Global Smart Shopping Cart Market Size study & Forecast, by Technology (Barcodes, RFID, Zigbee), by Application (Supermarket, Shopping-Malls, Others), by Distribution Channel (Direct, Distributor) and Regional Analysis, 2023-2030

Global Smart Shopping Cart Market Size study & Forecast, by Technology (Barcodes, RFID, Zigbee), by Application (Supermarket, Shopping-Malls, Others), by Distribution Channel (Direct, Distributor) and Regional Analysis, 2023-2030

Global Smart Shopping Cart Market is valued at approximately USD 1.51 billion in 2022 and is anticipated to grow with a CAGR of more than 27.60% over the forecast period 2023-2030. A smart shopping cart is a technologically advanced cart equipped with sensors, cameras, and an integrated display that enhances the shopping experience. It automatically monitors and calculates the items added to the cart, enabling customers to bypass the conventional checkout procedure. The market is being driven by factors such as growing integration of IoT devices and the growing number of super markets and hypermarkets. Furthermore, growing expansion in retail verticals and increasing demand for contactless shopping is creating new opportunities to the market space during the forecasted period of 2023-2030.

As retail sales continue to climb, the demand for innovative and efficient shopping experiences becomes increasingly pronounced. Smart Shopping Carts, equipped with advanced technology and IoT capabilities, are at the forefront of this transformation. According to Statista the retail sales across the world in year 2021 stood at USD 26.37 trillion which is projected to reach at USD 32.76 trillion by year 2026. These rising revenue indicates the rising demand and expansion of retail verticals which is driving the market growth. However, limited user acceptance & familiarity and limited integration with existing systems would hamper the growth of the market during the. Forecast period of 2023-2030.

The key regions considered for the Global Smart Shopping Cart Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the Smart Shopping Cart Market due to its technological advancements, strong retail industry, and consumer adoption of new technologies. The region's supportive regulatory environment and competitive landscape drive innovation and attract investments. The Asia Pacific region is experiencing the fastest growth in the Smart Shopping Cart Market due to its expanding retail sector, large consumer base, high mobile and internet penetration, and emphasis on technological innovation. Government initiatives and investments in digital technologies further propel the adoption of smart shopping carts in the region.

Major market player included in this report are:
The Kroger Company
Cust2mate Ltd.
Caper Inc.
Veeve Inc.
Tracxnpoint LLC.
Amazon.com Inc.
Chaohi incorporated
Retail AI Inc.
SmartCart LLC
V-Mark Enterprises Limited

Recent Developments in the Market:
 In June 2023, NanoMalaysia Berhad, an agency operating under Malaysia's Ministry of Science, Technology, and Innovation (MOSTI), collaborated with Retailetics Sdn Bhd, a local company specializing in AI-driven retail automation solutions. Together, they have introduced the EzyCart, a revolutionary smart shopping cart that is poised to reshape the retail industry.
 In October 2021, Instacart acquired Caper AI, a start-up specializing in smart cart and instant checkout solutions, for a substantial sum of USD 350 million.

Global Smart Shopping Cart Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Technology, Application, Distribution Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Barcodes
RFID
Zigbee

By Application:
Supermarket
Shopping-Malls
Others

By Distribution Channel:
Direct
Distributor

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
The Kroger Company
Cust2mate Ltd.
Caper Inc.
Veeve Inc.
Tracxnpoint LLC.
Amazon.com Inc.
Chaohi incorporated
Retail AI Inc.
SmartCart LLC
V-Mark Enterprises Limited

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