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Smart Retail Market - Global Industry Analysis

Smart Retail Market By Technology (ZigBee, Wi-Fi, Bluetooth Smart (BLE), LPWAN, And Others) and By Application (Smart Payment System, Robotics, Analytics, Indoor Navigation, Visual Marketing, Smart Label, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024

Published Date: 07-Sep-2018 Category: Technology & Media Report Format : PDF Pages: 179 Report Code: ZMR-3318 Status : Published

Global smart retail market expected to reach approximately USD 43.76 billion by 2024 growing at a CAGR of around 23.78% between 2018 and 2024. Increasing need for better customer service in order to tackle the e-commerce shopping is driving the growth of smart retail market across the globe.

Description

The report covers forecast and analysis for the smart retail market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the smart retail market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart retail market on a global level.

In order to give the users of this report a comprehensive view of the smart retail market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the smart retail market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. 

Global Smart Retail Market

The smart retail market is segmented based on technology, application, and region. Technology segment included in this market are ZigBee, Wi-Fi, Bluetooth Smart (BLE), LPWAN, and others. Application segment includes smart payment system, robotics, analytics, indoor navigation, visual marketing, smart label, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further divided into major countries including the U.S., France, the UK, Germany, China, India, Japan, and Brazil.

The report covers a detailed competitive outlook including company profiles of the key participants operating in the global smart retail market. Key players profiled in this report include Samsung Electronics, Intel Corporation, Nvidia, IBM, Microsoft Corporation, Google Inc., PTC Inc., Amazon, NXP Semiconductors, Huawei Investment & Holding, LG Display, and Cisco Systems, among others.

The report segments the global smart retail market as follows:

Global Smart Retail Market: Technology Segment Analysis 

  • ZigBee
  • Wi-Fi
  • Bluetooth Smart (BLE)
  • LPWAN
  • Others

Global Smart Retail Market: Application Segment Analysis 

  • Smart Payment System
  • Robotics
  • Analytics
  • Indoor navigation
  • Visual Marketing
  • Smart Label
  • Others

