REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 105.27 billion by 2029 | 20.36% | North America |
By Solution Outlook | By Retail Offering | By Application | By End User | By Region |
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SCOPE OF THE REPORT
Smart Retail Market Overview
The global smart retail market size was valued at USD 19.86 billion in 2022, and projected to reach USD 105.27 billion by 2029, with a CAGR of 20.36% from 2023 to 2029.
Smart retail is the fusion of traditional shopping methods and modern “smart” technologies. Data is collected via the Internet of Things via communication between implanted devices and computers. As a result, customers may have a more personalized, faster, and intelligent experience. This can take the form of customized coupons and carefully curated inventories. In practice, the most valuable asset of smart retail is its involvement with artificial intelligence (AI).
Smart retail’s greatest strength is self-adaptation and its impact on efficiency. When fully operational, efficient algorithms will analyze and self-correct in order to make the sales and adaptation process, as well as its output, as efficient as possible.
Given smart retail’s ability to detect and resolve potential issues before they become properly troublesome, the end result is never jeopardized. As a result, the quality of any given smart retailer’s output will tend to be higher than that of any non-smart means, which can sometimes produce inadequate results.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion) |
Segmentation | By Solutions Outlook, By Retail Offering, By Application By End User, By Region. |
By Solutions Outlook
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By Retail Offering
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By Application
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By End User
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By Region
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One of the significant trends driving market growth is the increasing use of technologies such as Artificial Intelligence (AI), Virtual Reality (VR), Augmented Reality (AR), and the Internet of Things (IoT) to improve consumers’ shopping experiences, facilitate accurate inventory management, and improve store operations. The concept is based on consumer behavior research, which shows that people are more likely to look at items that have been recommended based on data provided to the company. AR is transforming the retail industry in particular by allowing brands to interact with customers via their mobile devices. The use of augmented reality in marketing helps to build consumer relationships, improve the customer experience, and ultimately drive sales.
The increasing possibility of cyberattacks is a major factor that is expected to cause a decrease in market revenue growth to some extent. Successful cyberattacks have the potential to bankrupt businesses, resulting in significant legal penalties, reputational harm, and financial strain. Attacks on stores have already resulted in hundreds of millions of dollars in financial losses.
The growing preference for cashless transactions is a major factor driving market revenue growth. Cashless transactions are faster to complete because they do not require human counting. Employees who are exhausted at the end of the day or who are juggling multiple tasks are more likely to make errors when validating the amount of money in the till. As a result, the store’s records may become inaccurate. Furthermore, cashless retail outlets protect employees from the risks associated with handling money. Robbers may avoid stores that do not keep cash or only handle cash transactions infrequently.
Smart Retail Market Segment Analysis
The market is divided into two categories: hardware and software. In 2021, the hardware segment dominated the market, accounting for more than 67% of global revenue. The increasing deployment of Augmented Reality (AR) and Virtual Reality (VR) devices, point of sale (POS) systems, Bluetooth beacons, and Radio-frequency identification (RFID) systems to provide customers with a seamless in-store shopping experience is fueling the segment’s growth. Over the forecast period, the software segment is expected to grow at the fastest CAGR of 28.5%. One of the key factors driving the segment’s growth is the increased use of analytics software by retailers around the world to better understand specific end-user needs and behavior in order to improve customer engagement and the shopping experience.
The global market is divided into applications such as visual marketing, smart labelling, smart payment systems, robotics, and others. In 2021, the robotics segment generated the most market revenue. In a variety of areas, including logistics and supply chains, back-office operations, shop operations, merchandising, sales and marketing, and customer-facing experiences, robotics can generate innovation and help increase top and bottom-line results. Retailers can save a significant amount of money by utilizing logistics and supply chain robots to avoid stock-out shortages and losses, as well as shrinkage due to administrative errors. It also enables retailers to reallocate salespeople to functions that will increase sales.
The smart retail market is divided into supermarkets, hypermarkets, specialty stores, department stores, and others based on end user. The hypermarkets segment is expected to account for the majority of the global smart retail market by 2023. The growing adoption of smart devices such as beacons, sensors, and interactive kiosks to ensure compliance, mitigate risks, reduce costs, and increase revenue is attributed to this segment’s large market share. The department store segment, on the other hand, is expected to grow at the fastest rate during the forecast period.
