The Latin America, Middle East and Africa Smart Retail Market would witness market growth of 31.1% CAGR during the forecast period (2023-2030).
RFID tags can be automatically scanned concurrently and hold more data than barcode labels, significantly speeding up the automated checkout process. Each barcode label must be laboriously scanned by the customer or retailer one at a time. Additionally, AI's analysis of biometric data enables contactless commerce. The possibility of virus transmission has increased the popularity of contactless commerce. Together, these factors support the growth of the market.
Many merchants, particularly SMEs, need more financial means to support sophisticated business systems. To remain competitive and get consumers back into their shops, there is a growing consensus in the industry that businesses must continue to digitize using IoT devices and concentrate on providing improved shopping experiences. Smart retail innovations are also helping the sector to increase demand, for example, by enabling voice-based purchases of completed items.
The United Arab Emirates, a country with the most significant potential in this area, is concentrating on improving the country's entire retail infrastructure by implementing several cutting-edge digital solutions. The Gulf area has seen considerable infrastructure development; commercial infrastructures are growing swiftly and exponentially yearly. Due to this, the market is anticipated to expand in the area.
The Brazil market dominated the LAMEA Smart Retail Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,785.6 million by 2030. The Argentina market is estimated to grow a CAGR of 31.8% during (2023 - 2030). Additionally, The UAE market would witness a CAGR of 30.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Smart Retail Market, by Application
1.4.2 LAMEA Smart Retail Market, by Solution
1.4.3 LAMEA 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. LAMEA Smart Retail Market by Application
4.1 LAMEA Visual Marketing Market by Country
4.2 LAMEA Intelligent System Market by Country
4.3 LAMEA Smart Payment System Market by Country
4.4 LAMEA Smart Label Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Smart Retail Market by Solution
5.1 LAMEA Hardware Market by Country
5.2 LAMEA Software Market by Country
Chapter 6. LAMEA Smart Retail Market by Country
6.1 Brazil Smart Retail Market
6.1.1 Brazil Smart Retail Market by Application
6.1.2 Brazil Smart Retail Market by Solution
6.2 Argentina Smart Retail Market
6.2.1 Argentina Smart Retail Market by Application
6.2.2 Argentina Smart Retail Market by Solution
6.3 UAE Smart Retail Market
6.3.1 UAE Smart Retail Market by Application
6.3.2 UAE Smart Retail Market by Solution
6.4 Saudi Arabia Smart Retail Market
6.4.1 Saudi Arabia Smart Retail Market by Application
6.4.2 Saudi Arabia Smart Retail Market by Solution
6.5 South Africa Smart Retail Market
6.5.1 South Africa Smart Retail Market by Application
6.5.2 South Africa Smart Retail Market by Solution
6.6 Nigeria Smart Retail Market
6.6.1 Nigeria Smart Retail Market by Application
6.6.2 Nigeria Smart Retail Market by Solution
6.7 Rest of LAMEA Smart Retail Market
6.7.1 Rest of LAMEA Smart Retail Market by Application
6.7.2 Rest of LAMEA 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 LAMEA Smart Retail Market, 2019 - 2022, USD Million
TABLE 2 LAMEA 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 LAMEA Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 7 LAMEA Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 8 LAMEA Visual Marketing Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Visual Marketing Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Intelligent System Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Intelligent System Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Smart Payment System Market by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA Smart Payment System Market by Country, 2023 - 2030, USD Million
TABLE 14 LAMEA Smart Label Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Smart Label Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 19 LAMEA Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 20 LAMEA Hardware Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Hardware Market by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Software Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Software Market by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Smart Retail Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Smart Retail Market by Country, 2023 - 2030, USD Million
TABLE 26 Brazil Smart Retail Market, 2019 - 2022, USD Million
TABLE 27 Brazil Smart Retail Market, 2023 - 2030, USD Million
TABLE 28 Brazil Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 29 Brazil Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 30 Brazil Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 31 Brazil Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 32 Argentina Smart Retail Market, 2019 - 2022, USD Million
TABLE 33 Argentina Smart Retail Market, 2023 - 2030, USD Million
TABLE 34 Argentina Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 35 Argentina Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 36 Argentina Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 37 Argentina Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 38 UAE Smart Retail Market, 2019 - 2022, USD Million
TABLE 39 UAE Smart Retail Market, 2023 - 2030, USD Million
TABLE 40 UAE Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 41 UAE Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 42 UAE Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 43 UAE Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 44 Saudi Arabia Smart Retail Market, 2019 - 2022, USD Million
TABLE 45 Saudi Arabia Smart Retail Market, 2023 - 2030, USD Million
TABLE 46 Saudi Arabia Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 47 Saudi Arabia Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 48 Saudi Arabia Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 49 Saudi Arabia Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 50 South Africa Smart Retail Market, 2019 - 2022, USD Million
TABLE 51 South Africa Smart Retail Market, 2023 - 2030, USD Million
TABLE 52 South Africa Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 53 South Africa Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 54 South Africa Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 55 South Africa Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 56 Nigeria Smart Retail Market, 2019 - 2022, USD Million
TABLE 57 Nigeria Smart Retail Market, 2023 - 2030, USD Million
TABLE 58 Nigeria Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 59 Nigeria Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 60 Nigeria Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 61 Nigeria Smart Retail Market by Solution, 2023 - 2030, USD Million
TABLE 62 Rest of LAMEA Smart Retail Market, 2019 - 2022, USD Million
TABLE 63 Rest of LAMEA Smart Retail Market, 2023 - 2030, USD Million
TABLE 64 Rest of LAMEA Smart Retail Market by Application, 2019 - 2022, USD Million
TABLE 65 Rest of LAMEA Smart Retail Market by Application, 2023 - 2030, USD Million
TABLE 66 Rest of LAMEA Smart Retail Market by Solution, 2019 - 2022, USD Million
TABLE 67 Rest of LAMEA 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 LAMEA Smart Retail Market share by Application, 2022
FIG 6 LAMEA Smart Retail Market share by Application, 2030
FIG 7 LAMEA Smart Retail Market by Application, 2019 - 2030, USD Million
FIG 8 LAMEA Smart Retail Market share by Solution, 2022
FIG 9 LAMEA Smart Retail Market share by Solution, 2030
FIG 10 LAMEA Smart Retail Market by Solution, 2019 - 2030, USD Million
FIG 11 LAMEA Smart Retail Market share by Country, 2022
FIG 12 LAMEA Smart Retail Market share by Country, 2030
FIG 13 LAMEA 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.