Retail Automation Is Expected To Witness the Highest Demand during 2017-2023

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MarketsandMarkets Presents

Retail Automation Is Expected To Witness the
Highest Demand during 2017-2023 Retail
Automation Market by Type (PoS, Barcode and RFID,
ESL, Camera, AGV, ASRS, Automated Conveyor),
Implementation, End User (Hypermarkets,
Supermarkets, Single Item Store, Fuel Stations,
Retail Pharmacies) and Geography - Global
Forecast to 2023 https//www.marketsandmarkets.c
om/PressReleases/retail-automation.asp
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The growth of the retail automation market can
be attributed to the increasing demand for
business optimization by retailers and reduction
in their operational costs, rising demand for
quality and quick services, and growing demand
for retail automation solutions across the globe.
The report "Retail Automation Market by Type
(PoS, Barcode, and RFID, ESL, Camera, AGV, ASRS,
Automated Conveyor), End User (Hypermarkets,
Supermarkets, Single Item Stores, Fuel Stations,
Retail Pharmacies),  Implementation, Region -
Global Forecast to 2023", is projected to grow
from USD 19.0 billion by 2023, at a CAGR of 11.0
between 2017 and 2023. Browse 63 market data
Tables and 48 Figures spread through 179 Pages
and in-depth TOC on " Retail Automation Market -
Global Forecast to 2023"
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Retail automation refers to the use of
automation technologies and processes to carry
out different retail operations. Various benefits
associated with retail automation include
real-time information flow across critical
systems that perform traditional transaction
functions at point-of-sale (PoS) terminals
efficient store management to prevent losses and
monitor the availability of products to avoid
out-of-stock situations, and improved customer
service with interactive kiosks and self-checkout
systems among others. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id1247 Retail automation combines
smart devices and equipment to offer high-quality
services to customers and enhance business
operations. It is adopted in hypermarkets,
supermarkets, fuel stations, departmental stores,
quick-service restaurants (QSR), and healthcare
retail pharmacies to ensure their smooth and
effective functioning. Increasing adoption of
retail automation solutions in emerging economies
incorporation of augmented reality and virtual
reality in the retail sector, and development of
new retail automation solutions act as growth
opportunities for the retail automation market in
the coming years.
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The warehouse segment is projected to lead the
retail automation market from 2017 to
2023 Increased number of stock-keeping units
(SKUs) has led to expansions in the sizes of
warehouses, thereby making it difficult to carry
out the effective management of warehouses using
manual labor. Thus, the emergence of warehouse
automation has enabled companies to increase the
efficiency of their warehouse operations.
Warehouse automation enables adoption of
automated conveyors, robots, and automated
storage and retrieval systems, which require
limited involvement of warehouse employees, to
carry out different operations. Request Free
Sample Pages https//www.marketsandmarkets.com/re
questsampleNew.asp?id1247 Among end-users,
retail automation is expected to witness the
highest demand in single item stores during the
forecast period Single item stores are dedicated
stores that offer a specific category of
products. These can be apparels and consumer
electronics stores as well as quick-service
restaurants. In such stores, losses and discount
costs that are related to product stocking are
crucial as seasonal products lose their value
quickly. Thus, retailers use electronic shelves
labeling (ESL), which allows them to change the
prices of products instantly and maintain an
inventory of their products, thereby reducing
losses and simultaneously saving efforts of their
staff. Single item stores are adopting different
automated technologies to boost the efficiency of
their operations, enhance customer experience,
and cater to the requirements of their customers.
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North America led the retail automation market in
2016 North America was the largest market for
retail automation in 2016. The growth of the
market in this region is driven by increased
demand for sophisticated and efficient retail
services and a high standard of living of its
population. The adoption of retail automation by
retail companies to offer easy and quick
point-of-sale (PoS) services is also fueling the
growth of the market in North America. The
presence of top retailers such as Wal-Mart
Stores, Inc. (US) and the Kroger Company (US) in
North America is also contributing to the growth
of retail automation in the region. Datalogic
S.p.A (Italy), NCR Corporation (US), First Data
Corporation (US), Toshiba Global Commerce
Solutions Inc. (US), Fujitsu Limited (Japan),
KUKA AG (Germany), Honeywell Scanning and
Mobility (US), Zebra Technologies Corporation
(US), Wincor Nixdorf AG (Germany), Posiflex
Technology, Inc. (Taiwan), Pricer AB (Sweden),
and EK Automation GmbH (Germany) are some of the
major players operating in the retail automation
market.
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