Smart Retail

Global Market Trajectory & Analytics

MCP14841

EXECUTIVE ENGAGEMENTS

OUTREACH

4539
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

817
Interactions with Platform & by Email

PARTICIPANTS

136
Unique # Participated

VALIDATIONS

61
Responses Validated*

COMPETITORS

61
Responses Validated*
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DATE

APR 2021

TABLES

66

PAGES

476

EDITION

6

PRICE

USD $4950


  

HIGHLIGHTS

The global market for Smart Retail is projected to reach US$48. 1 billion by 2025, driven by the growing role of data, digital technologies and internet platforms in improving decision making and making businesses simply smart. These technologies include block chain, mobile/5G, Internet of Things, big data & analytics, advanced logistics with built-in RFID tags & GPS, iBeacons & smart inventory management. Smart technologies are the way forward for the retailers to capitalize on the emerging US$32. 7 trillion global retail market opportunity. Benefits of smart technologies include faster information delivery, personalization of shopping experience, socialization while shopping, better supply chain management, among others. In the U. S alone, investments in IoT in the domestic retail industry will jump to over US$13. 1 billion by 2026 from the US$5. 2 billion estimated in the year 2019. Smart Retail ecosystem, comprising visual marketing technologies, smart labels, smart payment systems, and intelligent systems, strives to empower brick-and-mortar retailers to attract more number of consumers into the store, improve customer retention, and effectively compete with online retailers and focus on recapturing lost market share. By incorporating smart retail technology, physical retailers can seamlessly attract, engage, and convert prospective visitors into shoppers. Smart retail technology enables physical retailers to display pop-ups and targeted promotional messages on in-store screens specific to preferences of shoppers and visitors, while creating awareness and enhancing in-store engagement. Implementation of end-to-end Smart Retail solution typically aids retailers to gain from quality, output sustainability, and overall efficiency benefits. Smart retail platform will typically have its impact on supply chain adaptation, workforce skill alteration, and IT security, among others.

Smart retail leads to a decentralized, transparent and optimized sales process for retailers and the supply chain. Some of the primary tangible benefits of the concept include better quality, enhanced efficiency and sustainable output. The ability of smart retail to timely identify and address potential issues results in superior output quality in comparison to the output for traditional approaches. One of the major benefits of smart retail is self-adaptation along with its positive impact on efficiency. Smart retail leverages real-time data for analyzing and self-correcting to support adaptation and sales while improving the output in an efficient manner. Traditional sale and retail often face various disruptions caused by a number of labor, accidental and environmental factors. On the other hand, smart retail`s self-correction and adaptability eliminate the chances of human error. In addition, the automation leads to higher level of safety and enhanced output sustainability. These advantages are driving various retailers including leading restaurant chains and other outlets to embrace the concept of smart retail. Various supermarket chains are using smart retail for rewarding customers with discounts on the basis of their shopping habits. These chains use dedicated smart phone apps to track shopper`s purchases with their registered mobile phone numbers. Retailers present customized deals and offers on the app for attracting shoppers back to supermarkets. In addition to improving consumer experience, smart retail is used to track shopping patterns and inventory for efficient item, display and shelf placement for individual stores. Moreover, the availability of comprehensive data related to each store allows these retail chains to boost profitability for every store.

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
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 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$ Billion 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 2020 & 2027
World 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$ Billion 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 2020 & 2027
World 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$ Billion 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 2020 & 2027
World 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$ Billion 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 2020 & 2027
World 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$ Billion 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 2020 & 2027
World 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$ Billion 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 2020 & 2027
World 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$ Billion 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 2020 & 2027
World 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$ Billion 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 2020 & 2027
UNITED STATES
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 Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
USA 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$ Billion 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 2020 & 2027
CANADA
Canada Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Canada 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$ Billion 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 2020 & 2027
JAPAN
Japan Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Japan 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$ Billion 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 2020 & 2027
CHINA
Robust Growth Prospects in China
China Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
China 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$ Billion 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 2020 & 2027
EUROPE
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 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$ Billion 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 2020 & 2027
Europe Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Europe 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$ Billion 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 2020 & 2027
FRANCE
France Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
France 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$ Billion 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 2020 & 2027
GERMANY
Germany Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Germany 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$ Billion 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 2020 & 2027
ITALY
Italy Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Italy 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$ Billion 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 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
UK 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$ Billion 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 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Rest of Europe 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$ Billion 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 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Emerges as a Lucrative Market
Asia-Pacific Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Asia-Pacific 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$ Billion 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 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Smart Retail by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Billion 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 2020 & 2027
Rest of World 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$ Billion 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 2020 & 2027
Total Companies Profiled: 61

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