Smart retail comprises the set of technological solutions that facilitate the retailers to transform a traditional physical outlet into an interactive point of sale. These solutions primarily aim to support the retailers to meet the new requirements of buyers brought about by the digital revolution and, also offer the essential tools to allow them to increase their sales, obtain exhaustive knowledge of their business and customers, and expand their operating processes.
Some of the factors such as the growing acceptance of multichannel retailing approaches such as omnichannel retailing, growing adoption of smartphones, and the decline in the cost of electronic components are propelling the growth of the smart retail market. Moreover, the increase in investment in the retail industry and the growing number of connected consumers are further expected to offer significant opportunities for the smart retail market to grow. However, data security and privacy of IoT devices and connectivity are the significant challenges that are expected to hamper the growth of the smart retail market.
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The Smart Retail Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Leading Smart Retail Market Players:
1. Amazon.com, Inc.
2. Cisco Systems, Inc.
3. Google LLC
4. IBM Corporation
5. Intel Corporation
6. Microsoft Corporation
7. Nvidia Corporation
8. NXP Semiconductors N.V.
9. PTC Inc.
10. Samsung Electronics Co., Ltd.
Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.
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Smart Retail Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
Reason to Buy:
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Smart Retail Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Smart Retail Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Contact: Sameer Joshi