Bharat Book Bureau Provides the Trending Market Research Report on “Global Smart Retail: Technologies Markets 2025” under Consumer Goods Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.



Summary:
The Smart Retail Technologies Markets refers to smart technologies intended to provide faster, smarter, safer and more convenient services to customers while shopping. In addition to improving customer experience, these services accelerate inventory management and enhance store operations.

Technologies such as artificial intelligence, augmented reality, virtual reality and IoT are encouraging the implementation of smart retail applications and propelling market growth.


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Summary:

Leading players operating in this market such as Intel Corp., Samsung Electronics, IBM, Nvidia, Google Inc., Microsoft Corp., Amazon and NXP Semiconductors are investing in smart retail technology to help improve operations and serve their customers. For instance, Amazon announced Amazon Go, a smart grocery store utilizing IoT technology to provide customers a shopping experience with cashierless checkout. Also, in November 2019, Standard Cognition entered into an agreement with Mars Wrigley, a manufacturer of chocolates, chewing gums, mints and fruity confections, to help Mars Wrigley with autonomous checkout solutions.

The global market for smart retail was valued at $REDACTED billion in 2019 and is forecast to reach $REDACTED billion by 2025, growing at a CAGR of REDACTED% during the forecast period. The deployment of robots andautomation in stores and warehouses to optimize processes is one of the major factors driving the growth of this market. Moreover, in-store mobile marketing is becoming increasingly more sophisticated, and it is being used by retailers around the globe. Smart phone use is becoming a disruptor, and retailers are embracing it to usher in sales by making the shopper’s journey more efficient.

To create a smart shopping experience for in-store customers, retailers are investing in innovation to engage and interact with customers. For example, in October 2019, Caper Inc. collaborated with Sobeys Inc., one of the largest grocery chains in North America, to deploy its smart cart technology. The partnership aims to commercialize Caper’s smart products and solutions and step in the smart retail market to offer convenience and customer engagement throughout the customer journey.

In this report, the global smart retail market has been segmented based on application, technology, system and geography. Based on application category, the smart retail market has been categorized into promotional advertising, in-store experience, check-out solutions and others. The in-store experience currently accounts for the dominant share of the market and was estimated to be $REDACTED billion in 2019. Various in-store experience platforms include smart fitting rooms, customer experience/engagement through the use of technologies, electronic shelf labels (ESLs), robotics, intelligent retail Wi-Fi, smart vending machines and shelves, electronic article surveillance (EAS), smart mirrors, augmented reality and virtual reality tours, and so on.

For example, Tiffany, a high-end retail store, in 2018, opened a brand new store in London’s Covent Garden with a heightened focus on the customer experience. Decoratedin its famous duck egg blue, the store is designed to be interactive, comprising extra features such as avending machine stocked full of Tiffany perfume, and a #MakeItTiffany personalization bar where customers can get their jewelry engraved.

Report Scope:

In this report, the market has been segmented based on application, system, technology and geography. The report provides an overview of the global smart retail and analyzes market trend. Using 2019 as the base year, the report provides estimated market data for the forecast period 2020 through 2025. Revenue forecasts for this period are segmented based on application, system, technology and geography. Market values have been estimated based on the total revenue of the smart retail solution providers.

The report covers the market for smart retail with regards to their applications across different regions. It also focusses on the major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for smart retail in 2020 and provides projections of the expected market size through 2025.

Report Includes:

- 30 data tables and 14 additional tables

- An overview of the global market for smart retail

- Analyses of market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025

- Identification of new opportunities, challenges, and technological changes within the smart retail applications industry

- A look at the major steps taken to improve customer experience and efficient management of business operations and insights into government initiatives to boost economies

- Detailed analysis of the current market trends, market forecast and discussion of technological, regulatory and competitive elements as well as economic trends affecting the future marketplace for smart retail applications

- Market share analysis of the key companies of the industry, their strategic profiling, competitive landscape and their detailed company profiles, including Intel Corp., Samsung Electronics, Nvidia, Google Inc., Microsoft Corp., and Amazon

Table of Contents

Chapter 1 Introduction

Study Goals and Objectives

Scope of Report

Reasons for Doing the Study

Intended Audiences

Information Sources

Methodology

Geographic Breakdown

Analyst's Credentials

Chapter 2 Summary and Highlights

Chapter 3 Smart Retail: Market Overview

Future of Smart Retail

Market Drivers

Deployment of Robots and Automation to Offer Shopping Convenience

Adoption of Big Data Analytics by Retailers to Understand Customer Behavior

Smartphones Complementing the Implementation of New Technologies by Retailers

Market Restraints

Cyber Security Attacks and Data Security Concerns Rising Among Retailers

Maintenance Costs of Advanced High-End Computing Systems

Market Opportunities

Internet of Things is Projected to Create Rewarding Opportunities for Players Offering Smart Solutions for Retail

Predictive Commerce is Likely to Become an Opportunity for the Market for Smart Retail

Chapter 4 Smart Retail Use Cases

Amazon

Amazon Go: Making a Cashierless Store

Walmart

Intelligent Retail Lab: Keeping Track of Inventory

The Kroger Co.

EDGE Shelf: Digital Displays Improve the Shopping Experience

The Home Depot

A Data-Driven Approach with Google Cloud’s BigQuery

Sephora

Integrating Retail and Digital Marketing Strategy to Attract Shoppers

Chapter 5 Market Breakdown by System

Introduction

Software

Hardware

Chapter 6 Market Breakdown by Application

Introduction

Promotional Advertising

In-store Experience

Checkout Solutions

Others

Chapter 7 Market Breakdown by Technology

Introduction

Artificial Intelligence (AI)

Internet of Things (IoT)

Other Technologies

Chapter 8 Market Breakdown by Region

Introduction

North America

United States

Canada

Mexico

Asia-Pacific

China

Japan

India

South Korea

Rest of Asia-Pacific

Europe

Germany

France

United Kingdom

Rest of Europe

Rest of World (RoW)

Chapter 9 Competitive Landscape

Types of Players in the Market

Market Leaders

Market Challengers

Niche Players

Market Ranking Analysis

Top-Ranked Companies

IBM

Browse our full report with Table of Content:

https://www.bharatbook.com/marketreports/smart-retail-technologies-and-global-markets/2182213


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