The smart retail market size reached USD 23.40 Billion in 2021 and is expected to register a revenue CAGR of 22.9% during the forecast period to the latest analysis by Emergen Research. Blank screens provide no value to the customer experience, and generic Original Equipment Manufacturer (OEM) information is less than ideal and causes visual clutter in stores. Customers can interact with in-store gadgets during synchronized take-over moments, which can speed the route to purchase for purpose-driven customers shopping for something specific. Smart retail technology's behavior-based analytics can be extremely useful for resource management and cost control. Digital price tags save money by eliminating the hard costs of printed labels and streamlining a low-value process, allowing salespeople to focus on more important tasks.
The study draws a forecast of the growth of the Smart Retail market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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The study on the Global Smart Retail Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Smart Retail market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Smart Retail industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Smart Retail industry.
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Top Companies Operating in the Smart Retail Market and Profiled in the Report are:
Walmart Inc., Cisco Systems, Huawei Technologies Co. Ltd., Intel Corporation, Samsung Electronics, NVIDIA Corporation. Alibaba Group Holding Limited, Amazon.com, Inc., IBM Corporation, and Google LLC.
Emergen Research has segmented the Smart Retail market on the basis of solution, application, and region:
Solution Outlook (Revenue, USD Billion; 2019–2030)
- Hardware
- Software
Application Outlook (Revenue, USD Billion; 2019–2030)
- Visual Marketing
- Smart Label
- Smart Payment System
- Robotics
- Others
Smart Retail Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Objectives of the Report:
- Study of the global Smart Retail market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
- Industrial structure analysis of the Smart Retail market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Smart Retail market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Retail market
- Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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