Global retail automation market is estimated to record a substantial CAGR of 12.5% during the forecast period (2020-2026). The global retail industry is on an all-time high as global economies have continued to perform exceptionally well, stimulating retail sales and profitability. This has resulted in increased adoption of retail automation solutions, as the sales increase. More and more convenience store chains are seeking to implement different types of retail automation systems that could increase their efficiency, as well as profit margins. Besides, the boom of urbanization has played a significant role in the acceleration of retailing, which has indirectly benefited the retail automation market. As projected by the UN (United Nations), around 68% of the global population is expected to live in urban areas against 55% in 2018. Increasing urbanization is one of the key factors that foretell the potential of the global retail automation market.
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Global Retail Automation Market Report Segment
By Product
- Hardware
o RFID and Barcode Scanner
o POS Systems
o Vending Machines
o Self-Scan Checkout systems
o Other Hardware Types
- Software
o Workforce Management Software
o Supply Chain and Inventory Management Software
o Retails Apps and Online Store Applications
By End-User
- Supermarkets/Hypermarkets
- Convenience Stores
- Fuel Stations
- Other
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