Authored By: Sarah
22 Feb 2023

Retail Automation Market Size to Grow by USD 11,407.8 Million at a CAGR of 11.23% Between 2022 and 2027

The retail automation market is segmented by type (point-of-sale, barcode, RFID, camera, and others), end-user (supermarkets, hypermarkets, single item stores, fuel stations, and retail pharmacies), and geography (APAC, North America, Europe, Middle East and Africa, and South America).  The emergence of big data management is the major retail automation market trend that will positively influence the market value. 

Retail Automation Market Outlook 2027 

  • The retail automation market share will value over USD 11,407.8 million by 2027 

  • It is estimated to expand at a CAGR of 11.23% from 2022 to 2027 

  • The retail automation market size will witness a YOY growth rate of 9.09% in 2023 

Browse Technavio's 179-page report and in-depth TOC on "Retail Automation Market by type (point-of-sale, barcode, and RFID, camera, and others), end-user (supermarkets, hypermarkets, single item stores, fuel stations, and retail pharmacies), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

View detailed Table of Contents Here: https://www.technavio.com/report/retail-automation-market-industry-analysis

Retail Automation Market Size to Grow by USD 11,407.8 Million at a CAGR of 11.23% Between 2022 and 2027

Emergence of Big Data Management will Fuel the Market Growth  

The emergence of big data management is one of the key retail automation market trends supporting market growth. The increase in cloud-based solutions will help in integrating more back-end software in the cloud for the smooth functioning of the work. There are certain opportunities that may enhance the business experience for merchants who integrate POS in the sector such as engaging with customers throughout their visiting hours and many more.

High Adoption of Contactless Payment Solutions to Drive Market Growth 

The high adoption of contactless payment solutions is one of the key drivers fueling the retail automation market growth. The growing need for faster checkouts at retail outlets, high adoption of EMV cards, effective information management among retailers, and the increased focus on secure payments are factors that drive the growth of the market during the forecast period. 

Retail Automation Market Vendors 

Some of the major retail automation market vendors are: 

  • Datalogic Spa
  • Diebold Nixdorf Inc.
  • ek robotics GmbH
  • Fiserv Inc.
  • Fujitsu Ltd.
  • Grey Orange Pte. Ltd.
  • Honeywell International Inc.
  • iFuture Robotics
  • Infoplus Commerce
  • MIDEA Group
  • Napse
  • NCR Corp.
  • Posiflex Technology Inc.
  • Pricer AB
  • Sea Point China Ltd.
  • Simbe Robotics Inc.

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • Privacy and security concerns are the major hindrances for market players 

  • The retail automation market structure is fragmented in nature. 

  • 33% of retail automation market growth will develop from APAC. 

  • The market growth by the point-of-sale will be significant during 2023-2027.

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