The smart retail market size has grown exponentially in recent years. It will grow from $67.42 billion in 2025 to $84.02 billion in 2026 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to rising adoption of smartphones and mobile apps, increased consumer demand for convenience, early deployment of digital payment systems, expansion of retail chains, government initiatives supporting technology adoption.
The smart retail market size is expected to see exponential growth in the next few years. It will grow to $194.59 billion in 2030 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to integration of AI-powered retail solutions, growth of connected retail ecosystems, adoption of ar/vr for customer engagement, investment in intelligent supply chain solutions, demand for predictive analytics in inventory management. Major trends in the forecast period include personalized shopping experiences, real-time inventory tracking, contactless and seamless payments, customer behavior analytics, omnichannel retail integration.
The rising adoption of robots and automation is expected to drive the growth of the smart retail sector in the coming years. Automation involves the use of autonomous physical devices, computer programs, and other technologies to perform tasks that are usually handled by humans. Robotics encompasses the design, development, and application of machines to execute specific tasks. Robots and automation enhance collaboration among the R&D, manufacturing, and marketing teams by streamlining processes related to alerts and monitoring customer feedback in real-time. Implementing robots and automation provides exceptional convenience to shoppers, which in turn boosts demand in the smart retail sector. For example, in September 2025, the International Federation of Robotics, a Germany-based non-profit research and industry organization, reported that the total number of industrial robots in use worldwide reached 4,664,000 units in 2024, marking a 9% rise compared to the previous year. Consequently, the growing utilization of robots and automation is fueling the expansion of the smart retail sector.
Major companies in the smart retail market are intensifying their focus on introducing innovative retail solutions to gain a competitive advantage. Innovative retail solutions involve creative and technology-driven approaches that enhance the shopping experience, optimize operations, and drive customer engagement and satisfaction. For example, in September 2023, LTIMindtree, an India-based information technology company, launched AdSpark and Smart Service Operations solutions tailored for the retail industry. AdSpark, powered by LTIMindtree and Salesforce, provides self-service capabilities across various channels, including digital, social, in-store, out-of-facility (OOF), and print. Smart Service Operations focuses on delivering self-service capabilities and support across channels like digital, social, and in-store.
In April 2024, Advantech Co., Ltd., a Taiwan-based provider of embedded and automation products and solutions, acquired Aures Technologies SA for an undisclosed sum. The purpose of this acquisition is to reinforce its position in the intelligent retail sector and improve its product offerings within the expanding market for retail automation and digitalization. Aures Technologies SA is a France-based company that specializes in designing and manufacturing Point of Sale (POS) systems and self-service kiosks.
Major companies operating in the smart retail market are Honeywell International Inc., Huawei Technologies Co. Ltd., LG Display Co. Ltd., Intel Corporation, Samsung Electronics Co. Ltd., Verifone Inc., International Business Machines Corporation (IBM), Cisco Systems Inc., Ingenico Group S. A., Amazon. com Inc., NCR Corporation, PAX Global Technology Limited, Fiserv Inc., Google LLC, AWM Smart Shelf, Bossa Nova Robotics Inc., Robert Bosch GmbH, Microsoft Corporation, NVIDIA Corporation, NXP Semiconductors NV, Trigo Vision Ltd., PTC Inc., Prismview LLC, NEC Display Solutions Ltd., Elo Touch Solutions Inc., E Ink Holdings Inc., Diebold Nixdorf Inc., ComQi Inc., Bluebird Inc., Advantech Co. Ltd., 3M Company.
North America was the largest region in the smart retail market in 2025. Asia-Pacific is expected to be the fastest-growing region in the smart retail market share during the forecast period. The regions covered in the smart retail market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart retail market report are Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
The smart retail market includes revenues earned by entities by data management, business consulting, data analytics, internet of things (IoT), and cloud. The smart retail 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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The smart retail market size is expected to see exponential growth in the next few years. It will grow to $194.59 billion in 2030 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to integration of AI-powered retail solutions, growth of connected retail ecosystems, adoption of ar/vr for customer engagement, investment in intelligent supply chain solutions, demand for predictive analytics in inventory management. Major trends in the forecast period include personalized shopping experiences, real-time inventory tracking, contactless and seamless payments, customer behavior analytics, omnichannel retail integration.
