Global Retail Automation Market: Overview

Retail automation solutions offer several advantages including accuracy, low cost, speed, and high performance primarily in the retail sector. This is a key factors fuelling growth of the retail automation market. Implementation of automated solutions in retail industry is the major factor propelling growth of the retail automation market. The retail automation systems are increasingly used in numerous end users including supermarkets, hypermarket, single item stores, and fuel station.

The retail automation market report discusses the growth factors, opportunities, trends, and challenges. These market dynamics show the current scenario coupled with future growth and opportunities present in the global retail automation market. One of the key part of the report is vendor landscape, which also involves the details of key players such as segmental share, company history, annual turnover, new product launches, SWOT analysis, mergers and acquisitions (M&A) activities, and recent research and development (R&D).

Global Retail Automation Market: Drivers and Restraints

Retail automation offers flexibility and ease for customer’s solutions for both retailers with innovative technologies. Growing demand for automated products is accelerated by their benefits including manageable business platforms, faster sales processes, and efficiency in product supplies. This factor is helping to boost revenues of retailers by lowering cost and ensure improving productive environment for growth of the retail automation market.  

Automated retail products and vending machines offers advantages retail stores to offer high-quality services. Growing purchasing power of consumers and economic growth in the developed regions are some of the factors that are propelling adoption of retail automation solutions. Additionally, growing adoption of the retail automation due to the intense competition across the retail sectors. There is a high demand for automated products which enhances efficiency, which poses as a key driver for the growth of the market.

Usage of retail automation for benefit of cost optimization and especially lowering cost of retailers, increasing demand for retail automation products, and rising demand for quality and fast service are some of the other factors driving growth of the market.

Additionally, retail automation works together with smart devices and equipment for catering high-quality services to their customers, which enhances business operations. Furthermore, technological advancements such as revolutionizing the retail industry, and growing adoption of innovative and efficient technologies is growing rapidly.

Global Retail Automation Market: Geographical Analysis

On the basis of region, the retail automation market could be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of these regions, Asia Pacific is expected to expand with impressive CAGR over the 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.

Global Retail Automation Market: Companies Mentioned

Some of the key players operating in the retail automation market are ZIH Corp., Pricer, Outerwall Inc., Toshiba Global Commerce Solutions, Inc., NCR Corporation, Fujitsu Limited, Honeywell International Inc., and First Data Corporation.

Market segmentation based on geography:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

This report gives access to decisive data, such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report include:

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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