Global Smart Retail Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Smart Retail Market, 2015-2024 (USD Billion)
    • 2.2. Global Smart Retail Market: Snapshot
  •  
  • Chapter 3. Smart Retail - Market Dynamics
    • 3.1. Introduction
    • 3.2. Industrial Ecosystem Analysis
    • 3.3. Technology Landscape
    • 3.4. Market Drivers
      • 3.4.1. Global Smart Retail Market Drivers: Impact Analysis
      • 3.4.2. Increasing Popularity of Multichannel Retailing Approach Such as Omni Channel Retailing
      • 3.4.3. Decreasing Cost of Electronic Components
    • 3.5. Market Restraints
      • 3.5.1. Privacy and Data Security of IoT Devices and Connectivity
    • 3.6. Opportunities
      • 3.6.1. Increasing Number of Connected Consumers
    • 3.7. Innovation and Sustainability
    • 3.8. Regulatory Landscape
      • 3.8.1. The U.S.
      • 3.8.2. Europe
      • 3.8.3. China
    • 3.9. Porter's Five forces Analysis
      • 3.9.1. Bargaining Power of Suppliers
      • 3.9.2. Bargaining Power of Buyers
      • 3.9.3. Threat From New Entrants
      • 3.9.4. Threat From New Substitutes
      • 3.9.5. Degree of Competition
    • 3.10. PESTLE Analysis
    • 3.11. Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis, by Technology Segment
      • 3.11.2. Market Attractiveness Analysis, by Application Segment
      • 3.11.3. Market Attractiveness Analysis, by Regional Segment
  •  
  • Chapter 4. Global Smart Retail Market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global Smart Retail Market: Company Market Share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Smart Retail Market - Technology Segment Analysis
    • 5.1. Global Smart Retail Market: Technology Overview
      • 5.1.1. Global Smart Retail Market Revenue Share, by Technology, 2017 and 2024
    • 5.2. ZigBee
      • 5.2.1. Global Smart Retail Market for ZigBee, 2015-2024 (USD Billion)
    • 5.3. Wi-Fi
      • 5.3.1. Global Smart Retail Market for Wi-Fi, 2015-2024 (USD Billion)
    • 5.4. Bluetooth Smart (BLE)
      • 5.4.1. Global Smart Retail Market for Bluetooth Smart (BLE), 2015-2024 (USD Billion)
    • 5.5. LPWAN
      • 5.5.1. Global Smart Retail Market for LPWAN, 2015-2024 (USD Billion)
    • 5.6. Others
      • 5.6.1. Global Smart Retail Market for Others, 2015-2024 (USD Billion)
  •  
  • Chapter 6. Global Smart Retail Market - Application Segment Analysis
    • 6.1. Global Smart Retail Market: Application Overview
      • 6.1.1. Global Smart Retail Market Revenue Share, by Application, 2017 and 2024
    • 6.2. Smart Payment System
      • 6.2.1. Global Smart Retail Market by Smart Payment System, 2015-2024 (USD Billion)
    • 6.3. Robotics
      • 6.3.1. Global Smart Retail Market by Robotics, 2015-2024 (USD Billion)
    • 6.4. Analytics
      • 6.4.1. Global Smart Retail Market by Analytics, 2015-2024 (USD Billion)
    • 6.5. Indoor navigation
      • 6.5.1. Global Smart Retail Market by Indoor navigation, 2015-2024 (USD Billion)
    • 6.6. Visual Marketing
      • 6.6.1. Global Smart Retail Market by Visual Marketing, 2015-2024 (USD Billion)
    • 6.7. Smart Label
      • 6.7.1. Global Smart Retail Market by Smart Label, 2015-2024 (USD Billion)
    • 6.8. Others
      • 6.8.1. Global Smart Retail Market by Others, 2015-2024 (USD Billion)
  •  
  • Chapter 7. Global Smart Retail Market - Regional Segment Analysis
    • 7.1. Global Smart Retail Market: Regional Overview
      • 7.1.1. Global Smart Retail Market Revenue Share, by Region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America Smart Retail Market, 2015-2024 (USD Billion)
      • 7.2.2. North America Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
      • 7.2.3. North America Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.2.4.2. U.S. Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Smart Retail Market, 2015-2024 (USD Billion)
      • 7.3.2. Europe Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
      • 7.3.3. Europe Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
      • 7.3.4. France
        • 7.3.4.1. France Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.3.4.2. France Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
      • 7.3.5. UK
        • 7.3.5.1. UK Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.3.5.2. UK Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.3.6.2. Germany Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Smart Retail Market, 2015-2024 (USD Billion)
      • 7.4.2. Asia Pacific Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
      • 7.4.3. Asia Pacific Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
      • 7.4.4. India
        • 7.4.4.1. India Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.4.4.2. India Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
      • 7.4.5. China
        • 7.4.5.1. China Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.4.5.2. China Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
      • 7.4.6. Japan
        • 7.4.6.1. Japan Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.4.6.2. Japan Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Smart Retail Market, 2015-2024 (USD Billion)
      • 7.5.2. Latin America Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
      • 7.5.3. Latin America Smart Retail Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
        • 7.5.4.2. Brazil Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa Smart Retail Market, 2015-2024 (USD Billion)
      • 7.6.2. Middle East and Africa Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
      • 7.6.3. Middle East and Africa Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Nvidia
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent development
    • 8.2. Samsung Electronics
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Development
    • 8.3. Intel Corporation
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Development
    • 8.4. IBM
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Microsoft Corporation
      • 8.5.1. Overview
      • 8.5.2. Financial
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Amazon
      • 8.6.1. Overview
      • 8.6.2. Financial
      • 8.6.3. Product portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. NXP Semiconductors
      • 8.7.1. Overview
      • 8.7.2. Financial
      • 8.7.3. Product portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Google Inc.
      • 8.8.1. Overview
      • 8.8.2. Financial
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. PTC Inc.
      • 8.9.1. Overview
      • 8.9.2. Financial
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Cisco Systems
      • 8.10.1. Overview
      • 8.10.2. Financial
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Huawei Investment & Holding
      • 8.11.1. Overview
      • 8.11.2. Financial
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. LG Display
      • 8.12.1. Overview
      • 8.12.2. Financial
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development

List of Figures 

1. Market Research Process
2. Market Research Methodology
3. Global Smart Retail Market, 2015-2024 (USD Billion)
4. Classification of Smart Retail Market
5. Industry Ecosystem Analysis
6. Porter’s Five forces Analysis: Smart Retail Market 
7. PESTLE Analysis
8. Global Smart Retail Market Attractiveness, by Technology
9. Global Smart Retail Market Attractiveness, by Application
10. Global Smart Retail Market Attractiveness, by Region
11. Global Smart Retail Market Revenue Share, by Technology, 2017 & 2024
12. Global Smart Retail Market for ZigBee, 2015-2024 (USD Billion)
13. Global Smart Retail Market for Wi-Fi, 2015-2024 (USD Billion)
14. Global Smart Retail Market for Bluetooth Smart (BLE), 2015-2024 (USD Billion)
15. Global Smart Retail Market for LPWAN, 2015-2024 (USD Billion)
16. Global Smart Retail Market for Others, 2015-2024 (USD Billion)
17. Global Smart Retail Market Revenue Share, by Application, 2017 & 2024
18. Global Smart Retail Market by Smart Payment System, 2015-2024 (USD Billion)
19. Global Smart Retail Market by Robotics, 2015-2024 (USD Billion)
20. Global Smart Retail Market by Analytics, 2015-2024 (USD Billion)
21. Global Smart Retail Market by Indoor navigation, 2015-2024 (USD Billion)
22. Global Smart Retail Market by Visual Marketing, 2015-2024 (USD Billion)
23. Global Smart Retail Market by Smart Label, 2015-2024 (USD Billion)
24. Global Smart Retail Market by Others, 2015-2024 (USD Billion)
25. Global Smart Retail Market Revenue Share, by Region, 2017 & 2024
26. North America Smart Retail Market, 2015-2024 (USD Billion)
27. Europe Smart Retail Market, 2015-2024 (USD Billion)
28. Asia Pacific Smart Retail Market, 2015-2024 (USD Billion)
29. Latin America Smart Retail Market,2016-2022 (USD Billion)
30. Middle East & Africa Smart Retail Market, 2015-2024 (USD Billion)


