Asia Pacific Smart Retail Market Size, Share & Trends Analysis Report By Solution, By Application (Visual Marketing, Smart Label, Smart Payment System, Intelligent System), By Country, And Segment Forecasts, 2020 - 2027

April 2020 | 88 pages | ID: A822F8311FCCEN
Grand View Research, Inc.

Abstracts

The Asia Pacific smart retail market size is estimated to reach USD 24.27 billion by 2027, expanding at a CAGR of 26.4% over the forecast period, according to a study conducted by Grand View Research, Inc. The growing need for better shopping experience and customer service and the increasing adoption of smartphones are anticipated to be the key factors driving the market. Additionally, increasing adoption of the latest technologies, such as Virtual Reality (VR), Augmented Reality (AR), Internet of Things (IoT), and Artificial Intelligence (AI) to enhance in-store shopping experience also supports the Asia Pacific smart retail market growth.

Currently, in the retail industry, conventional brick-and-mortar stores are facing extreme competition from swiftly expanding the e-commerce sector. Thus, traditional retailers need to integrate smart retail technologies in stores to maintain their customer base and to enhance the shopping experience. Retailers are aggressively adopting solutions based on the latest technologies, such as AR, IoT, VR, NFC, and RFID, as part of the efforts to cater to the changing consumer needs and offer highly efficient customer service.

Besides, investment in the retail industry has been growing significantly over the past few years in line with continued advancements in the latest technologies. Moreover, retail chains are investing expressively in emerging economies, such as China and India, to expand their presence in Asia Pacific. For instance, in November 2018, Walmart Investments Cooperative U.A invested USD 37.7 million in Wal-Mart India Pvt. Ltd. to expand presence in the Indian market. Thus, increasing investment in the retail industry is anticipated to create substantial growth opportunities for the smart retail service providers.

Asia Pacific is projected to emerge as the fastest-growing region across the globe, owing to an increase in the deployment of smart retail solutions across supermarkets and brick-and-mortar stores. In the top 250 retail companies, more than 60 companies have a presence in the region. The market in India is estimated to expand at the highest CAGR over the forecast period. The global retailers contemplating an international venture are particularly considering India as a lucrative market owing to the country’s strong demographic profile and economic growth. The tier-2 and tier-3 cities in India and the untapped rural sector are particularly providing ample growth opportunities for the retail industry.

Further key findings from the study suggest:

• The hardware segment held a dominant market share of 69.6% in 2019, owing to the growing demand for Bluetooth beacon, RFID, AR and VR devices, and POS terminals to provide a seamless in-store shopping experience to customers
• The others (robotics and analytics) segment is estimated to register the highest CAGR of 27.6% from 2020 to 2027 owing to the increasing adoption of analytical solutions by retailers to improve business operations and to understands consumer needs
• The market in India is estimated to expand at the highest CAGR of 28.6% over the forecast period, owing to the increasing technological advancement, coupled with the growing offline and online retail industry in the country
• The key Asia Pacific smart retail market competitors include Honeywell International, Inc.; Cisco Systems, Inc.; IBM; and Ingenico Group

Contents

CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Information Procurement
  1.3.1 Purchase Database
  1.3.2 GVR’s internal database
1.4 Research Methodology
1.5 Research Scope and Assumptions
1.6 Region / Country-wise Market Calculation
  1.6.1 Region / country-wise market: base estimates
  1.6.2 Country-wise market: CAGR calculation
  1.6.3 Country-wise market: Segment share calculation
1.7 List to Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 ASIA PACIFIC SMART RETAIL MARKET: INDUSTRY OUTLOOK

3.1 Asia Pacific Smart Retail Market Snapshot, 2019
3.2 Smart Retail Market: Value Chain Analysis
3.3 Smart Retail Market: Market Dynamics
  3.3.1 Market driver analysis
    3.3.1.1 Increasing adoption of latest technologies, such as AR, VR, AI, and IoT to enhance in-store shopping experience
    3.3.1.2 Growing preference for cashless transactions
  3.3.2 Market restraint analysis
    3.3.2.1 Rising concerns over cyberattacks
  3.3.3 Market opportunity analysis
    3.3.3.1 Increasing investment in retail industry
3.4 Penetration and Growth Prospect Mapping
3.5 Smart Retail Market - Key Company Ranking Analysis, 2018
3.6 Smart Retail Market Analysis Tools
  3.6.1 Porter’s analysis
  3.6.2 PEST analysis

CHAPTER 4 ASIA PACIFIC SMART RETAIL MARKET: SOLUTION SEGMENT ANALYSIS

4.1 Hardware
  4.1.1 Hardware market, 2016 - 2027 (USD million)
4.2 Software
  4.2.1 Software market, 2016 - 2027 (USD million)

CHAPTER 5 ASIA PACIFIC SMART RETAIL MARKET: APPLICATION SEGMENT ANALYSIS

5.1 Visual Marketing
  5.1.1 Visual marketing market, 2016 - 2027 (USD million)
5.2 Smart Label
  5.2.1 Smart label market, 2016 - 2027 (USD million)
5.3 Smart Payment System
  5.3.1 Smart payment system market, 2016 - 2027 (USD million)
5.4 Intelligent System
  5.4.1 Intelligent system market, 2016 - 2027 (USD million)
5.5 Others
  5.5.1 Others market, 2016 - 2027 (USD million)

