The global smart retail market is estimated to grow at a significant rate owing to the growth n integration of technologies such as augmented and virtual reality, IoT, and artificial intelligence. These technologies enhance store operation, improve shopping experience of consumers, and accelerate inventory management. The development of these technologies enable retailers to face competition with online retailers, hence leading to retain the lost market share and customers.
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The report offers a comprehensive overview of the smart retail market, competitive vendor landscape, and growth drivers influencing the global market. It also highlights some of the challenges that the global market could face during the forecast period. The report offers valuable information on the key players which includes company overview, recent updates, innovation and research and development activities conducted by companies for product improvement. This data was further used to estimate the market size through information taken from reliable sources such as white papers, trade journals, news updates, and industry associations.
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The information in this report provides valuable information on the prominent players including company introduction, new launches, and research and development initiatives for product development.
The global smart retail market is influenced by various growth factors which lead to the surge in demand for this market. Predictive equipment maintenance in smart retail market is very useful as it helps in predicting the equipment’s condition and accordingly schedule next maintenance services. In addition to this, the predictive equipment maintenance tool provides equipment support in monitoring and anticipating the future maintenance issues and the power saving so as to keep the food safe. Smart retail coupled with smart transportation helps in the movement of commodities from one place to another.