The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The retail automation market size has grown rapidly in recent years. It will grow from $17.82 billion in 2023 to $20.07 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%.  The growth in the historic period can be attributed to competitive pressures, supply chain complexity, e-commerce growth, rising labor costs, changing consumer behavior.

The retail automation market size is expected to see rapid growth in the next few years. It will grow to $32.01 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.  The growth in the forecast period can be attributed to shift towards omnichannel retail, emphasis on customer experience, demand for contactless solutions, sustainability initiatives, regulatory compliance, enhanced security measures. Major trends in the forecast period include adoption of blockchain for supply chain transparency, growth of autonomous retail solutions, deployment of augmented reality (AR) in retail, emphasis on sustainability, expansion of voice commerce.

The rising consumer expectations for faster and seamless shopping expected to propel the growth of the retail automation market going forward. Faster and seamless shopping refers to the entail’s swift transactions, streamlined processes, and minimal friction for customers, including quick checkouts, easy navigation, access to product details, and seamless payments. Faster and seamless shopping accelerates growth in the retail automation market through enhanced customer satisfaction, streamlined processes, and data-driven optimization, fostering innovation and expansion. Retail automation uses technology to streamline and expedite the shopping experience, enhancing efficiency and convenience for consumers through quicker transactions and seamless processes.

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What Are The Key Trends That Influence Retail Automation Market Share Analysis?

Major companies operating in the retail automation market are developing advanced technologies, such as the integration of robotics and automation, to serve customers better with advanced features. Integrating robotics and automation refers to incorporating robotic systems and automated processes into various aspects of industrial operations, manufacturing, or other industries.

Which Market Players Are Driving Growth In The Retail Automation Market?

Major companies operating in the retail automation market are Samsung Electronics Co. Ltd., Amazon Web Services Inc., Honeywell International Inc., Fujitsu Limited, Posiflex Technology Inc., NCR Corporation, Zebra Technologies Corporation, KUKA AG, Diebold Nixdorf Inc., Casio Computer Co. Ltd., Capillary Technologies, PAX Technology Inc., Datalogic S.p.A, Toshiba Global Commerce Solutions Inc., WiseTech Global group, First Data Corporation, Optimove Inc., Tecsys Inc., ECR Software Corporation, SandenVendo, E&K Automation GmbH, 6 River Systems LLC, Focus Softnet FZ LLC, Vinculum Solutions Pvt. Ltd., Pricer AB, Future Way Technical Services LLC, QR Retail Automation (Asia) Sdn Bhd, Napse, Kiosk & Display LLC, Wincor Nixdorf AG

How Is The Global Retail Automation Market Segmented?

1) By Product: Point-Of-Sale (POS); RFID And Barcode; Camera; Electronic Shelf Label; Warehouse Robotics; Other Products
2) By Implementation: In-Store; Warehouse
3) By End-Use: Hypermarkets; Single Item Stores; Supermarkets; Fuel Stations; Retail Pharmacies; Other End-Uses

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The Retail Automation Global Market Report 2024 provides an overview of the retail automationmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The retail automation market forecast analyzes retail automation market size, retail automation market share, leading competitor and their market positions.

The Table Of Content For The Retail Automation Market Include

1. Retail Automation Market Executive Summary
2. Retail Automation Market Segments
3. Retail Automation Market Size And Template Market Growth Rate
4.  Key Retail Automation Market Trends
5. Major Retail Automation Market Drivers
……
25. Key Mergers And Acquisitions In The Retail Automation Market
26. Top Retail Automation Companies
27. Retail Automation Market Opportunities And Strategies
28. Retail Automation Market, Conclusions And Recommendations
29. Appendix

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