CHAPTER 6 ASIA PACIFIC SMART RETAIL MARKET: COUNTRY ANALYSIS

6.1 Asia Pacific Smart Retail Market, by Country, 2016 - 2027
6.2 Asia Pacific Smart Retail Market, by Solution, 2016 - 2027
6.3 Asia Pacific Smart retail Market, by Application, 2016 - 2027
6.4 China
  6.4.1 China Smart Retail Market, by Solution, 2016 - 2027
  6.4.2 China Smart Retail Market, by Application, 2016 - 2027
6.5 Japan
  6.5.1 Japan Smart Retail Market, by Solution, 2016 - 2027
  6.5.2 Japan Smart Retail Market, by Application, 2016 - 2027
6.6 India
  6.6.1 India Smart Retail Market, by Solution, 2016 - 2027
  6.6.2 India Smart Retail Market, by Application, 2016 - 2027

CHAPTER 7 COMPANY PROFILES

7.1 InvenSense, Inc. (a TDK Group company)
  7.1.1 Company overview
  7.1.2 Financial performance
  7.1.3 Product benchmarking
  7.1.4 Strategic initiatives
7.2 IntelliVision
  7.2.1 Company overview
  7.2.2 Financial performance
  7.2.3 Product benchmarking
  7.2.4 Strategic initiatives
7.3 Probiz Technologies Prvt Ltd.
  7.3.1 Company overview
  7.3.2 Financial performance
  7.3.3 Product benchmarking
7.4 Robert Bosch Engineering and Business Solutions Private Limited
  7.4.1 Company overview
  7.4.2 Financial performance
  7.4.3 Product benchmarking
7.5 Cisco Systems, Inc.
  7.5.1 Company overview
  7.5.2 Financial performance
  7.5.3 Product benchmarking
  7.5.4 Strategic initiatives
7.6 Honeywell International, Inc.
  7.6.1 Company overview
  7.6.2 Financial performance
  7.6.3 Product benchmarking
  7.6.4 Strategic initiatives
7.7 IBM Corporation
  7.7.1 Company overview
  7.7.2 Financial performance
  7.7.3 Product benchmarking
  7.7.4 Strategic initiatives
7.8 Amazon.com, Inc.
  7.8.1 Company overview
  7.8.2 Financial performance
  7.8.3 Product benchmarking
  7.8.4 Strategic initiatives
7.9 Cognizant
  7.9.1 Company overview
  7.9.2 Financial performance
  7.9.3 Product benchmarking
7.10 Ingenico Group
  7.10.1 Company overview
  7.10.2 Financial performance
  7.10.3 Product benchmarking
  7.10.4 Strategic initiatives
7.11 Broadcom
  7.11.1 Company overview
  7.11.2 Financial performance
  7.11.3 Product benchmarking
  7.11.4 Strategic initiatives
7.12 Fiserv, Inc. (First Data Corporation)
  7.12.1 Company overview
  7.12.2 Financial performance
  7.12.3 Product benchmarking
  7.12.4 Strategic initiatives
7.13 Intel Corporation
  7.13.1 Company overview
  7.13.2 Financial performance
  7.13.3 Product benchmarking
7.14 VeriFone, Inc.
  7.14.1 Company overview
  7.14.2 Product benchmarking
7.15 Digimarc Corporation
  7.15.1 Company overview
  7.15.2 Financial performance
  7.15.3 Product benchmarking
7.16 Reflexis Systems, Inc.
  7.16.1 Company overview
  7.16.2 Financial performance
  7.16.3 Product benchmarking
  7.16.4 Strategic initiatives
7.17 Mi9 Retail
  7.17.1 Company overview
  7.17.2 Financial performance
  7.17.3 Product benchmarking
  7.17.4 Strategic initiatives
7.18 AWM SMART SHELF
  7.18.1 Company overview
  7.18.2 Product benchmarking
  7.18.3 Strategic initiatives
7.19 Stockwell AI, Inc.
  7.19.1 Company overview
  7.19.2 Product benchmarking

List Of Tables

LIST OF TABLES

TABLE 1 Hardware market, 2016 - 2027 (USD million)
TABLE 2 Software market, 2016 - 2027 (USD million)
TABLE 3 Visual marketing market, 2016 - 2027 (USD million)
TABLE 4 Smart label market, 2016 - 2027 (USD million)
TABLE 5 Smart payment system market, 2016 - 2027 (USD million)
TABLE 6 Intelligent system market, 2016 - 2027 (USD million)
TABLE 7 Others market, 2016 - 2027 (USD million)
TABLE 8 Asia Pacific smart retail market, by country, 2016 - 2027 (USD Million)
TABLE 9 Asia Pacific smart retail market, by solution, 2016 - 2027 (USD Million)
TABLE 10 Asia Pacific smart retail market, by application, 2016 - 2027 (USD Million)
TABLE 11 China smart retail market, by solution, 2016 - 2027 (USD Million)
TABLE 12 China smart retail market, by application, 2016 - 2027 (USD Million)
TABLE 13 Japan smart retail market, by solution, 2016 - 2027 (USD Million)
TABLE 14 Japan smart retail market, by application, 2016 - 2027 (USD Million)
TABLE 15 India smart retail market, by solution, 2016 - 2027 (USD Million)
TABLE 16 India smart retail market, by application, 2016 - 2027 (USD Million)

List Of Figures

LIST OF FIGURES

Fig. 1 Smart retail market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Asia Pacific smart retail market snapshot, 2019
Fig. 6 Smart retail market: Value chain analysis
Fig. 7 Market driver impact analysis
Fig. 8 Share of payment instrument usage, 2016 - 2018
Fig. 9 Market restraint impact analysis
Fig. 10 Penetration and growth prospect mapping
Fig. 11 Smart Retail Market - Key Company Ranking Analysis, 2018
Fig. 12 Porter’s analysis
Fig. 13 PEST analysis
Fig. 14 Asia Pacific smart retail market: Solution analysis
Fig. 15 Asia Pacific smart retail market: Application analysis
Fig. 16 Smart retail market: Asia Pacific regional analysis