The retail automation market
to grow from USD 11.3 billion in 2018 to USD 23.5 billion by 2025, at a
Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period
(2019–2025). Retail automation offer several advantages, such as; low cost,
accuracy, speed and high-quality performance for customers in the retail
sector, which, in turn, help in the growth of the market. The implementation of
automated technologies in retail industry is one of the major factor driving
the market. The objective of the report is to define, describe, and forecast
the market size based on type, implementation, Vertical, and Region.
Request Free Sample Pages:
Retail Automation Market By type, camera segment to
grow at the highest CAGR during the forecast period
The retail
automation market for camera segment is expected to grow at the highest CAGR of
20.6% during the forecast period. The retail shops and malls are more prone to
security risks, such as theft and inventory loss compared with other business
properties. Investing in cameras as a retail solution offers several long-term
advantages such as maximizing the store profits, decreasing the retail losses,
reducing the thefts, and evaluating the employee tasks, as well as understanding
the consumer buying behavior.
Retail Automation Market By implementation, the
in-store segment to record the highest CAGR during the forecast period
The number
of physical stores is increasing gradually in developing regions. The
developing regions are highly populated, where the majority of people prefer to
buy daily items from stores due to easy accessibility. Thus, despite the
evolution of e-commerce, there are visitors who still prefer going and buying
products in-stores. The evolving technology in the retail industry would be
influential in attracting more number of customers into physical stores. The
benefits of automated technologies have led the retailers to implement them in
the physical stores. Thus, all these factors contribute to the growth of retail
automation market for in-stores in the coming years.
Download Free PDF:
Retail Automation Market in APAC to grow at the highest CAGR during forecast period
China, Japan, and India are some of the major
countries driving the growth of the retail automation market in APAC. In
addition to this, the expansion of large-scale retailers is responsible for the
high growth rate in this region.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000
high growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 7500 customers worldwide
including 80% of global Fortune 1000 companies as clients. Almost 75,000 top
officers across eight industries worldwide approach MarketsandMarkets™ for
their painpoints around revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com