"Smart Strategies, Giving Speed to your Growth Trajectory"

Advanced Shopping Technology Market Size, Share and Analysis By Technology (Beacons, Virtual Reality, Smart Shelves, Retail Apps, Social Media and Showrooming), By Application (Retail, Commercial Advertising, Others (warehouse, etc.)) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106609 | Status : Ongoing

 

KEY MARKET INSIGHTS

Customers' shopping journeys can indeed be enhanced by adopting advanced shopping technology to provide customization and convenience features while they shop. With technical advancements, internet shopping and purchasing via smart mobile devices are becoming more popular. Companies are formulating strategies and implementing new technologies to adapt to customer’s changing pattern.



  • Customers can enter Amazon Go stores, pick up things, and leave without having to queue or check out, and payment is completed instantly using the Amazon Go app. To automate the payment and checkout process, this technology combines computer vision, deep learning, and sensor fusion technologies.


The retail stores are increasingly adopting various advanced technologies to interact, engage, and transact with customers and are making a movement towards a smart environment. These adoptions seem to drive the market in the forecast period. The customers these days don’t want to wait in a long queue and avoid interacting with the cashier thus, propelling the growth of self-check-out technologies. The growth of radio frequency and Bluetooth devices for personalized marketing is also boosting the market.


  • Alibaba, introduced a technology called Fashion AI, using the technology from which customers can virtually try the garments in the fashion retails and the machine, using AI is also capable of suggesting other products using mix-and-match recommendations.


However, the high cost of these technology implementations and maintenance seem to hamper the market growth. Also the lack of awareness about the ease of using these technologies are also restricting the traditional retails and SMEs to deploy them in the stores.

Impact of COVID-19 on the Advanced Shopping Technology Market:


The COVID-19 pandemic has impacted the market in a positive way. The changes made during the pandemic period are expected to be adopted by the retailers for the long term owing to customer’s expectations on safety and also the high investment involved during the procurement of these technologies. The contactless interaction trend has boosted the retail apps or online shopping apps and cashless transactions technologies.  


  • According to NeilsenIQ, more than 15 million new customers in the United States have shopped consumer packaged goods online since March 2020.


Key Insights


The report will cover the following insights-


  • Micro and Macro Economic Indicators

  • Drivers, Restraints, Opportunities, and Trends

  • Impact of COVID-19

  • Business Strategies Adopted by Key Players

  • Consolidated SWOT Analysis of Key Players


Regional Analysis


To gain extensive insights into the market, Request for Customization


North America has the highest market share at present and is expected to dominate the market throughout the forecast period. The presence of key players in this region is one of the major reasons for this region to dominate the market.  Also, lucrative number of consumers and stores use the technologies, boosting the advanced shopping technology market in North America. For instance, according to reports published in January 2022, the U.S. has the highest percentage of online shoppers in the world which is 69% and also has the highest average revenue per online shopper which is USD 1,804.

Asia Pacific and Europe are also witnessing a positive growth for the advanced technologies market. The developing countries in Asia Pacific are in a growing phase for this market and that creates a huge market space for the players. Also, the technologies that are associated with the use of smart devices. The presence of countries such as China, Korea, and Japan, who are the leaders in smart device production, are expected to propel the growth of the market in this region.

Key Players Covered


Some of the prominent players operating in the global advanced shopping technology market are Amazon.com Inc., Google LLC, Procter & Gamble, Toshiba Corporation, Walmart Inc., Intel, Qualcomm, NXP Semiconductors, Texas Instruments, Cypress Semiconductor, Mediatek, Microchip Technology, Renesas Electronics, STMicroelectronics, Huawei Technologies, Nvidia, Advanced Micro Devices, and Samsung Electronics.

Segmentation
















By Technology


By Application


By Geography



  • Beacons

  • Virtual Reality

  • Smart Shelves

  • Retail Apps

  • Social Media and Showrooming




  • Retail

  • Commercial Advertising

  • Others (warehouse, etc.)




  • North America (U.S. and Canada)

  • Europe (Poland, Hungary, Turkey, Spain, Czech Republic, and Rest of Europe)

  • Asia Pacific (India, Thailand, Malaysia, Singapore, South Korea, and Rest of APAC)

  • Middle East & Africa (UAE, South Africa, and Rest of MEA)

  • Latin America (Brazil, Mexico, and Rest of LATAM) 



Key Industry Developments



  • In January 2022 – Zabka Nano became the largest autonomous store chain in Europe after the inauguration of 25 new AI based stores. The computer vision technology incorporated in these stores will facilitate the customer experience was designed in close association with American-based technology company AiFi. These stores deployed several concepts of shopping technologies that would integrate standalone shipping container-inspired stores, traditional brick-and-mortar, and store-within-a-store points of sale concepts.

  • In October 2021 – GoDaddy launched a new Point of Sales (POS) system to assure that it is fully aligned and connected with WooCommerce, an open sourced online retail platform. This enables the retailers to have a common view on both online and offline sales. This technology also helps the retailers to have a track of inventory available for both online customers in warehouses and offline customers in direct stores using a single platform.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Information & Technology Clients
Softbank
Sony
Toshiba
ey
Panasonic
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X