Friday, April 7, 2017

According To The Latest Market News Of "Retail Automation" Increases Upto $275.43 Billion Between 2013-2020

The total Retail Automation Market was valued at $93.04 billion in 2013 and is expected to reach $275.43 billion by 2020, at a CAGR of 16.7% between 2014 and 2020.

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The concept of retail automation has been in existence for a long time and has witnessed profound growth in the last five years. The stringent regulations being imposed by the governments augmented by the increasing need to save costs by retailers are the primary factors contributing to the growth of this market. The growing awareness of wireless technologies and the developments towards the integration of such technologies with retail automation products is expected to propel the market in the future.

The objective of the research study was to analyze the market trends for each of the product type, the growth rates of various products, and their comparison with other products.

Apart from the market segmentation, the report also covers Porter’s five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the overall retail automation market.

Global retail automation market, is aimed towards detailing the entire market for Retail Automation, specifically with regard to physical electronic point of sale (POS) terminal and unattended terminal. The report covers the overall market and sub-segment markets through extensively detailed classifications.

The global retail automation market; it includes product type  such as the physical electronic point of sale (POS) terminal and unattended terminal. The products mentioned above have been further segmented based on different kinds of products available under each category.

The unattended terminal market has been further divided into vending machine and self-checkout system. The industry vertical has been segmented into food/non-food, oil & gas, transportation & logistics, health & personal care, hospitality, and others.

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This report analyzes the findings by considering the market dynamics and various industry trends that shape up this market. These dynamics are categorized under three headers; drivers, restraints, and opportunities. The market estimation and forecasting has been done using these market dynamics. The industry trends showcase various recent and future developments in the industry and also analyze the market lifecycle.

The retail automation market has also been segmented based on geography. The market by geography has been classified into various economic regions such as North America, Europe, APAC, and ROW. North America holds the maximum share in the Retail Automation market, due to the favorable economic conditions in the region and the need to rely on retail automated products.

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