NEW YORK, April 26, 2016 /PRNewswire/ -- Retail automation refers to use of various smart devices and equipment to automate the retail operations in order to lower operation costs and to enhance productivity. This market is one of the fastest growing markets owing to increasing incorporation of automation. Advancement in technology has enabled several leading retailers to incorporate cutting-edge automation technologies in retail operations. Also, now, the preference of consumers is gradually shifting to adopt retail automation as it is less time consuming process.
The overall market can be segmented based on type, component and end-user. Based on the various types, retail automation can be segmented into EPOS, self-checkout, KIOSK, vending machines and so on. Based on various components this market can be segmented into smart cart, card reader, RFID, barcode reader, PDA, cash registers and so on. Retail automation is widely being incorporated across retailers which can be grouped broadly under food/ non-food service industry, general merchandise, hospitality, petrol/ diesel stations, airports and so on.
The market is also analyzed based on different geographic regions which includes Americas, Europe, APAC and RoW. Americas has emerged out to be the leading market for retail automation followed by Europe. This market is not popular in developing countries of APAC region; however, is one of the most promising regions and is estimated to display highest growth rate.
The leading players catering to this market include:
- Siemens AG(Germany),
- Honeywell International Inc. (U.S.),
- Schneider Electric SE (France),
- Datalogic S.P.A (Italy) and so on.
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