The global market for smart retail technologies should grow from $22.6 billion in 2021 to $68.8 billion by 2026 with a compound annual growth rate (CAGR) of 24.9% for the period of 2021-2026.
The North American smart retail technologies market should grow from $9.4 billion in 2021 to $28.6 billion by 2026 with a compound annual growth rate (CAGR) of 25.0% for the period of 2021-2026.
The European smart retail technologies market should grow from $6.9 billion in 2021 to $20.2 billion by 2026 with a compound annual growth rate (CAGR) of 23.9% for the period of 2021-2026.
Report Scope
In this report, the global market for smart retail technologies is segmented by application, system, technology, and geography. Using 2020 as the base year, the report provides estimated market data and revenue forecasts for 2021 through 2026. Market values have been estimated based on the total revenues of providers of smart retail solutions.
The Report Includes
- 53 data tables and 11 additional tables
- An updated review of the global market for smart retail technologies
- Analyses of the global market trends, with data from 2020, estimates for 2021, 2022 and 2024, with projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the smart retail market size (in USD millions), and corresponding market share analysis by system component, application, technology, retailer size, and geography
- Latest information on major market dynamics (DROs), recent developments, technology updates, industry structure, regulatory scenario, and other significant factors affecting the smart retail applications market growth
- Country specific data and market value analysis for the U.S., Canada, Mexico, China, India, Japan, South Korea, France, Germany, U.K., and other emerging economies in the smart retail market
- A look at the major steps taken to improve customer experience and efficient management of business operations and insights into government initiatives to boost economies
- Insight into the recent industry strategies, M&A deals of key players operating within the global market; their key competitive landscape and company share analysis
- Impact analysis of COVID-19 pandemic on the market for smart retail technologies
- Profile descriptions of the leading smart retail industry players, including Amazon.com Inc., Google Inc., Intel Corp., Microsoft, Samsung Electronics Co. Ltd., and Cisco Systems Inc.
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Scope of Report
- What's New in this Update
- Reasons for Doing the Study
- Intended Audiences
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Future of Smart Retail
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of COVID on the Market for Smart Retail Technologies
- Smart Retail Use Cases
- Amazon
- Home Depot
- Sephora
Chapter 4 Market Breakdown by System Component
- Software
- Retail Management Software
- POS Software
- Other Software
- Hardware
- RFID Tags
- Scanners and Readers
- POS Terminals
- Other Hardware
Chapter 5 Market Breakdown by Application
- Promotional Advertising
- Digital Signage
- Loyalty Management
- In-store Experience
- Virtual Fitting Rooms
- Intelligent Vending Machines
- Electronic Shelf Labels
- Smart Shopping Carts
- Checkout System Components
- Other Smart Retail Applications
Chapter 6 Market Breakdown by Technology
- Artificial Intelligence
- Internet of Things (IoT)
- Augmented Reality/Virtual Reality
- Robotics
- Analytics
- Other Technologies
Chapter 7 Market Breakdown by Retailer Size
- Small and Medium-sized Retailers
- Large Retailers
Chapter 8 Market Breakdown by Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- France
- United Kingdom
- Rest of Europe
- Rest of the World (RoW)
Chapter 9 Company Profiles
- Major Players in the Market
- Amazon.Com, Inc.
- Cisco Systems Inc.
- Google Inc.
- IBM Corp.
- Intel Corp.
- Microsoft
- Ncr Corp.
- Nvidia
- Nxp Semiconductors N.V.
- Ptc Inc.
- Samsung Electronics Co. Ltd.
- Other Key Players
- Bosch Group
- Broadcom Ltd.
- Caper Ai
- Diebold Nixdorf Inc.
- First Data Corp.
- Infineon Technologies Ag
- Intellivision
- Lg Display
- Par Technology
- Pricer Ab
- Probiz Technologies Pvt. Ltd.
- Standard Cognition
- Texas Instruments
- Trigo
- Verifone Inc.
