A market of 68.8 billion dollars by 2026 with a CAGR of 24.9% expected in 2021-2026


DUBLIN, 22 December 2021 / PRNewswire / – The report “Smart Retail: Technologies and Global Markets 2021-2026″ has been added to ResearchAndMarkets.com offer.

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Smart retail technologies deliver faster, smarter, safer and more convenient services to shoppers. In addition to improving the customer experience, these services speed up inventory management and improve in-store operations. Technologies such as AI, augmented reality, virtual reality, and IoT are driving the implementation of smart retail applications and propelling the market growth.

The deployment of robots and automation in stores and warehouses to optimize processes is one of the main growth factors of this market. Additionally, in-store mobile marketing is becoming increasingly sophisticated and being used by retailers around the world. Smartphone use is becoming disruptive and retailers are embracing it to drive sales by making the shopper experience more efficient. Retailers invest in innovation that can help them better engage and interact with customers.

In this report, the global smart retail technology market is segmented by application, technology, system, and geography. In terms of application, the market is categorized into promotional advertising, in-store experience, checkout solutions, and others. In-store experience platforms include smart fitting rooms, customer experience / engagement through the use of technology, electronic shelf labels (ESL), robotics, retail smart, smart vending machines and shelves, electronic article surveillance (EAS), smart mirrors, and AR and VR tours.

In this report, the global smart retail technology market is segmented by application, system, technology, and geography. Using 2020 as the base year, the report provides estimated market data and revenue forecast for 2021 to 2026. Market values ​​have been estimated on the basis of the total revenue of the smart retail solution providers.

Key figures

  • The global smart retail technology market is expected to grow by $ 22.6 billion in 2021 to $ 68.8 billion by 2026 with a compound annual growth rate (CAGR) of 24.9% for the period 2021-2026.

  • The North American market for smart retail technologies is expected to grow by $ 9.4 billion in 2021 to $ 28.6 billion by 2026 with a compound annual growth rate (CAGR) of 25.0% for the period 2021-2026.

  • The European smart retail technology market is expected to grow from $ 6.9 billion in 2021 to $ 20.2 billion by 2026 with a compound annual growth rate (CAGR) of 23.9% for the period 2021-2026.

The report includes

  • 53 data tables and 11 additional tables

  • An Updated Review of the Global Smart Retail Technologies Market

  • Global market trend analyzes, with data from 2020, estimates for 2021, 2022 and 2024, with projections of compound annual growth rates (CAGR) to 2026

  • Smart Retail Market Size Assessment and Forecast (USD Million) and Corresponding Market Share Analysis by System Component, Application, Technology, Retailer Size and Geography

  • Latest insights into key (DRO) market dynamics, recent developments, technological updates, industry structure, regulatory scenario, and other significant factors affecting the growth of the Smart Retail Applications market

  • Country specific data and market value analysis for the United States, Canada, Mexico, China, India, Japan, South Korea, France, Germany, UK and other emerging economies in the smart retail market

  • An overview of key actions taken to improve the customer experience and effective management of business operations and information on government initiatives to drive savings

  • Overview of recent industry strategies, M&A transactions of key players operating in the global market; their key competitive landscape and business analysis

  • Analysis of the impact of the COVID-19 pandemic on the smart retail technology market

  • Profile descriptions of major players in the smart retail industry including Amazon.com Inc., Google Inc., Intel Corp., Microsoft, Samsung Electronics Co. Ltd. and Cisco Systems Inc.

Main topics covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Chapter 4 Market Breakdown by System Component

Chapter 5 Market Split by Application

Chapter 6 Market Breakdown by Technology

Chapter 7 Market Breakdown by Retailer Size

Chapter 8 Market Breakdown by Region

Chapter 9 Company Profiles

  • Major market players

  • Amazon.com, Inc.

  • Cisco Systems Inc.

  • Google Inc.

  • IBM Corp.

  • Intel Corp.

  • Microsoft

  • Ncr Corp.

  • Nvidia

  • Nxp Semiconductors SA

  • Ptc Inc.

  • Samsung Electronics Co. Ltd.

  • Other key players

  • Bosch Group

  • Broadcom Ltd.

  • Capers Ai

  • Diebold Nixdorf Inc.

  • First Data Corp.

  • Infineon Technologies AG

  • Intelligence

  • Light display

  • Normal technology

  • Pricer Ab

  • Probiz Technologies Pvt. Ltd.

  • Standard cognition

  • Texas instruments

  • Trigo

  • Verifone Inc.

  • Zensors

  • Zippin

For more information on this report, visit https://www.researchandmarkets.com/r/k2mvbu

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