The retail automation market to grow from USD 11.3 billion in 2018 to USD 23.5 billion by 2025 at a CAGR of 11.0% during the forecast period (2019–2025).

Retail automation offer several advantages, such as; low cost, accuracy, speed and high-quality performance for customers in the retail sector, which, in turn, help in the growth of the market. The implementation of automated technologies in retail industry is one of the major factor driving the market. The objective of the report is to define, describe, and forecast the market size based on type, implementation, Vertical, and Region.

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Retail Automation Market By type, camera segment to grow at the highest CAGR during the forecast period

The retail automation market for camera segment is expected to grow at the highest CAGR of 20.6% during the forecast period. The retail shops and malls are more prone to security risks, such as theft and inventory loss compared with other business properties. Investing in cameras as a retail solution offers several long-term advantages such as maximizing the store profits, decreasing the retail losses, reducing the thefts, and evaluating the employee tasks, as well as understanding the consumer buying behaviour.

Retail Automation Market By implementation, the in-store segment to record the highest CAGR during the forecast period

The number of physical stores is increasing gradually in developing regions. The developing regions are highly populated, where the majority of people prefer to buy daily items from stores due to easy accessibility. Thus, despite the evolution of e-commerce, there are visitors who still prefer going and buying products in-stores. The evolving technology in the retail industry would be influential in attracting more number of customers into physical stores. The benefits of automated technologies have led the retailers to implement them in the physical stores. Thus, all these factors contribute to the growth of retail automation market for in-stores in the coming years.

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Retail Automation Market in APAC to grow at the highest CAGR during forecast period

China, Japan, and India are some of the major countries driving the growth of the retail automation market in APAC. In addition to this, the expansion of large-scale retailers is responsible for the high growth rate in this region.

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Client’s Problem Statement

Client wished to analyze the retail automation market for growth trends, future prospects and contributions to the overall market. They wished to know the opportunities in the market for stakeholders by identifying high growth segments of the market and analyze value chain and adjacent segments for various stakeholders in the retail automation ecosystem. Client also wished to analyze current industry trends and market dynamics influencing the market growth.

MnM Approach

The client engaged MnM to provide

Market sizing & forecasting across verticals such as hypermarkets, supermarkets, single-item stores, fuel stations and pharmacies
Competitive intelligence on basis of company profiles, organic and inorganic strategy adopted by key players, competitive landscape, and recent development such as acquisitions, product launches, collaborations and partnerships

Revenue Impact (RI)

Go to market strategy for a new entrant, looking for opportunities in the retail automation market worth ~USD 10.2 billion in 2017