Market Overview:
The global smart retail market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart retail solutions from departmental stores, cinema complexes, stadiums, amusement parks, airports and other applications. North America is expected to hold the largest share of the global smart retail market in 2018 while Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
Smart Retail is the use of technology in retail to improve the customer experience and increase sales. Smart Retail can include things like using digital signage to show product information and promotions, using mobile devices to help customers find what they are looking for, and using sensors to track inventory levels. The goal of Smart Retail is to make shopping easier and more enjoyable for customers, while also improving efficiency for retailers.
Hardware:
Hardware is the physical devices or tools which are used to achieve a certain result. In retail industry, hardware includes cash drawers, till systems, self-checkout systems and other electronic devices.
Software:
Software is the collection of tools and applications that help in carrying out a specific task or series of tasks with better efficiency. In retail industry, software helps to automate processes such as inventory management, sales & marketing automation, customer relationship management and supply chain management among others.
Application Insights:
The departmental stores segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing consumer spending on clothing and footwear, as well as electronics and appliances among other goods. Departmental stores are expected to provide better shopping experience by providing advanced technologies such as facial recognition, in-store advertising, etc., thereby driving the adoption of smart retail solutions across countries worldwide.
Cinema complexes are another popular application segment that is estimated to witness significant growth over the coming years owing to rising demand for entertainment among consumers globally.
Regional Analysis:
North America dominated the global market in 2017. The growth of e-commerce and digitalization in the region is expected to fuel the demand for retail solutions over the forecast period. Furthermore, increasing investments by companies such as Amazon, Inc.; Apple Inc.; and Google LLC are expected to drive innovation across all segments of smart retail thereby fueling market growth. For instance, in 2016, Google LLC invested USD X million to expand its operations in U.S., which includes remodeling of a former Kmart store into a new Google office space; remodeling of an old Safeway into a Whole Foods Market; and construction of another office building calledGoogle Building-San Francisco at Lake Merced Station (GMZ) located near San Francisco International Airport (SFO).
Growth Factors:
- Increasing demand for convenience and personalization in retail shopping
- Proliferation of digital technologies and the Internet of Things (IoT) in retail stores
- Emergence of new business models, such as showrooming and webrooming
- Growing demand for omni-channel retailing strategies
- Rising popularity of experiential shopping
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Retail Market Research Report
By Type
Hardware, Software, Service
By Application
Departmental Stores, Cinema Complexes, Stadiums, Amusement Parks, Airports, Other
By Companies
Intel, IBM, NVIDIA, Samsung, Microsoft, Google, PTC, Amazon, Cisco System, NXP Semiconductors, Par Technology, SoftBank, Ingenico, Verifone, First Data, NCR, EVRY
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Smart Retail Market Report Segments:
The global Smart Retail market is segmented on the basis of:
Types
Hardware, Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Departmental Stores, Cinema Complexes, Stadiums, Amusement Parks, Airports, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intel
- IBM
- NVIDIA
- Samsung
- Microsoft
- Google
- PTC
- Amazon
- Cisco System
- NXP Semiconductors
- Par Technology
- SoftBank
- Ingenico
- Verifone
- First Data
- NCR
- EVRY
Highlights of The Smart Retail Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Service
- By Application:
- Departmental Stores
- Cinema Complexes
- Stadiums
- Amusement Parks
- Airports
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Retail Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Retail is a term used to describe the use of technology in retail stores. It can include things like using sensors to track inventory, using software to manage customer interactions, and using data analytics to improve store operations.
Some of the key players operating in the smart retail market are Intel, IBM, NVIDIA, Samsung, Microsoft, Google, PTC, Amazon, Cisco System, NXP Semiconductors, Par Technology, SoftBank, Ingenico, Verifone, First Data, NCR, EVRY.
The smart retail market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Retail Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Retail Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Retail Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Retail Market Size & Forecast, 2020-2028
4.5.1 Smart Retail Market Size and Y-o-Y Growth
4.5.2 Smart Retail Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Departmental Stores
6.2.2 Cinema Complexes
6.2.3 Stadiums
6.2.4 Amusement Parks
6.2.5 Airports
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Retail Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Retail Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Departmental Stores
9.10.2 Cinema Complexes
9.10.3 Stadiums
9.10.4 Amusement Parks
9.10.5 Airports
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Departmental Stores
10.10.2 Cinema Complexes
10.10.3 Stadiums
10.10.4 Amusement Parks
10.10.5 Airports
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Departmental Stores
11.10.2 Cinema Complexes
11.10.3 Stadiums
11.10.4 Amusement Parks
11.10.5 Airports
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Departmental Stores
12.10.2 Cinema Complexes
12.10.3 Stadiums
12.10.4 Amusement Parks
12.10.5 Airports
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Departmental Stores
13.10.2 Cinema Complexes
13.10.3 Stadiums
13.10.4 Amusement Parks
13.10.5 Airports
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Retail Market: Competitive Dashboard
14.2 Global Smart Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intel
14.3.2 IBM
14.3.3 NVIDIA
14.3.4 Samsung
14.3.5 Microsoft
14.3.6 Google
14.3.7 PTC
14.3.8 Amazon
14.3.9 Cisco System
14.3.10 NXP Semiconductors
14.3.11 Par Technology
14.3.12 SoftBank
14.3.13 Ingenico
14.3.14 Verifone
14.3.15 First Data
14.3.16 NCR
14.3.17 EVRY
