Smart Retail

World Market Report

MCP14841

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DATE

JAN 2023

TABLES

66

PAGES

476

EDITION

7

PRICE

USD 4950

CODE

MCP14841


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HIGHLIGHTS & REPORT INDEX

What`s New for 2023?

» Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Smart Retail Market to Reach $69.8 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Smart Retail estimated at US$17.7 Billion in the year 2020, is projected to reach a revised size of US$69.8 Billion by 2027, growing at aCAGR of 21.7% over the period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record 19.9% CAGR and reach US$40.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 24.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 23.5% CAGR
The Smart Retail market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.3 Billion by the year 2027 trailing a CAGR of 23.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 22.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 20.6% CAGR.

SELECT PLAYERS

Amazon.com, Inc.; Cisco Systems, Inc.; Google LLC; Honeywell International Inc.; IBM; Intel Corporation; Microsoft Corporation; NVIDIA Corporation; NXP Semiconductors N.V.; PAX Global Technology Limited; PTC, Inc.; Samsung Electronics Co., Ltd.; SoftBank Robotics Holdings Corp.; Texas Instruments, Inc.

SEGMENTS

» Component (Hardware, Software) » Application (Visual Marketing, Intelligent System, Smart Payment System, Smart Label, Other Applications)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
An Introduction to Smart Retail
Smart Retail: Current Market Scenario and Outlook
Smart Payment Technologies Bode Significant Potential for Smart Retail Model
AI-Enabled Intelligent Systems Make Their Way Into Smart Retail Domain
Smart Labels Gain Traction in the Retail Sector
Visual Marketing: A Viable Tool for Smart Retailing
Robotics & Analytics Seek Role in Smart Retail Ecosystem
While Developed Regions Remain Major Revenue Contributors, Developing Regions Exhibit Fast Paced Growth
EXHIBIT: World Smart Retail Market (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT: World Smart Retail Market - Geographic Regions Ranked by CAGR (Revenues) for 2018-2025: USA, China, Canada, Europe, Asia-Pacific, Japan, and Rest of World
COMPETITIVE LANDSCAPE
Leading Players in the Smart Retail Market
RECENT MARKET ACTIVITY
Smart Retail – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Amazon.com, Inc. (USA)
Cisco Systems, Inc. (USA)
Google LLC (USA)
Honeywell International Inc. (USA)
IBM (USA)
Intel Corporation (USA)
Microsoft Corporation (USA)
NVIDIA Corporation (USA)
NXP Semiconductors N.V. (The Netherlands)
PAX Global Technology Limited (Hong Kong)
PTC, Inc. (USA)
Samsung Electronics Co., Ltd. (South Korea)
SoftBank Robotics Holdings Corp. (Japan)
Texas Instruments, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Emergence of New Consumer and Changing Face of Retail Industry Create Fertile Environment for Smart Retail Technologies
A Note of New Smart Technologies & Concepts Proliferating the Retail Environment
Increasing Adoption of Smartphones Instigates Robust Momentum
EXHIBIT: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
Current Scenario in mCommerce Vertical Strongly Favors Smart Retail Model
EXHIBIT: Global Retail MCommerce Market: Sales in $ Trillion for the Years 2017, 2019, 2021 and 2023
Rising Trend of Improving Customer Retail Experience Broadens Addressable Market for Smart Retail Solutions
Widening Scope & Span of IoT in Retail Sphere Bolsters Market Prospects
Integration of Smart Retail with Industry 4.0 to Trigger Broad-based Opportunities
Rise of Connected Retail Creates Conducive Scenario
Growing Relevancy of Omni-Channel Commerce Augurs Well
EXHIBIT: World Omni-Channel Commerce Platform Market (in US$ Million) for Years 2018 through 2025
Lenience Towards Blockchain for Retail Enthuses Smart Retail Market
Improvements in Location & Voice Technologies Augur Well
Prevailing Socio-Economic & Demographic Trends Favor Robust Growth
Stable Economy
EXHIBIT: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
Urban Sprawl
EXHIBIT: World Urban Population in Thousands: 1950-2050
EXHIBIT: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
Growing Affluence of Expanding Middle Class Population
EXHIBIT: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
EXHIBIT: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
Rising Living Standards & Changing Lifestyle Trends
Cyber Security, Data Transparency & Privacy: Key Issues
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Smart Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smart Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Visual Marketing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Visual Marketing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Intelligent System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Intelligent System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Smart Payment System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smart Payment System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Smart Label by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smart Label by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
The United States: Major Market for Smart Retail Technologies
Rising Importance of Smart Beacons, Cognitive Computing, & Cardless/Cashless Checkouts Augurs Well
AI-Powered Retail Systems Make a Cut
Smart Label Tracking Technology Gains Traction
USA Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
JAPAN
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
CHINA
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
Robust Growth Prospects in China
China Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
EUROPE
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Sustained Opportunities for Smart Retail Technologies in Europe
Focus on Establishing Long-Term Relationships Favors Market Prospects
IoT Steps In to Reinforce Smart Retail
Multi-Channel & Omnichannel Strategies Favor Smart Retail Adoption
Europe Recent Past, Current & Future Analysis for Smart Retail by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Retail by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
FRANCE
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
GERMANY
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
UNITED KINGDOM
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
ASIA-PACIFIC
Smart Retail Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Emerges as a Lucrative Market
Asia-Pacific Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Smart Retail by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Smart Retail by Application - Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Smart Retail by Application - Percentage Breakdown of Value Sales for Visual Marketing, Intelligent System, Smart Payment System, Smart Label and Other Applications for the Years 2021 & 2027

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