Retail automation is a set of automated processes that integrate software and hardware solutions to manage the retail activities such as inventory management, product management, workforce management, store audit, and others. Retail automation typically includes self-service processes and standalone kiosks that operate as fully automatic retail stores with the help of software integrations. Rise in margin pressure is driving the retailers to opt for unique solutions that can differentiate them in intense competition and increase in e-commerce activities across the globe has positively impacted the retail automation market.
The global retail automation market is expected to register substantial growth in the near future, which is attributed to rise in need to optimize business processes and increase in need for centralized monitoring & controlling platform for inventory management. In addition, proliferation of mobile devices among consumers has increased the application areas of connected devices. For example, with the help of a mobile application, the consumer can check or buy a product without having to wait in long queues. For instance, in September 2018, Zebra Technologies Corporation launched the next generation of an enterprise-class hand-held mobile computers that are designed for helping retail, transportation, manufacturing, and logistics companies. The new generation computers are expected to empower workers to deliver a higher level of customer satisfaction and services. However, requirement of high initial investment is expected to restrain the growth of the market to a certain extent.
The global retail automation market is segmented based on type, implementation, end-user, and region. Based on type, the market is classified Point-of-Sale (POS), barcode & RFID, electronic shelf label (ESL), camera, autonomous guided vehicle (AGV), and others. Based on implementation, the market is bifurcated into in-store and warehouse. Based on end-user, the market is segmented into hypermarkets, supermarkets, single item stores, fuel stations, and retail pharmacies. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the global retail automation market. These include Datalogic S.p.A., NCR Corporation, First Data Corporation, Toshiba Global Commerce Solutions, KUKA AG, Fujitsu Limited, Honeywell International Inc., Zebra Technologies Corporation, Diebold Nixdorf, Incorporated, and Posiflex Technology, Inc.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Implementation
By End-User
By Region
KEY MARKET PLAYERS
The global retail automation market is expected to register substantial growth in the near future, which is attributed to rise in need to optimize business processes and increase in need for centralized monitoring & controlling platform for inventory management. In addition, proliferation of mobile devices among consumers has increased the application areas of connected devices. For example, with the help of a mobile application, the consumer can check or buy a product without having to wait in long queues. For instance, in September 2018, Zebra Technologies Corporation launched the next generation of an enterprise-class hand-held mobile computers that are designed for helping retail, transportation, manufacturing, and logistics companies. The new generation computers are expected to empower workers to deliver a higher level of customer satisfaction and services. However, requirement of high initial investment is expected to restrain the growth of the market to a certain extent.
The global retail automation market is segmented based on type, implementation, end-user, and region. Based on type, the market is classified Point-of-Sale (POS), barcode & RFID, electronic shelf label (ESL), camera, autonomous guided vehicle (AGV), and others. Based on implementation, the market is bifurcated into in-store and warehouse. Based on end-user, the market is segmented into hypermarkets, supermarkets, single item stores, fuel stations, and retail pharmacies. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the global retail automation market. These include Datalogic S.p.A., NCR Corporation, First Data Corporation, Toshiba Global Commerce Solutions, KUKA AG, Fujitsu Limited, Honeywell International Inc., Zebra Technologies Corporation, Diebold Nixdorf, Incorporated, and Posiflex Technology, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analyses on the global retail automation market size is provided.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2018 to 2026 is provided to determine the global retail automation market potential.
KEY MARKET SEGMENTS
By Type
- Point-of-Sale (POS)
- Barcode & RFID
- Electronic Shelf Label (ESL)
- Camera
- Autonomous Guided Vehicle (AGV)
- Others
By Implementation
- In-store
- Warehouse
By End-User
- Hypermarkets
- Supermarkets
- Single Item Stores
- Fuel Stations
- Retail Pharmacies
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Datalogic S.p.A.
- Diebold Nixdorf, Incorporated
- Fiserv, Inc.
- Fujitsu Limited
- Honeywell International Inc.
- KUKA AG
- NCR Corporation
- Posiflex Technology Inc.
