The lucrative growth rate of the retail market in future is the major factor driving the Retail Automation market. Retail Automation has not only made the shopping experience easy and convenient for shoppers but has also enhanced their expectation for better quality of service. The stationary/fixed point of sale (POS) terminal is expected to have a higher market size as compared to the mobile/portable POS terminal and contactless POS terminal, in the physical electronic POS terminal category. The major reason behind its market size is due to the low adoption rate of mobile and contactless POS terminal among retailers. . The food/non-food industry holds the highest market share in Americas Retail Automation market, due to the rise in the income level of shoppers, and the convenience provided by retail automated products to the shoppers, during shopping. However, Europe is estimated to grow at the highest growth rate between 2014 and 2020.
The global Retail Automation market is expected to reach $275.43billion by 2020,at a CAGR of 16.7% between 2014 and 2020.
The global Retail Automation market has been segmented into three categories that include: products type, industry vertical, and geography. The product segment includes physical electronic point of sale (POS) terminal and unattended terminal. The industry segment includes food/non-food, oil & gas, transportation & logistics, health & personal care, and hospitality,among others.The Retail Automation market has also been segmented based on geography. The market by geography has been classified into various economic regions such as Americas, Europe, APAC, and ROW, out of which the Americas hold the largest share.
The prominent players that offer various products in the Retail Automation market are NCR Corp. (U.S.), Wincor Nixdorf AG (Germany), Data logic S.p.A (Italy), Fujitsu Ltd. (Japan), and Zebra Technologies Corp. (U.S.), First Data Corp. (U.S.), Honeywell Scanning & Mobility (U.S.), Posiflex Technology Inc. (Taiwan), Pricer (Sweden), and Toshiba Global Commerce Solutions Inc. (Japan).