Global Smart Retail Market (2021 to 2026) - Featuring Bossa Nova Robotics, Broadcom and Cisco Systems Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Smart Retail Market (2021-2026) by Application Type, Product Type, Technology Type, System Type, Offering Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Retail Market is estimated to be USD 23.47 Bn in 2021 and is expected to reach USD 51.48 Bn by 2026, growing at a CAGR of 17.01%.

The Global Smart Retail Market is driving due to retailers' increasing use of automation and robots to offer shopping convenience to their customers. The deployment of Robots in supermarkets and hypermarkets helps simplify the product finding process. The rising adoption of new software technologies such as big data analytics, blockchain, machine learning, etc., by retailers, helps facilitate inventory management and improve store operations, which will drive the market's growth.

Also, shifting demand and expectation of customers towards smart shopping solutions allow retailers to increase usage of smart technologies will help in fuelling the market's growth. On the other hand, high maintenance costs associated with advanced high-end computing systems will increase retailers' expenditure and restrict the market's growth.

Furthermore, increasing shoplifting instances will always be a challenge and negatively affect the market's growth. However, the growing number of conversions into smart stores leads to self-delivery vehicles. The rising use of technologies such as innovative sensors to improve connectivity availability of communication solutions in connecting with end-users to offer after-sale services or provide customer feedback by the retailers will create opportunities for the market.

The Global Smart Retail Market is segmented based on Application Type, Product Type, Technology Type, System Type, Offering Type, and Geography.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Smart Retail Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Increasing Adoption of Robots to Offer Shopping Convivences
• Rising Adoption of New Software Technological by Retailers
• Changing Customer Expectations Leading Smart Retailing Adoption

Restraints

• Theft Risk for Customer Data
• High Maintenance Cost of Advanced System

Opportunities

• Rising Adoption of Self-Delivery Vehicles
• Growing Usage of Technologies for Connecting End-Users

Challenges

• Increase in Shoplift Instances

Companies Mentioned

• Albert Heijn
• Alibaba Group Holding Limited
• Amazon.com, Inc
• AWM Smart Shelf
• Bossa Nova Robotics
• Broadcom, Inc
• Caper AI
• Cisco Systems, Inc
• Cozy Infosystems Pvt Ltd
• Diebold Nixdorf
• Estimote, Inc
• Five Elements Robotics
• First Data Corporation
• Focal Systems, Inc
• Google, Inc
• Honeywell International, Inc
• Huawei Technology Co Ltd
• Infineon Technologies AG
• International Business Machine Corporation
• Intel Corporation
• LG Display Co Ltd
• Microsoft
• NCR Corporation
• Nvidia Corporation
• NXP Semiconductors
• Par Technology Corporation
• PAX Global
• Probiz Technologies Pvt Ltd
• Pricer
• PTC, Inc
• Robert Bosch GmbH
• Samsung Electronics Co Ltd
• SES-Imagotag
• Smartcart
• Standard Cognition, Corp
• STMicroelectronics
• Texas Instruments, Inc
• Walmart, Inc

For more information about this report visit https://www.researchandmarkets.com/r/a0f99e