sales@businessmarketinsights.com     UK: +442081254005
   

Europe Smart Retail Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (Digital Signage, Smart Labels, Smart Payments, Smart Carts, and Others), and Application (Predictive Equipment Maintenance, Inventory Management, Smart Fitting Room, Foot Traffic Monitoring, and Others)

Code: TIPRE00020996 | Pages: 130 | Industry: Electronics and Semiconductor | Date: Apr 2021
Covid

Market Introduction

Germany, France, Russia, the UK, and Italy are among the major countries in Europe. Western Europe is well-known for its better living conditions, with residents experiencing higher income levels. It is one of the wealthiest regions on the continent of Europe, with more GDP per capita than the other parts. The high standard of living in western European countries is driving the demand for smart retail devices for a safe and fast shopping experience. Also, these countries comprise several retail giants undergoing a digital transformation, which is bolstering the growth of smart retail devices.  The digital transformation is irrevocably shaping the retail industry to offer a new level of services for customers in affordable and scalable manners. The European consumers are getting techno-savvy and demanding advanced connectivity-based solutions. The new smart connectivity through Wi-Fi and Bluetooth is improving the human and device interface experience. For instance, smart labels are offering product information on the customers’ devices with a single tap on labels. Also, the self-checkout systems or tap-and-pay payment process with Wi-Fi connectivity are offering a seamless shopping experience for customers. The retail giants are shifting toward digital technologies to improve customer shopping experience. For instance, in July 2020, Auchan (a grocery retailer) formed an agreement with Trax’s autonomous robots to deploy Trax’s suite of autonomous shelf monitoring solutions in their retail store. These shelf monitoring robots are utilized in 34 supermarkets and hypermarkets of Auchan in Portugal to monitor shelf stock and provide insightful data to store staff, enabling them to manage stock effectively. Also, Animatronics and robotics usage increasing is a major factor driving the Europe smart retail devices market.  

Spain, Italy, Germany, the UK, and France are some of the worst affected member states in the European region due to the COVID-19 outbreak. Businesses in the region are facing severe economic difficulties as they had to either suspend their operations or substantially reduce their activities. Owing to business shutdowns, travel bans, and supply chain disruptions, the region faced an economic slowdown in 2020, which is most likely continue in 2021 as well. Italy, Spain, and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a significant market for smart retail devices, owing to the high purchasing power of individual customers and booming retail industry. However, due to the COVID-19 outbreak, the retail sector has seen a sharp decline in the European countries. The retail and transportation & logistics industries are expected to be under stress in 2021, and they will require time to stabilize. All these factors are expected to impact smart retail devices market growth in European countries. The markets in Italy, Spain, Germany, the UK, and France are anticipated to see negative impact in 2021.   

Market Overview and Dynamics

The smart retail devices market in Europe is expected to grow from US$ 5,175.76 million in 2019 to US$ 7,978.61 million by 2027; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027.  Several nationalized banks across the world are leveraging and investing robustly on the deployment of various new technologies for attaining enhanced efficiency and providing better customer experience. This technology is cryptographically secured and is used to modify the database with each transaction on the network. The technology helps financial institutions gather data from authoritative service providers that permit them to ease the KYC (i.e., know-your-customer) process. A few of the banks have already started using a prototype of Blockchain-based KYC solutions. Furthermore, the retail and e-commerce are exploring the blockchain technology that helps in resolving the real-world issues for retail businesses. The deployment of blockchain technology in retail provides several benefits, including faster transactions, increased transparency, reduced costs, and improved security.

Key Market Segments

The Europe market for smart retail devices is segmented into technology, application, and country. Based on technology, the Europe smart retail devices market is divided into digital signage, smart labels, smart payments, smart carts, and others. Smart payments segment is projected to be the fastest growing segment over the forecast period. On basis of application, the market is segmented into predictive equipment maintenance, inventory management, smart fitting room, foot traffic monitoring, and others. Further, in 2019, predictive equipment maintenance led the Europe smart retail devices market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the smart retail devices market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Intel Corporation; LG Electronics; NVIDIA CORPORATION; Panasonic Corporation; Samsung Group; Zebra Technologies Corporation.

Reasons to buy report

  • To understand the Europe smart retail devices market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe smart retail devices market.
  • Efficiently plan M&A and partnership deals in Europe smart retail devices market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe smart retail devices market.
  • Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

Europe Smart Retail Devices Market Segmentation

Europe Smart Retail Devices Market ­- By Technology

  • Digital Signage
  • Smart Labels
  • Smart Payments
  • Smart Carts
  • Others

Europe Smart Retail Devices Market ­- By Application

  • Predictive Equipment Maintenance
  • Inventory Management
  • Smart Fitting Room
  • Foot Traffic Monitoring
  • Others

Europe Smart Retail Devices Market ­- By Country

  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Rest of Europe  

Europe Smart Retail Devices Market - Company Profiles

  • Intel Corporation
  • LG Electronics
  • Nvidia Corporation
  • Panasonic Corporation
  • Samsung Group
  • Zebra Technologies Corporation

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Smart Retail Devices Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Europe Smart Retail Devices Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Smart Transportation at High Demand

