Retail Automation Market, By Type (Point of Sale, Cameras, Self-Checkout, Barcode & RFID, Automated

Published Date: | Report Code : IT1950573

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Increasing demand for quick and efficient services is expected to drive the growth of the Retail Automation Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Automation is currently taking over the retail industry. Automation in the retail industry translates to the replacement of traditional methods of using the ledger and the cash register. Due to automation, it is easier for customers to finish their transaction at a faster pace.

The retail automation market has been segmented on the basis of type and end-user. Based on type, the market has been segmented into point of sale, cameras, self-checkout, Barcode & RFID, automated conveyors, and electronic shelf labels.

Based on end-user, the market has been segmented into hypermarkets, supermarkets, single item stores, retail pharmacies, fuel stations, and others. The supermarket’s segment is expected to grow, as customers can find necessary items under one room. However, high initial investment and dependency on the Internet and electricity can hinder the market growth. 

Key Factors Impacting Market Growth:

  • Increasing demand for quick and efficient services
  • The operational cost of retailers is optimized 

Key Developments:

  • In January 2018, Toshiba (Japan) displayed technological innovation in automation for the retail industry to deliver enhanced customer experience, which is expected to propel the sales of the company.
  • In January 2018, Datalogic (Italy) announced its new technology for the retail industry at the National Retail Federation, which is intended to attract new customers and increase sales.
  • In April 2017, Fujitsu (Japan) and Grind Inc. (US) entered into a partnership that both the companies would jointly develop AI services by combining Fujitsu’s Zinrai and Grid’s ReNom platforms. This partnership is expected to help in transforming the business of Fujitsu, in different areas, such as manufacturing, retail, and distribution.

Regional Outlook: 

By region, the retail automation market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of the retail automation market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America retail automation market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: Honeywell Scanning and Mobility, Datalogic S.p.A, First Data Corporation, NCR Corporation, Fujitsu Limited, Toshiba Global Commerce Solutions Inc., KUKA AG, Wincor Nixdorf AG, Zebra Technologies Corporation, Pricer AB, Posiflex Technology Inc., and E & K Automation GmbH. 

Market Segmentation:

By Type:

  • Point of Sale
  • Cameras
  • Self-Checkout
  • Barcode & RFID
  • Automated Conveyors
  • Electronic Shelf Labels 

By End User:

  • Hypermarkets
  • Supermarkets
  • Single Item Stores
  • Retail Pharmacies
  • Fuel Stations
  • Others

 By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End-User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-User
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By End-User

Reasons to Buy This Report:

  • Market size estimation of the retail automation market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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