The North America Smart Retail Market would witness market growth of 26.9% CAGR during the forecast period (2023-2030).
Utilizing smart technology that is created to provide clients with quicker, better, and safer services is at the heart of smart retail. One of the key trends driving the market growth is the expanding use of technologies like virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and the Internet of Things (IoT) to improve the shopping experience for consumers, enable accurate inventory management, and enhance store operations. As technology enables marketers to communicate with customers through their mobile devices, augmented reality is especially revolutionizing the retail sector.
Adopting augmented reality (AR) in marketing aids in fostering customer connections, improving the customer experience, and ultimately boosting revenues. The need for cutting-edge technology is also driven by notable growth in retail establishments across different regions. These developments also allow brick-and-mortar stores to compete successfully with online ones to regain lost market share by luring new clients and keeping the ones they already have.
The highly competitive atmosphere that the retail services sector offers supports robust company operations and inspires innovations that boost productivity and dependability. The National Retail Federation estimates that in 2018, the United States 4.2 million retail enterprises had a combined economic effect of $3.9 trillion. The retail sector in the United States supports more than 52 million jobs and directly employs roughly 32 million people (16.0 percent of the nation's total workforce). The regional market is expected to see substantial development due to the rising popularity of such technologies and the expansion of the region's retail sector.
The US market dominated the North America Smart Retail Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $38,510.2 million by 2030. The Canada market is showcasing a CAGR of 29.8% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 28.6% during (2023 - 2030).
Based on Application, the market is segmented into Visual Marketing, Intelligent System, Smart Payment System, Smart Label, and Others. Based on Solution, the market is segmented into Hardware, and Software. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Smart Retail Market is Projected to reach USD 201.6 Billion by 2030, at a CAGR of 27.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Cisco Systems, Inc, Google LLC (Alphabet Inc.), Honeywell International, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), IBM Corporation, NCR Corporation, NVIDIA Corporation, Intel Corporation, and NXP Semiconductors N.V.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Visual Marketing
- Intelligent System
- Smart Payment System
- Smart Label
- Others
By Solution
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amazon.com, Inc.
- Cisco Systems, Inc
- Google LLC (Alphabet Inc.)
- Honeywell International, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- NCR Corporation
- NVIDIA Corporation
- Intel Corporation
- NXP Semiconductors N.V.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Retail Market, by Application
1.4.2 North America Smart Retail Market, by Solution
1.4.3 North America Smart Retail Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Mergers & Acquisition: 2019, Dec – 2023, May) Leading Players
Chapter 4. North America Smart Retail Market by Application
4.1 North America Visual Marketing Market by Country
4.2 North America Intelligent System Market by Country
4.3 North America Smart Payment System Market by Country
4.4 North America Smart Label Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Smart Retail Market by Solution
5.1 North America Hardware Market by Country
5.2 North America Software Market by Country
Chapter 6. North America Smart Retail Market by Country
6.1 US Smart Retail Market
6.1.1 US Smart Retail Market by Application
6.1.2 US Smart Retail Market by Solution
6.2 Canada Smart Retail Market
6.2.1 Canada Smart Retail Market by Application
6.2.2 Canada Smart Retail Market by Solution
6.3 Mexico Smart Retail Market
6.3.1 Mexico Smart Retail Market by Application
6.3.2 Mexico Smart Retail Market by Solution
6.4 Rest of North America Smart Retail Market
6.4.1 Rest of North America Smart Retail Market by Application
6.4.2 Rest of North America Smart Retail Market by Solution
Chapter 7. Company Profiles
7.1 Amazon.com, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Product Launches and Product Expansions:
7.1.4.3 Acquisition and Mergers:
7.1.5 SWOT Analysis
7.2 Cisco Systems, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Acquisition and Mergers:
7.2.6 SWOT Analysis
7.3 Google LLC (Alphabet Inc.)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.6 SWOT Analysis
7.4 Intel Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Honeywell International, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 IBM Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional & Segmental Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Product Launches and Product Expansions:
7.7.5.2 Acquisition and Mergers:
7.7.6 SWOT Analysis
7.8 NCR Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Acquisition and Mergers:
7.9 NVIDIA Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Acquisition and Mergers:
7.9.6 SWOT Analysis
7.10. NXP Semiconductors N.V.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent strategies and developments:
7.10.5.1 Acquisition and Mergers:
7.10.6 SWOT Analysis
TABLE 1 North America Smart Retail Market, 2019 - 2022, USD Million
TABLE 2 North America Smart Retail Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Retail Market
TABLE 4 Product Launches And Product Expansions– Smart Retail Market
TABLE 5 Acquisition and Mergers– Smart Retail Market
TABLE 6 North America Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 7 North America Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 8 North America Visual Marketing Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Visual Marketing Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Intelligent System Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Intelligent System Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Smart Payment System Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Smart Payment System Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Smart Label Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Smart Label Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 19 North America Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 20 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Smart Retail Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Smart Retail Market by Country, 2023 - 2030, USD Million
TABLE 26 US Smart Retail Market, 2019 - 2022, USD Million
TABLE 27 US Smart Retail Market, 2023 - 2030, USD Million
TABLE 28 US Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 29 US Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 30 US Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 31 US Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 32 Canada Smart Retail Market, 2019 - 2022, USD Million
TABLE 33 Canada Smart Retail Market, 2023 - 2030, USD Million
TABLE 34 Canada Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 35 Canada Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 36 Canada Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 37 Canada Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 38 Mexico Smart Retail Market, 2019 - 2022, USD Million
TABLE 39 Mexico Smart Retail Market, 2023 - 2030, USD Million
TABLE 40 Mexico Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 41 Mexico Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 42 Mexico Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 43 Mexico Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 44 Rest of North America Smart Retail Market, 2019 - 2022, USD Million
TABLE 45 Rest of North America Smart Retail Market, 2023 - 2030, USD Million
TABLE 46 Rest of North America Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 47 Rest of North America Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 48 Rest of North America Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 49 Rest of North America Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 50 Key Information – Amazon.com, Inc.
TABLE 51 Key Information – Cisco Systems, Inc.
TABLE 52 Key Information – Google LLC
TABLE 53 Key Information – Intel Corporation
TABLE 54 Key Information – Honeywell International, Inc.
TABLE 55 key information – Huawei Technologies Co., Ltd.
TABLE 56 Key information – IBM Corporation
TABLE 57 Key Information – NCR Corporation
TABLE 58 Key Information – NVIDIA Corporation
TABLE 59 Key Information – NXP Semiconductors N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Mergers & Acquisition : 2019, Dec – 2023, May) Leading Players
FIG 5 North America Smart Retail Market share by Application, 2022
FIG 6 North America Smart Retail Market share by Application, 2030
FIG 7 North America Smart Retail Market by Application, 2019 - 2030, USD Million
FIG 8 North America Smart Retail Market share by Solution, 2022
FIG 9 North America Smart Retail Market share by Solution, 2030
FIG 10 North America Smart Retail Market by Solution, 2019 - 2030, USD Million
FIG 11 North America Smart Retail Market share by Country, 202
FIG 12 North America Smart Retail Market share by Country, 2030
FIG 13 North America Smart Retail Market by Country, 2019 - 2030, USD Million
FIG 14 Recent strategies and developments: Amazon.com, Inc.
FIG 15 SWOT Analysis: Amazon.com, Inc.
FIG 16 Recent strategies and developments: Cisco Systems, Inc.
FIG 17 SWOT Analysis: Cisco Systems, Inc.
FIG 18 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 19 SWOT Analysis: Intel corporation
FIG 20 Swot Analysis: Honeywell International, Inc.
FIG 21 Recent strategies and developments: IBM Corporation
FIG 22 Swot Analysis: IBM Corporation
FIG 23 SWOT Analysis: NVIDIA Corporation
FIG 24 Swot Analysis: NXP Semiconductors N.V.