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Smart Retail Market by application (Visual Marketing, Smart Label, Smart Payment System, Intelligent System (Intelligent Vending Machine, Smart Cart, AR/VR, Interactive Kiosk), Robotics, Analytics), and Geography - Global Forecast to 2023

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Date: 25-Jul-2018
No. of pages: 197
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“Smart retail market to grow at CAGR of 24.12% from 2018 to 2023”

The smart retail market is projected to reach USD 38.51 billion by 2023 from USD 13.07 billion in 2018, at a CAGR of 24.12%. Growth in this market can largely be attributed to factors such as the increasing adoption of smart phones, growing need for better customer service and shopping experience, decreasing cost of electronic components, and emerging new technologies create new revenues for retailers. However, data security and privacy concerns with new advanced technologies are expected to restrict the growth of the said market to a certain extent.

“Market for direct-view fine-pixel LED in digital signage to register highest growth during forecast period”

The smart retail market for direct-view fine-pixel led in digital signage is expected to grow at fastest CAGR. The increasing innovation in direct-view fine-pixel LED displays and their technological advantages are driving the growth of the large format display (LFD) market. The market is also driven by factors such as growing availability of highly bright HD LFDs offering better stability, flexibility, sustainability, and environment resistance; rising demand for brighter and power-efficient LFDs in several applications; and increasing applications for digital signage.

“Market for machine learning in artificial intelligence for smart retail technology to hold largest share during forecast period”

The market for machine learning technology in artificial intelligent is expected to hold the largest a market during the forecast period. Machine learning enables systems to automatically improve their performance with experience. This aims to develop a computer program/algorithm that can access data and use it to train itself with no human intervention. Machine learning is expected to account for the largest market share throughout the forecast period. This is attributed to the enormous availability of data, also called big data, and increasing adoption of machine learning by enterprises and federal agencies to gain useful insights.

“North America to grow at highest CAGR from 2018 to2023”

North America is notable for its high adoption of smart retail.The retail product manufacturers’ focus on manufacturing precise, faster, and qualitative automated equipment and products. Other than extensive globalization, the entry of global players in this region is among the major reasons for the growth of the smart retail market in North America.The market in North America is also characterized by high infrastructure costs and strict policies and regulatory frameworks. Companies such as IBM(US), Google(US), Microsoft(US), NVIDIA (US), Intel(US), and Amazon (US) are complementing to the growth of the market in this region.

Breakdown of primary participants’ profile:


  • By Company Type: Tier 1 = 25%, Tier 2 = 30%, and Tier 3 = 45%

  • By Designation: C-Level Executives = 45%, Directors = 35%, and Others = 20%

  • By Region: North America = 40%, Europe = 30%,APAC = 25%, and RoW = 5%


Key players operating in this market are Intel (US), IBM (US), NVIDIA (US), Samsung Electronics (South Korea), Microsoft (US), Goggle (US), PTC (US), Amazon (US), Cisco System, (US), and NXP Semiconductors (Netherlands).

Research Coverage:

Various market segments have been covered in this report. These include application and geography. It also gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:


  • This report includes statistics pertaining to the smart retail market in terms of application and region, along with their respective market sizes.

  • Major drivers, restraints, opportunities, and challenges for the smart retail market have been provided in detail in this report.

  • The report includes illustrative segmentation, analysis, and forecast for the smart retail market based on its segments and sub segments.

Smart Retail Market by application (Visual Marketing, Smart Label, Smart Payment System, Intelligent System (Intelligent Vending Machine, Smart Cart, AR/VR, Interactive Kiosk), Robotics, Analytics), and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Smart Retail Market
4.2 Smart Retail Market, By Processor for Artificial Intelligence
4.3 Smart Retail Market for Virtual Reality, By Device Type
4.4 Smart Retail Market, By Region
4.5 Smart Retail Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of Smartphones
5.2.1.2 Growing Need for Better Customer Services and Shopping Experience
5.2.1.3 Decreasing Cost of Electronics Components
5.2.1.4 Emerging New Technologies Creates New Revenues for Retailers
5.2.2 Restraints
5.2.2.1 Data Security and Privacy Concerns With New Advanced Technologies
5.2.2.2 High Maintenance of Advanced Computing Systems
5.2.3 Opportunities
5.2.3.1 Increasing Investment in Retail Industry
5.2.3.2 Directly Connect With End Users
5.2.4 Challenges
5.2.4.1 Reluctance of Retailers
5.3 Case Study
5.3.1 Amazon Go (US): Automated Retail Store
5.3.2 Walmart Inc.(US): Shelf Scanning Robots
5.3.3 Galeries Lafayette (France): Intelligent Systems (Artificial Intelligence)
5.3.4 Pricer Ab (Sweden): Electronic Shelf Labels (ESL)
5.3.5 R. H. Macy & Co (US): RFID Tag
5.3.6 Target Corporation (US): Wireless Beacons
5.3.7 Argo Ltd (UK): Digital Signage

