According to the latest report by IMARC Group, The global retail automation market size reached US$ 18.1 Billion in 2023.

SHERIDAN, WYOMING, UNITED STATES, February 1, 2024 /EINPresswire.com/ -- IMARC Group's report titled "𝐑𝐞𝐭𝐚𝐢𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞 (𝐏𝐨𝐢𝐧𝐭-𝐨𝐟-𝐒𝐚𝐥𝐞 (𝐏𝐎𝐒), 𝐁𝐚𝐫𝐜𝐨𝐝𝐞 𝐚𝐧𝐝 𝐑𝐅𝐈𝐃, 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐒𝐡𝐞𝐥𝐟 𝐋𝐚𝐛𝐞𝐥 (𝐄𝐒𝐋), 𝐂𝐚𝐦𝐞𝐫𝐚, 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐆𝐮𝐢𝐝𝐞𝐝 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 (𝐀𝐆𝐕), 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 (𝐈𝐧-𝐒𝐭𝐨𝐫𝐞, 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐞), 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫 (𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐧𝐝 𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬, 𝐒𝐢𝐧𝐠𝐥𝐞 𝐈𝐭𝐞𝐦 𝐒𝐭𝐨𝐫𝐞𝐬, 𝐅𝐮𝐞𝐥 𝐒𝐭𝐚𝐭𝐢𝐨𝐧𝐬, 𝐑𝐞𝐭𝐚𝐢𝐥 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐢𝐞𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The global retail automation market size reached US$ 18.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/retail-automation-market/requestsample

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐭𝐚𝐢𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬:

The retail automation industry is currently experiencing significant growth due to rapid technological advancements. Innovations such as artificial intelligence (AI), machine learning (ML), and advanced analytics are revolutionizing retail operations. These technologies enable more efficient inventory management, improved customer experience, and streamlined supply chain processes. Retailers are increasingly adopting automation to remain competitive and meet evolving consumer expectations. This technological shift is facilitating a more personalized shopping experience and efficient business operations, thereby driving market growth.

𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬:

The retail automation industry is adapting to the changing consumer preferences, particularly the growing demand for speed, convenience, and personalization in shopping experiences. Consumers around the world are increasingly favoring stores offering self-service options, contactless payments, and online shopping capabilities. This, in turn, is compelling retailers to integrate automation technologies like self-checkout kiosks, digital payment systems, and online order management platforms. As a result, retail automation is becoming essential for businesses aiming to enhance customer satisfaction and loyalty, which, in turn, is fueling market growth.

𝐂𝐨𝐬𝐭 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐚𝐧𝐝 𝐋𝐚𝐛𝐨𝐫 𝐒𝐡𝐨𝐫𝐭𝐚𝐠𝐞𝐬:

Retail automation is also being driven by its potential to increase cost efficiency and address labor shortages. Automated systems reduce the need for manual labor and can operate continuously, leading to decreased labor costs and increased productivity. In light of recent global events, such as the COVID-19 pandemic, many retailers have faced significant labor challenges. Automation offers a reliable solution by ensuring uninterrupted operations and mitigating the impact of workforce shortages. This aspect is particularly crucial in maintaining competitiveness and operational efficiency in the retail sector, contributing significantly to the growth of the retail automation industry.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐭𝐚𝐢𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

AGS Transact Technologies Ltd.
Diebold Nixdorf Incorporated
Fiserv Inc.
Fujitsu Limited
Honeywell International Inc.
NCR Corporation
Olea Kiosks Inc
Posiflex Technology Inc
Probiz Technologies Prvt
Sea Point China Limited
Simbe Robotics Inc
Zebra Technologies Corporation

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=4523&flag=C

𝐑𝐞𝐭𝐚𝐢𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐓𝐲𝐩𝐞:

Point-of-Sale (POS)
Barcode and RFID
Electronic Shelf Label (ESL)
Camera
Autonomous Guided Vehicle (AGV)
Others

Point-of-sale (POS) is the most popular type due to its critical role in streamlining transactions, managing inventory, and enhancing customer experience in retail settings.

𝐁𝐲 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

In-store
Warehouse

Warehouse accounted for the largest market share owing to its effectiveness in enhancing precipitation.

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

Supermarkets and Hypermarkets
Single Item Stores
Fuel Stations
Retail Pharmacies

Supermarkets and hypermarkets represent the leading segment as they are extensively adopting automation to manage high product volumes and improve customer service efficiency.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

North America's dominance in the retail automation market is attributed to the region's high technology adoption rates, a strong retail sector, and significant investments in retail automation technologies.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐭𝐚𝐢𝐥 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The retail automation market presents substantial growth opportunities in the coming years. The increasing adoption of e-commerce, the rising demand for contactless transactions, and the need for efficient supply chain management are some of the key factors propelling the market growth. These factors are pushing retailers toward innovative technologies like AI, IoT, and robotics. Additionally, the evolving consumer preference for speedy and personalized shopping experiences is encouraging retailers to integrate advanced automation solutions. In line with this, continual technological advancements, offering the potential for expansion in areas like inventory management, customer engagement, and labor cost reduction, are accelerating market growth.

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here

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