Retail Automation Market Set To Show a Considerable Growth By 2026 | Effects of COVID-19

Market Highlights

Global Retail Automation Market size is expected to register an exponential CAGR during the forecast period.

Retail automation is the adoption of technologies such as artificial intelligence (AI) and machine learning (ML) that enable retail businesses to transform and automate their day-to-day operations with the improved customer experience and efficient performance. Additionally, it helps automate the manual, repetitive, and tasks that are highly vulnerable to error occurrences.

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Segmentation:

According to Market Research Future, the Global Retail Automation Market has been segmented based on Type, Component, End-User, and Region.

Retail automation is the adoption of technologies such as artificial intelligence (AI) and machine learning (ML) that enable retail businesses to transform and automate their day-to-day operations with an improved customer experience and efficient performance. Additionally, it helps automate the manual, repetitive, and tasks that are highly vulnerable to error occurrences. Furthermore, retail automation offers numerous benefits that include minimized labor cost, which offers higher accuracy, increased efficiency, enhanced customer experience, boost sales, and took a retail business to the next level.

By type, the global retail automation market has been divided into electronic shelf labels, point of sale, kiosk, automatic storage and retrieval, barcode & RFID, automated conveyor, and others.

Based on components, the global retail automation market has been divided into hardware, software, and service.

By end-user, the retail automation market is bifurcated into hypermarkets, retail pharmacies, supermarkets, single item stores, fuel stations, and others.

The global retail automation market has been analyzed for five regions — North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Regional Analysis

By region, the Global Retail Automation Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is expected to be the largest contributor to the retail automation market, mainly due to the high adoption of retail automation solutions among hypermarkets, supermarkets, and others.

Key Players

The key players in the global retail automation market are FUJITSU (Japan), Toshiba Global Commerce Solutions (US), Honeywell International Inc. (US), Posiflex Technology, Inc. (Taiwan), E&K AUTOMATION LIMITED (UK), First Data Corporation (US), KUKA AG (Germany), Diebold Nixdorf, Incorporated (US), Zebra Technologies Corp. (US), NCR Corporation (US), Kiosk & Display (US), Xerox Corporation (US), Probiz Technologies Prvt Ltd. (India), READY.ONE (US), and Locbit (US).

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