6 Smart Retail Market, By Application
6.1 Introduction
6.2 Visual Marketing
6.2.1 Digital Signage
6.3 Smart Label
6.3.1 Smart Beacon
6.3.2 Electronic Shelf Label
6.4 Smart Payment System
6.5 Intelligent System
6.5.1 Intelligent Vending Machine
6.5.2 Augmented Reality
6.5.3 Virtual Reality
6.5.4 POS
6.5.5 Interactive Kiosk
6.5.6 Smart Cart
6.6 Robotics
6.7 Analytics
6.7.1 Artificial Intelligence

7 Geographic Analysis
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 UK
7.3.2 Germany
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 APAC
7.4.1 China
7.4.2 Japan
7.4.3 South Korea
7.4.4 Rest of APAC
7.5 RoW
7.5.1 South America
7.5.2 Middle East & Africa

8 Competitive Landscape
8.1 Overview
8.2 Ranking Analysis of Key Players By Application in Smart Retail Market
8.3 Competitive Situations and Trends
8.3.1 Product Launches (2015–2018)
8.3.2 Agreements, Partnerships, Collaborations, & Contracts (2015–2018)
8.3.3 Acquisitions (2015–2018)
8.3.4 Expansion (2015–2017)

9 Company Profiles
(Business Overview, Products/Services/ Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
9.1 Key Players
9.1.1 Intel
9.1.2 IBM
9.1.3 Nvidia
9.1.4 Samsung Electronics
9.1.5 Microsoft
9.1.6 Google
9.1.7 PTC
9.1.8 Amazon
9.1.9 NXP Semiconductors
9.1.10 Cisco Systems
9.1.11 LG Display
9.1.12 Huawei Investment & Holding
9.1.13 Par Technology
9.1.14 Texas Instruments
9.1.15 Stmicroelectronics
9.1.16 Honeywell
9.1.17 Bosch Group
9.1.18 Softbank Robotics Holdings
9.1.19 Broadcom Limited
9.1.20 Ingenico
9.1.21 Verifone
9.1.22 First Data
9.1.23 PAX Global Technology
9.1.24 NCR
9.1.25 Evry
9.1.26 Kontakt.Io
9.1.27 Aruba (A Hewlett Packard Enterprise Company)
9.2 Other Companies
9.2.1 Analog Devices
9.2.2 Infineon Technologies
9.2.3 Invensense
9.2.4 Wincor Nixdorf
9.2.5 Pricer Ab
9.2.6 Probiz Technologies
9.2.7 Ses-Imagotag
9.2.8 E Ink Holdings Inc.
9.2.9 Bossa Nova Robotics
9.2.10 Fellow Inc.
9.2.11 Five Elements Robotics
9.2.12 Xi'an Chaohi Network Technology Co., Ltd
9.2.13 Focal Systems Inc.
9.2.14 Smartcart
9.2.15 Intellivision
9.2.16 Memomi Labs Inc.
9.2.17 Estimote, Inc.

*Details on Business Overview, Products/Services/ Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

10 Appendix
10.1 Insights From Industry Experts
10.2 Discussion Guide
10.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
10.4 Available Customization
10.5 Related Reports
10.6 Author Details

