Integration of automated technology to manage various retail activities such as store audit, workforce management, billing, product handling, etc. is known as retail automation.
Majors factors driving growth of the global retail automation market are increasing adoption of automated systems by retail sector and increasing number of retail stores across the globe. A major factor driving growth of the global retail automation market is high installation cost of automated systems. Integration of artificial intelligence and augmented reality in retail automated systems is a factor expected to further drive growth of the global market to a significant extent over the forecast period.
The global market is segmented on the basis of product type, implementation, end-user, and region. On the basis of product type, the global market is segmented into barcode and RFID, POS, cameras, electronic shelf labels, autonomous guided vehicles, and others. The POS segment is expected to witness highest growth over the forecast period.
On the basis of implementation, the global market is segmented into in-store and warehouse. The warehouse segment is expected to witness highest growth over the forecast period.
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On the basis of end-user, the global market is segmented into hypermarkets, supermarkets, convenience stores, fuel stations, and retail pharmacies. The hypermarket segment accounts for highest revenue share and the supermarket segment is expected to witness highest growth over the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America retail automation market accounts for highest revenue share in the global market. The Asia Pacific retail automation market is expected to witness highest growth over the forecast period.
Key players in the global market are Datalogic S.P.A, Diebold Nixdorf Incorporated, First Data Corporation, Fujitsu Limited, Honeywell International Inc., NCR Corporation, Outerwall Inc., Pricer, Toshiba Global Commerce Solutions, Inc., ZIH Corp., and other prominent players.