5.1.2        Animatronics and Robotics Usage Increasing

5.2         Market Restraints

5.2.1        Development and Maintenance of Smart Retail Devices are Costly

5.3         Market Opportunities

5.3.1        Surge in Demand for Smart Retail and Transportation & Logistics

5.4         Future Trends

5.4.1        Blockchain Technology Leveraging Smart Payments

5.5         Impact Analysis of Drivers and Restraints

6.           Smart Retail Devices Market – Europe Analysis

6.1         Overview

6.2         Europe Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

7.           Europe Smart Retail Devices Market Analysis, by Technology

7.1         Overview

7.2         Europe Smart Retail Devices Market, by Technology (2019 and 2027)

7.3         Digital Signage

7.3.1        Overview

7.3.2        Digital Signage: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.4         Smart Labels

7.4.1        Overview

7.4.2        Smart Labels: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.5         Smart Payments

7.5.1        Overview

7.5.2        Smart Payments: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.6         Smart Carts

7.6.1        Overview

7.6.2        Smart Carts: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.           Europe Smart Retail Devices Market, by Application

8.1         Overview

8.2         Europe Smart Retail Devices Market, by Application (2019 and 2027)

8.3         Predictive Equipment Maintenance

8.3.1        Overview

8.3.2        Predictive Equipment Maintenance: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.4         Inventory Management

8.4.1        Overview

8.4.2        Inventory Management: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.5         Smart Fitting Rooms

8.5.1        Overview

8.5.2        Smart Fitting Room: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.6         Foot Traffic Monitoring

8.6.1        Overview

8.6.2        Foot Traffic Monitoring: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.7         Others

8.7.1        Overview

8.7.2        Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

9.           Europe Smart Retail Devices Market – Country Analysis

9.1         Overview

9.1.1        Europe: Smart Retail Devices Market, By Key Country

9.1.1.1          UK: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          UK: Smart Retail Devices Market, By Technology

9.1.1.1.2          UK: Smart Retail Devices Market, By Application

9.1.1.2          Germany: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Germany: Smart Retail Devices Market, By Technology

9.1.1.2.2          Germany: Smart Retail Devices Market, By Application

9.1.1.3          France: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          France: Smart Retail Devices Market, By Technology

9.1.1.3.2          France: Smart Retail Devices Market, By Application

9.1.1.4          Italy: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          Italy: Smart Retail Devices Market, By Technology

9.1.1.4.2          Italy: Smart Retail Devices Market, By Application

9.1.1.5          Russia: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          Russia: Smart Retail Devices Market, By Technology

9.1.1.5.2          Russia: Smart Retail Devices Market, By Application

9.1.1.6          Rest of Europe: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of Europe: Smart Retail Devices Market, By Technology

9.1.1.6.2          Rest of Europe: Smart Retail Devices Market, By Application

10.        Impact of COVID-19 Pandemic

10.1      Europe

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Partnership

12.        COMPANY PROFILES

12.1      Intel Corporation

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Samsung Group

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      NVIDIA CORPORATION

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      LG Electronics

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Zebra Technologies Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Panasonic Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Diebold Nixdorf, Incorporated

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             Europe Smart Retail Devices Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             Europe Smart Retail Devices Market, By Country – Revenue and Forecast to 2027 (USD Million)

Table 3.             UK: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 4.             UK: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Germany: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Germany: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 7.             France: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 8.             France: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Italy: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Italy: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Russia: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Russia: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of Europe: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Rest of Europe: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Smart Retail Devices Market Segmentation

Figure 2.           Europe Smart Retail Devices Market Segmentation – By Country

Figure 3.           Europe Smart Retail Devices Market Overview

Figure 4.           Europe Smart Retail Devices Market, By Technology

Figure 5.           Europe Smart Retail Devices Market, By Application

Figure 6.           Europe Smart Retail Devices Market, by Country

Figure 7.           Europe – PEST Analysis

Figure 8.           Europe Smart Retail Devices Market: Ecosystem Analysis

Figure 9.           Europe Smart Retail Devices Market: Impact Analysis of Drivers and Restraints

Figure 10.        Europe Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Europe Smart Retail Devices Market Revenue Share, by Technology (2019 and 2027)

Figure 12.        Europe Digital Signage: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Europe Smart Labels: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Europe Smart Payments: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Europe Smart Carts: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Europe Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Europe Smart Retail Devices Market Revenue Share, by Application (2019 and 2027)

Figure 18.        Europe Predictive Equipment Maintenance: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Europe Inventory Management: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Europe Smart Fitting Room: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Europe Foot Traffic Monitoring: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Europe Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Europe: Smart Retail Devices Market, By Key County - Revenue (2019) (USD Million)

Figure 24.        Europe: Smart Retail Devices Market Revenue Share, By Key Country (2020 & 2027)

Figure 25.        UK: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Germany: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        France: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Italy: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Russia: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Rest of Europe: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in Europe Country Markets

 

  1. Intel Corporation
  2. LG Electronics
  3. Nvidia Corporation
  4. Panasonic Corporation
  5. Samsung Group
  6. Zebra Technologies Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe smart retail devices market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe smart retail devices market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the smart retail devices market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Related Tags Europe Smart Retail Devices Market Europe Smart Retail Devices Market Research Europe Smart Retail Devices Market Insight Europe Smart Retail Devices Market Trends Europe Smart Retail Devices Market Forecast Europe Smart Retail Devices Market Share Europe Smart Retail Devices Market 2027 Europe Smart Retail Devices Market Growth Europe Smart Retail Devices Industry Sector Europe Smart Retail Devices PDF Report Europe Smart Retail Devices Analysis Europe Smart Retail Devices Research Competitive Analysis

Purchase Options
Single User License
$3000
Site License
$4000
Enterprise License
$5000