List of Tables

Table 1 Smart Retail Market, By Application, 2015–2023 (USD Million)
Table 2 Smart Retail Market for Digital Signage, By Offering, 2015–2023 (USD Million)
Table 3 Smart Retail Market for Digital Signage, By Hardware, 2015–2023 (USD Million)
Table 4 Smart Retail Market for Digital Signage, By Display, 2015–2023 (USD Million)
Table 5 Smart Retail Market for Digital Signage, By Display, 2015–2023 (Thousand Units)
Table 6 Smart Retail Market for Digital Signage, By Application, 2015–2023 (USD Million)
Table 7 Smart Retail Market for Digital Signage, By Region, 2015–2023 (USD Million)
Table 8 Smart Retail Market for Smart Beacon, By Type, 2015–2023 (USD Million)
Table 9 Smart Retail Market for Smart Beacon, By Offering, 2015–2023 (USD Million)
Table 10 Smart Retail Market for Smart Beacon, By Hardware, 2015–2023 (USD Million)
Table 11 Smart Retail Market for Smart Beacon, By Software, 2015–2023 (USD Million)
Table 12 Smart Retail Market for Smart Beacon, By Region, 2015–2023 (USD Million)
Table 13 Smart Retail Market for Electronic Shelf Labels, By Product, 2015–2023 (USD Million)
Table 14 Smart Retail Market for Electronic Shelf Labels, By Communication Technology, 2015–2023 (USD Million)
Table 15 Smart Retail Market for Electronic Shelf Labels, By Component, 2015–2023 (USD Million)
Table 16 Smart Retail Market for Electronic Shelf Labels, By Region, 2015–2023 (USD Million)
Table 17 Smart Retail Market for Electronic Shelf Labels, By Region, 2015–2023 (Million Units)
Table 18 Smart Retail Market, By POS Terminal, 2015–2023 (USD Million)
Table 19 Smart Retail Market, By POS Terminal, 2015–2023 (Million Units)
Table 20 Smart Retail Market for POS Terminals, By Region, 2015–2023 (USD Million)
Table 21 Smart Retail Market for Intelligent Vending Machines, By Region, 2015–2023 (USD Million)
Table 22 Smart Retail Market for Augmented Reality, By Offering, 2015–2023 (USD Million)
Table 23 Smart Retail Market for Augmented Reality, By Device Type, 2015–2023 (USD Million)
Table 24 Smart Retail Market for Augmented Reality, By Device Type, 2015–2023 (Thousand Units)
Table 25 Smart Retail Market for Augmented Reality, By Application, 2015–2023 (USD Million)
Table 26 Smart Retail Market for Augmented Reality, By Retail Type, 2015–2023 (USD Million)
Table 27 Smart Retail Market for Augmented Reality, By Region, 2015–2023 (USD Million)
Table 28 Smart Retail Market for Virtual Reality, By Device Type, 2015–2023 (USD Million)
Table 29 Smart Retail Market for Virtual Reality, By Device Type, 2015–2023 (Thousand Units)
Table 30 Smart Retail Market for Virtual Reality, By Region, 2015–2023 (USD Million)
Table 31 Smart Retail Market for POS, By System, 2015–2023 (USD Million)
Table 32 Smart Retail Market for POS, By System, 2015–2023 (Thousand Units)
Table 33 Smart Retail Market for POS, By Region, 2015–2023 (USD Million)
Table 34 Smart Retail Market for Interactive Kiosks, By Region, 2015–2023 (USD Million)
Table 35 Smart Retail Market for Self-Checkout, By Region, 2015–2023 (USD Million)
Table 36 Smart Retail Market for Smart Carts, By Region, 2015–2023 (USD Million)
Table 37 Smart Retail Market for Smart Carts, By Region, 2015–2023 (Units)
Table 38 Smart Retail Market for Robotics, By Application, 2015–2023 (USD Million)
Table 39 Robotics in Smart Retail Market, By Technology, 2015–2023 (Units)
Table 40 Smart Retail Market for Robotics, By Region, 2015–2023 (USD Million)
Table 41 Smart Retail Market for Robotics, By Offering, 2015–2023 (USD Million)
Table 42 Smart Retail Market for Artificial Intelligence, By Offering, 2015–2023 (USD Million)
Table 43 Smart Retail Market for Artificial Intelligence, By Hardware, 2015–2023 (USD Million)
Table 44 Smart Retail Market for Artificial Intelligence, By Processor, 2015–2023 (USD Million)
Table 45 Smart Retail Market for Artificial Intelligence in Hardware, By Region, 2015–2023 (USD Million)
Table 46 Smart Retail Market for Artificial Intelligence, By Software, 2015–2023 (USD Million)
Table 47 Smart Retail Market for Artificial Intelligence in Software, By Deployment Type, 2015–2023 (USD Million)
Table 48 Smart Retail Market for Artificial Intelligence, By Platform, 2015–2023 (USD Million)
Table 49 Smart Retail Market for Artificial Intelligence, By Services, 2015–2023 (USD Million)
Table 50 Smart Retail Market for Artificial Intelligence, By Technology, 2015–2023 (USD Million)
Table 51 Smart Retail Market for Artificial Intelligence in Machine Learning, By Type, 2015–2023 (USD Million)
Table 52 Smart Retail Market for Artificial Intelligence in Context-Awareness, By Process, 2015–2023 (USD Million)
Table 53 Smart Retail Market for Artificial Intelligence, By Solution, 2015–2023 (USD Million)
Table 54 Smart Retail Market for Artificial Intelligence in Shelf Monitoring, By Region, 2015–2023 (USD Million)
Table 55 Smart Retail Market for Artificial Intelligence in Customer Relationship Management, By Region, 2015–2023 (USD Million)
Table 56 Smart Retail Market for Artificial Intelligence in Visual Monitoring, By Region, 2015–2023 (USD Million)
Table 57 Smart Retail Market for Artificial Intelligence in Price Optimization, By Region, 2015–2023 (USD Million)
Table 58 Smart Retail Market for Artificial Intelligence in Location-Based Marketing, By Region, 2015–2023 (USD Million)
Table 59 Smart Retail Market for Artificial Intelligence in Self-Checkout Systems, By Region, 2015–2023 (USD Million)
Table 60 Smart Retail Market for Artificial Intelligence, By Region, 2015–2023 (USD Million)
Table 61 Smart Retail Market, By Region, 2015–2023 (USD Million)
Table 62 Smart Retail Market in North America, By Country, 2015–2023 (USD Million)
Table 63 Smart Retail Market in Europe, By Country, 2015–2023 (USD Million)
Table 64 Smart Retail Market in APAC, By Region, 2015–2023 (USD Million)
Table 65 Smart Retail Market in RoW, By Region, 2015–2023 (USD Million)
Table 66 Smart Retail Market: Ranking Analysis of Key Companies for Visual Marketing
Table 67 Smart Retail Market: Ranking Analysis of Key Companies for Smart Label
Table 68 Smart Retail Market: Ranking Analysis of Key Companies for Smart Payment System
Table 69 Smart Retail Market: Ranking Analysis of Key Companies for Intelligent System
Table 70 Smart Retail Market: Ranking Analysis of Key Companies for Robotics
Table 71 Smart Retail Market: Ranking Analysis of Key Companies for Analytics

