Pune, India -- (SBWIRE) -- 11/16/2017 -- Market Highlights
The study reveals that retail automation is trending in North America region. The retail automation demand is growing very rapidly as the technological advancements in retail industry are influencing retail touch points and retail tech. It provides improved service to the customer at a very low cost. These services have changed the buying experience. There are various factor that drives the market growth such as demand of customers to improve the service quality, appreciation for automation in retail and others.
In North America region, the retail automation has been growing exponentially in last five years. The RFID technology has driven smart card system which offers the purchasing power of the customers without bothering about tickets. Moreover, the retail automation provides a path for the national brand and retailers to make the sales channels. These sales channel will reach to each customers in an innovative way. In U.S., Point of Sale retail was estimated to be maximum revenue of about 92 percent of total retail dollar volume in 2013.
The global Retail Automation Market is growing rapidly over ~11 % of CAGR and is expected to reach at USD ~ 18 Billion by the end of forecast period.
The prominent players in the global retail automation market are – Fujitsu Limited (Japan), Toshiba Global Commerce Solutions Inc. (US), Honeywell Scanning and Mobility (US), Posiflex Technology, Inc. (Taiwan), E&K Automation GmbH (Germany), First Data Corporation (US), Kuka AG (Germany), Wincor Nixdorf AG (Germany), Zebra Technologies Corporation (US), NCR Corporation (US), and Kiosk & Display LLC (US) among others.
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Market Research Analysis:
On geographic basis, global Retail automation market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the retail automation market due to the major companies including Toshiba Global Commerce Solutions Inc. (US), Honeywell Scanning and Mobility (US), are investing in providing better services at the fastest way to the customers. In this market, Europe is to be estimated to be the second largest market share for retail automation during the forecast period.
The global Retail automation market has been segmented on the basis of type, components, end-users, and region.
Global Retail automation market by Type:
- Electronic Shelf Labels
- Point of Sale
- Automatic Storage and Retrieval
- Barcode & RFID
- Autonomous Guided Vehicle
- Automated Conveyor
Global Retail automation market by Components:
Global Retail automation market by End-Users:
- Single Item Stores
- Fuel Stations
- Retail Pharmacies
Global Retail automation market by Regions:
- North America
- Rest of the World
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- Semiconductor component manufacturers and distributors
- Technology consultants and system integrators
- Equipment distributors and suppliers
- Research and development companies
- Market research and consulting firms
- Technology standards organizations
- Technology investors
- System Integrators
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