According to Stratistics MRC, the Global Smart Retail Market is accounted for $27,806.61 million in 2021 and is expected to reach $137,878.00 million by 2028 growing at a CAGR of 25.7% during the forecast period.
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Smart Retail consists of set of technologies specially designed to offer faster, smarter, and safer service to customers during shopping. Surveys are being carried out by retailers to recognize customer actions and requirements. They are also adopting several solutions to attract customers. Use of such technologies helps the retailers to promote a better brand image and increase sales.
Some of the key players profiled in the Smart Retail Market include Amazon, Ingenico, Intel, LG Display, Par Technology, PAX Global Technology, Softbank Robotics Holdings, Verifone, Bosch Group, Broadcom Limited, Cisco Systems, First Data, Google LLC, Honeywell, Huawei Investment & Holding, IBM Corporation, and Walmart Inc.
Retail Offerings Covered:
• Hardlines and Leisure Goods
• Fast-Moving Consumer Goods
• Apparel and Accessories
Systems Covered:
• Smart Label
• Visual Marketing (Digital Signage)
• Smart Payment System
• Intelligent System
• Other Systems
Solutions Covered:
• Software
• Hardware
Technologies Covered:
• Mobiles
• Visual Recognition
• Blockchain
• Artificial Intelligence
Applications Covered:
• Brand Protection
• Foot-Traffic Monitoring
• Inventory Management
• Loyalty Management and Payment
• Predictive Equipment Maintenance
• Smart Fitting Rooms
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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