Strong Growth in Retail Automation Market

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MarketsandMarkets Presents

Strong Growth in Retail Automation Market Retail
Automation Market by Type (PoS, Barcode and RFID,
ESL, Camera, AGV, ASRS, Automated Conveyor),
Implementation, End User (Hypermarkets,
Supermarkets, Single Item Store, Fuel Stations,
Retail Pharmacies) and Geography - Global
Forecast to 2023 https//www.marketsandmarkets.co
m/Market-Reports/retail-automation-market-1247.htm
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The retail automation market to grow from USD
11.3 billion in 2018 to USD 23.5 billion by 2025,
at a Compound Annual Growth Rate (CAGR) of 11.0
during the forecast period (20192025). Retail
automation offer several advantages, such as low
cost, accuracy, speed and high-quality
performance for customers in the retail sector,
which, in turn, help in the growth of the market.
The implementation of automated technologies in
retail industry is one of the major factor
driving the market. The objective of the report
is to define, describe, and forecast the market
size based on type, implementation, Vertical, and
Region. Browse 120 market data Tables and 48
Figures spread through 179 Pages and in-depth TOC
on " Retail Automation Market - Global Forecast
to 2023"
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Retail Automation Market By type, camera segment
to grow at the highest CAGR during the forecast
period The retail automation market for camera
segment is expected to grow at the highest CAGR
of 20.6 during the forecast period. The retail
shops and malls are more prone to security risks,
such as theft and inventory loss compared with
other business properties. Investing in cameras
as a retail solution offers several long-term
advantages such as maximizing the store profits,
decreasing the retail losses, reducing the
thefts, and evaluating the employee tasks, as
well as understanding the consumer buying
behaviour. Ask PDF Brochure https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id1247 Retail
Automation Market By implementation, the in-store
segment to record the highest CAGR during the
forecast period The number of physical stores is
increasing gradually in developing regions. The
developing regions are highly populated, where
the majority of people prefer to buy daily items
from stores due to easy accessibility. Thus,
despite the evolution of e-commerce, there are
visitors who still prefer going and buying
products in-stores. The evolving technology in
the retail industry would be influential in
attracting more number of customers into physical
stores. The benefits of automated technologies
have led the retailers to implement them in the
physical stores. Thus, all these factors
contribute to the growth of retail automation
market for in-stores in the coming years.
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See how this study impacted revenues for other
players in Retail Automation Market Clients
Problem Statement Client wished to analyze the
retail automation market for growth trends,
future prospects and contributions to the overall
market. They wished to know the opportunities in
the market for stakeholders by identifying high
growth segments of the market and analyze value
chain and adjacent segments for various
stakeholders in the retail automation ecosystem.
Client also wished to analyze current industry
trends and market dynamics influencing the market
growth. Request Free Sample Pages https//www.m
arketsandmarkets.com/requestsampleNew.asp?id1247
MnM Approach The client engaged MnM to provide
Market sizing forecasting across verticals such
as hypermarkets, supermarkets, single-item
stores, fuel stations and pharmacies
Competitive intelligence on basis of company
profiles, organic and inorganic strategy adopted
by key players, competitive landscape, and recent
development such as acquisitions, product
launches, collaborations and partnerships
Revenue Impact (RI) Go to market strategy for a
new entrant, looking for opportunities in the
retail automation market worth USD 10.2 billion
in 2017
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Retail Automation Market in APAC to grow at the
highest CAGR during forecast period China,
Japan, and India are some of the major countries
driving the growth of the retail automation
market in APAC. In addition to this, the
expansion of large-scale retailers is responsible
for the high growth rate in this region.
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