Lucintel's latest market report analyzed that smart retail provides attractive opportunities in various applications, such as foot-traffic monitoring, inventory management, loyalty management and payment, predictive equipment maintenance, brand protection, and smart fitting rooms. The smart retail market is expected to grow at a CAGR of 23%-25%. In this market, robotics is the largest segment by system, whereas foot-traffic monitoring is largest by application.
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Based on system, the smart retail market is segmented into digital signage
solutions, smart labels, smart payment systems, intelligent vending machines,
augmented reality solutions, virtual reality solutions, POS solutions, smart
carts, robotics, analytics. The robotics segment accounted for the largest
share of the market in 2020 due to the growing use of robots in supermarkets,
hypermarkets, and other retail stores to make shopping convenient for
customers.
Browse in-depth TOC on “Smart
Retail Market”
XX – Tables
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150 – Pages
The smart retail market is
marked by the presence of several big and small players. Some of the prominent
players offering smart retail include IBM, Intel Corporation, Cisco Systems,
Samsung Electronics, Amazon, Google, Nvidia, NXP Semiconductors N.V., and
Microsoft.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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