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(CityRegions.Com, June 02, 2018 ) Orbis Research has announced the addition of the "Global Retail Automation Market 2018 to store by company, by country, and by application/type for the competitive landscape analysis.
The global retail automation market was worth USD 10.43 billion in 2017 and is projected to reach USD 18.99 billion by 2023 at a CAGR of 10.02% over the period 20182023. The scope of the report is limited to products including point of sales (PoS), camera, barcode and RFID, and others and end user including supermarkets, single item stores, and others. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The study also emphasizes the benefits of retail automation by diverse application and the prospect of the same.
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Automation in the retail industry is replacing the traditional methods of the cash register and ledger models, making it much more convenient for the customers to complete their transaction in a short period. The trend is picking up significantly, as retailers are utilizing a blend of self-checkout frameworks, cell phones, advanced booths, and workforce & errand administration answers to sustain in the market. The retail industry is facing extensive & remarkable changes and with growing customer expectations, and increasing competition rivalry, retailers are required to provide a better experience at a low cost. Hence, to adapt to change, make better decisions, and to find new markets to exploit, retail automation is the best solution for retailers to improve service, products, and operations constantly. This is expected to fuel the retail automation market.
The major players include - DATALOGIC S.P.A, DIEBOLD NIXDORF, INCORPORATED, FUJITSU LIMITED, FIRST DATA CORPORATION, HONEYWELL INTERNATIONAL, INC., OUTERWALL INC., NCR CORPORATION, TOSHIBA GLOBAL COMMERCE SOLUTIONS, INC., PRICER, ZIH CORP., CASIO COMPUTER CO., LTD, QR RETAIL AUTOMATION (ASIA) SDN BHD, ECR SOFTWARE CORP, CARRENZA, XEROX CORPORATION, amongst others.
Growth in Retail Industry
Retail automation market grows in tandem with the retail industry, partly because market growth is expected to lead to an increase in demand for automation tools. The expanding incorporation of digital capabilities is projected to boost the use of automation, thereby propelling the market. The companies in retail industries are investing in technologies to understand the consumer behavior to shape their strategies, in order to sustain in the market. Consumers are demanding quality of product and service owing to, which the integration of automation in the retail industry is becoming a key part. Moreover, they are encouraging customers to go cashless, which is fueling the growth of retail industry thereby ascending the retail automation market.
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Supermarket to Exhibit the Highest Market Share
The number of supermarkets across the globe is increasing owing to the enormous rise in the consumers and growing demand for high-quality products. Also, consumers search every good in one place to purchase without comprising on quality and service, which is compelling the players to invest in supermarkets. This is likely to propel the growth of retail automation, owing to the robust analytics offered by the system, which helps in taking strategic decisions.
Asia-Pacific to Witness the Highest Growth
Rising disposable income at a high pace coupled with increasing investment in the Asia-Pacific is expected to ascend the retail industry. Additionally, altering lifestyle amongst customers is further anticipated to fuel the demand for diverse products, thereby propelling market growth. Moreover, the retail e-commerce industry in the region is witnessing bursting growth owing to convenience and increasing population.
Key Developments in the Market
January 2018: Toshiba displayed their technological innovation for the retail industry to deliver enhanced customer experience, which is expected to propel the sales of the company.
January 2018: Datalogic announced their new technology for retail industry at National Retail Federation, which is intended to lure new customers and increase their sales.
Reasons to Purchase the Report
To understand the prospective global retail automation market and opportunities.
Analyzing various perspectives of the market with the help of Porters Five Forces Analysis.
Complete regional analysis of the market.
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Browse Global Retail Automation Market 2018 @ http://www.orbisresearch.com/reports/index/global-retail-automation-market-segmented-by-product-point-of-sale-camera-barcode-and-rfid-end-user-supermarkets-single-item-store-and-region-growth-trends-and-forecast-2018-2023
Some of Major Point From Global Retail Automation Market 2018 Table of Content
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.2 Industry Value Chain
4.3.1 Growth in Retail Industry
4.3.2 Rising Demand for Quality and Fast Service
4.3.3 Increasing Demand for Automation Products in Retail
4.4.1 Lack of Skilled Personnel
4.5 Industry Attractiveness Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
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