- Zensors
- Zippin
Chapter 10 Appendix: Acronyms
List of Tables
Summary Table: Global Market for Smart Retail Technologies, by Region, Through 2026
Table 1: Global Market for Smart Retail Technologies, by System Component, Through 2026
Table 2: Global Market for Software in Smart Retail, by Software Type, Through 2026
Table 3: Global Market for Software in Smart Retail, by Region, Through 2026
Table 4: Global Market for Hardware in Smart Retail, by Type of Device, Through 2026
Table 5: Global Market for Hardware in Smart Retail, by Region, Through 2026
Table 6: Global Market for Smart Retail Technologies, by Application, Through 2026
Table 7: Global Market for Promotional Advertising in Smart Retail, by Subsegment, Through 2026
Table 8: Global Market for Promotional Advertising in Smart Retail, by Region, Through 2026
Table 9: Global Market for In-store Experience Applications in Smart Retail, by Technology, Through 2026
Table 10: Global Market for In-store Experience Applications in Smart Retail, by Region, Through 2026
Table 11: Global Market for Check-out System Components in Smart Retail, by Region, Through 2026
Table 12: Global Market for Other Applications in Smart Retail, by Region, Through 2026
Table 13: Global Market for Smart Retail, by Technology, Through 2026
Table 14: Global Market for AI in Smart Retail, by Region, Through 2026
Table 15: Global Market for IoT in Smart Retail, by Region, Through 2026
Table 16: Global Market for AR/VR in Smart Retail, by Region, Through 2026
Table 17: Global Market for Robotics in Smart Retail, by Region, Through 2026
Table 18: Global Market for Analytics in Smart Retail, by Region, Through 2026
Table 19: Global Market for Other Technologies in Smart Retail, by Region, Through 2026
Table 20: Global Market for Smart Retail Technologies, by Retailer Size, Through 2026
Table 21: Global Market for Smart Retail Technologies for Small and Medium-sized Retailers, by Region, Through 2026
Table 22: Global Market for Smart Retail Technologies for Large Retailers, by Region, Through 2026
Table 23: Global Market for Smart Retail Technologies, by Region, Through 2026
Table 24: North American Market for Smart Retail Technologies, by Country, Through 2026
Table 25: North American Market for Smart Retail Technologies, by System Component, Through 2026
Table 26: North American Market for Smart Retail Technologies, by Application, Through 2026
Table 27: North American Market for Smart Retail Technologies, by Technology, Through 2026
Table 28: North American Market for Smart Retail Technologies, by Retailer Size, Through 2026
Table 29: Asia-Pacific Market for Smart Retail Technologies, by Country, Through 2026
Table 30: Asia-Pacific Market for Smart Retail Technologies, by System Component, Through 2026
Table 31: Asia-Pacific Market for Smart Retail Technologies, by Application, Through 2026
Table 32: Asia-Pacific Market for Smart Retail Technologies, by Technology, Through 2026
Table 33: Asia-Pacific Market for Smart Retail Technologies, by Retailer Size, Through 2026
Table 34: European Market for Smart Retail Technologies, by Country, Through 2026
Table 35: European Market for Smart Retail Technologies, by System Component, Through 2026
Table 36: European Market for Smart Retail Technologies, by Application, Through 2026
Table 37: European Market for Smart Retail Technologies, by Technology, Through 2026
Table 38: European Market for Smart Retail Technologies, by Retailer Size, Through 2026
Table 39: RoW Market for Smart Retail Technologies, by System Component, Through 2026
Table 40: RoW Market for Smart Retail Technologies, by Application, Through 2026
Table 41: RoW Market for Smart Retail Technologies, by Technology, Through 2026
Table 42: RoW Market for Smart Retail Technologies, by Retailer Size, Through 2026
Table 43: Amazon.com: Recent Financial Performance, 2018-2020
Table 44: Cisco Systems: Recent Financial Performance, 2018-2020
Table 45: Cisco Systems: Offerings in the Smart Retail Technologies Market
Table 46: Cisco Systems: Recent Developments in the Smart Retail Technologies Market, 2020 and 2021
Table 47: Google: Offerings in the Smart Retail Technologies Market
Table 48: IBM: Recent Financial Performance, 2018-2020
Table 49: IBM: Offerings in the Smart Retail Technologies Market
Table 50: Intel: Company Financials, 2018-2020
Table 51: Intel: Offerings in the Smart Retail Technologies Market
Table 52: Intel: Recent Developments in the Smart Retail Technologies Market, 2020 and 2021
