How big is the Smart Retail Market?

The Smart Retail Market size is expected to reach USD 25.10 billion in 2024 and grow at a CAGR of 22.23% to reach USD 68.60 billion by 2029. Read More

What is the current Smart Retail Market size?

In 2024, the Smart Retail Market size is expected to reach USD 25.10 billion. Read More

Who are the key players in Smart Retail Market?

Google LLC, Intel Corporation, IBM Corporation, Cisco Systems, Inc. and Amazon.com, Inc. are the major companies operating in the Smart Retail Market. Read More

Which is the fastest growing region in Smart Retail Market?

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

Which region has the biggest share in Smart Retail Market?

In 2024, the Asia Pacific accounts for the largest market share in Smart Retail Market. Read More

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

In 2023, the Smart Retail Market size was estimated at USD 19.52 billion. The report covers the Smart Retail Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Retail Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Retail Market Size & Share Analysis - Industry Research Report

Smart Retail Market Size and Share Analysis - Growth Trends and Forecasts (2024 - 2029)

The Smart Retail Market Report is Segmented by Component (Hardware, Software, and Services), by Application (Inventory Management, Brand Protection, Foot-Traffic, Loyalty Management and Payment, Predictive Equipment Maintenance, and Others), and by Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Smart Retail Industry Overview

The smart retail market is fragmented and consists of various players. Market players adopt various strategies such as strategic mergers and acquisitions, product innovation, and market expansion to stay ahead of the competition. Some key players include Google LLC, Intel Corporation, Amazon.com, Inc., IBM Corporation, Cisco Systems, Inc., and others. Some of the recent developments in the market include:

• May 2024: Wipro Limited announced enhancing its retail-oriented capabilities within Wipro VisionEDGE+. This upgraded solution, created in collaboration with Cisco and AT&T and utilizing Amazon Web Services (AWS), functions as a holistic retail transformation platform to maximize the potential of retail media networks.

• April 2024: Fiserv, Inc. revealed improvements to its Pix hub technology. This technology, which is presently accessible to businesses in Brazil, aims to expedite the acceptance of electronic person-to-business payments through an agnostic platform, enabling retailers to select their preferred Payment Service Providers (PSPs). The enhancements include features such as unified management, high availability, and advanced security measures, including monitoring and fraud prevention, to reduce business risks. Additionally, Fiserv is offering merchants the choice to process Pix payments either through Fiserv or their selected PSPs.