1. Market Research
  2. > Information Technology Market Trends
Smart Retail Market by application, And Geography - Global Forecast to 2023

Smart Retail Market: Global Forecast until 2023

  • July 2018
  • 198 pages
  • ID: 5481454
In this report:
The smart retail market for robotics is expected to grow at the highest CAGR of ##.##% during the forecast period and is projected to reach USD ##.## million by 2023.
The smart retail market is expected to be valued at USD ##,##.## million in 2018 and is projected to reach USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.


Table of Contents

Search Inside

Smart retail market to grow at Compound annual growth rate of ~24.1 percent from 2018 to 2023

The smart retail market is estimated to grow ~$38.5B by 2023 from ~$13.1B in 2018, at a compound annual growth rate (CAGR) of ~24.1 percent. Increase in this industry can largely be attributed to Elements such as the growing adoption of smartphones, increasing need for better customer service and shopping experience, decreasing cost of electronic components, and emerging new technologies create new revenues for retailers. Nevertheless, data security and privacy concerns with new advanced technologies are anticipated to restrict the rise of the said market to a certain extent.

Market for direct-view fine-pixel LED in digital signage to register more significant rise during forecast horizon

The smart retail market for direct-view fine-pixel led in digital signage is anticipated to grow at quickest Compound annual growth rate.The rising innovation in direct-view fine-pixel LED displays and their technological advantages are driving the increase of the big format display market.

The sector is also driven by Elements such as increasing availability of highly bright HD LFDs offering better stability, flexibility, sustainability, and environment resistance; increasing demand for brighter and power-efficient LFDs in different applications; and growing applications for digital signage.

Market for machine learning in artificial intelligence for smart retail technology to hold biggest share during projection period

The industry for machine learning technology in artificial intelligent is anticipated to hold the most important a market during the estimate period.Machine learning allows systems to automatically improve their performance with experience.

This aims to develop a computer program/algorithm that can access info and use it to train itself with no human intervention.Machine learning is forecasted to account for the biggest market share overall the outlook period.

This is attributed to the enormous availability of data, also called big data, and rising adoption of machine learning by companies and federal agencies to benefit useful insights.

North America (NA) to grow at topmost cagr from 2018 to 2023

North America continent is notable for its high adoption of smart retail.The retail product manufacturers' focus on manufacturing precise, faster, and qualitative automated equipment and products.

Other than extensive globalization, the entry of overall actors in this zone is among the main reasons for the increase ot the smart retail market in North America (NA).The sector in North America continent is also characterized by high infrastructure costs and strict policies and regulatory frameworks.

Companies including IBM, Google, Microsoft, NVIDIA, Intel, and Amazon are complementing to the increase of the market in this area.

Breakdown of primary participants' profile:

• By Company category: Tier 1 = 25.0 percent, Tier 2 = 30.0 percent, and Tier 3 = 45.0 percent

• By Description: C-suite executives = 45.0 percent, Directors = 35.0 percent, and Others = 20.0 percent

• By Area: North America (NA) = 40.0 percent, EU = 30.0 percent, Asia-Pacific = 25.0 percent, and RoW = 5.0 percent

Top players operating in this sector are Intel, IBM (NYSE:IBM), NVIDIA, Samsung Electronics, Microsoft, Goggle, PTC, Amazon, Cisco System,, and NXP Semiconductors.

Segment Research

Different market segments have been covered in this business report.These include application and area.

It also gives a in-depth view of the market across 4 main regions: North America continent, Europe (EU), Asia-Pac, and RoW.

Why Purchasing This Study Can Help You:

• this business report includes statistics pertaining to the smart retail market in terms of application and area, together with their respective market sizes.

• Major drivers, market restraints, alternatives, and opportunities for the smart retail market have been provided in detail in this industry report.

• The report includes figures of segmentation, review, and estimate for the smart retail market established on its segments and sub-segments.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
IDC FutureScape: Worldwide Connected Devices  2019 Predictions

IDC FutureScape: Worldwide Connected Devices 2019 Predictions

  • $ 4500
  • October 2018

This IDC study discusses the worldwide connected devices 2019 predictions."IT faces a significant challenge as employees ask for new devices they believe will help drive increased productivity such as ...

Simultaneous Localization and Mapping Market by Offering, Type, Application And Geography - Global Forecast to 2023

Simultaneous Localization and Mapping Market by Offering, Type, Application And Geography - Global Forecast to 2023

  • $ 5650
  • December 2018

SLAM market to grow at a CAGR of 35.77% from 2018 to 2023The SLAM market is projected to reach USD 465 million by 2023 from USD 101 million by 2018, growing at a CAGR of 35.77%, during the forecast period. ...

IDC FutureScape: Worldwide Datacenter 2019 Predictions

IDC FutureScape: Worldwide Datacenter 2019 Predictions

  • $ 4500
  • October 2018

This IDC study discusses the worldwide datacenter top 10 predictions for 2019."In a digital economy where owning the customer experience is the goal, a premium must be placed guaranteeing response time ...


Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on