- Toshiba Global Commerce Solutions
- Zebra Technologies
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Retail Automation Market, By Type
Chapter 5: Global Retail Automation Market, By Implementation
Chapter 6: Global Retail Automation Market, By End-User
Chapter 7: Global Retail Automation Market, By Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profile
Executive Summary
According to the report titled, 'Retail Automation Market by Type, Implementation, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026', the retail automation market size was valued at $11.24 billion in 2018, and is projected to reach $23.58 billion by 2026, growing at a CAGR of 9.6% from 2019 to 2026.Retail automation is a set of automated processes that integrate software and hardware solutions to manage the retail activities such as inventory management, product management, workforce management, store audit, and others. Retail automation typically includes self-service processes and standalone kiosks that operate as completely automatic retail stores with the help of software integrations. Rise in margin pressure is driving the retailers to opt for unique solutions that can differentiate them in intense competition and increase in global e-commerce activities across the globe have positively impacted the retail automation market.
The global retail automation market is expected to register substantial growth in the near future, which is attributed to rise in need to optimize business processes and increase in need for centralized monitoring & controlling platform for inventory management. In addition, proliferation of mobile devices among consumers has increased the application areas of connected devices. For example, with the help of a mobile application, the consumer can check or buy a product without having to wait in long queues. However, requirement of high initial investment is expected to restrain the growth of the market to a certain extent.
The global retail automation market is segmented based on type, implementation, end-user, and region. Based on type, the market is classified Point-of-Sale (POS), barcode & RFID, electronic shelf label (ESL), camera, autonomous guided vehicle (AGV), and others. Based on Implementation, the market is bifurcated into in-store and warehouse. Based on end-user, the market is segmented into hypermarkets, supermarkets, single item stores, fuel stations, and retail pharmacies. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Based on type, the POS segment dominated the overall retail automation market in 2018 and is expected to continue this trend during the forecast period. This is attributed to rise in adoption of POS systems among the retailers due to growing demand for hassle-free checkout processes by consumers. The warehouse industry dominated the retail automation market in 2018 and is expected to proliferate the growth of market during the forecast period. This is attributed to rise in adoption of automated systems such as automated guided vehicles, autonomous mobile robots, and automated storage & retrieval systems, which is expected to further drive the growth of the global retail automation market during the forecast period. Further, the single item stores segment is expected to witness the highest CAGR during the forecast period as the single brand shops are opting for digitalization solutions to offer consumers with smart solutions such as omni-channel payment modes.
Key Findings of the Retail Automation Market:
By type, the point-of-sale (POS) segment dominated the market. However, the camera segment is expected to exhibit significant growth during the forecast period in the retail automation industry.
Based on implementation, the warehouse segment accounted for the highest revenue in 2018. The growth of the warehouse segment is attributed to high adoption of advance systems such as automated guided vehicle, in retail warehouses across the globe.
Depending on end user, the supermarkets segment generated the highest revenue in 2018. However, the hypermarkets segment is expected to witness considerable growth in the near future owing to rise in need to automate large retailing markets.
By region, Asia-Pacific is expected to witness significant growth in terms of CAGR in the upcoming years.
Some of the key market players profiled in the report include Datalogic S.p.A., Diebold Nixdorf, Incorporated, Fiserv, Inc., Fujitsu Limited, Honeywell International Inc., KUKA AG, NCR Corporation, Posiflex Technology Inc., Toshiba Global Commerce Solutions, and Zebra Technologies. Major players operating in this market have witnessed high growth in demand for high quality retailing services especially due to rise in consumers purchasing power. This study includes retail automation market analysis, trends, and future estimations to determine the imminent investment pockets.
Companies Mentioned
- Datalogic S.p.A.
- Diebold Nixdorf Inc.rporated
- Fiserv Inc.
- Fujitsu Limited
- Honeywell International Inc.
- KUKA AG
- NCR Corporation
- Posiflex Technology Inc.
- Toshiba Global Commerce Solutions
- Zebra Technologies.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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