List of Tables 

1. Smart Retail: Market Snapshot                                                            
2. Drivers of Global Smart Retail Market: Impact Analysis 
3. Restraints of Global Smart Retail Market: Impact Analysis 
4. North America Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
5. North America Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
6. U.S. Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
7. U.S. Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
8. Europe Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
9. Europe Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
10. France Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
11. France Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
12. U.K. Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
13. U.K. Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
14. Germany Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
15. Germany Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
16. Asia Pacific Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
17. Asia Pacific Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
18. India Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
19. India Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
20. China Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
21. China Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
22. Japan Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
23. Japan Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
24. Latin America Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
25. Latin America Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
26. Brazil Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
27. Brazil Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)
28. Middle East & Africa Smart Retail Market Revenue, by Technology, 2015-2024 (USD Billion)
29. Middle East & Africa Smart Retail Market Revenue, by Application, 2015-2024 (USD Billion)

Methodology

Free Analysis

In today’s online era, retailers need to counter the changing consumer buying behavior and expectations by deploying smart retail solutions in their outlets. Nowadays many of the shoppers want smart retail stores where they can experience end-to-end customer connection and receive high quality, personalized, advice, and assistance. They want a space where the displayed physical products are connected to the Internet. Smart retail solutions allow the configuration of services and products to be customized as per individual preferences, along with efficient, effective customer communications, and retention. 

Increasing popularity of multichannel retailing approach such as omnichannel retailing is expected to drive the growth of the smart retail market across the globe. Omnichannel retailing provides a flexible and seamless shopping experience to consumers by aligning and integrating different retail channels. It helps the retailers to capture more sales and increases brand awareness and loyalty. Growing adoption of Internet of Things (IoT) in the retail sector is further anticipated to boost the demand for smart retail globally. IoT helps retailers in improving customer experience, supply chain, and distribution channels. Numerous retailers have adopted IoT technology to connect with next-generation customers, advanced technologies, and tracking devices. Furthermore, the rising adoption of smartphones has increased the popularity of smart retail market across the globe. Worldwide sales of the smartphones had reached up to 1.46 billion devices by 2017. Smartphones can be used as a directory and catalog for store outlets, and can also be used as a direct means of payment for goods and services. Moreover, increasing investments in the retail sector will gain significant traction for smart retail market during the forecast period. The global retail market is expected to reach USD 31.88 trillion by 2023. However, privacy and data security of IoT devices and connectivity may hinder the global smart retail market growth in the coming years. 

Global Smart Retail Market

The smart retail market is segmented based on technology, application, and region. On the basis of technology, the market is segmented into ZigBee, Wi-Fi, Bluetooth Smart (BLE), LPWAN, and others. Among technologies, Bluetooth Smart (BLE) technology segment witnessed significant growth in the global smart retail market. Bluetooth Smart (BLE) is able to communicate with other existing Bluetooth devices with very low levels of battery consumption. This means various IoT-based devices such as healthcare devices, sports & fitness devices, keyboards and mice, wearable, along with actuators and small sensors that can operate on a single battery charge for a year or more. Applications of the smart retail solutions are smart payment system, robotics, analytics, indoor navigation, visual marketing, smart label, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among regions, Asia Pacific is expected to have the highest CAGR in the global smart retail market. Increasing adoption of the click-and-collect system has boosted the growth of the smart retail market in the Asia Pacific region. According to a recent study, 88% of retailers have planned to implement the click-and-collect system, i.e., order online and collect from the store by 2021.

Key players in the global smart retail market are Intel Corporation, IBM, Nvidia, Samsung Electronics, Microsoft Corporation, Google Inc., PTC Inc., Amazon, NXP Semiconductors, Cisco Systems, LG Display, and Huawei Investment & Holding, among others. 

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