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(Transportation-News.com, February 24, 2017 ) According to a new market research report "Retail Automation Market by Product Type (Physical Electronic POS and Unattended Terminal), Industry Vertical (Food/Non-food, Oil & Gas, Transport & Logistics, Healthcare & Personal Care, and Hospitality), & Geography - Analysis & Forecast to 2014 - 2020", the total retail automation market was valued at $93.04 billion in 2013 and is expected to reach $275.43 billion by 2020, at a CAGR of 16.7% between 2014 and 2020.
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The concept of retail automation has been in existence for a long time and has witnessed profound growth in the last five years. The stringent regulations being imposed by the governments augmented by the increasing need to save costs by retailers are the primary factors contributing to the growth of this market. The growing awareness of wireless technologies and the developments towards the integration of such technologies with retail automation products is expected to propel the market in the future.
The report’s detailed segmentation by product type, by industry vertical, and by geography covers the overall retail automation market.
The objective of the research study was to analyze the market trends for each of the product type, the growth rates of various products, and their comparison with other products.
Apart from the market segmentation, the report also covers Porter’s five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the overall retail automation market.
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Source: EmailWire.Com 
Source: EmailWire.com
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