The Europe Smart Retail Market would witness market growth of 27.3% CAGR during the forecast period (2023-2030).
Platforms for handheld RFID inventory management will boost revenues, enable rapid and effective replenishing of goods, and enhance customer experience. The use of RFID technology in retail markets in support of the Omnichannel strategy responds to consumers' evolving purchasing preferences.
With the help of RFID technology, lost goods from the sales platform may be tracked. An RFID inventory solution offers greater product visibility and improves inventory management effectiveness. At a time when shops are aggressively competing, RFID technology is also employed to save costs and preserve efficiency. Retailers may increase product availability to aid in sales conversion by minimizing out-of-stock and overstock instances.
The most significant percentage of foreign merchants, the UK is one of the top retail marketplaces in Europe. The retail industry has shown resilience, with revenues expected to exceed £403 billion in 2020. The UK provides various investment options since it has one of the biggest retail markets in Europe. The world's richest consumers spend the most significant average expenditure of any European nation, who spend over £29,000 annually in UK retailers. The market is anticipated to expand in the area due to the region's thriving retail sector and increased acceptance of digital technology.
The Germany market dominated the Europe Smart Retail Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,676.5 million by 2030. The UK market is experiencing a CAGR of 26.2% during (2023 - 2030). Additionally, The France market would display a CAGR of 28.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Smart Retail Market, by Application
1.4.2 Europe Smart Retail Market, by Solution
1.4.3 Europe 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. Europe Smart Retail Market by Application
4.1 Europe Visual Marketing Market by Country
4.2 Europe Intelligent System Market by Country
4.3 Europe Smart Payment System Market by Country
4.4 Europe Smart Label Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Smart Retail Market by Solution
5.1 Europe Hardware Market by Country
5.2 Europe Software Market by Country
Chapter 6. Europe Smart Retail Market by Country
6.1 Germany Smart Retail Market
6.1.1 Germany Smart Retail Market by Application
6.1.2 Germany Smart Retail Market by Solution
6.2 UK Smart Retail Market
6.2.1 UK Smart Retail Market by Application
6.2.2 UK Smart Retail Market by Solution
6.3 France Smart Retail Market
6.3.1 France Smart Retail Market by Application
6.3.2 France Smart Retail Market by Solution
6.4 Russia Smart Retail Market
6.4.1 Russia Smart Retail Market by Application
6.4.2 Russia Smart Retail Market by Solution
6.5 Spain Smart Retail Market
6.5.1 Spain Smart Retail Market by Application
6.5.2 Spain Smart Retail Market by Solution
6.6 Italy Smart Retail Market
6.6.1 Italy Smart Retail Market by Application
6.6.2 Italy Smart Retail Market by Solution
6.7 Rest of Europe Smart Retail Market
6.7.1 Rest of Europe Smart Retail Market by Application
6.7.2 Rest of Europe 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 Europe Smart Retail Market, 2019 - 2022, USD Million
TABLE 2 Europe 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 Europe Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 7 Europe Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 8 Europe Visual Marketing Market by Country, 2019 - 2022, USD Million
TABLE 9 Europe Visual Marketing Market by Country, 2023 - 2030, USD Million
TABLE 10 Europe Intelligent System Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Intelligent System Market by Country, 2023 - 2030, USD Million
TABLE 12 Europe Smart Payment System Market by Country, 2019 - 2022, USD Million
TABLE 13 Europe Smart Payment System Market by Country, 2023 - 2030, USD Million
TABLE 14 Europe Smart Label Market by Country, 2019 - 2022, USD Million
TABLE 15 Europe Smart Label Market by Country, 2023 - 2030, USD Million
TABLE 16 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 17 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 18 Europe Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 19 Europe Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 20 Europe Hardware Market by Country, 2019 - 2022, USD Million
TABLE 21 Europe Hardware Market by Country, 2023 - 2030, USD Million
TABLE 22 Europe Software Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe Software Market by Country, 2023 - 2030, USD Million
TABLE 24 Europe Smart Retail Market by Country, 2019 - 2022, USD Million
TABLE 25 Europe Smart Retail Market by Country, 2023 - 2030, USD Million
TABLE 26 Germany Smart Retail Market, 2019 - 2022, USD Million
TABLE 27 Germany Smart Retail Market, 2023 - 2030, USD Million
TABLE 28 Germany Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 29 Germany Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 30 Germany Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 31 Germany Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 32 UK Smart Retail Market, 2019 - 2022, USD Million
TABLE 33 UK Smart Retail Market, 2023 - 2030, USD Million
TABLE 34 UK Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 35 UK Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 36 UK Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 37 UK Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 38 France Smart Retail Market, 2019 - 2022, USD Million
TABLE 39 France Smart Retail Market, 2023 - 2030, USD Million
TABLE 40 France Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 41 France Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 42 France Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 43 France Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 44 Russia Smart Retail Market, 2019 - 2022, USD Million
TABLE 45 Russia Smart Retail Market, 2023 - 2030, USD Million
TABLE 46 Russia Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 47 Russia Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 48 Russia Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 49 Russia Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 50 Spain Smart Retail Market, 2019 - 2022, USD Million
TABLE 51 Spain Smart Retail Market, 2023 - 2030, USD Million
TABLE 52 Spain Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 53 Spain Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 54 Spain Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 55 Spain Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 56 Italy Smart Retail Market, 2019 - 2022, USD Million
TABLE 57 Italy Smart Retail Market, 2023 - 2030, USD Million
TABLE 58 Italy Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 59 Italy Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 60 Italy Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 61 Italy Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 62 Rest of Europe Smart Retail Market, 2019 - 2022, USD Million
TABLE 63 Rest of Europe Smart Retail Market, 2023 - 2030, USD Million
TABLE 64 Rest of Europe Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 65 Rest of Europe Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 66 Rest of Europe Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 67 Rest of Europe Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 68 Key Information – Amazon.com, Inc.
TABLE 69 Key Information – Cisco Systems, Inc.
TABLE 70 Key Information – Google LLC
TABLE 71 Key Information – Intel Corporation
TABLE 72 Key Information – Honeywell International, Inc.
TABLE 73 key information – Huawei Technologies Co., Ltd.
TABLE 74 Key information – IBM Corporation
TABLE 75 Key Information – NCR Corporation
TABLE 76 Key Information – NVIDIA Corporation
TABLE 77 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 Europe Smart Retail Market share by Application, 2022
FIG 6 Europe Smart Retail Market share by Application, 2030
FIG 7 Europe Smart Retail Market by Application, 2019 - 2030, USD Million
FIG 8 Europe Smart Retail Market share by Solution, 2022
FIG 9 Europe Smart Retail Market share by Solution, 2030
FIG 10 Europe Smart Retail Market by Solution, 2019 - 2030, USD Million
FIG 11 Europe Smart Retail Market share by Country, 2022
FIG 12 Europe Smart Retail Market share by Country, 2030
FIG 13 Europe 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.