Edison , NJ -- (SBWire) -- 04/08/2019 --Advance Market Analytics recently introduced Smart Retail Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2024. Smart Retail Market explores effective study on varied sections of Industry like opportunities, size, growth, technology, demand and trend of high leading players. It also provides market key statistics on the status of manufacturers, a valuable source of guidance, direction for companies and individuals interested in the industry.
Smart Retail Market Scope
Smart retail, a set of various smart technology such as connectivity, integration, big-data analytics, and IoT that are designed to give the consumer a greater, faster, safer and smarter experience when shopping. It allows the configuration of products and services tailored to individual preferences, and effective, efficient customer communications and retention. Increasing adoption of smartphones have witnessed tremendous growth in the past decade owing to the declining cost, improved standard of living, and Internet ubiquity.
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Major Key Players in This Report Include,
Intel (United States), NVIDIA (United States), IBM (United States), Samsung Electronics (South Korea), Google (United States), Microsoft (United States), Amazon (United States), Par Technology Corporation (United States), SoftBank Robotics Holdings Corp. (Japan) and Ingenico Group (France)
Market Trend
The Growth in Adoption of IoT Technology in Smart Retail Sector
Market Drivers
Increasing Adoption of Smartphones
Growing Need for Better Customer Services and Shopping Experience
Opportunities
Increasing Investment in Retail Industry
Directly Connect With End Users
Restraints
Data Security and Privacy Concerns With New Advanced Technologies
High Maintenance of Advanced Computing Systems
Challenges
Reluctance of Retailers
According to AMA, the Global Smart Retail market is expected to see growth rate of 25.0% and may see market size of USD39.1 Billion by 2024.
The market study is being classified by Type, by Application (Visual Marketing, Smart Label, Smart Payment System, Intelligent System, Robotics, Analytics and Other) 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).
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The research methodology used to estimate and forecast the Smart Retail Market began with capturing data from the key vendors' revenue and market size of the individual segments through secondary sources, industry associations, and trade journals, such as the World Analytics Association and the Cloud Native Computing Foundation. The bottom-up procedure was employed to arrive at the overall market size of the market from the individual segments. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with the key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub segments.
Table of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Increasing Adoption of Smartphones
3.2.2. Growing Need for Better Customer Services and Shopping Experience
3.2.3. Decreasing Cost of Electronics Components
3.2.4. Emergence of New Technologies Creates New Revenues for Retailers
3.3. Market Challenges
3.3.1. Reluctance of Retailers
3.4. Market Trends
3.4.1. The Growth in Adoption of IoT Technology in Smart Retail Sector
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
4.4. Market Entropy
4.5. Patent/Trademark Analysis
5. Global Smart Retail, by Application, Technology, Solution and Region (value and price ) (2013-2018)
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Smart Retail Market Is Expected to See Growth Rate of 25.0% and May See Market Size of USD39.1 Billion by 2024 : Intel, NVIDIA, IBM, Samsung, Google
Smart Retail Comprehensive Study by Application (Visual Marketing, Smart Label, Smart Payment System, Intelligent System, Robotics, Analytics, Other), Technology (Bluetooth, NFC), Solution (Hardware, Software) Players and Region - Global Market Outlook to 2024