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Retail Automation Driving The Retail Growth
The global retail industry is continuously developing. Retailers are concerned about meeting the current market needs; such as providing sophisticated services to customers, and reducing their operational cost. Retail automation, by providing automated machines, is a solution to these needs. The retail automation market is expected to grow during the next five years (2013 – 2018), on account of the presence of various drivers such as increasing need for fast process completion, growing automation market, and the developing retail market. Geographically, retail automation is a burning trend in some of the major economies such as the U.S., Germany, Japan, and so on. Future retail market will rely on the automated systems to capitalize on the market opportunities because of their accuracy and speed.
Retail automation market depends on the economic condition of a country. GDP is the economic factor, which has a great impact on the growth of automation. This indicator affects the customer/consumer buying behavior. Automation is beneficial for inventory control of a retail store; irrespective of whether itís a departmental store, hypermarket, or a shopping mall. It improves the inventory visibility and accuracy in inventory management. Use of automation helps to improve customer as well as retailersí satisfaction by reducing the cost of operation.
Retail automation market includes many products such as cash register, card reader, barcode reader, and self-service machines. The continuous growth of self service products such as kiosk, and self-checkout system is driving the overall retail automation market. Products such as belt conveyors, scissor lift, and electronic shelf label are responsible for the betterment of retail supply chain process.
Americas is a developed region, it covers 71% of the overall global retail automation market. Americas market growth is majorly driven by the U.S. On the other hand, it is also driven by various factors such as developed retail sector; presence of major retailers such as Wal-Mart (U.S.), Kroger (U.S.), Costco (U.S.), Target (U.S.), and Walgreens (U.S.); and customers need for sophisticated services in retail. Europe is increasing its foothold in retail automation due to development in some of the specific countries such as Germany, the U.K., and France. At present APAC market is small, but is expected to grow in the next 5-6 years. Countries such as Japan, China, and India will drive automation in APAC retail market.
Some of the major companies dominating the retail automation market are Verifone (U.S.), Pricer (Sweden), SES (France), Toshiba (U.S.), NCR (U.S.), First Data (U.S.), Zebra Technologies, Motorola, Casio, Posiflex (Taiwan), Wincor-Nixdorf (Germany), Eltrade (Bulgaria), Fujitsu (Japan), CTS (U.S.), and Ingenico (France).
Related Reports @
Retail Automation Market by POS Products (Kiosk, SCO, Cash Register, Receipt Printer, Currency Counter, Weight Scale, Barcode Reader), Supply Chain Products (Belt Conveyor, Scissor Lift, Electronic Shelf Label) & Geography (2013 - 2018)
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