The retail automation market is expected to show a substantial growth of nearly 17% for 2014–2020.Major players in the market are expected to witness a high degree of competition and also are expected to sense the need to build partnerships with other solution providers in the retail automation landscape to attain the demands of end users
Some of the large corporations operating in the retail automation market are Datalogic S.p.A (Italy), First Data Corp. (U.S.), Fujitsu Ltd. (Japan), Honeywell Scanning & Mobility (U.S.), NCR Corp. (U.S.), Posiflex Technology, Inc. (Taiwan), Pricer (Sweden), Toshiba Corp. (Japan), Wincor Nixdorf AG (Germany), and Zebra Technologies Corp. (U.S.).
NCR Corp. (U.S.) was founded in 1884 and is headquartered at Georgia, U.S. It has product portfolio which consists of automated Teller machines (ATMs), self-service kiosks, and point-of-sale (POS) devices. The company caters to various industry verticals such as financial services, retail, hospitality, travel, telecommunications, and technology among others. It focuses on research and development to design and develop products, services, and solutions that anticipate its customers’ changing technological needs and consumer preferences. This is evident with the launch of “Slimline 85” product for cinema in 2014, which is the latest addition to its innovative line of kiosks. This kiosk offered automated ticketing experience and made it convenient for moviegoers to buy tickets and opt for concessions and to feel the similar experience of using the kiosk as using a tablet.
Another prominent company which provides retail automation products and solutions is Fujitsu Ltd. (Japan). It was founded in 1935 and is headquartered at Tokyo, Japan. The company provides retail consulting, point-of-sale solutions, self-service solutions, and mobile solutions among others. It has invested a huge amount of money in research and development. Due to this reason, it has come up with new products for the retail automation industry. For instance, in 2014, the company launched the TeamPoS 7000 S-Series, which enabled retail POS to maximize selling potential while keeping associated costs to a minimum.
Retail Automation Market by Type (PoS, Barcode and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), Implementation, End User (Hypermarkets, Supermarkets, Single Item Store, Fuel Stations, Retail Pharmacies) and Geography - Global Forecast to 2023
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