Smart Retail Market (By Solution: Hardware, Software; By Application: Visual Marketing [Digital signage], Smart Label [Smart beacon, Smart shelf], Smart Payment System [e - payment system, Mobile Payment application, POS system], Intelligent System [Augment reality, Virtual reality, Smart carts, Interactive kiosk, Others], Others (Robotics, analytics)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : ICT | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global Smart Retail market size is anticipated to around USD 59.4 billion by 2026, this market is anticipated to grow with 24.4% CAGR during the forecast time period.

With consolidation of savvy retail innovation, physical retailers are ready to have the capacity to draw in, possess, and convert prospect guests into customers. The innovation enables them to show focused on limited time messages and pop-ups on screens in retail locations explicit to client inclinations. For example, PepsiCo used Bluetooth Low Energy reference points to send portable vouchers to clients at simply the correct time to transform pedestrian activity into potential deals.

Market Dynamics

Rising combination of technologies such as virtual reality, augmented reality, artificial intelligence, and IoT to advance store processes, facilitate precise inventory management, and improve consumers shopping experience is one of the main trends rising market growth. These progressive retail technologies allow brick-and-mortar retailers to contest against e-commerce retailers, to recapture lost market share, attract more customers into the store, and advance customer retention.

Significant retailers, for example, Alibaba, Walmart, and Amazon are progressively grasping keen retail innovation to enhance business activities and serve their clients better. Physical retailers are gathering client information and investigating client conduct to customize their shopping knowledge. Retailers are using mPOS, reference points, and NFC advances to welcome clients by their name and to give them proper data.

Market Insights

IoT innovation is slated to remain in the retail segment for quite a while. Be that as it may, information security with this innovation might be in question for retailers and additionally clients. Rising number of digital security assaults is raising worries among retailers. The retail business is practical objective for programmers as retail condition gives them potential access to client installment data by misusing associated gadgets, for example, purpose of offer framework. Accordingly, before conveying IoT innovation, retailers need to comprehend hazard required and also measures to be taken to keep this assault. High venture associated with information security identified with IoT gadgets is anticipated prevent the development of the market.

Market Segmentation

Market By Solution

  • Hardware
  • Software

Market By Application

  • Visual Marketing
    • Digital signage
  • Smart Label
    • Smart beacon
    • Smart shelf
  • Smart Payment System
    • e - payment system
    • Mobile Payment application
    • POS system
  • Intelligent System
    • Augment reality
    • Virtual reality
    • Smart carts
    • Interactive kiosk
    • Others
  • Others (Robotics, analytics)

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

The market in North America was esteemed at USD 4.5 billion out of 2018. The area is relied upon to be the main income supporter in the market all through the estimate time frame. Strong presence nearness of brilliant retail arrangement suppliers and elevated selection of cutting edge ICT innovation in the retail part are ready to betoken well for the development of the regional market.

Market Participants

Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with theSmart Retail areNCR Corporation, Intel Corporation, Microsoft Corporation, Samsung Electronics, Google, Inc., IBM, Amazon, Softbank Robotics Holdings, Verifone Systems and Ingenico S.A.


Related Reports

3D Printing Market By Technology (Stereo Lithography, Fused Deposition Modelling, Selective Laser Sintering, Electron Beam Melting, Digital Light Processing, Other Technologies), By Offering (Printer, Material, Software, Service), By End User (Automotive, Healthcare, Industrial, Consumer electronics, Aerospace & defense, Others)– Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global 3D printing market size is expected to reach around USD 41 Bn by 2026 and will grow at a CAGR of around 20.1% over the forecast period 2019 to 2026. 3D printing refers to the process of making a three-dimensional solid object from a digital file or computer-aided design (CAD) model. It is also called desktop fabrication, additive printing or additive manufacturing because the creation takes place by laying down many thin layers

Smart Building Market By Solutions (Software, Hardware, Services), By Product (Building management system (BMS), Heating, ventilating, and air conditioning (HVAC), Lighting control, Security and access control, Emergency alarm and evacuation system, Audio and visual effects), By Building Type(Commercial Buildings, Residential Buildings, Government & Public Infrastructure Facilities, Educational Institutions, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global smart building market size is expected to reach around US$ 160 Billion by 2026 growing at a noteworthy CAGR of 15.3% from forecast period 2019 to 2026. The smart building refers to the structure where all the control operations including heating, ventilation, air conditioning (HVAC), lighting, and security among others are controlled by the automated processes. A smart b

5G Fixed Wireless Access Market (By Offering: Hardware {Access Units & CPE}, Services; By Demography: Rural, Semi-Urban, Urban; By Application: Residential, Industrial, Commercial, Government) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2026

The global 5G fixed wireless access market size is expected to reach over USD 47.3 billion by 2026 and projected to grow at CAGR of 98.9% during the forecast period 2019 to 2026. The global 5G fixed wireless access market is expecting a sound growth in the market. Some of the major factors driving the growth of the 5G fixed wireless access market are increasing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT), ne

Industrial Wastewater Treatment Market (By Process: Primary Treatment, Secondary Treatment, Tertiary Treatment; By Type: Coagulants, Biocides & Disinfectants, Flocculants; By End-Use Industry: Mining, Power Generation, Chemical) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global industrial wastewater treatment market size is poised to reach around US$ 16.5 billion by 2026 and growing at a CAGR of 4.5% from forecast period 2019 to 2026. Industrial waste management includes different types of sewage treatment processes that are manufactured by the industry as an undesirable by-product. Once therapy is done, industrial wastewater can be reused or disposed of in the

FISH (Fluorescent in Situ Hybridization) Probe Market (By Technology: Q FISH, Flow FISH, Other FISH; By Type: RNA [mRNA, miRNA, Other], DNA; By Application: Genetic Diseases, Cancer Research [Breast, Lung, Gastric, Prostrate, Bladder, Hematological, Cervical, Other], Other; By End Use: Clinical, Research, Companion diagnostics) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction According to Acumen Research and Consulting, the global FISH Probe market is expected to grow at noteworthy CAGR around 6.5 % throughout the forecast period and reach around US$ 1 billion by 2026. Fluorescent in situ hybridization (FISH) is a method used by molecular cytogenetic devices to visualize and map the gene

Cellular Vehicle-to-Everything (C-V2X) Market (By Communication Type: Vehicle-to-Person (V2P), Vehicle-to-Vehicle (V2V), Vehicle-to-Network (V2N), Vehicle-to-Infrastructure (V2I); By Application: Fleet Management, Collision Avoidance, Autonomous Driving, Parking Management System, Intelligent Traffic System; By Component: Software, Hardware; By Vehicle Type: Commercial Vehicle, Passenger Vehicle) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global Cellular Vehicle-to-Everything (C-V2X) market is expected to grow at noteworthy CAGR around 9.7 % throughout the forecast period and reach around US$ 1.1 billion by 2026. Cellular vehicle to everything (C-V2X) refers to the network that combines V2V (Motor to vehicle) features, V2P (Motor to path), V2 G (Motor to grid) and V2N (motor to grid). The all-in-one mobile vehicle is created bas

Cart Summary