Smart Retail Market Players
The global market is fragmented in nature with the presence of various key players such IBM, Intel Corporation, Cisco Systems Inc., Microsoft, Huawei Investment & Holding Co. Ltd, Samsung Electronics, Google Inc., Trigo, Standard Cognition Walmart Inc., Alibaba Group Holding Limited, Amazon.com Inc., Smartcart. along with medium and small-scale regional players operating in different parts of the world. Major companies in the market compete in terms of application development capability, product launches, and development of new technologies for product formulation.
February 21, 2023 – Singtel has launched Singapore’s first 5G-enabled smart retail showcase to assist businesses in adopting digital solutions to meet the ever-changing retail consumer demands. The showcase, which is designed to look like a real store, will feature technology solutions from Apple’s enterprise partners that can help retailers improve operational efficiencies, enhance retail workflows, and create a great customer experience, which retailers can explore.
January 2023 – EY announced the launch of a retail solution based on the Microsoft Cloud to aid in the creation of seamless consumer shopping experiences. The EY organisation unveiled a new EY Retail Intelligence solution, which primarily makes use of the Microsoft Cloud and Cloud for Retail to provide consumers with a direct and seamless shopping experience.
Who Should Buy? Or Key Stakeholders
- Government and Research Organization
- Investors
- Trade Associations
- Bar Code Printers
- End User Companies
Smart Retail Market Regional Analysis
Geographically, the smart retail market is segmented into North America, South America, Europe, APAC and MEA.
- North America: includes the US, Canada, Mexico
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In terms of revenue, North America will have the largest share of approximately 39% of the global market in 2021. The smart retail industry is growing because there is a growing demand for high-quality and expensive products across the region, and consumer tastes are changing towards products that are easier to use and better made. Furthermore, the presence of so many department stores, hypermarkets or supermarkets, and other types of retail stores implies the presence of more retrieval systems, POS solutions, automatic storage, and self-checkout systems. North America is one of the first markets to adopt new solutions, so these factors help the market there grow.
In the near future, Asia Pacific is expected to have the highest CAGR in the global market. China and Japan are propelling the regional smart retail market forward by implementing more smart retail solutions such as shopping guide robots, big data analytics, reception robots, and smart dressing mirrors.
Key Market Segments: Â Smart Retail Market
Smart Retail Market By Solution Outlook, 2020-2029, (USD Billion)
- Hardware
- Software
Smart Retail Market By Retail Offering, 2020-2029, (USD Billion)
- Apparel And Accessories
- Fast-Moving Consumer Goods
- Hardlines And Leisure Goods
- Others
Smart Retail Market By Application, 2020-2029, (USD Billion)
- Visual Marketing
- Smart Label
- Smart Payment System
- Robotics
- Others
Smart Retail Market By End User, 2020-2029, (USD Billion)
- Supermarkets
- Hypermarkets
- Specialty Stores
- Department Stores
- Other End Users
Smart Retail Market By Region 2020-2029, (USD Billion)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the smart retail market over the next 7 years?
- Who are the major players in the smart retail market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the smart retail market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the smart retail market?
- What is the current and forecasted size and growth rate of the global smart retail market?
- What are the key drivers of growth in the smart retail market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the smart retail market?
- What are the technological advancements and innovations in the smart retail market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the smart retail market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the smart retail market?
