, and this trend is expected to continue in the coming years.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Semiconductor Infrastructure Growth Installed base and New Technology Penetration
The global retail automation market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global retail automation market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Retail Automation Market Share Analysis
The global retail automation market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global retail automation market.
Some of the major players operating in the global retail automation market are:
- NCR Corporation (U.S.)
- Toshiba Global Commerce Solutions (Japan)
- Diebold Nixdorf, Incorporated (U.S.)
- Fujitsu Limited (Japan)
- Honeywell International Inc. (U.S.)
- Wincor Nixdorf AG (Germany)
- Zebra Technologies Corporation (U.S.)
- Datalogic S.p.A. (Italy)
- Panasonic Corporation (Japan)
- Posiflex Technology, Inc. (Taiwan)
- Ingenico Group (France)
- Verifone Systems, Inc. (U.S.)
- Epson America, Inc. (U.S.)
- Cisco Systems, Inc. (U.S.)
- Samsung Electronics Co., Ltd. (South Korea)
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