Retail Automation Market refers to use of various smart devices and equipment to automate the retail operations in order to lower operation costs and to enhance productivity. This market is one of the fastest growing markets owing to increasing in corporation of automation.
Advancement in technology has enabled several leading retailers to incorporate cutting-edge automation technologies in retail operations. Also, now, the preference of consumers is gradually shifting to adopt retail automation as it is less time consuming process.

The overall market can be segmented based on type, component and end-user. Based on the various types, retail automation can be segmented into EPOS, self-checkout, KIOSK, vending machines and so on.

Based on various components this market can be segmented into smart cart, card reader, RFID, barcode reader, PDA, cash registers and so on. Retail automation is widely being incorporated across retailers which can be grouped broadly under food/ non-food service industry, general merchandise, hospitality, petrol/ diesel stations, airports and so on.

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Market Driving Factors:
The Major driving factors of the Retail Automation Market, as examined by Industry Arc’s research analysts are:
• The Retail Automation is developing at a high growth rate due to many reasons like increasing retailers and increasing demand from the customers.
• It is obtaining accurate results.
• Retailers require advanced and developed systems to meet current market needs.
• It reduces the operational cost and fast processing in retailing.

Geographical Study of the Market:
The market is analyzed based on different geographic regions which includes Americas, Europe, APAC and RoW. Americas has emerged out to be the leading market for retail automation followed by Europe. This market is not popular in developing countries of APAC region; however, is one of the most promising regions and is estimated to display highest growth rate. The growth rates in the Global market are expected to rise to good scales during the forecast period 2015-2020.

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Notable Applications Brief:
The Retail Automation Market is having some application; the advanced information systems allow the application of retail automation in new logistics concepts such as VMI, ECR, CPFR and electronic marketplaces.

REPORT SCOPE:
Market Segmentation:
The Retail Automation Market is broadly segmented into 4 types based on the later given factors. The broad segmentation is further led to a narrower stream of divisions made by experts of IndustryARC and mentioned in this research report.
1. By Type: EPOS, Self-Checkout, others.
2. By Component: RFID, Smart cart, barcode reader, others.
3. By End user: Hypermarkets, supermarkets, airports, petrol stations, others.
4. By Geography: Americas , Europe, APAC and ROW.

Key Market Players:
Few of the top prominent competitors out of the complete list of 40+ companies of the Retail Automation Market which are studied in depth and mentioned in this research report are:
• Siemens AG (Germany)
• Honeywell International Inc. (U.S)
• Schneider Electric SE (France)
• Data Logic S.P.A (Italy) and so on.

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