- What are the service offerings and specifications of leading players in the market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Smart Retail Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Smart Retail Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Smart Retail Market Outlook
- Global Smart Retail Market by Solution Outlook, 2020-2029, (USD BILLION)
- Hardware
- Software
- Global Smart Retail Market by Retail Offering, 2020-2029, (USD BILLION)
- Apparel and Accessories
- Fast-moving Consumer Goods
- Hardlines and Leisure Goods
- Others
- Global Smart Retail Market by Application, 2020-2029, (USD BILLION)
- Visual Marketing
- Smart Label
- Smart Payment System
- Robotics
- Others
- Global Smart Retail Market by End User, 2020-2029, (USD BILLION)
- Supermarkets
- Hypermarkets
- Specialty Stores
- Department Stores
- Other End Users
- Global Smart Retail Market by Region, 2020-2029, (USD BILLION)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
10.1 IBM
10.2 Intel Corporation
10.3 Cisco Systems Inc.
10.4 Microsoft
10.5 Huawei Investment & Holding Co. Ltd
10.6 Samsung Electronics
10.7 Google Inc.
10.8 Trigo
10.9 Standard Cognition Walmart Inc.
10.10 Alibaba Group Holding Limited
10.11 Amazon.com Inc.
10.12 Smartcart
*The Company List Is Indicative
LIST OF TABLES
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 3 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 5 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-Â Â Â Â Â Â Â Â Â Â Â Â 2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 8 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AMERICA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 9 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SMART RETAIL MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â US SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SMART RETAIL MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SMART RETAIL MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SMART RETAIL MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â GERMANY SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â UK SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â UK SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â UK SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â UK SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â UK SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â FRANCE SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â FRANCE SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â FRANCE SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â FRANCE SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â FRANCE SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â ITALY SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â ITALY SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â ITALY SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â ITALY SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â ITALY SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â SPAIN SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â SPAIN SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â SPAIN SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â SPAIN SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â SPAIN SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â RUSSIA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â RUSSIA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â RUSSIA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â RUSSIA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â RUSSIA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â UAE SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 137Â Â Â Â Â Â Â Â Â Â Â UAE SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 138Â Â Â Â Â Â Â Â Â Â Â UAE SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 139Â Â Â Â Â Â Â Â Â Â Â UAE SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 140Â Â Â Â Â Â Â Â Â Â Â UAE SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 141Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 142Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 143Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 144Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 145Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 146Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 147Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 148Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 149Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 150Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
TABLE 151Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
TABLE 152Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
TABLE 153Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 154Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
TABLE 155Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY END USER (USD BILLION) 2020-2029
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY REGION (USD BILLION) 2020-2029
FIGURE 13          PORTER’S FIVE FORCES MODEL
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY SOLUTION OUTLOOK (USD BILLION) 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY RETAIL OFFERING (USD BILLION) 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY APPLICATION (USD BILLION) 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY END USER (USD BILLION) 2021
FIGURE 18Â Â Â Â Â Â Â Â Â Â GLOBAL SMART RETAIL MARKET BY REGION (USD BILLION) 2021
FIGURE 19Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SMART RETAIL MARKETSNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â EUROPE SMART RETAIL MARKETSNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SMART RETAIL MARKETSNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC SMART RETAIL MARKETSNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA SMART RETAIL MARKETSNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 25Â Â Â Â Â Â Â Â Â Â IBM: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â INTEL CORPORATION: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â CISCO SYSTEMS INC.: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â MICROSOFT: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â HUAWEI INVESTMENT & HOLDING CO. LTD: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â SAMSUNG ELECTRONICS: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â GOOGLE INC.: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â TRIGO: COMPANY SNAPSHOT
FIGURE 33Â Â Â Â Â Â Â Â Â Â STANDARD COGNITION WALMART INC.: COMPANY SNAPSHOT
FIGURE 34Â Â Â Â Â Â Â Â Â Â ALIBABA GROUP HOLDING LIMITED: COMPANY SNAPSHOT
FIGURE 35Â Â Â Â Â Â Â Â Â Â AMAZON.COM INC.: COMPANY SNAPSHOT
FIGURE 36Â Â Â Â Â Â Â Â Â Â SMARTCART: COMPANY SNAPSHOT
FAQ
The Smart retail market is expected to reach USD 34.63 billion by the end of 2023.
The latest trend is to focus on technologies such as mobile, RFID, cloud, beacons, and others to provide connected retail services, thereby driving the smart retail market.
The global smart retail market size was valued at USD 19.86 billion in 2020, and projected to reach USD 105.27 billion by 2029, with a CAGR of 20.36% from 2021 to 2029.
The North America dominated the global industry in 2021 and accounted for the maximum share of more than 39% of the overall revenue.
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