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Retail Automation Market worth 18.99 Billion USD by 2023-Experts Review

<br>The retail automation market was valued at USD 9.19 Billion in 2016 and is expected to reach USD 18.99 Billion by 2023, at a CAGR of 10.96 % during the forecast period. The high growth potential in emerging economies and adoption of new retail automated products are creating immense opportunities for the growth of retail automation market.

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Retail Automation Market worth 18.99 Billion USD by 2023-Experts Review

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  1. Retail Automation Market by Type (PoS, Barcode and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), Implementation, End User (Hypermarkets, Supermarkets, Single Item Store, Fuel Stations, Retail Pharmacies) and Geography - Global Forecast to 2023 www.MarketsandMarkets.com

  2. According to the new report "Retail Automation Market by Type (PoS, Barcode and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), Implementation, End User (Hypermarkets, Supermarkets, Single Item Store, Fuel Stations, Retail Pharmacies) and Geography - Global Forecast to 2023“ The overall retail automation market is expected to be valued at USD 18.99 Billion by 2023, at a CAGR of 10.96 % between 2017 and 2023. The key factors driving the growth of the market include the increased in demand for retail automation products, benefits of business optimization and reduced cost to retailers, and rising demands of customers for quality and fast service. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=1247&utm_source=PPT&utm_campaign=mahesh

  3. Warehouse o hold larger share of retail automation market based on implementation in coming years The warehouse implementation held a larger share of the retail automation market than the in-store implementation in 2016. With the increase in the number of stock keeping units (SKUs), the size of the warehouse has increased considerably, making it difficult for warehouse workers to perform their tasks proficiently. The emergence of warehouse automation has enabled the companies to increase the efficiency of their warehouse operations. In the majority of warehouses, various processes such as picking, sorting, packing, storage, and retrieval are accomplished by employees. With the technological developments, the retailers are now adopting automated conveyors, robots, and automated storage and retrieval systems, involving only partial engagement of employees. Hence the large investments in the warehouse automation are expected to further help improve productivity and flexibility in processes. Retail automation market for single item stores to witness highest CAGR in near future The single item stores are individual-category stores for the goods such as apparels and consumer electronics, as well as quick-service restaurants and automobiles.

  4. Such stores often face problems such as the loss of inventory as the seasonal products lose their value quickly. To overcome such problems, the retailers can introduce electronic shelves labeling (ESL), which is an important technology that allows the retailers to change the prices rapidly, maintain the inventory, reduce the losses, and, simultaneously, saves the efforts of the employees. North America held largest share of retail automation market in 2016 North America was the leading market, in terms of size, for retail automation in 2016. The market in North America is driven by the factors such as the increasing demand for sophisticated and efficient retail services, need for time reduction and increased accuracy, and high living standards. These factors are also accelerating the growth of retail automation market in North America region. The presence of major players such as First Data Corporation (US), NCR Corporation (US), and Toshiba Global Commerce Solutions Inc. (US) are also responsible for the dynamic growth of the retail automation market in North America.

  5. Browse >> 63marketdata tables 48figures 179 Pages and in-depth TOC on “Retail Automation Market - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at Single user : US $5650 Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. Key players - The Retail Automation Market is dominated by • Datalogic S.p.A (Italy) • First Data Corporation (US) • NCR Corporation (US) • Fujitsu Limited (Japan) • Toshiba Global Commerce Solutions Inc. (US) • and Mobility (US), KUKA AG (Germany) • Wincor Nixdorf AG (Germany) • Zebra Technologies Corporation (US) • PricerAB (Sweden) • PosiflexTechnology, Inc. (Taiwan) • E&K Automation GmbH (Germany). • Honeywell Scanning For More Information: - https://www.marketsandmarkets.com/Market-Reports/retail-automation-market-1247.html?utm_source=PPT&utm_campaign=mahesh

  7. Contact: Mr. Shelly Singh MarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.com

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