Retail Automation Global Market-Overview
The rapid transformation in the retail sector has been induced in recent times due to the global pandemic, which is also significantly transforming the retail automation market 2020. The software reports are made by Market Research Future, which includes market options for progress. A USD 18 Billion is predicted to be attained by the market at an 11% CAGR by 2023.
The need to access quick facilities at reasonable prices is one of the dominant factors inspiring the development in the Retail Automation Market. Market stakeholders strongly advocate automation in the retail industry, and this factor is estimated to propel the retail automation market.
July 2020 FamilyMart, a store operator in Japan has stated its campaign to use robot workforces at 20 stores from place to place in Tokyo by 2022. Initially, people will run them remotely until the machines’ artificial intelligence (AI) can study to mimic human activities. The competing convenience store chain Lawson is also expected to deploy its first robot in September, this year.
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The prominent players in the global retail automation market are – Fujitsu Limited (Japan), Toshiba Global Commerce Solutions Inc. (US), Honeywell Scanning and Mobility (US), Posiflex Technology, Inc. (Taiwan), E&K Automation GmbH (Germany), First Data Corporation (US), Kuka AG (Germany), Wincor Nixdorf AG (Germany), Zebra Technologies Corporation (US), NCR Corporation (US), and Kiosk & Display LLC (US) among others.
The segmental investigation of the retail automation market is conducted on the basis of component, components, end-users, type, and region. The type-based segmentation of the retail automation market comprises of point of sale, automatic storage and retrieval, autonomous guided vehicle, barcode & RFID, automated conveyor, electronic shelf labels, and others. The component-based of the retail automation market comprises of software, services, hardware, and others. Based on the end-users, the retail automation market consists of retail pharmacies, hypermarkets, supermarkets, fuel stations, single item stores, and others. Based on the region, the retail automation market is segmented into Europe, North America, Asia Pacific and other significant regional markets.
The regional scrutiny of retail automation market is being conducted for regions such as Europe, North America, Asia Pacific and other significant regional markets. The retail automation market in the North American region is one of the foremost across the world in terms of the market segment as the RFID systems are developing and tags are less costly which benefits the various administrations to capitalize in the retail automation market. The regional market of the European region is projected to observe speedy progress in the upcoming period. Although, the countries in the Asia-Pacific such as Japan, China, and India are evolving markets for retail automation and are expected to be the uppermost CAGR in the approaching years owing to the soaring growth in infrastructural building schemes in this region.
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