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Global Smart Retail Market Overview

The smart retail market was valued at $10.89 billion in 2017 and is likely to reach $39.21 billion at a CAGR of 25.06% during the forecast period of 2018 to 2023. Smart retail uses smart technologies in order to provide the consumer a greater, faster, safer and smarter experience while shopping. It includes the insights and analytics that enables retailers to improve profitability. It uses big data analytics and technologies such as artificial intelligence, IoT, and AR/VR to have real-time visibility to deliver impactful and personalized shopping experiences.

Growing adoption of smartphones, increasing demand for better customer services, and reducing cost of electronics components has majorly driven the smart retail market. But, concerns related to data security & privacy with advanced technologies and high maintenance of advanced computing systems has impeded the growth of the market. However, growing investment in retail industry is expected to create new opportunities for the smart retail market in coming years.

The smart retail market is segmented based on solution, application, and geography. By solution, the market is segmented into hardware and software. Based on application, the smart retail market is sub-divided into visual marketing, smart label, smart payment system, intelligent system, robotics, and analytics. Geographically, the smart retail market is sub-divided into North America, Europe, Asia-Pacific, and Rest of the world.

The key market players operating in the smart retail market include Google (U.S.), PTC (U.S.), Amazon (U.S.), Cisco System, (U.S.), Intel (U.S.), IBM (U.S.), SoftBank Robotics Holdings Corp. (Japan), Ingenico Group (France), Verifone Holdings, Inc. (U.S.), NVIDIA (U.S.), Samsung Electronics (South Korea), Microsoft (U.S.), NXP Semiconductors (Netherlands), Par Technology Corporation (U.S.), First Data Corporation (U.S.), NCR Corporation (U.S.), EVRY ASA (Norway), and among others.

SMART RETAIL MARKET SEGMENTS

Market By Solution
•    Hardware
•    Software
Market By Application
•    Visual Marketing
•    Smart Label
•    Smart Payment System
•    Intelligent System
•    Robotics
•    Analytics
Market By Geography
•    North America
•    Europe
•    Asia Pacific
•    Rest of the world
KEY STAKEHOLDERS IN THE MARKET
•    Original equipment manufacturers (OEMs)
•    Equipment distributors and suppliers
•    Suppliers of related accessories for smart retail devices
•    Semiconductor component manufacturers and distributors
•    Technology consultants and system integrators
•    Suppliers of standard devices and technologies to system integrators
•    Research organizations and consulting companies
•    Government bodies such as regulating authorities and policymakers
•    Venture capitalists and private equity firms
•    Associations, organizations, and alliances related to smart retail

 

1. Introduction

 

  1.1. Objectives of the study
  1.2. Definition
   1.3. Scope of the study
    1.4. Currency Covered
    1.5. Limitations
2. Research Methodogoly
   2.1. Secondary Research
   2.2. Primary Research
        2.2.1. Breakdown of Primaries
        2.2.2. Key Data From Primary Sources
        2.2.3. Key Industry Insights
3.  Market Size Estimation
    3.1. Bottom-Up Approach
         3.1.1. Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
     3.2. Top-Down Approach
          3.1.2. Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
    3.2. Market Breakdown and Data Triangulation
    3.3. Research Assumptions
4. Executive Summary
5. Premium Insights
    5.1 Attractive Opportunities in Smart Retail Market
6. Market Overview
    6.1 Introduction
    6.2 Market Dynamics
           6.2.1 Drivers
           6.2.2 Restraints
           6.2.3 Opportunities
           6.2.4 Challenges
    6.3 Porter's Forces Analysis
    6.4 Recent Trends in Market
7. Global Smart Retail Market, by Solution
  7.1. Software
  7.2. Services
8. Global Smart Retail Market, by Application
 8.1. Smart Label
 8.2. Smart Payment System
 8.3. Intelligent System
8.4.  Robotics
8.5. Analytics
9. Global Smart Retail Market, by Geography
  9.1. North America  
  9.2. Europe
  9.3. Asia-Pacific
  9.4. Rest of the World
10. Global Smart Retail Market, Company Profile  
10.1. Google
10.2. PTC
10.3. Amazon
10.4. Cisco System
10.5. Ingenico Group
10.6. SoftBank Robotics Holdings Corp.
10.7. Verifone Holdings, Inc.
10.8. NXP Semiconductors
10.9. NCR Corporation
10.10. First Data Corporation
10.11.   NVIDIA
10.12. Samsung Electronics
10.13. Microsoft
10.14. EVRY ASA
10.15. Par Technology Corporation

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