Industry Background:
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.
According to AMA, the market for Retail Automation is expected to register a CAGR of 10.67% during the forecast period to 2026. This growth is primarily driven by Increasing Demand for Quality and Fast Services. and Rapid Demand for Retail Automation Products..
Globally, a noticeable market trend is evident Value Oriented Consumers
. The Systems Software sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- Increasing Demand for Quality and Fast Services.
- Rapid Demand for Retail Automation Products.
Market Trend
- Value Oriented Consumers
- Substitutes Available For Retail Automation
Restraints
- High Cost Associated With Retail Automation Hampers the Market.
- Fluctuation of Internet and Electricity
Opportunities
Proliferation of Augmented Reality and Virtuality Reality in Retail Leads to Grow the Market. and Upsurge Demand of Retail Automation in Business Optimization.
Challenges
Limitation due to Risk at Unattended Terminals are Anticipated to Challenge the Market. and Lack of Knowledge Regarding Terminal Operability.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Retail Automation Study Sheds Light on
The Retail Automation Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Retail Automation industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Retail Automation industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.