Global Smart Retail Devices Market 2021|Global Industry Size, Statistics, Share, Growth Rate, Emerging Trends, Regional Analysis by Key Players | Research Report Forecast to 2030

In a recently published report, Global Smart Retail Devices Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Smart Retail Devices Market products.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10346890

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Smart Retail Devices Market is valued approximately at USD 17.43 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 17.2% over the forecast period 2020-2027. Smart Retail Devices are used in making e-commerce business smarter by using Internet-of-Things (IoT). Smart devices enable the producers or retail owners to manage inventory conveniently by tracking goods at the production level and deliver them at the customer’s doors. Also, it includes advanced logistics which prevents stock theft and protect the goods and related information by storing information in the cloud. Smart devices enhance the consumer engagement by providing connected retail services and better shopping experience.

Growing investment in robotics and connectivity in retail industry, rising adoption of artificial intelligence & IoT in retail industry has led the adoption of Smart Retail Devices across the forecast period. For Instance: according to the whitehouse.gov, in 2019, U.S. President Donald J. Trump launched the American AI Initiative to promote leadership in artificial intelligence as the nation’s strategy for future economy security. As per the company source, in 2018, H&M, a fashion brand launched Interactive Voice Mirror at their retail store in Manhattan, also called a smart mirror which attracts customers to provide them with personalized matching clothes & other accessories. However, high manufacturing costs, increased maintenance costs of advanced high-end computing systems and lack of privacy laws in less developed countries, impedes the growth of the market over the forecast period of 2020-2027. Also, Opportunity with the rising demand for artificial intelligence by the customers due to the convenience & feasibility it provides, the supportive government initiatives have been provided to the manufacturers, hence the adoption & demand for Smart Retail Devices is likely to increase.

The regional analysis of global Smart Retail Devices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the huge presence of smart retail solution providers and adoption of IoT & artificial intelligence in their daily lifestyles. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising urban population is making people to move towards automation-based solution and services and the continuous infrastructure development would create lucrative growth prospects for the Smart Retail Devices Market across Asia-Pacific region.

Major market player included in this report are:
International Business Machines
Intel
Cisco
NXP semiconductors
Microsoft
NVIDIA corporation
Samsung Electronics
Texas Instrument
Softbank Robotics
PAX global technology

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Digital Signage
Smart Labels
Smart Payments
Others

By Application:
Smart Transportation
Predictive Equipment Maintenance
Inventory Management
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart Retail Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10346890

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

Global MRO Software Market
Global Enterprise Video Market
Global Simulation Software Market
Global Music Streaming Market
Global Online Gambling Market

Leave a Reply

Your email address will not be published. Required fields are marked *