Table 53: Microsoft: Company Financials, 2018-2020
Table 54: Microsoft: Recent Developments in the Smart Retail Technologies Market, 2020
Table 55: NCR: Company Financials, 2018-2020
Table 56: NCR: Offerings in the Smart Retail Technologies Market
Table 57: Nvidia: Recent Financial Performance, 2019-2021
Table 58: Nvidia: Offerings in the Smart Retail Technologies Market
Table 59: NXP Semiconductors: Company Financials, 2018-2020
Table 60: PTC: Recent Financial Performance, 2018-2020
Table 61: Samsung Electronics: Recent Financial Performance, 2018-2020
Table 62: Samsung Electronics: Offerings in the Smart Retail Technologies Market
Table 63: Acronyms Used in this Report
List of Figures
Summary Figure: Global Market Shares of Smart Retail Technologies, by Region, 2020
Figure 1: Global Market Shares of Smart Retail Technologies, by System Component, 2020
Figure 2: Global Market Shares of Software in Smart Retail, by Software Type, 2020
Figure 3: Global Market Shares of Software in Smart Retail, by Region, 2020
Figure 4: Global Market for Retail Management Software in Smart Retail Technologies, 2020-2026
Figure 5: Global Market for POS Software, 2020-2026
Figure 6: Global Market for Other Retail Software, 2020-2026
Figure 7: Global Market Shares of Hardware in Smart Retail, by Type of Device, 2020
Figure 8: Global Market Shares of Hardware in Smart Retail, by Region, 2020
Figure 9: Global Market for RFID Tags in Smart Retail, 2020-2026
Figure 10: Global Market for Scanners/Readers in Smart Retail, 2020-2026
Figure 11: Global Market for POS Terminals in Smart Retail, 2020-2026
Figure 12: Global Market for Other Hardware in Smart Retail, 2020-2026
Figure 13: Global Market Shares of Smart Retail Technologies, by Application, 2020
Figure 14: Global Market Shares of Promotional Advertising in Smart Retail, by Subsegment, 2020
Figure 15: Global Market Shares of Promotional Advertising in Smart Retail, by Region, 2020
Figure 16: Global Market for Digital Signage in Smart Retail, 2020-2026
Figure 17: Global Market for Loyalty Management Applications in Smart Retail, 2020-2026
Figure 18: Global Market Shares of In-store Experience Applications in Smart Retail, by Technology, 2020
Figure 19: Global Market Shares of In-store Experience Applications in Smart Retail, by Region, 2020
Figure 20: Global Market for Virtual Fitting Room Applications in Smart Retail, 2020-2026
Figure 21: Global Market for Intelligent Vending Machines in Smart Retail, 2020-2026
Figure 22: Global Market for Electronic Shelf Labels in Smart Retail, 2020-2026
Figure 23: Global Market for Smart Shopping Carts in Smart Retail, 2020-2026
Figure 24: Global Market Shares of Check-out System Components in Smart Retail, by Region, 2020
Figure 25: Global Market Shares of Other Applications in Smart Retail, by Region, 2020
Figure 26: Global Market Shares of Smart Retail, by Technology, 2020
Figure 27: Global Market Shares of AI in Smart Retail, by Region, 2020
Figure 28: Global Market Shares of IoT in Smart Retail, by Region, 2020
Figure 29: Global Market Shares of AI in Smart Retail, by Region, 2020
Figure 30: Global Market Shares of Robotics in Smart Retail, by Region, 2020
Figure 31: Global Market Shares of Analytics in Smart Retail, by Region, 2020
Figure 32: Global Market Shares of Other Technologies in Smart Retail, by Region, 2020
Figure 33: Global Smart Retail Technologies Market Share, by Retailer Size, 2020
Figure 34: Global Market Shares of Smart Retail Technologies for Small and Medium-sized Retailers, by Region, 2020
Figure 35: Global Market Shares of Smart Retail Technologies for Large Retailers, by Region, 2020
Figure 36: Global Market Shares for Smart Retail Technologies, by Region, 2020
Figure 37: U.S. Market for Smart Retail Technologies, 2020-2026
Figure 38: Canadian Market for Smart Retail Technologies, 2020-2026
Figure 39: Mexican Market for Smart Retail Technologies, 2020-2026
Figure 40: Chinese Market for Smart Retail Technologies, 2020-2026
Figure 41: Japanese Market for Smart Retail Technologies, 2020-2026
Figure 42: Indian Market for Smart Retail Technologies, 2020-2026
Figure 43: South Korean Market for Smart Retail Technologies, 2020-2026
Figure 44: Rest of Asia-Pacific Market for Smart Retail Technologies, 2020-2026
Figure 45: German Market for Smart Retail Technologies, 2020-2026
Figure 46: French Market for Smart Retail Technologies, 2020-2026
Figure 47: U.K. Market for Smart Retail Technologies, 2020-2026
Figure 48: Rest of Europe Market for Smart Retail Technologies, 2020-2026
