Smart retail framework incorporates an arrangement of keen advances which are intended to give a quicker, witted and more secure understanding to the clients while shopping. The worldwide market for keen retail frameworks is relied upon to develop fundamentally amid the gauge time frame.
The Smart Retail Market report is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. The report provides with CAGR value fluctuation forecast to 2025. The Smart Retail Market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Several other factors such as import, export, gross margin, price, cost, and consumption are also analyzed under the section Analysis of Smart Retail production, supply, sales and market status.
The Global Smart Retail Market is expected to reach USD 59.3 billion by 2025 from USD 10.4 billion in 2017 and is projected to grow at a CAGR of 24.2% in the forecast period of 2018 to 2025.
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Market Segmentation: Global Smart Retail Market
Global Smart Retail Market, By Application (Visual Marketing, Smart Label, Smart Payment System, Intelligent System, Robotics, Analytics), Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025
Key Players: Global Smart Retail Market
Intel Corporation, IBM, NVIDIA, Samsung Electronics, Microsoft, Google, PTC, Amazon, NXP Semiconductors, Cisco, LG Display, Huawei Technologies, ParTech, Inc., Texas Instruments, Honeywell, Bosch, NVIDIA Taiwan, Samsung Electronics America, Cisco Systems France, Broadcom Inc., Ingenico Nordic Retail Group, NEC Corporation, Verifone,SoftBank Robotics US, LG Display America, Inc., IEI Integration Corp.,SoftBank Robotics Europe, Bosch USA, Bosch Australia & New Zealand, Bosch Switzerland, Bosch UK, Bosch Group Romania, Bosch the Netherlands, SoftBank Robotics China, Verifone Finland Oy, NEC Europe, NEC Corporation of America, NEC Corporation (Thailand) Ltd., Smart Retail Solutions Inc., Techni-Connection, IEI Technology USA Corporation and others.
Market Drivers and Restraints: Global Smart Retail Market
Growing need for better customer services and shopping experience
Decreasing cost of electronics components
Emerging new technologies creates new revenues for retailers
Data security and privacy concerns with new advanced technologies
High maintenance of advanced computing systems
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Recent Industry Developments:
In Feb 2017, IBM and Tech Mahindra joined hands to accelerate global hybrid cloud adoption for the development of its cloud based applications.
In October 2013, Microsoft acquired mobile hardware division of Nokia in order to develop more smart devices and increase its business among different countries
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