Global Smart Retail Market is valued USD 8.57 billion in 2016 is anticipated to grow USD 59.01 billion with the compounded annual growth of 23.91% over the forecast period 2018-2025.
New York 21 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Smart Retail market industry is poised to raise USD 59.01 billion by 2025. The market growth is primarily attributed to prominent new technologies generates new incomes for retailers, growing espousal of smartphones, diminishing costs of electronics components, rising demands for the better shopping experience and customer services. Smart retail is a term that is used to describe a set of smart technologies which are intended to give the consumer a safer, faster, greater, and smarter experience when shopping.
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Global Smart Retail Market Size Study By Application (Intelligent System (Smart Cart, Interactive Kiosk, Intelligent Vending Machine, AR/VR), Robotics, Visual Marketing, Smart Payment System, Analytics, Smart Label, and Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Google, Intel, Par Technology Corporation, NVIDIA, Microsoft, IBM, Amazon, Samsung Electronics, SoftBank Robotics Holdings Corp., Verifone Holdings, Inc., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than XX % of the total market in 2016.
- North America region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Intelligent System
- Smart Cart
- Interactive Kiosk
- Intelligent Vending Machine
- Visual Marketing
- Smart Payment System
- Smart Label
- North America
- Asia Pacific
- Latin America
- Rest of the World