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Global Smart Retail Market (2021-2026) by Application Type, Product Type, Technology Type, System Type, Offering Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 184 Pages
  • December 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5544090
UP TO OFF until Nov 30th 2022
The Global Smart Retail Market is estimated to be USD 23.47 Bn in 2021 and is expected to reach USD 51.48 Bn by 2026, growing at a CAGR of 17.01%.

Market Dynamics

The Global Smart Retail Market is driving due to retailers' increasing use of automation and robots to offer shopping convenience to their customers. The deployment of Robots in supermarkets and hypermarkets helps simplify the product finding process. The rising adoption of new software technologies such as big data analytics, blockchain, machine learning, etc., by retailers, helps facilitate inventory management and improve store operations, which will drive the market's growth. Also, shifting demand and expectation of customers towards smart shopping solutions allow retailers to increase usage of smart technologies will help in fuelling the market’s growth. On the other hand, high maintenance costs associated with advanced high-end computing systems will increase retailers' expenditure and restrict the market's growth.

Furthermore, increasing shoplifting instances will always be a challenge and negatively affect the market’s growth. However, the growing number of conversions into smart stores leads to self-delivery vehicles. The rising use of technologies such as innovative sensors to improve connectivity availability of communication solutions in connecting with end-users to offer after-sale services or provide customer feedback by the retailers will create opportunities for the market.

Market Segmentation

  • The Global Smart Retail Market is segmented further based on Application Type, Product Type, Technology Type, System Type, Offering Type, and Geography.
  • By Application Type, the market is classified into Foot-Traffic Monitoring, Inventory Management, Loyalty Management and Payment, Predictive Equipment Maintenance, Brand Protection, and Smart Fitting Rooms.
  • By Product Type, the Smart Retail market is classified into Hardware and Software.
  • By Technology Type, the Smart Retail market is classified into Virtual Recognition, Mobiles, Blockchain, and Artificial Intelligence.
  • By System Type, the Smart Retail market is classified into Digital Signage Solutions, Smart Labels, Smart Payment Systems (NFC-Ready POS Terminals and NFC-Ready MPOs Terminals), Intelligent Vending Machines, Augmented Reality Solutions, Virtual Reality Solutions, Smart Carts, Robotics, and Analytics.
  • By Offering Type, the Smart Retail market is classified into Apparel and Accessories, Fast-Moving Consumer Goods, Hardlines and Leisure Goods, and Others.
  • By Geography, America is projected to lead the market.

Recent Developments

1. IBM Watson Assistant collaborated with IntelePeer to launch new AI and automation capabilities which enhanced customer services in phone, SMS, web, and messaging platform-September 9, 2021
2. Huawei Technology Co Ltd, with their 10 partners set up New Calling 5G VoNR+ Working Group for the 5GDNA to provide the world’s first to facilitate 5G new calling industry and integrated with AR & VR technologies gives the user a more interactive experience- September 1, 2021
3. Cisco Systems, Inc acquired Keena Security, Inc to solve critical security cybersecurity threats with the addition of Keena’s risk-based vulnerability management platform-June 30, 2021
4. SES-image tag announced a strategic partnership with Hornbach for the implementation of Captana in their store, a new leading-edge camera-based shelf monitoring, product recognition, and out-of-shelf detection solution-April 26, 2021
5. PTC, Inc announced Vuforia Engine, the new Vuforia augmented reality (AR) enterprise platform that enables better engagement of employees with machines-March 29, 2021

Company Profiles

Some of the companies covered in this report are Amazon.com, Inc, Cisco Systems, Inc, Google, Inc, Huawei Technology Co Ltd, International Business Machine Corporation, Intel Corporation, Microsoft, Nvidia Corporation, NXP Semiconductors, PTC, Inc, and Samsung Electronics Co Ltd, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Smart Retail Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Smart Retail Market

What is the estimated value of the Global Smart Retail Market?

The Global Smart Retail Market was estimated to be valued at $23.47 Billion in 2021.

What is the growth rate of the Global Smart Retail Market?

The growth rate of the Global Smart Retail Market is 17.0%, with an estimated value of $51.48 Billion by 2026.

What is the forecasted size of the Global Smart Retail Market?

The Global Smart Retail Market is estimated to be worth $51.48 Billion by 2026.

Who are the key companies in the Global Smart Retail Market?