Figure 49: RoW Market for Smart Retail Technologies, 2020-2026
Figure 50: Amazon.com: Revenue Share, by Segment, 2020
Figure 51: Amazon.com: Revenue Share, by Region, 2020
Figure 52: Cisco Systems: Revenue Share, by Segment, 2020
Figure 53: Cisco Systems: Revenue Share, by Region, 2020
Figure 54: IBM: Revenue Share, by Segment, 2020
Figure 55: IBM: Revenue Share, by Region, 2020
Figure 56: Intel: Revenue Share, by Business Segment, 2020
Figure 57: Intel: Revenue Share, by Region/Country, 2020
Figure 58: Microsoft: Revenue Share, by Business Segment, 2020
Figure 59: Microsoft: Revenue Share, by Region/Country, 2020
Figure 60: NCR: Revenue Share, by Business Segment, 2020
Figure 61: NCR: Revenue Share, by Region/Country, 2020
Figure 62: Nvidia: Revenue Share, by Segment, 2021
Figure 63: Nvidia: Revenue Share, by Region, 2021
Figure 64: NXP Semiconductors: Revenue Share, by End Market, 2020
Figure 65: NXP Semiconductors: Revenue Share, by Region/Country, 2020
Figure 66: PTC: Revenue Share, by Line of Business, 2020
Figure 67: PTC: Revenue Share, by Region, 2020
Figure 68: Samsung Electronics: Revenue Share, by Region, 2020
Figure 69: Samsung Electronics: Revenue Share, by Segment, 2020
Executive Summary
Smart retail technologies provide faster, smarter, safer and more convenient services to shoppers. In addition to improving customer experience, these services accelerate inventory management and enhance store operations. Technologies such as AI, AR, VR and IoT are encouraging the implementation of smart retail applications and propelling the market growth.
The deployment of robots and automation in stores and warehouses to optimize processes is one of the major factors driving the growth of this market. Moreover, in-store mobile marketing is becoming increasingly more sophisticated, and it is being used by retailers around the globe. Smartphone use is becoming a disruptor, and retailers are embracing it to usher in sales by making the shopper’s experience more efficient. Retailers are investing in innovation that can help them better engage and interact with customers.
In this report, the global market for smart retail technology market is segmented by application, technology, system and geography. In terms of application, the market is categorized into promotional advertising, in-store experience, check-out solutions and others. In-store experience platforms include smart fitting rooms, customer experience/engagement through the use of technologies, electronic shelf labels (ESLs), robotics, intelligent retail-Fi, smart vending machines and shelves, electronic article surveillance (EAS), smart mirrors, and AR and VR tours.
In terms of technology, the market is categorized into AI, IoT, AR/VR, robotics, analytics, and others. IoT currently accounts for the dominant Shares of the market. IoT is useful in deploying smart inventory management systems based on RFID tags, store shelf sensors, beacons, digital price tags and video monitoring combined with image analysis to improve procurement planning at every stage of the supply chain.
With IoT data analytics, when the product starts to run out, the system can automatically reorder the required items. The shelves are equipped with RFID tags that read items and send the data to an IoT system. RFID-equipped smart shelves allow retailers such as Kroger to constantly improve customer service in real-time.
In terms of systems, the market is segmented into hardware and software. Hardware currently has a larger market share, but the software is expected to grow at a higher growth rate during the forecast period.
Geographically, the smart retail technologies market has been segmented into North America, Europe, Asia-Pacific and the Rest of the world (RoW).
Companies Mentioned
- Amazon.Com, Inc.
- Bosch Group
- Broadcom Ltd.
- Caper AI
- Cisco Systems Inc.
- Diebold Nixdorf Inc.
- First Data Corp.
- Google Inc.
- IBM Corp.
- Infineon Technologies Ag
- Intel Corp.
- Intellivision
- LG Display
- Microsoft
- NCR Corp.
- Nvidia
- NXP Semiconductors N.V.
- PAR Technology
- Pricer Ab
- Probiz Technologies Pvt. Ltd.
- PTC Inc.
- Samsung Electronics Co. Ltd.
- Standard Cognition
- Texas Instruments
- Trigo
- Verifone Inc.
- Zensors
- Zippin
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 123 |
| Published | October 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 22.6 Billion |
| Forecasted Market Value ( USD | $ 68.8 Billion |
| Compound Annual Growth Rate | 24.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
