Dublin, Aug. 17, 2023 (GLOBE NEWSWIRE) -- The "Global Smart Shopping Cart Market by Technology (Bar Codes, RFIDs, ZigBee), Mode of Sales (Direct, Distributor), Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Shopping Cart Market size was estimated at USD 1.39 billion in 2022, USD 1.76 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 27.48% to reach USD 9.74 billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as the forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Market Dynamics
Drivers
- Transforming Retail Shopping Experience, Mass Merchandising, and Other Retail Applications by Deploying Self-Service Assistant
- Increasing Demand for In-Store Advertising And Communications Systems in Cart Display Devices
Restraints
- High Cost of Smart Carts and Reluctance of Adoption Among Retailers
Opportunities
- IoT, ML, and AI Integration in the Development of Smart Shopping Carts
- Runtime Offers/Promotions and Multi-Payment Modes
Challenges
- Patent Envisions and Privacy & Security Concerns
Market Segmentation & Coverage:
- Based on Technology, the market is studied across Bar Codes, RFIDs, and ZigBee. ZigBee commanded the largest market share of 35.46% in 2022, followed by RFIDs.
- Based on Mode of Sales, the market is studied across Direct and Distributor. Direct commanded the largest market share of 86.27% in 2022, followed by Distributor.
- Based on Application, the market is studied across Shopping Malls and supermarkets. Shopping Malls commanded the largest market share of 67.46% in 2022, followed by supermarkets.
- The Americas commanded the largest market share of 36.54% in 2022, followed by Europe, Middle East & Africa.
The report answers questions such as:
- What is the market size and forecast of the Global Smart Shopping Cart Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Shopping Cart Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Shopping Cart Market?
- What is the competitive strategic window for opportunities in the Global Smart Shopping Cart Market?
- What are the technology trends and regulatory frameworks in the Global Smart Shopping Cart Market?
- What is the market share of the leading vendors in the Global Smart Shopping Cart Market?
- What modes and strategic moves are considered suitable for entering the Global Smart Shopping Cart Market?
Competitive Portfolio:
- AiFi Inc.
- Caper Inc.
- Cart Technologies, LLC
- Cust2mate Ltd.
- Focal Systems Inc.
- Fujitsu Limited
- Grabango Co.
- IMAGR Limited
- International Business Machines Corporation
- Microsoft Corporation
- Mitsui & Co., Ltd.
- Pentland Firth Software GmbH
- Retail AI, Inc.
- SAP SE
- SK Telecom Co., Ltd.
- Smart Cart (Pty) Ltd.
- Standard Cognition, Corp.
- Tracxpoint, Inc.
- V-Mark Enterprise Limited
- Veeve Inc.
- Walmart Inc.
- Wanzl India Pvt Ltd.
- ZooZ by PayU Company
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.76 Billion |
| Forecasted Market Value (USD) by 2030 | $9.74 Billion |
| Compound Annual Growth Rate | 27.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/5bux2y
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