Market Highlights: Retail Automation used to offers integrated tools that manage the retail activities such as product handling, task management, store audits, workforce management, time & attendance and others. Retail Automation market is expected to mark significant growth over forecasted period owing to increasing consumers spending on cell phones, advanced booths, and workforce & errand administration answers to sustain in the market. There has been significant rise in number of artificial intelligence deployment in retail centers with figure stood up to 28% in United States alone in 2018, the future for Retail Automation looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the IT, E-commerce, sector. Further, increasing demand for the consumer intelligence expected to drive the market growth over the forecasted period. The market study is being classified by Type (PoS, Barcode & RFID, Barcode & RFID, Electronic Shelf Labels (ESL), Autonomous Guided Vehicle (AGV), Automatic Storage and Retrieval (ASRS) and Automated Conveyor), by Application (Hypermarkets, Supermarkets, Single Item Stores, Fuel Stations and Retail Pharmacies) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Retail Automation are Datalogic S.p.A (Italy), NCR Corporation (United States), First Data Corporation (United States), Toshiba Global Commerce Solutions Inc. (United States), Fujitsu Limited (Japan), KUKA AG (Germany), Honeywell Scanning and Mobility (United States), Zebra Technologies Corporation (United States) and Wincor Nixdorf AG (Germany).
Major Market Development Highlights In October 2019, Bluecore buys retail tech startup Betaout. This acquisition is beneficial in providing marketing automation solutions that serves E-commerce. It also offers platform that allows customers to build user intelligence databases and provides tools to engage with users through email, live chat, SMS, and others. In January 2019, Retail Automation Company launched a 3D facial biometric age verification device which is beneficial in providing intelligent biometric algorithm to verify the customers age. It also offers exciting new products to both the gaming and retail markets.
Key Questions Answered in the Report What will the Retail Automation Market size and the growth rate be in Future? What are the key factors driving the Retail Automation Market? What are the key market trends and macro-economic impacting the growth of the Retail Automation Market? What are the challenges to market growth? Who are the key vendors in the Retail Automation Market? What are the market opportunities and threats faced by the vendors in the Retail Automation Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Retail Automation Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Retail Automation market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Retail Automation market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Retail Automation Manufacturers, Retail Automation Traders, End-Use Market Participants of Different Segments of Retail Automation, Government and Research Organizations, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.