Portland, OR -- (SBWIRE) -- 07/28/2017 -- The use of control systems in equipments of a retail store to atomize the functions of retail store is referred to automation in retail. Various technologies such as automatic vending machines, POS (point of sales), automated retail kiosks and many more are being used presently. The benefits of using automated equipment in the retail stores enlist efficient store management, inventory control and its enhanced customer relationship. The goal of this report is to determine the current and future trend in the market, which can help the organizations to opt for this technology. The study covers an in-depth analysis of market potential of all key industrial applications.

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The market focus has shifted from the manufacturers to the customers over past few years. The need for customer satisfaction is rapidly rising. This change in business trends is one of the major driving forces of the automated retail market. Secondly, automation in retail helps the vendors for easy management. The cost of the equipment is the only and major limiting factor of the automated retail market. High tech kiosks with touch screen systems are the most recent innovations that are gaining popularity presently. Here lies opportunity for touch screen automated products and devices, which have the capability of ruling the automated retail market.

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High level Analysis

Porter's five forces model and SWOT analysis provides an overview of the automated retail market. The bargaining power of the buyer is relatively high, as the sellers are less concentrated over the buyers. The low concentration of the buyers leads to the weak bargaining power of the supplier. Additionally, the functional performance of the products offered by the suppliers show a great resemblance and hence, the switching cost for the buyer becomes low and the buyer becomes price sensitive.

The threat of the substitutes remain low due to the under performance of the substitute products over the industry specific products. The intensity of rivalry is high due to the presence of numerous competitors in the industry.

KEY DELIVERABLES

The global automated retail market is segmented into product, technology and geography.

MARKET BY PRODUCT

Point of Sale (POS)
- Kiosks
- Barcode Reader
- Self check Out Systems
- Cash Register
- Bill/Receipt Printer
- Card Reader

Supply Chain
- Electronic Shelf Label
- Belt Conveyer
- Logistics Equipments

MARKET BY TECHNOLOGY

- CAD (Computer Aided Designing)
- NCD (Numerically Controlled Devices)
- Robots
- Information Technology

MARKET BY GEOGRAPHY

- North America
- Europe
- Asia pacific
- LAMEA