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Smart Retail Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709784
Major players in the smart retail market are Honeywell International Inc., Huawei Technologies Co. Ltd., LG Display Co. Ltd., Intel Corporation, Samsung Electronics, Verifone Systems, IBM Corporation, Cisco Systems, Ingenico, Amazon.com Inc., NCR Corporation, PAX Global Technology Limited, Fiserv Inc., Google LLC, AWM Smart Shelf, and Bossa Nova Robotics.

The global smart retail market is expected to grow from $27.46 billion in 2021 to $34.51 billion in 2022 at a compound annual growth rate (CAGR) of 25.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The smart retail market is expected to reach $82.68 billion in 2026 at a CAGR of 24.4%.

The smart retail market includes revenues earned by entities by data management, business consulting, data analytics, internet of things ( IoT), and cloud. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Smart retail refers to the use of intelligent technologies in commerce to offer consumers a better, faster, safer, and more convenient purchase experience. It applies new technologies to digitally enhance traditional shopping for customers and businesses.

North America was the largest region in the smart retail market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main systems in smart retail are digital signage solutions, smart labels, smart payment systems, intelligent vending machines, augmented reality solutions, virtual reality solutions, and others. Digital signage is a type of signage that uses a digital screen rather than an acrylic or polycarbonate board to show information, advertising, or any other content. Digital signage is used for wayfinding, communications, marketing, and outdoor advertising. The different technologies include visual recognition, blockchain, artificial intelligence, and mobiles that are used in foot-traffic monitoring, inventory management, loyalty management and payment, predictive equipment maintenance, brand protection, and other applications.

The increasing use of robots and automation is expected to propel the smart retail market growth going forward. Automation refers to the employment of autonomous physical devices, computer programmes, and other technology to carry out tasks that are typically completed by humans. Robotics is the design, development, and use of machines to carry out tasks. Robots and automation improve collaboration between the R&D, manufacturing, and marketing departments by automating processes related to the alerts and monitoring client opinions in real-time. The use of robots and automation offer exceptional shopping convenience to customers, that increase the demand for smart retail market. For instance, according to a report released by the International Federation of Robotics in September 2020, 2.7 million industrial robots were in use in industries worldwide, which showed an increase of 12%. Therefore, the increasing use of robots and automation is driving the growth of the smart retail market.

Technological advancement is a key trend gaining popularity in the smart retail market. Major companies operating in the smart retail market are focused on developing new technological solutions to strengthen their position. For instance, in June 2021, Amazon Inc, an American multinational e-commerce company, launched just Walk out technology for Amazon Fresh grocery store. Customers are given the option to use Just Walk Out shopping or the standard checkout lines at the store's entry gates. Customers who choose Just Walk Out shopping have three options for entering the store, they can input a credit or debit card connected to their Amazon account, scan a QR code with their Amazon app, or use Amazon One to scan their palm. Once inside, visitors can shop as they normally would. When they remove an item from the shelf, it is immediately added to their virtual cart, and when they return it, it is taken out. When finished shopping, customers who use the Just Walk Out service simply scan or re-insert their admittance method to exit.

In October 2021, Instacart, a US-based online grocery platform, acquired Caper AI for an undisclosed amount. This acquisition widens the scope of Instacart's comprehensive retailer enablement platform, and assist shops in integrating the in-store and online shopping experiences for customers, supporting their operations regardless of the method of shopping chosen by customers. Caper AI is a US-based software technology company that provides AI-based software applications for retailers and other general merchandising store formats.

The countries covered in the smart retail market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The smart retail market research report is one of a series of new reports that provides smart retail market statistics, including smart retail industry global market size, regional shares, competitors with a smart retail market share, detailed smart retail market segments, market trends and opportunities, and any further data you may need to thrive in the smart retail industry. This smart retail market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.



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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 $34.51 billion in 2022.

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

The growth rate of the Global Smart Retail Market is 24.4%, with an estimated value of $82.68 billion by 2026.

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

The Global Smart Retail Market is estimated to be worth $82.68 billion by 2026.

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

Key companies in the Global Smart Retail Market include Honeywell International Inc., Huawei Technologies Co. Ltd., LG Display Co. Ltd., Intel Corporation, Samsung Electronics, Verifone Systems, IBM Corporation, Cisco Systems and Amazon.com Inc..

