About Smart Shopping Cart
Smart shopping cart is defined as the software which is used in e commerce to assist people making purchases online. It provides automated billing purpose using wireless sensor networks. There are various advantages of smart shopping cart such as safer shopping, convenient shopping, easy payments, a single hub for data management, an official storefront for business, shopping analytics & performance management, among others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Smart Shopping Cart market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), IBM Corp (United States), V-Mark Enterprise Limited. (Canada), Fujitsu Ltd. (Japan), Media Cart Holdings, Inc. (United States), SK Telecom Co., Ltd. (South Korea), The Japan Research Institute, Limited (Singapore) and Toshiba Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Smart Shopping Cart market by Type (Open source Shopping Cart, Hosted Shopping Cart and CMS + eCommerce Plugin), Application (Supermarket, Shopping Malls and Others) and Region.
On the basis of geography, the market of Smart Shopping Cart has been segmented into 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). If we see Market by Smart Payment System in Shopping Cart, the sub-segment i.e. E-Payment will boost the Smart Shopping Cart market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging New Technologies Creates New Revenues for Retailers
Market Growth Drivers:
Increasing Number of Shopping Mall in Developing Countries and Mounting Need for Better Customer Services and Shopping Experience
Challenges:
Lack of advanced eCommerce features and Less Customizable
Restraints:
High Maintenance of Advanced Computing Systems and Issue related to Can of Read-Only Single Items in this Prototype
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others and Increasing Investment in Retail Industry
In October 2018, the Walmart company has planned to launch net-connected trolley, which can easily tack grip, shopper's heart rate, temperature, among others. Therefore, it will affect the growth of the market in the future.
Key Target Audience
Smart Shopping Cart Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.