Increasing integration of augmented reality, virtual reality, artificial intelligence, and IoT is one of the key trends to accelerate market growth to improve store operations, facilitate accurate inventory management, and enhance the consumer’s shopping experience. This advanced retail technology allows offline retailers to compete with online retailers, losing market share, attracting more consumers to stores, and increasing customer retention.
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Major retailers such as Alibaba, Walmart, and Amazon are increasingly adopting smart retail technology to improve business operations and better serve customers. Physical retailers personalize the shopping experience by collecting customer data and analyzing customer behavior. Retailers utilize mPOS, beacon and NFC technology to inform customers of their names and provide the appropriate information.
Smart Retail Market is expected to register a CAGR of +19 % from 2019 to 2026.
Companies Summarized in this Report
Intel Corporation, IBM ,Samsung Electronics, Amazon, Google Inc., Microsoft Corporation, Softbank Robotics Holdings, Ingenico S.A.,Verifone Systems, NCR Corporation.
Market segment by Type
Market section by Application
Retailers can target customers through a variety of technologies such as Bluetooth and NFC. These technologies can be used for a variety of purposes, such as providing information related to products, pricing and location within a retail store, as well as communicating with the store’s payment system to facilitate the payment process. You can also map shopping behavior, preferences, and targeted promotions. In addition, a variety of smartphone compatibility technologies, such as beacon technology, help retailers promote their products.
Different qualities are measured while studying this report such as production, revenue, and capacity. The outstanding feature of this report is, it covers trending aspects which are influencing the market shares. The report provides important information about the prominent companies such as financial overview, requirement and recent developments.
Lastly, the research sheds light on potential strengths, weaknesses, risks, and opportunities that can affect the progress of global Smart Retail market.
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The study points are:
–To scrutinize and research the global Smart Retail status and future forecast involving, production, revenue, consumption, historical and forecast.
–To give the key Smart Retail manufacturers, production, revenue, market share, and current progress.
–To divide the breakdown data by regions, type, manufacturers and applications.
–To examine the global and key regions market prospective and advantage, opportunity and challenge, limits and risks.
–To recognize important trends, drivers, influence factors in global and regions.
–To evaluate competitive growths such as expansions, agreements, new product launches, and acquisitions in the market.
Details of Table of Content:
- Executive summary
- Opportunity of the Smart Retail report
- Smart Retail Market research procedure
- Global Smart Retail market
- Smart Retail Market drivers
- Smart Retail Market trends
- Smart Retail Market division by product
- Geographical segmentation
- Smart Retail Market challenges
- Impact of drivers and challenges
- Five forces model
- Key players analysis
- Key players profiles
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