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PUBLISHER: Grand View Research | PRODUCT CODE: 1301183
PUBLISHER: Grand View Research | PRODUCT CODE: 1301183
Smart Retail Market Size, Share & Trends Analysis Report By Solution (Hardware, Software), By Application (Visual Marketing, Smart Label, Smart Payment System, Intelligent System), By Region, And Segment Forecasts, 2023 - 2030
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Smart Retail Market Growth & Trends
The global smart retail market size is expected to reach USD 227.29 billion by 2030 and grow at a CAGR of 29.1% from 2023 to 2030, according to the recent reports of Grand View Research, Inc.The growth is attributed to the increasing adoption of the latest technologies, such as Virtual Reality (VR), Augmented Reality (AR), Artificial Intelligence (AI), and the Internet of Things (IoT), to enhance the in-store shopping experience, increasing investments in the retail industry, and growing preference for cashless transactions. Moreover, retailers are increasingly adopting analytical solutions to ensure a competitive edge over their competitors by improving business operations and better understanding their customers. The growing adoption of analytics, which can potentially augment profitability across physical and online stores, is anticipated to drive the growth of the market over the forecast period. The potential use of robots for in-store customer service is also expected to contribute to the market's growth.
The COVID-19 outbreak has significantly affected conventional retail, travel, and manufacturing businesses. However, it has opened new opportunities for healthcare, food delivery, e-commerce, smart retail, and online gaming. On the other hand, the supply chains are in jeopardy and product shortages are becoming evident due to the lockdowns imposed in various parts of the world. As consumers begin to lose trust, companies are finding new ways to cater to the changing customer expectations. Demand for smart retail is experiencing growth owing to lockdowns and social distancing rules by government bodies. Businesses that were earlier using offline retailing are now turning to digital operations. Though the majority of business sectors globally have experienced the negative effects of the pandemic; technologies such as smart retail can bring businesses back on track as it provides better safety and easy purchase for consumers.
The retail industry in North America and Europe is mature and highly competitive while Asia Pacific, Latin America, and the Middle East and Africa have been particularly decisive in driving the growth of the market. Economic growth and growing investments by retailers and international brands have changed the overall retail landscape. The rising customer spending, which accounts for more than two-thirds of the GDP, is especially encouraging for retailers. Additionally, the growing penetration rate of disruptive technologies, such as IoT, AI, VR, and AR, is also playing a niche role in reshaping the retail industry.
Smart Retail Market Report Highlights
- The software segment is anticipated to observe a CAGR of 30.7% during the forecast period. The market for this category is anticipated to develop with the growing adoption of software solutions among supermarkets, convenience stores, hypermarkets, and warehouse stores
- The smart payment system segment is anticipated to observe a CAGR of 30.1% during the forecast period. The growing adoption of digital payments and preference among consumers for real-time payment systems is anticipated to boost the demand for the market
- Asia Pacific region is expected to grow with the fastest CAGR of 30.7% from 2023 to 2030, owing to the growing digitalization in emerging economies such as India and Australia. The region is also home to many retailers increasingly adopting digital payment solutions to enhance their customer services
Product Code: GVR-2-68038-588-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology Segmentation & Scope
- 1.2. Information procurement
- 1.2.1. Purchased database
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third-party perspectives
- 1.2.4. Primary research
- 1.3. Information analysis
- 1.3.1. Data analysis models
- 1.4. Market formulation & data visualization
- 1.5. Data validation & publishing
Chapter 2. Executive Summary
- 2.1. Smart Retail Market - Market Snapshot, 2018 - 2030
- 2.2. Smart Retail Market - Solution Snapshot, 2018 - 2030
- 2.3. Smart Retail Market - Application Snapshot, 2018 - 2030
- 2.4. Smart Retail Market - Competitive Snapshot
Chapter 3. Smart Retail Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Business Environment Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. PEST Analysis
- 3.5. COVID-19 Impact Analysis
Chapter 4. Smart Retail Market Solution Outlook
- 4.1. Smart Retail Market Share by Solution, 2022 & 2030 (USD Billion)
- 4.2. Hardware
- 4.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Software
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 5. Smart Retail Market Application Outlook
- 5.1. Smart Retail Market Share by Application, 2022 & 2030 (USD Billion)
- 5.2. Visual Marketing
- 5.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Smart Label
- 5.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Smart Payment System
- 5.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Intelligent System
- 5.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.6. Others (Robotics, analytics)
- 5.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Smart Retail Market: Regional Outlook
- 6.1. Smart Retail Market Share by Region, 2022 & 2030 (USD Billion)
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.2.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.2.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.2.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.2.4.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.2.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.2.5.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.3.4. UK
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.4.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.3.5. Germany
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.5.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.6.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.7.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.3.8. Spain
- 6.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.3.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.3.8.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.4.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.5.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.6.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.4.7. Australia
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.7.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.4.8. South Korea
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.4.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.4.8.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.5. Latin America
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.4.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.5.5. Mexico
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.5.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.5.6. Argentina
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.5.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.5.6.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.6.4. UAE
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.4.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.6.5. Saudi Arabia
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.5.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
- 6.6.6. South Africa
- 6.6.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 6.6.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 6.6.6.3. Market estimates and forecast by application, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization (Mature Players, Emerging Players)
- 7.2. Company Ranking/Share Analysis, 2022
- 7.3. Strategy Mapping
- 7.4. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
- 7.4.1. Amazon.com, Inc.