Key companies in the Global Smart Retail Market include Albert Heijn, Alibaba Group Holding Limited, Amazon.com, Inc, AWM Smart Shelf, Bossa Nova Robotics, Broadcom, Inc, Caper AI, Cisco Systems, Inc and Diebold Nixdorf.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Adoption of Robots to Offer Shopping Convivences
4.1.2 Rising Adoption of New Software Technological by Retailers
4.1.3 Changing Customer Expectations Leading Smart Retailing Adoption
4.2 Restraints
4.2.1 Theft Risk for Customer Data
4.2.2 High Maintenance Cost of Advanced System
4.3 Opportunities
4.3.1 Rising Adoption of Self-Delivery Vehicles
4.3.2 Growing Usage of Technologies for Connecting End-Users
4.4 Challenges
4.4.1 Increase in Shoplift Instances
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Smart Retail Market, By Applications Type
6.1 Introduction
6.2 Foot-Traffic Monitoring
6.3 Inventory Management
6.4 Loyalty Management and Payment
6.5 Predictive Equipment Maintenance
6.6 Brand Protection
6.7 Smart Fitting Rooms
7 Global Smart Retail Market, By Product Type
7.1 Introduction
7.2 Hardware
7.3 Software
8 Global Smart Retail Market, By Technology Type
8.1 Introduction
8.2 Virtual Recognition
8.3 Mobiles
8.4 Blockchain
8.5 Artificial Intelligence
9 Global Smart Retail Market, By System Type
9.1 Introduction
9.2 Digital Signage Solutions
9.3 Smart Labels
9.4 Smart Payment Systems
9.4.1 NFC-Ready POS Terminals
9.4.2 NFC-Ready MPOs Terminals
9.5 Intelligent Vending Machines
9.6 Augmented Reality Solutions
9.7 Virtual Reality Solutions
9.8 Smart Carts
9.9 Robotics
9.10 Analytics
10 Global Smart Retail Market, By Offering Type
10.1 Introduction
10.2 Apparel and Accessories
10.3 Fast-Moving Consumer Goods
10.4 Hardlines and Leisure Goods
10.5 Others
11 Global Smart Retail Market, By Geography
11.1 Introduction
11.1 America
11.1.1 Argentina
11.1.2 Brazil
11.1.3 Canada
11.1.4 Chile
11.1.5 Colombia
11.1.6 Mexico
11.1.7 Peru
11.1.8 United States
11.1.9 Rest of Americas
11.2 Europe
11.2.1 Austria
11.2.2 Belgium
11.2.3 Denmark
11.2.4 Finland
11.2.5 France
11.2.6 Germany
11.2.7 Italy
11.2.8 Netherlands
11.2.9 Norway
11.2.10 Poland
11.2.11 Russia
11.2.12 Spain
11.2.13 Sweden
11.2.14 Switzerland
11.2.15 United Kingdom
11.2.16 Rest of Europe
11.3 Middle East and Africa
11.3.1 Egypt
11.3.2 Israel
11.3.3 Qatar
11.3.4 Saudi Arabia
11.3.5 South Africa
11.3.6 United Arab Emirates
11.3.7 Rest of MEA
11.4 Asia-Pacific
11.4.1 Australia
11.4.2 Bangladesh
11.4.3 China
11.4.4 India
11.4.5 Indonesia
11.4.6 Japan
11.4.7 Malaysia
11.4.8 Philippines
11.4.9 Singapore
11.4.10 South Korea
11.4.11 Sri Lanka
11.4.12 Thailand
11.4.13 Taiwan
11.4.14 Rest of Asia
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Albert Heijn
13.2 Alibaba Group Holding Limited
13.3 Amazon.com, Inc
13.4 AWM Smart Shelf
13.5 Bossa Nova Robotics
13.6 Broadcom, Inc
13.7 Caper AI
13.8 Cisco Systems, Inc
13.9 Cozy Infosystems Pvt Ltd
13.10 Diebold Nixdorf
13.11 Estimote, Inc
13.12 Five Elements Robotics
13.13 First Data Corporation
13.14 Focal Systems, Inc
13.15 Google, Inc
13.16 Honeywell International, Inc
13.17 Huawei Technology Co Ltd
13.18 Infineon Technologies AG
13.19 International Business Machine Corporation
13.20 Intel Corporation
13.21 LG Display Co Ltd
13.22 Microsoft
13.23 NCR Corporation
13.24 Nvidia Corporation
13.25 NXP Semiconductors
13.26 Par Technology Corporation
13.27 PAX Global
13.28 Probiz Technologies Pvt Ltd
13.29 Pricer
13.30 PTC, Inc
13.31 Robert Bosch GmbH
13.32 Samsung Electronics Co Ltd
13.33 SES-Imagotag
13.34 Smartcart
13.35 Standard Cognition, Corp
13.36 STMicroelectronics
13.37 Texas Instruments, Inc
13.38 Walmart, Inc
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Albert Heijn
  • Alibaba Group Holding Limited
  • Amazon.com, Inc
  • AWM Smart Shelf
  • Bossa Nova Robotics
  • Broadcom, Inc
  • Caper AI
  • Cisco Systems, Inc
  • Cozy Infosystems Pvt Ltd
  • Diebold Nixdorf
  • Estimote, Inc
  • Five Elements Robotics
  • First Data Corporation
  • Focal Systems, Inc
  • Google, Inc
  • Honeywell International, Inc
  • Huawei Technology Co Ltd
  • Infineon Technologies AG
  • International Business Machine Corporation
  • Intel Corporation
  • LG Display Co Ltd
  • Microsoft
  • NCR Corporation
  • Nvidia Corporation
  • NXP Semiconductors
  • Par Technology Corporation
  • PAX Global
  • Probiz Technologies Pvt Ltd
  • Pricer
  • PTC, Inc
  • Robert Bosch GmbH
  • Samsung Electronics Co Ltd
  • SES-Imagotag
  • Smartcart
  • Standard Cognition, Corp
  • STMicroelectronics
  • Texas Instruments, Inc
  • Walmart, Inc