Global Retail Automation Market

Retail Automation Market Size, Share, Growth Analysis, By End-User(Hypermarkets, Supermarkets, Non-food Retail Stores, Specialty Stores), By Product Type(POS (Interactive Kiosks, Self-checkout Systems), Cameras, Electronic Shelf Labels (LCDS), By Implementation(In-store and Warehouse.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2178 | Region: Global | Published Date: August, 2024
Pages: 197 | Tables: 65 | Figures: 75

Retail Automation Market News

  • In May 2022, Toshiba Corporation unveiled its latest point-of-sale (POS) system, designed to enhance checkout speed and efficiency. The new POS system incorporates advanced features such as biometric authentication and mobile payment integration.
  • In March 2022, NCR Corporation introduced its next-generation self-checkout solution called "FastLane Mobile Shopper." This solution enables customers to scan and pay for items using their smartphones, providing a seamless and contactless shopping experience.
  • In January 2022, Honeywell International Inc. announced the launch of a new suite of retail automation solutions, including advanced barcode scanners and mobile computers, aimed at improving operational efficiency and customer experiences.
  • In December 2021, Fujitsu Limited launched an advanced digital signage solution for retail, offering dynamic and personalized content delivery. The solution utilizes AI-driven analytics to deliver targeted advertisements and promotions, enhancing customer engagement and driving sales.
  • In August 2023, NCR VOYIX Corporation (US) partnered with Autobooks Inc.,(US)   a cloud-based accounting software provider. The partnership integrated Autobooks’ accounting software with NCR VOYIX’s payment processing platform, NCR VOYIX Payments. This integration enables small businesses to accept payments, manage their finances, and track their sales in one place. 

  • In June 2023, Zebra Technologies introduced the TC22/TC27 mobile computer, catering to enterprises seeking enhanced manageability and productivity. The TC22/TC27 mobile computer is particularly well-suited for small and medium-sized businesses (SMBs) across industries such as retail, sports and entertainment, transport and logistics, utilities, and field services. This device comes equipped with a comprehensive suite of Zebra Mobility DNA tools for device management and security, with the option to upgrade to Mobility DNA Enterprise and support for upgrades up to Android 16. Zebra's value-added features, such as Tap to Pay, Device Tracker for preventing and recovering lost devices, Workstation Connect, and RFID capability through the RFD40 UHF RFID Sled, unlock additional functionalities to adapt to evolving business demands. 

  • In May 2023, Honeywell launched Honeywell Forge for Buildings, a comprehensive approach to building systems operations and management that can be used at a single site or with a portfolio. Honeywell Forge for Buildings features software, hardware, and services that help building owners and operators achieve sustainability, operational efficiency, occupant experience, compliance, safety and security, and resilience goals. 

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FAQs

Global Retail Automation Market size was valued at USD 22.34 billion in 2022 and is poised to grow from USD 24.62 billion in 2023 to USD 53.54 billion by 2031, growing at a CAGR of 10.20% during the forecast period (2024-2031).

The global retail automation market is a highly competitive landscape with the presence of several key players striving to gain a competitive edge. These companies focus on innovation, partnerships, mergers and acquisitions, and geographic expansion to solidify their market position. The competitive landscape is dynamic, with companies striving to differentiate themselves through product innovation, customer-centric solutions, and strategic partnerships. 'NCR Corporation (US) ', 'Toshiba Corporation (Japan) ', 'Diebold Nixdorf, Incorporated (US) ', 'Fujitsu Limited (Japan) ', 'Honeywell International Inc. (US) ', 'Zebra Technologies Corporation (US) ', 'IBM Corporation (US) ', 'Panasonic Corporation (Japan) ', 'ECR Software Corporation (US) ', 'Posiflex Technology, Inc. (Taiwan) ', 'NEC Corporation (Japan) ', 'Pricer AB (Sweden) ', 'Zucchetti Group (Italy) ', 'Seiko Epson Corporation (Japan) ', 'Datalogic S.p.A. (Italy) ', 'SAP SE (Germany) ', 'Casio Computer Co., Ltd. (Japan) ', 'Bluebird Inc. (South Korea) ', 'SATO Holdings Corporation (Japan) ', 'Cognex Corporation (United States) ', 'Avery Dennison Corporation (United States)'

Retailers are increasingly deploying self-checkout systems to enhance the customer experience and improve operational efficiency. The major retailers worldwide, such as Walmart, Target, and Tesco, have expanded their self-checkout offerings to reduce checkout time, provide contactless transactions, and cater to the growing demand for convenience.

North America is projected to maintain its position as the leading segment in the market during the forecast period. This is primarily due to the presence of well-established manufacturers and a large consumer base in the region. North America accounted for the largest share of revenue in the market, and it is expected to exhibit a robust compound annual growth rate (CAGR) of over 7% from 2023 to 2030. Besides North America, the European and Asia Pacific regions are also expected to be significant contributors to the global market's revenue.

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Global Retail Automation Market

Report ID: SQMIG45E2178

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