A summary of the Smart Retail Market :
A prominent global market research entity has recently unveiled an in-depth market research report centering on the “Smart Retail Market”. This comprehensive report offers extensive data and visual representations for analyzing both regional and global markets. It furnishes valuable insights into the market's objectives, encompassing detailed information on top competitors, market value, current trends, strategies, targets, and product offerings. Moreover, the report sheds light on the recent growth and historical data of the market, delivering crucial information for stakeholders.
Analysis and Development of the Smart Retail Market:
The Smart Retail Market size was valued at US$ 29.27 Bn. in 2022 and it is expected to reach US$ 111.19 Bn by 2029, at a CAGR of 21% through out the forecast period.
Industrial Range of Smart Retail Market :
This research report extensively analyzes trending competitors, their growth patterns, and market dynamics. It provides insights into regional and global market values and demands, facilitating a better understanding of the competitive landscape and the market's production, demand, and supply potential. The segmentation analysis considers crucial factors such as psychographic, demographic, geographic, and behavioral aspects, influencing marketing strategies, targeted products, offers, and customer experiences.
By utilizing Porter's analysis, the report determines organizations' competitive positions to enhance profitability. Additionally, Pestle analysis assesses the validity of existing products and services within the contextual data. A SWOT analysis evaluates the internal and external factors contributing to a company's strengths, weaknesses, advantages, and disadvantages. In summary, this report offers a comprehensive and informative overview of the Smart Retail market.
Classification of the Smart Retail Market
by Solution
Hardware
Software
According to Solution, with a 64% market share in 2022, the hardware category led the industry. In order to give customers a seamless in-store purchasing experience, augmented reality (AR) and virtual reality (VR) devices, point of sale (POS) systems, Bluetooth beacons, and radio frequency identification (RFID) systems are being used more and more. Throughout the forecast period, these factors are propelling the market's expansion.
Over the course of the projection period, the software segment is anticipated to increase at a CAGR of 26.3%. In order to enhance consumer loyalty and the shopping experience, more and more merchants worldwide are implementing analytics software to comprehend the unique requirements and behaviors of end users. Over the course of the forecast period, these factors are anticipated to propel the expansion of the smart retail market.
by Distribution Channel
Visual Marketing
Smart payments
Smart label
Others
Distributed by Chanel With a 32% market share in 2022, the visual marketing category led the industry. In order to maintain client attention, retailers view attractive storefronts, digital signage, indoor displays, and cutting-edge lighting and visual marketing as essential components of smart retail solutions. Attracting millennials has benefited greatly from social media marketing. It enables merchants to concentrate on offering a seamless buying encounter with the least amount of disturbance to social media. The market segment's expansion is being propelled by these factors.
by Application
Foot-traffic Monitoring
Inventory Management
Loyalty Management and Payment
Predictive Equipment Maintenance
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Smart Retail Market Location-Based Analysis
The report offers formal, functional, and vernacular regional analyses, focusing on high-demand regions such as Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. The analysis provides insights into different targets, strategies, and market values specific to each region.
Principal Players in the Smart Retail Market Industry
1. IBM
2. Intel Corporation
3. Cisco Systems Inc.
4. NXP Semiconductors N.V.
5. Microsoft
6. Huawei Investment & Holding Co. Ltd
7. NVIDIA Corporation
8. Samsung Electronics
9. Google Inc.
10. PTC Inc.
11. Trigo
12. Standard Cognition
13. Caper Inc.
14. Zippin
15. Walmart Inc.
16. Alibaba Group Holding Limited
17. Amazon.com Inc.
18. Albert Heijn BV
19. LOTTE
20. Estimote Inc.
21. AWM SMART SHELF
22. Smartcart
23. Cozy Infosystems
24. Focal Systems Inc.
List of Contents : Smart Retail Market
Part 01: Executive Summary
Part 02: Scope of the Smart Retail Market Report
Part 03: Smart Retail Market Landscape
Part 04: Smart Retail Market Sizing
Part 05: Smart Retail Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Important Questions the Smart Retail Market Report Addresses:
- What are the opportunities for the Smart Retail Market?
- Who are the key players in the Smart Retail market?
- Which company holds the largest share in the Smart Retail market?
- What will be the compound annual growth rate (CAGR) of the Smart Retail market during the forecast period?
- What key trends are expected to emerge in the Smart Retail market in the coming years?
Principal Products/Services:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Smart Retail Market
- Landscape: Leading key players and other prominent participants
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