$18.99 Billion Retail Automation Market 2017 by Type, Implementation, End User and Geography - Global Forecast to 2023
DUBLIN, August 16, 2017 /PRNewswire/ --
The "Retail Automation Market by Type (PoS, Barcode and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), Implementation, End User (Hypermarkets, Supermarkets, Single Item Store, Fuel Stations, Retail Pharmacies) and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.
The retail automation market is expected to grow at a CAGR of 10.96% between 2017 and 2023 to be valued at USD 18.99 Billion by 2023.
The growth of this market is being propelled by the growing deployment of self-automated technologies by retail end users such as supermarkets, hypermarkets, and single item stores. Implementation of retail technologies helps retailers to enhance the shopping experience for customers by reducing the checkout time and providing more personalized services at the stores. Ability to help retailers to reduce the operational cost of the stores and tackle with labor shortage issues is a significant factor that is driving the retail automation market.
Datalogic S.p.A. (Italy) is one of the leading players in the retail automation market. The company intends to follow various strategies to stay ahead in the market competition. The company plans to focus on constant product and process innovation to meet the market and customer needs. The technology used in product and process innovation is one of the essential drivers for the growth of the company. The company generates high revenues from Europe.
The company strives to retain its top position in the retail automation market through the strategy of product launches. In January 2017, it launched the various retail solutions such as Magellan 3400VSi scanner, Magellan 3500HSi scanner, DLR-BT001 RFID pocket reader with Bluetoothwireless technology, DLR-TL001 low-cost temperature logger, and DLR-DK001 desktop UHF RFID reader at Retail Big Show 2017 held in New York.
Market Dynamics
Drivers
- Benefits of Business Optimization and Reduced Cost to Retailers
- Rising Demand for Quality and Fast Services
- Increased Demand for Retail Automation Products
Restraints
- Dependency on the Internet and Electricity
Opportunities
- High Growth Potential in Emerging Economies
- Adoption of New Retail Automation Products
- Emergence of Augmented Reality and Virtual Reality in Retail
Challenges
- Lack of Knowledge Regarding Terminal Operability
- Theft Risks at Unattended Terminals
- Continuous Vigilance at Unattended Terminals
Burning Issues
- Balance Between Retail Automation and Employment
- Impact of E-Commerce on In-Store Retail
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Retail Automation Market, By Type
8 Retail Automation Market, By Implementation
9 Retail Automation Market, By End User
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Ags Transact Technologies Ltd. (India)
- Arkrobot (India)
- Aures Technologies Sa (France)
- Datalogic S.P.A. (Italy)
- E& K Automation GmbH (Germany)
- Fametech Inc. (Tysso) (Taiwan)
- First Data Corporation (US)
- Fujitsu Limited (Japan)
- Greyorange (Singapore)
- Honeywell Scanning and Mobility (US)
- Inc. (Taiwan)
- Inmarket LLC. (US)
- Kuka AG (Germany)
- NCR Corporation (US)
- Oleo Kiosks Inc. (US)
- POS -X (US)
- Posiflex Technology
- Pricer AB (Sweden)
- Probiz Technologies Prvt Ltd.(India)
- Seepoint Technology LLC. (US)
- Simbe Robotics,Inc (US)
- Slabb Inc. (US)
- Toshiba Global Commerce Solutions Inc. (US)
- Verifone (US)
- Wincor Nixdorf Ag
- Zebra Technologies Corporation (US)
For more information about this report visit https://www.researchandmarkets.com/research/mmfq8m/retail_automation
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