- 7.4.2. Cisco Systems, Inc.
- 7.4.3. Google LLC
- 7.4.4. Honeywell International Inc.
- 7.4.5. Huawei Technologies Co., Ltd.
- 7.4.6. IBM Corporation
- 7.4.7. Ingenico, Fiserv, Inc.
- 7.4.8. Intel Corporation
- 7.4.9. LG Display Co., Ltd.
- 7.4.10. NCR Corporation
- 7.4.11. NVIDIA Corporation
- 7.4.12. NXP Semiconductors
- 7.4.13. PAX Global Technology Limited
- 7.4.14. Samsung Electronics
- 7.4.15. Verifone Systems
Product Code: GVR-2-68038-588-5
List of Tables
- Table 1 List of Abbreviation
- Table 2 Global Smart Retail market, 2018 - 2030 (USD Billion)
- Table 3 Global Smart Retail market, by region, 2018 - 2030 (USD Billion)
- Table 4 Global Smart Retail market, by solution, 2018 - 2030 (USD Billion)
- Table 5 Global Smart Retail market, by application, 2018 - 2030 (USD Billion)
- Table 6 North America Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 7 North America Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 8 U.S. Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 9 U.S. Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 10 Canada Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 11 Canada Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 12 Europe Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 13 Europe Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 14 UK Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 15 UK Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 16 Germany Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 17 Germany Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 18 France Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 19 France Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 20 Italy Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 21 Italy Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 22 Spain Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 23 Spain Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 24 Asia Pacific Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 25 Asia Pacific Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 26 China Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 27 China Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 28 India Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 29 India Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 30 Japan Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 31 Japan Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 32 South Korea Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 33 South Korea Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 34 Australia Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 35 Australia Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 36 Latin America Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 37 Latin America Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 38 Brazil Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 39 Brazil Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 40 Mexico Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 41 Mexico Smart Retail market, by service, 2018 - 2030 (USD Billion)
- Table 42 Mexico Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 43 Argentina Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 44 Argentina Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 45 Middle East & Africa Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 46 Middle East & Africa Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 47 UAE Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 48 UAE Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 49 Saudi Arabia Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 50 Saudi Arabia Smart Retail market, by application 2018 - 2030 (USD Billion)
- Table 51 South Africa Smart Retail market, by solution 2018 - 2030 (USD Billion)
- Table 52 South Africa Smart Retail market, by application 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 Smart Retail market segmentation
- Fig. 2 Methodology
- Fig. 3 Primary Research Pattern
- Fig. 4 Information analysis
- Fig. 5 Data Analysis Model
- Fig. 6 Data Validation & Publishing
- Fig. 7 Smart Retail: Market Snapshot
- Fig. 8 Smart Retail: Segment Snapshot
- Fig. 9 Smart Retail: Competitive Landscape Snapshot
- Fig. 10 Smart Retail Market Lineage Outlook
- Fig. 11 Smart Retail market: Value chain analysis
- Fig. 12 Market driver analysis
- Fig. 13 Market restraint analysis
- Fig. 14 Market opportunity analysis
- Fig. 15 Smart Retail market: Porter's five forces analysis
- Fig. 16 Smart Retail market: PEST analysis
- Fig. 17 Smart Retail market analysis: Solution segment analysis
- Fig. 18 Smart Retail market analysis: Application segment analysis
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