How big is the Retail Automation Market?

The Retail Automation Market size is expected to reach USD 17.46 billion in 2024 and grow at a CAGR of 14.66% to reach USD 37.38 billion by 2029. Read More

What is the current Retail Automation Market size?

In 2024, the Retail Automation Market size is expected to reach USD 17.46 billion. Read More

Who are the key players in Retail Automation Market?

Datalogic S.P.A, Diebold Nixdorf, Incorporated, ECR Software Corporation, Emarsys eMarketing Systems AG and Fujitsu Limited are the major companies operating in the Retail Automation Market. Read More

Which is the fastest growing region in Retail Automation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Retail Automation Market?

In 2024, the North America accounts for the largest market share in Retail Automation Market. Read More

What years does this Retail Automation Market cover, and what was the market size in 2023?

In 2023, the Retail Automation Market size was estimated at USD 14.90 billion. The report covers the Retail Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Retail Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Retail Automation Market

Retail Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Retail Automation Market is Segmented by Type (Hardware, Software), by End User (Grocery, General Merchandise, and Hospitality), and by Geography (Europe, North America, Latin America, Asia-Pacific, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Retail Automation Industry Overview

The retail automation market is characterized by fragmentation, with numerous solution providers operating globally. Given the ongoing development of automation technology, competition among market players remains intense. Incumbent participants continuously invest heavily in research and development to deter potential entrants from disrupting their market share. Additionally, they explore expansion strategies to maximize their existing market footprint.

In May 2022, UST, a renowned digital transformation solutions provider with a presence in North America, announced the signing of an original equipment manufacturer agreement with SAP. This agreement enables the integration of the SAP Business Technology Platform (SAP BTP) into UST's CogniphiAI Vision platform, which will now be marketed as UST Sentry Vision AI. This Software as a Service (SaaS) packaged solution seamlessly interfaces with SAP S/4HANA and RISE with SAP, facilitating the incorporation of predictive, contextual, and analytical capabilities into retail and manufacturing operations through advanced video analytics. UST Sentry Vision AI, an advanced vision-based artificial intelligence technology, allows the identification of predictable patterns that can reduce operational waste, monitor performance, detect revenue leakage, and automate complex business operations. Businesses can leverage digital vision data and video analytics to gain a competitive edge with UST Sentry Vision AI. UST's artificial intelligence-based vision platform, integrated with SAP Business Technology Platform and SAP Analytics Cloud, empowers and accelerates the transition to an intelligent digital enterprise.

In May 2023, ECS Industrial Computer introduced an extensive range of new products for intelligent retail kiosks. This includes the LIVA Z5 Plus MiniPC series, such as B760H7-M8 and Q670HIS1 motherboards, designed for automation intelligence, information terminals, and lottery terminals.