Smart Retail Devices Market Scope And Analysis

Report Code : TIPRE00019107
Category : Electronics and Semiconductor

No. of Pages : 150

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Smart Retail Devices Market Analysis and Scope (2020 to 2027)

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Smart Retail Devices Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 32.58 Billion
Market Size by 2031	US$ 242.20 Billion
Global CAGR (2023 - 2031)	28.5%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Technology Digital Signage Smart Labels Smart Payments Smart Carts By Application Predictive Equipment Maintenance Inventory Management Smart Fitting Room Foot Traffic Monitoring
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Intel Corporation Samsung Group NVIDIA CORPORATION LG Electronics Zebra Technologies Corporation Caper Inc Panasonic Corporation Diebold Nixdorf Incorporated PAX Global Technology Limited SoftBank Robotics

Smart Retail Devices Market News and Recent Developments

The smart retail devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In June 2023, Intel and Vericast joined forces to develop, implement, and evaluate a cutting-edge programmable digital in-store retail media network. This innovative system leverages Vericast's advanced targeting technology and Intel's powerful Edge software platforms to deliver personalized advertising and product details that align with the customer's shopping journey. This collaboration is a crucial component of our broader initiative to revolutionize the retail industry and capitalize on the digital transformation of physical stores, which is widely regarded as the next major trend in the advertising sector.

(Source: Intel, Press Release, 2023)

In November 2023, Panasonic Connect Europe introduced a new AI-powered solution that aims to transform the retail industry by personalizing advertising through generative AI assistants for customers while they shop. This innovative solution allows stores to automatically monitor shopper demographics and combine this information with buying preferences, weather data, and local events to instantly personalize advertising on in-store displays. Panasonic has partnered with ADEAL Systems, a leading data and AI specialist, to integrate their AI-powered personal shopping assistant, CUSAAS (Customer Segmentation As-A-Service), with state-of-the-art retail technology camera and display solutions, creating an enhanced shopping experience.

(Source: Panasonic, Press Release, 2023)

Smart Retail Devices Market Report Coverage and Deliverables

The "Smart Retail Devices Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter's Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles