Retail Automation Market Size, Trends & Growth Opportunity By Product (Point-Of-Sale, Camera, Barcode and RFID, and Others), By Implementation (On-Warehouse, and On-Store Premise), By End User (Supermarket, Hypermarket, Single-Item Stores, Petrol Pumps/Fu

Retail Automation Market Size, Trends & Growth Opportunity By Product (Point-Of-Sale, Camera, Barcode and RFID, and Others), By Implementation (On-Warehouse, and On-Store Premise), By End User (Supermarket, Hypermarket, Single-Item Stores, Petrol Pumps/Fuel Stations, and Health & Retail Pharmacy), By Region and Forecast till 2027>

Market Overview

Global Retail Automation Market was valued at USD 13.58 billion in 2021 which is expected to reach USD 28.48 billion by 2027 at a CAGR 12.55% from 2022-2027>

Retail automation is the use of technology in a retail setting to facilitate the exchange of goods and services with customers. Grocery stores, online retailers, and service providers make up the bulk of the retail automation industry. Self-checkout, vending machines, service kiosks, and many others are examples of retail automation that increase productivity and cut labour costs.

Market Drivers

the need to increase consumer engagement in the purchase of goods has forced the retail automation industry to significantly automate its operational processes. Economic growth of a nation is dependent on consumer spending or buying power. Furthermore, the ability of automation to reshape the retail industry and provide wider value chain opportunities for market leaders are key growth drivers anticipated to support the global retail automation market. Additionally, market expansion will benefit from research and development efforts to expand the reach of virtual marketing.

Market Restraints

the global retail automation market is expected to be constrained by a lack of knowledge about terminal operability. Additionally, the market's growth will be hampered by its high level of reliance on electricity and the internet.

Market Segmentation

Global Retail Automation Market is segmented into product such as Point-Of-Sale, Camera, Barcode and RFID, and Others, by implementation such as On-Warehouse, and On-Store Premise. Further, market is segmented into end user such as Supermarket, Hypermarket, Single-Item Stores, Petrol Pumps/Fuel Stations, and Health & Retail Pharmacy.

Also, Global Retail Automation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest market share was accounted for by North America. To remain competitive in the globalised market, North American retailers are expanding their R&D efforts internationally. In order to meet the demands of international trade, North America is also anticipated to experience growth in the retail sector's emerging technologies. Additionally, the need for high accuracy levels in retailing operations like inventory management and the rising demand for highly sophisticated retail services are the main factors anticipated to fuel the growth of retail automation in the region.

Market Key Players

Various key players are discussed in this report such as Zebra Technologies Corp., Pricer, Posiflex Technology Inc, NCR Corp., Datalogic S.P.A, First Data Corporation, Fujitsu Limited, Honeywell Scanning & Mobility, and Wincor Nixdorf AG.

Market Taxonomy

By Product

• Point-Of-Sale
• Camera
• Barcode and RFID
• Others

• On-Warehouse
• On-Store Premise

• Supermarket
• Hypermarket
• Single-Item Stores
• Petrol Pumps/Fuel Stations
• Health & Retail Pharmacy

• North America
• Latin America
• Europe
• Asia pacific
• Middle East & Africa