List of Figures

Figure 1 Smart Retail Market: Research Design
Figure 2 Process Flow of Market Size Estimation
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Smart Retail Market for Software in Robotics to Grow at Higher CAGR During 2018–2023
Figure 7 Smart Retail Market for Head-Mounted Displays in Augmented Reality to Grow at Highest CAGR During 2018–2023
Figure 8 Smart Retail Market for Direct-View Fine-Pixel Led in Digital Signage to Grow at Highest CAGR During 2018–2023
Figure 9 Smart Retail Market for Robotics to Grow at Highest CAGR During Forecast Period
Figure 10 Smart Retail Market in Europe to Hold the Largest Share in 2018
Figure 11 Smart Retail Market in North America to Grow at Highest CAGR During 2018–2023
Figure 12 GPU to Grow at Highest CAGR During Forecast Period
Figure 13 Gesture-Tracking Devices in Virtual Reality to Grow at Highest CAGR During Forecast Period
Figure 14 Europe to Hold Largest Share of Smart Retail Market in 2018
Figure 15 Canada to Grow at Highest CAGR During Forecast Period
Figure 16 Smart Retail Market: Drivers, Restraints, Opportunities, & Challenges
Figure 17 Continuous Growth in Mobile Nfc Payments
Figure 18 Declining Price of Sensors From Past 2 Decades
Figure 19 Smart Retail Market for Robotics to Grow at Highest CAGR During Forecast Period
Figure 20 Full-Graphic E-Paper ESL to Dominate Smart Retail Market During Forecast Period
Figure 21 Smart Retail Market in APAC for Augmented Reality to Grow at Highest CAGR During Forecast Period
Figure 22 Smart Retail Market in APAC for Self-Checkout to Grow at Highest CAGR During Forecast Period
Figure 23 Smart Retail Market for GPU to Grow at Highest CAGR During Forecast Period
Figure 24 Smart Retail Market in North America to Grow at Highest CAGR From 2018 to 2023
Figure 25 Smart Retail Market in Canada to Grow at Highest CAGR From 2018 to 2023
Figure 26 North America: Snapshot of Smart Retail Market
Figure 27 Europe: Snapshot of Smart Retail Market
Figure 28 APAC: Snapshot of Smart Retail Market
Figure 29 Companies Adopted Product Launches as Key Growth Strategy From 2015 to 2017
Figure 30 Intel: Company Snapshot
Figure 31 IBM: Company Snapshot
Figure 32 Nvidia: Company Snapshot
Figure 33 Samsung Electronics: Company Snapshot
Figure 34 Microsoft: Company Snapshot
Figure 35 Google: Company Snapshot
Figure 36 PTC: Company Snapshot
Figure 37 Amazon: Company Snapshot
Figure 38 NXP Semiconductors: Company Snapshot
Figure 39 Cisco Systems: Company Snapshot
Figure 40 LG Display: Company Snapshot
Figure 41 Huawei Investment & Holding: Company Snapshot
Figure 42 Par Technology: Company Snapshot
Figure 43 Texas Instruments: Company Snapshot
Figure 44 Stmicroelectronics: Company Snapshot
Figure 45 Honeywell: Company Snapshot
Figure 46 Bosch Group: Company Snapshot
Figure 47 Broadcom Limited: Company Snapshot
Figure 48 Ingenico: Company Snapshot
Figure 49 Verifone: Company Snapshot
Figure 50 First Data: Company Snapshot
Figure 51 PAX Global Technology: Company Snapshot
Figure 52 NCR: Company Snapshot
Figure 53 Evry: Company Snapshot

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