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Smart Retail - Global Strategic Business Report

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    Report

  • 476 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4806142
Description Jump to:
The global market for Smart Retail is estimated at US$32.5 Billion in 2023 and is projected to reach US$130.3 Billion by 2030, growing at a CAGR of 18.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Smart Retail Hardware segment, which is expected to reach US$72.4 Billion by 2030 with a CAGR of 17.3%. The Smart Retail Software segment is also set to grow at 21.3% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $8.5 Billion in 2023, and China, forecasted to grow at an impressive 20.4% CAGR to reach $19.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Smart Retail Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Retail Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Smart Retail Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Hitachi Ltd., Honeywell International, Inc., Google LLC, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 61 Featured):

  • Hitachi Ltd.
  • Honeywell International, Inc.
  • Google LLC
  • Amazon.com, Inc.
  • Amazon Web Services, Inc.
  • Capgemini SE
  • Avnet, Inc.
  • Deloitte Touche Tohmatsu Ltd.
  • Google Cloud Platform
  • Hitachi Vantara LLC
  • Bossa Nova Robotics, Inc.
  • Diebold Nixdorf, Inc.
  • Estimote, Inc.
  • Focal Systems Inc.
  • Clovity

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • An Introduction to Smart Retail
  • Smart Retail: Current Market Scenario and Outlook
  • Smart Payment Technologies Bode Significant Potential for Smart Retail Model
  • AI-Enabled Intelligent Systems Make Their Way Into Smart Retail Domain
  • Smart Labels Gain Traction in the Retail Sector
  • Visual Marketing: A Viable Tool for Smart Retailing
  • Robotics & Analytics Seek Role in Smart Retail Ecosystem
  • While Developed Regions Remain Major Revenue Contributors, Developing Regions Exhibit Fast Paced Growth
  • World Smart Retail Market (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • World Smart Retail Market - Geographic Regions Ranked by CAGR (Revenues) for 2018-2025: USA, China, Canada, Europe, Asia-Pacific, Japan, and Rest of World
  • COMPETITIVE LANDSCAPE
  • Leading Players in the Smart Retail Market
  • RECENT MARKET ACTIVITY
  • Smart Retail - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
  • Amazon.com, Inc. (USA)
  • Cisco Systems, Inc. (USA)
  • Google LLC (USA)
  • Honeywell International Inc. (USA)
  • IBM (USA)
  • Intel Corporation (USA)
  • Microsoft Corporation (USA)
  • NVIDIA Corporation (USA)
  • NXP Semiconductors N.V. (The Netherlands)
  • PAX Global Technology Limited (Hong Kong)
  • PTC, Inc. (USA)
  • Samsung Electronics Co., Ltd. (South Korea)
  • SoftBank Robotics Holdings Corp. (Japan)
  • Texas Instruments, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Emergence of New Consumer and Changing Face of Retail Industry Create Fertile Environment for Smart Retail Technologies
  • A Note of New Smart Technologies & Concepts Proliferating the Retail Environment
  • Increasing Adoption of Smartphones Instigates Robust Momentum
  • Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • Current Scenario in mCommerce Vertical Strongly Favors Smart Retail Model
  • Global Retail MCommerce Market: Sales in $ Trillion for the Years 2017, 2019, 2021 and 2023
  • Rising Trend of Improving Customer Retail Experience Broadens Addressable Market for Smart Retail Solutions
  • Widening Scope & Span of IoT in Retail Sphere Bolsters Market Prospects
  • Integration of Smart Retail with Industry 4.0 to Trigger Broad-based Opportunities
  • Rise of Connected Retail Creates Conducive Scenario
  • Growing Relevancy of Omni-Channel Commerce Augurs Well
  • World Omni-Channel Commerce Platform Market (in US$ Million) for Years 2018 through 2025
  • Lenience Towards Blockchain for Retail Enthuses Smart Retail Market
  • Improvements in Location & Voice Technologies Augur Well
  • Prevailing Socio-Economic & Demographic Trends Favor Robust Growth
  • STable Economy
  • Urban Sprawl
  • World Urban Population in Thousands: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Growing Affluence of Expanding Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Rising Living Standards & Changing Lifestyle Trends
  • Cyber Security, Data Transparency & Privacy: Key Issues
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Visual Marketing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Visual Marketing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Intelligent System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World 7-Year Perspective for Intelligent System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Smart Payment System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 10: World 7-Year Perspective for Smart Payment System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Smart Label by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World 7-Year Perspective for Smart Label by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 15: World Smart Retail Market Analysis of Annual Sales in US$ Million for Years 2020 through 2030
  • Table 16: World Recent Past, Current & Future Analysis for Smart Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World 7-Year Perspective for Smart Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • The United States: Major Market for Smart Retail Technologies
  • Rising Importance of Smart Beacons, Cognitive Computing, & Cardless/Cashless Checkouts Augurs Well
  • AI-Powered Retail Systems Make a Cut
  • Smart Label Tracking Technology Gains Traction
  • Table 18: USA Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 19: USA 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 20: USA Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 21: USA 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
CANADA
  • Table 22: Canada Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 23: Canada 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 24: Canada Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 25: Canada 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
JAPAN
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Table 26: Japan Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 27: Japan 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 28: Japan Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 29: Japan 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
CHINA
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Robust Growth Prospects in China
  • Table 30: China Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 31: China 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 32: China Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 33: China 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
EUROPE
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Sustained Opportunities for Smart Retail Technologies in Europe
  • Focus on Establishing Long-Term Relationships Favors Market Prospects
  • IoT Steps In to Reinforce Smart Retail
  • Multi-Channel & Omnichannel Strategies Favor Smart Retail Adoption
  • Table 34: Europe Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 35: Europe 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 37: Europe 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
  • Table 38: Europe Recent Past, Current & Future Analysis for Smart Retail by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 39: Europe 7-Year Perspective for Smart Retail by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
FRANCE
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Table 40: France Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 41: France 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 42: France Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 43: France 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
GERMANY
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Table 44: Germany Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 45: Germany 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 46: Germany Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 47: Germany 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
ITALY
  • Table 48: Italy Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 49: Italy 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 50: Italy Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 51: Italy 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
UNITED KINGDOM
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Table 52: UK Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 53: UK 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 54: UK Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 55: UK 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
REST OF EUROPE
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 57: Rest of Europe 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 58: Rest of Europe Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 59: Rest of Europe 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
ASIA-PACIFIC
  • Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Asia-Pacific Emerges as a Lucrative Market
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 61: Asia-Pacific 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 62: Asia-Pacific Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 63: Asia-Pacific 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
REST OF WORLD
  • Table 64: Rest of World Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 65: Rest of World 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2024 & 2030
  • Table 66: Rest of World Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
  • Table 67: Rest of World 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Hitachi Ltd.
  • Honeywell International, Inc.
  • Google LLC
  • Amazon.com, Inc.
  • Amazon Web Services, Inc.
  • Capgemini SE
  • Avnet, Inc.
  • Deloitte Touche Tohmatsu Ltd.
  • Google Cloud Platform
  • Hitachi Vantara LLC
  • Bossa Nova Robotics, Inc.
  • Diebold Nixdorf, Inc.
  • Estimote, Inc.
  • Focal Systems Inc.
  • Clovity

Table Information

Report AttributeDetails
No. of Pages476
PublishedJuly 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 32.5 Billion
Forecasted Market Value ( USD ) by 2030 $ 130.3 Billion
Compound Annual Growth Rate18.9%
Regions CoveredGlobal

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