North America 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)
Market Introduction
The mounting penetration of wireless technologies across mobile printers and the emerging application of barcode and RFID printers across several industries are the key driving factors for the smart retail devices market. The escalating demand of omnichannel retailing is offering various advantages to the overall smart retail devices market. These devices offer various benefits, such as efficient product allocation, increased inventory management, and real-time inventory visibility. The boosting urbanization is improving the potential for several brands' reach, and the users can have enhanced access to the authentic brands. The retail and e-commerce industry presents a huge platform for shopping, which is rising at an unprecedented rate. The consumers of all age groups prefer online shopping, owing to the presence of considerable number of websites and apps to choose products. The smart retail and transportation & logistics platforms also provide various businesses an easier reach for customers, and hence necessary exposure to business is achieved. Also rising need for smart transportation is a major factor driving the North America smart retail devices market.
Among the MEA countries, Iran has recorded the highest number of COVID-19 confirmed cases. Other major countries that are facing the economic impact of COVID-19 include Turkey, Saudi Arabia, UAE, Egypt, Morocco, and Kuwait. The region comprises many growing economies, which are prospective markets for retail execution software providers, owing to the huge presence of diverse customer base for the retail & e-commerce industry. The COVID-19 pandemic has significantly affected the global economies. Still, the impact on the Middle East region is somewhat more, as there was already a pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, factory and business shutdowns and travel bans are further aggravating the economic problems of the countries in the MEA region. Hence, the estimated decline in the MEA’s economic condition and impact of COVID-19 on the growth of various industries in the region are expected to negatively affect the growth of the retail execution software market in 2020 and 2021.
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Market Overview and Dynamics
The smart retail devices market in North America is expected to grow from US$ 5,838.00 million in 2019 to US$ 8,842.87 million by 2027; it is estimated to grow at a CAGR of 5.8% from 2020 to 2027. The constant increase in the conversion ratio enhances the average transaction value and maximize the number of items per transaction. Despite the rapid growth of brick-and-mortar stores, retail and e-commerce industry continue to be the focal touch point for customers, remain at the forefront of shaping product, and brand perceptions. With the adoption of smart technologies such as AI, IoT, Big Data solutions in the overall retail, transportation and logistics industries, the efficiency of distribution and production networks can be improved. The technology allows tracking the entire process of the transportation of supplies. With real-time insights, customers can track their purchase orders on their devices and thus can check the delivery status. The integration of smart retail devices helps in tracking and evaluating the performance of delivery agents.
Key Market Segments
The North America market for smart retail devices is segmented into technology, application, and country. Based on technology, the North America 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 North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Caper Inc.; Diebold Nixdorf, Incorporated; Intel Corporation; LG Electronics; Nvidia Corporation; Panasonic Corporation; PAX Global Technology Limited; Samsung Group; SoftBank Robotics; and Zebra Technologies Corporation.
Reasons to buy report
- To understand the North America 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 North America smart retail devices market.
- Efficiently plan M&A and partnership deals in North America 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 North America smart retail devices market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Smart Retail Devices Market Segmentation
North America Smart Retail Devices Market - By Technology
- Digital Signage
- Smart Labels
- Smart Payments
- Smart Carts
- Others
North America Smart Retail Devices Market - By Application
- Predictive Equipment Maintenance
- Inventory Management
- Smart Fitting Room
- Foot Traffic Monitoring
- Others
North America Smart Retail Devices Market - By Country
- US
- Canada
- Mexico
North America Smart Retail Devices Market - Company Profiles
- Caper Inc.
- Diebold Nixdorf, Incorporated
- Intel Corporation
- LG Electronics
- Nvidia Corporation
- Panasonic Corporation
- PAX Global Technology Limited
- Samsung Group
- SoftBank Robotics
- 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. North America Smart Retail Devices Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Smart Retail Devices Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Need for Smart Transportation
5.1.2 Growing Utilization of Animatronics and Robotics
5.2 Market Restraints
5.2.1 High-Cost of Development and Maintenance of Smart Retail Devices
5.3 Market Opportunities
5.3.1 Smart Retail and Transportation & Logistics at High Demand
5.4 Future Trends
5.4.1 Blockchain Technology Easing Smart Payments
5.5 Impact Analysis of Drivers and Restraints
6. Smart Retail Devices Market – North America Analysis
6.1 Overview
6.2 North America Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
7. North America Smart Retail Devices Market Analysis, by Technology
7.1 Overview
7.2 North America 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. North America Smart Retail Devices Market, by Application
8.1 Overview
8.2 North America 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. North America Smart Retail Devices Market – Country Analysis
9.1 Overview
9.1.1 North America: Smart Retail Devices Market, By Key Country
9.1.1.1 US: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Smart Retail Devices Market, By Technology
9.1.1.1.2 US: Smart Retail Devices Market, By Application
9.1.1.2 Canada: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Smart Retail Devices Market, By Technology
9.1.1.2.2 Canada: Smart Retail Devices Market, By Application
9.1.1.3 Mexico: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Smart Retail Devices Market, By Technology
9.1.1.3.2 Mexico: Smart Retail Devices Market, By Application
10. Impact of COVID-19 Pandemic
10.1 North America
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 Caper Inc.
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 Panasonic Corporation
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
12.8 Diebold Nixdorf, Incorporated
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 PAX Global Technology Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 SoftBank Robotics
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Smart Retail Devices Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. North America Smart Retail Devices Market, By Country – Revenue and Forecast to 2027 (USD Million)
Table 3. US: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Smart Retail Devices Market Segmentation
Figure 2. North America Smart Retail Devices Market Segmentation – By Country
Figure 3. North America Smart Retail Devices Market Overview
Figure 4. North America Smart Retail Devices Market, By Technology
Figure 5. North America Smart Retail Devices Market, By Application
Figure 6. North America Smart Retail Devices Market, by Country
Figure 7. North America – PEST Analysis
Figure 8. North America Smart Retail Devices Market: Ecosystem Analysis
Figure 9. North America Smart Retail Devices Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Smart Retail Devices Market Revenue Share, by Technology (2019 and 2027)
Figure 12. North America Digital Signage: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 13. North America Smart Labels: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Smart Payments: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Smart Carts: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 16. North America Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America Smart Retail Devices Market Revenue Share, by Application (2019 and 2027)
Figure 18. North America Predictive Equipment Maintenance: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 19. North America Inventory Management: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 20. North America Smart Fitting Room: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 21. North America Foot Traffic Monitoring: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)
Figure 23. North America: Smart Retail Devices Market, By Key Country-Revenue (2019) (USD Million)
Figure 24. North America: Smart Retail Devices Market Revenue Share, By Key Country (2020 & 2027)
Figure 25. Us: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Canada: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Mexico: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in North American Country Markets
- Caper Inc.
- Diebold Nixdorf, Incorporated
- Intel Corporation
- LG Electronics
- NVIDIA CORPORATION
- Panasonic Corporation
- PAX Global Technology Limited
- Samsung Group
- SoftBank Robotics
- Zebra Technologies Corporation
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- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the smart retail devices market, as well as those hindering it
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