Table of Contents

1. Executive Summary2. Smart Retail Market Characteristics3. Smart Retail Market Trends And Strategies
4. Smart Retail Market - Macro Economic Scenario
4.1. COVID-19 Impact On Smart Retail Market
4.2. Ukraine-Russia War Impact On Smart Retail Market
4.3. Impact Of High Inflation On Smart Retail Market
5. Smart Retail Market Size And Growth
5.1. Global Smart Retail Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Retail Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Smart Retail Market Segmentation
6.1. Global Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Digital Signage Solutions
  • Smart Labels
  • Smart Payment Systems
  • Intelligent Vending Machines
  • Augmented Reality Solutions
  • Virtual Reality Solutions
  • Other Systems
6.2. Global Smart Retail Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Visual Recognition
  • Blockchain
  • Artificial Intelligence
  • Mobiles
6.3. Global Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Foot-Traffic Monitoring
  • Inventory Management
  • Loyalty Management and Payment
  • Predictive Equipment Maintenance
  • Brand Protection
  • Other Applications
7. Smart Retail Market Regional And Country Analysis
7.1. Global Smart Retail Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Smart Retail Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Smart Retail Market
8.1. Asia-Pacific Smart Retail Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Smart Retail Market
9.1. China Smart Retail Market Overview
9.2. China Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Smart Retail Market
10.1. India Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Smart Retail Market
11.1. Japan Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Smart Retail Market
12.1. Australia Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Smart Retail Market
13.1. Indonesia Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Smart Retail Market
14.1. South Korea Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Smart Retail Market
15.1. Western Europe Smart Retail Market Overview
15.2. Western Europe Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Smart Retail Market
16.1. UK Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Smart Retail Market
17.1. Germany Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Smart Retail Market
18.1. France Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Smart Retail Market
19.1. Eastern Europe Smart Retail Market Overview
19.2. Eastern Europe Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Smart Retail Market
20.1. Russia Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Smart Retail Market
21.1. North America Smart Retail Market Overview
21.2. North America Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Smart Retail Market
22.1. USA Smart Retail Market Overview
22.2. USA Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Smart Retail Market
23.1. South America Smart Retail Market Overview
23.2. South America Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Smart Retail Market
24.1. Brazil Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Smart Retail Market
25.1. Middle East Smart Retail Market Overview
25.2. Middle East Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Smart Retail Market
26.1. Africa Smart Retail Market Overview
26.2. Africa Smart Retail Market, Segmentation By System, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Smart Retail Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Smart Retail Market Competitive Landscape And Company Profiles
27.1. Smart Retail Market Competitive Landscape
27.2. Smart Retail Market Company Profiles
27.2.1. Honeywell International Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Huawei Technologies Co. Ltd.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. LG Display Co. Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Intel Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Samsung Electronics
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Smart Retail Market29. Smart Retail Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Smart Retail Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global smart retail market.

This report focuses on smart retail market which is experiencing strong growth. The report gives a guide to the smart retail market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the smart retail? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Retail market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart retail market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The smart retail market section of the report gives context. It compares the smart retail market with other segments of the smart retail market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart retail indicators comparison.

Scope

Markets Covered:

1) By System: Digital Signage Solutions; Smart Labels; Smart Payment Systems; Intelligent Vending Machines; Augmented Reality Solutions; Virtual Reality Solutions; Other Systems
2) By Technology: Visual Recognition; Blockchain; Artificial Intelligence; Mobiles
3) By Application: Foot-Traffic Monitoring; Inventory Management; Loyalty Management and Payment; Predictive Equipment Maintenance; Brand Protection; Other Application

Companies Mentioned: Honeywell International Inc.; Huawei Technologies Co., Ltd.; LG Display Co., Ltd.; Intel Corporation; Samsung Electronics

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Honeywell International Inc.
  • Huawei Technologies Co. Ltd.
  • LG Display Co. Ltd.
  • Intel Corporation
  • Samsung Electronics
  • Verifone Systems
  • IBM Corporation
  • Cisco Systems
  • Ingenico
  • Amazon.com Inc.
  • NCR Corporation
  • PAX Global Technology Limited
  • Fiserv Inc.
  • Google LLC
  • AWM Smart Shelf
  • Bossa Nova Robotics.

Methodology

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