(PRWEB) May 12, 2014
The report, “Retail Automation Market by POS Products (Kiosk, SCO, Cash Register, Receipt Printer, Currency Counter, Weight Scale, Barcode Reader), Supply Chain Products (Belt Conveyor, Scissor Lift, Electronic Shelf Label) & Geography (2013 - 2018)”, the market is expected to grow at a CAGR of 13.09% from 2013 to 2018 and reach $973.67 billion in 2018.
Browse 132 market data tables and 54 figures spread through 309 pages and in-depth TOC on "Retail Automation Market."
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Retail automation is an emerging market, which includes two different types of markets; namely retail point of sale automation and retail supply chain automation. Retail automation market is completely dependent on the retail industry growth. In future, retail automation is expected to control the growth of retail market because of its high quality service offerings.
The overall retail automation market is segmented into three major segments; namely retail point of sale automation, retail supply chain automation and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report. The global retail automation market is expected to reach up to $973.67 billion by 2018, at an estimated CAGR of 13.09% from 2013 to 2018.
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The two major driving factors for the retail automation market are: the growth of the retail market and the customers’ need for sophisticated services. In the report, different products are discussed; such as kiosk, self-checkout system, cash register, barcode reader, receipt/bill printer, currency counter, weight scale, card reader, PIN pad, contactless card reader, belt conveyor, scissor lift, and electric shelf label.
Retail Automation is a growing market. Various innovations are taking place to develop the retail automation market; such as touch screen kiosk, to use of tablets and smart phones at the POS (point of sale). Various big corporate entities like Google (U.S.), and Apple (U.S.), are interested in manufacturing automated products.
Retail automation market depends on the economic condition of a country. GDP is the economic factor, which has a great impact on the growth of automation. This indicator affects the customer/consumer buying behavior. Automation is beneficial for inventory control of a retail store; irrespective of whether it’s a departmental store, hypermarket, or a shopping mall. It improves the inventory visibility and accuracy in inventory management. Use of automation helps to improve customer as well as retailers’ satisfaction by reducing the cost of operation.
Retail automation market includes many products such as cash register, card reader, barcode reader, and self-service machines. The continuous growth of self service products such as kiosk, and self-checkout system is driving the overall retail automation market. Products such as belt conveyors, scissor lift, and electronic shelf label are responsible for the betterment of retail supply chain process.
Geographical split for the retail automation market is included in the report. It presents the market share of different geographies of the retail automation market. This report divides the overall market on the basis of the four major geographical segments, namely Americas, Europe, APAC, and ROW. Americas is the market leader in the overall retail automation market, followed by Europe and APAC. At present, ROW is very small; but it is expected to show a good growth in the coming years.
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