The rising adoption of robots and automation is expected to drive the growth of the smart retail sector in the coming years. Automation involves the use of autonomous physical devices, computer programs, and other technologies to perform tasks that are usually handled by humans. Robotics encompasses the design, development, and application of machines to execute specific tasks. Robots and automation enhance collaboration among the R&D, manufacturing, and marketing teams by streamlining processes related to alerts and monitoring customer feedback in real-time. Implementing robots and automation provides exceptional convenience to shoppers, which in turn boosts demand in the smart retail sector. For example, in September 2025, the International Federation of Robotics, a Germany-based non-profit research and industry organization, reported that the total number of industrial robots in use worldwide reached 4,664,000 units in 2024, marking a 9% rise compared to the previous year. Consequently, the growing utilization of robots and automation is fueling the expansion of the smart retail sector.
Major companies in the smart retail market are intensifying their focus on introducing innovative retail solutions to gain a competitive advantage. Innovative retail solutions involve creative and technology-driven approaches that enhance the shopping experience, optimize operations, and drive customer engagement and satisfaction. For example, in September 2023, LTIMindtree, an India-based information technology company, launched AdSpark and Smart Service Operations solutions tailored for the retail industry. AdSpark, powered by LTIMindtree and Salesforce, provides self-service capabilities across various channels, including digital, social, in-store, out-of-facility (OOF), and print. Smart Service Operations focuses on delivering self-service capabilities and support across channels like digital, social, and in-store.
In April 2024, Advantech Co., Ltd., a Taiwan-based provider of embedded and automation products and solutions, acquired Aures Technologies SA for an undisclosed sum. The purpose of this acquisition is to reinforce its position in the intelligent retail sector and improve its product offerings within the expanding market for retail automation and digitalization. Aures Technologies SA is a France-based company that specializes in designing and manufacturing Point of Sale (POS) systems and self-service kiosks.
Major companies operating in the smart retail market are Honeywell International Inc., Huawei Technologies Co. Ltd., LG Display Co. Ltd., Intel Corporation, Samsung Electronics Co. Ltd., Verifone Inc., International Business Machines Corporation (IBM), Cisco Systems Inc., Ingenico Group S. A., Amazon. com Inc., NCR Corporation, PAX Global Technology Limited, Fiserv Inc., Google LLC, AWM Smart Shelf, Bossa Nova Robotics Inc., Robert Bosch GmbH, Microsoft Corporation, NVIDIA Corporation, NXP Semiconductors NV, Trigo Vision Ltd., PTC Inc., Prismview LLC, NEC Display Solutions Ltd., Elo Touch Solutions Inc., E Ink Holdings Inc., Diebold Nixdorf Inc., ComQi Inc., Bluebird Inc., Advantech Co. Ltd., 3M Company.
