Retail automation market analysis & forecast report categorizes global market by product type (physical electronic POS and unattended terminal), industry (food/non-food, oil & gas, transport & logistics, healthcare & personal care, and hospitality), & geography.
Dallas, TX -- (SBWIRE) -- 01/07/2015 -- According to a new market research report "Retail Automation Market by Product Type (Physical Electronic POS and Unattended Terminal), Industry Vertical (Food/Non-food, Oil & Gas, Transport & Logistics, Healthcare & Personal Care, and Hospitality), & Geography - Analysis & Forecast to 2014 - 2020", the total retail automation market was valued at $93.04 billion in 2013 and is expected to reach $275.43 billion by 2020, at a CAGR of 16.7% between 2014 and 2020.
Browse 78 market data tables and 108 figures spread through 180 pages and in-depth TOC on "Retail Automation Market.
Several initiatives and strict regulations have been undertaken by governments of various regions, coupled with the increasing need to save costs by retailers; the demand for retail automated products has witnessed a sharp growth. The concept of Retail Automation has been in existence for a long time and has witnessed significant growth, in the last five years. The lucrative rate of growth rate of the retail market in future, growing demands of customers for better quality service, reduced cost to retailers, and increase in demand of retail automated products are the major drivers that are expected to propel the market, in the coming years.
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The concept of retail automation has been in existence for a long time and has witnessed profound growth in the last five years. The stringent regulations being imposed by the governments augmented by the increasing need to save costs by retailers are the primary factors contributing to the growth of this market. The growing awareness of wireless technologies and the developments towards the integration of such technologies with retail automation products is expected to propel the market in the future.
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The report's detailed segmentation by product type, by industry vertical, and by geography covers the overall retail automation market.
In terms of product type, the retail automation market is classified into physical electronic point-of-sale (POS) terminal and unattended terminal. An unattended terminal, which is further segmented into vending machine and self-checkout system, has dominated the Americas retail automation market. The growth is attributed to the strengthened economy of America and also due to the increase in micro markets, which focus on a selected group of consumers and offer wide range of "better for you" products.
Apart from the market segmentation, the report also covers Porter's five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the overall retail automation market.
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