Retail Automation Market:Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027
Valley Cottage, NY -- (SBWIRE) -- 09/20/2017 -- Retail automation to disrupt the FMCG and hospitality industries
The FMCG and hospitality industries are leveraging retail automation extensively to make full use of technological advancements to enhance the customer experience. Feature automation helps eliminate assisted retail tasks and ensures better management of the storefront, besides facilitating a rich and superior shopping experience. Of the various end-use industries that are going the automation way, the FMCG sector is anticipated to dominate the global retail automation market in terms of value, with about US$ 6,400 Mn in revenue projected to be recorded by the end of 2027. This is a massive increase from just about US$ 2,019 Mn estimated by the end of 2017, and is reflective of a CAGR of 12.2% in terms of value over the forecast period (2017 – 2027). Hospitality is the second largest end-use industry segment in the global retail automation market, with market revenue expected to reach US$ 5,734.5 Mn by the end of the forecast period in 2027 and a CAGR of 11.9%. The FMCG segment is expected to register high Y-o-Y growth throughout the forecast period and will remain dominant in terms of revenue share during the period of forecast.
Browse The Report:https://www.futuremarketinsights.com/reports/retail-automation-market
Regional forecast of the retail automation market by industry
North America: Hospitality is the largest segment in the North America retail automation market with estimated revenue of about US$ 1,795 Mn by the end of 2027. With a CAGR of 11.7%, the Hospitality segment will dominate the North America market for retail automation in terms of revenue share. FMCG is the second largest segment in the North America market with estimated revenue to the tune of more than US$ 1,500 Mn by the end of 2027. However, in terms of CAGR, FMCG is slated to be at the top position with a growth rate of 12.2%. FMCG will also remain the most attractive segment in the North America retail automation market.
Western Europe: FMCG will remain the largest segment by industry in the Western Europe retail automation market, with an estimated value of just under US$ 870 Mn by the end of 2027. Following a close second will be the Hospitality segment at about US$ 840 Mn by 2027 end. FMCG is the most attractive and dominant segment by industry and will register high Y-o-Y growth throughout the forecast period.
Asia Pacific Excluding Japan (APEJ): FMCG and Hospitality will be the leading industry segments in the APEJ retail automation market throughout the forecast period. FMCG will lead the APEJ market with an estimated value to the tune of just under US$ 1,327 Mn by the end of 2027, with Hospitality following very closely at about US$ 1,230 Mn by the end of the forecast period in 2027. FMCG is the most attractive and dominant industry segment while the Hospitality segment will register high Y-o-Y growth in the APEJ retail automation market throughout the forecast period.
Make an Enquiry @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5017
Factors boosting the growth in adoption of retail automation across end-use industries
Retail automation is being adopted widely across several key end-use industries and developing retail automation solutions for the health and personal care sector and the footwear industry is a key trend across all the important geographies. In-house development of retail automation technologies, remote management using IoT and M2M communication, and a high acceptance of POS terminals across the hospitality and retail sectors are likely to boost the demand for retail automation across key end-use industries. Further, the introduction of robots to provide seamless and enriched shopping experiences, adoption of mobile devices to facilitate POS transactions, and an increased adoption of credit and debit cards in retail transactions are trending the global retail automation market.