North America was the largest region in the smart retail market in 2025. Asia-Pacific is expected to be the fastest-growing region in the smart retail market share during the forecast period. The regions covered in the smart retail market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart retail market report are Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
The smart retail market includes revenues earned by entities by data management, business consulting, data analytics, internet of things (IoT), and cloud. The smart retail 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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Smart Retail Market Characteristics
3. Smart Retail Market Supply Chain Analysis
4. Global Smart Retail Market Trends and Strategies
5. Smart Retail Market Analysis of End Use Industries
7. Global Smart Retail Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Smart Retail Total Addressable Market (TAM) Analysis for the Market
9. Smart Retail Market Segmentation
10. Smart Retail Market Regional and Country Analysis
11. Asia-Pacific Smart Retail Market
12. China Smart Retail Market
13. India Smart Retail Market
14. Japan Smart Retail Market
15. Australia Smart Retail Market
16. Indonesia Smart Retail Market
17. South Korea Smart Retail Market
18. Taiwan Smart Retail Market
19. South East Asia Smart Retail Market
20. Western Europe Smart Retail Market
21. UK Smart Retail Market
22. Germany Smart Retail Market
23. France Smart Retail Market
24. Italy Smart Retail Market
25. Spain Smart Retail Market
26. Eastern Europe Smart Retail Market
27. Russia Smart Retail Market
28. North America Smart Retail Market
29. USA Smart Retail Market
30. Canada Smart Retail Market
31. South America Smart Retail Market
32. Brazil Smart Retail Market
33. Middle East Smart Retail Market
34. Africa Smart Retail Market
36. Smart Retail Market Competitive Landscape and Company Profiles
37. Smart Retail Market Other Major and Innovative Companies
40. Smart Retail Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Smart Retail Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses smart retail market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for smart retail? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the 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.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter 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 company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By System: Digital Signage Solutions; Smart Labels; Smart Payment Systems; Intelligent Vending Machines; Augmented Reality Solutions; Virtual Reality Solutions; Other Systems2) 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 Applications
Subsegments:
1) By Digital Signage Solutions: Led Displays; Interactive Kiosks; Video Walls; Digital Menu Boards2) By Smart Labels: Electronic Shelf Labels (ESLs); RFID Labels; QR Code Labels
3) By Smart Payment Systems: Mobile Payment Solutions; Contactless Payment Systems; Point of Sale (Pos) Systems; Cryptocurrency Payment Solutions
4) By Intelligent Vending Machines: Smart Snack Vending Machines; Beverage Vending Machines; Inventory Management Systems for Vending
5) By Augmented Reality Solutions: Ar Applications for Product Visualization; Ar Marketing Campaigns; Virtual Try-on Solutions
6) By Virtual Reality Solutions: VR Shopping Experiences; Virtual Store Tours; Immersive Brand Experiences
7) By Other Systems: Customer Analytics Platforms; Inventory Management Systems; Supply Chain Management Solutions
Companies Mentioned: Honeywell International Inc.; Huawei Technologies Co. Ltd.; LG Display Co. Ltd.; Intel Corporation; Samsung Electronics Co. Ltd.; Verifone Inc.; International Business Machines Corporation (IBM); Cisco Systems Inc.; Ingenico Group S. a.; Amazon. com Inc.; NCR Corporation; PAX Global Technology Limited; Fiserv Inc.; Google LLC; AWM Smart Shelf; Bossa Nova Robotics Inc.; Robert Bosch GmbH; Microsoft Corporation; NVIDIA Corporation; NXP Semiconductors NV; Trigo Vision Ltd.; PTC Inc.; Prismview LLC; NEC Display Solutions Ltd.; Elo Touch Solutions Inc.; E Ink Holdings Inc.; Diebold Nixdorf Inc.; ComQi Inc.; Bluebird Inc.; Advantech Co. Ltd.; 3M Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; 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 Segmentation: 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.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Smart Retail market report include:- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- LG Display Co. Ltd.
- Intel Corporation
- Samsung Electronics Co. Ltd.
- Verifone Inc.
- International Business Machines Corporation (IBM)
- Cisco Systems Inc.
- Ingenico Group S. A.
- Amazon. com Inc.
- NCR Corporation
- PAX Global Technology Limited
- Fiserv Inc.
- Google LLC
- AWM Smart Shelf
- Bossa Nova Robotics Inc.
- Robert Bosch GmbH
- Microsoft Corporation
- NVIDIA Corporation
- NXP Semiconductors NV
- Trigo Vision Ltd.
- PTC Inc.
- Prismview LLC
- NEC Display Solutions Ltd.
- Elo Touch Solutions Inc.
- E Ink Holdings Inc.
- Diebold Nixdorf Inc.
- ComQi Inc.
- Bluebird Inc.
- Advantech Co. Ltd.
- 3M Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 84.02 Billion |
| Forecasted Market Value ( USD | $ 194.59 Billion |
| Compound Annual Growth Rate | 23.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 32 |
