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Retail Automation Market size is set to grow by USD 11.95 billion from 2024-2028, High adoption of contactless payment solutions to boost the market growth, Technavio

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NEW YORK, July 8, 2024 /PRNewswire/ — The global retail automation market  size is estimated to grow by USD 11.95 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.87%  during the forecast period.  High adoption of contactless payment solutions is driving market growth, with a trend towards emergence of big data management. However, privacy and security concerns  poses a challenge. Key market players include Datalogic SpA, Diebold Nixdorf Inc., ek robotics GmbH, FAMETECH INC., Fiserv Inc., Fujitsu Ltd., Grey Orange Pte. Ltd., Honeywell International Inc., iFuture Robotics, Infoplus Commerce, MIDEA Group Co. Ltd., Napse, NCR Voyix Corp., Posiflex Technology Inc., Pricer AB, Sea Point China Ltd., Simbe Robotics Inc., Toshiba Corp., Vinculum Solutions Pvt. Ltd., and Zebra Technologies Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Point-of-sale, Barcode and RFID, Camera, and Others), End-user (Supermarkets, Hypermarkets, Single item stores, Fuel stations, and Retail pharmacies), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

Datalogic SpA, Diebold Nixdorf Inc., ek robotics GmbH, FAMETECH INC., Fiserv Inc., Fujitsu Ltd., Grey Orange Pte. Ltd., Honeywell International Inc., iFuture Robotics, Infoplus Commerce, MIDEA Group Co. Ltd., Napse, NCR Voyix Corp., Posiflex Technology Inc., Pricer AB, Sea Point China Ltd., Simbe Robotics Inc., Toshiba Corp., Vinculum Solutions Pvt. Ltd., and Zebra Technologies Corp.

Key Market Trends Fueling Growth

Retail automation is set to experience significant growth due to the increasing adoption of cloud-based solutions. This shift allows merchants to integrate more back-end software in the cloud, enabling seamless access to customer and product data across multiple platforms. Compatible retail automation solutions are essential for managing large volumes of data, capturing demographics, payment preferences, and buying behavior. Incorporating Point of Sale (POS) systems in retail offers several advantages. Merchants can gain insights into consumer behavior with in-store products, empower associates with customer profile data, engage customers throughout their visit, and offer creative loyalty reward programs. These benefits will drive the expansion of the global retail automation market during the forecast period. 

Retail automation is a growing trend in the industry, with Artificial Intelligence (AI) leading the way. AI in retail is revolutionizing demand forecasting through predictive data, enhancing customer experiences with personalized campaigns, and improving supply chain management. Interactive chat programs and logistics management systems streamline operations, while barcode & RFID technology and automated conveyor systems optimize retailers’ inventory, staffing, distribution, and delivery schedules. Automation technology, including robotics in warehouses and fulfillment centers, boosts organizational efficiency. Retailers must also prioritize cybersecurity threats in their automation strategies. Point-of-sale (POS) systems, department shops, and single item stores, from fuel stations to retail pharmacies and e-commerce warehouses, all benefit from retail automation software and machine learning (ML). Robotics process automation and cloud-based POS software further enhance operational workflows. 

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Market Challenges

The retail automation market faces significant challenges related to consumer data privacy and security. With the rise of e-commerce and m-commerce, there are concerns about the safety of financial data during online transactions. Identity theft and breaches in personal bank accounts pose substantial risks. Additionally, the collection and use of customer data for marketing purposes can infringe on privacy. Mobile service providers gather data through cookies for customized advertising, but this practice raises concerns about customer consent and control over their personal information. Location-based services also require geo-based information, adding to privacy concerns. Mastercard Inc.’s USD250 million commitment to help small businesses with identity theft protection and cybersecurity assessments is a positive step towards addressing these challenges. However, the risks of unauthorized access to financial data continue to discourage users from using retail automation for transactions. These privacy and security concerns may hinder the growth of the global retail automation market during the forecast period.Retail automation is transforming the way retailers manage their operations, from e-commerce warehouses to in-store segments. Automation technology, including robotics and artificial intelligence (AI), is streamlining supply chain management and improving organizational efficiency. Retailers are adopting automation software for tasks like inventory scanning and self-checkout systems. E-commerce sector challenges, such as cybersecurity threats, are driving the need for advanced technology solutions. E-commerce warehouses utilize autonomous systems for warehouse storage and inventory management. Robotics process automation and machine learning (ML) are key tools in this area. In the retail environment, point-of-sale (POS) systems, like Markt POS and cloud-based POS software, are being upgraded with AI capabilities. Retail giants are investing in automation systems to enhance customer experience and adapt to changing consumer preferences. Challenges in the in-store segment, such as omnichannel retailing and self-checkout systems, are being addressed through the use of autonomous guided vehicles and autonomous mobile robotics. The camera segment and supermarket segment are also seeing significant advancements in automation technology. The economic growth and individual spending capacities are fueling the adoption of retail automation. However, challenges persist, including the need for application programming interfaces and the integration of hardware and software solutions. Cybersecurity threats remain a concern, with retailers requiring robust security measures to protect their data. In conclusion, retail automation is a critical component of the retail landscape, addressing challenges in e-commerce warehouses, supply chain management, and in-store operations. With the continued advancement of technology, retailers will continue to find innovative ways to improve their operational workflows and provide a seamless shopping experience for consumers.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This retail automation market report extensively covers market segmentation by

Type 1.1 Point-of-sale1.2 Barcode and RFID1.3 Camera1.4 OthersEnd-user 2.1 Supermarkets2.2 Hypermarkets2.3 Single item stores2.4 Fuel stations2.5 Retail pharmaciesGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Point-of-sale-  Point-of-Sale (POS) systems are essential components in retail transactions, combining hardware and software to manage sales, payments, and customer information. Compared to traditional cash registers, POS automation offers numerous advantages, such as improved inventory management, efficient reporting, and enhanced customer experience. With the ability to store and share sales data, POS systems save time and increase accuracy. Fixed POS terminals have become a common feature in large retail stores, fueling the growth of the retail automation market. The convenience and high return on investment of POS systems, along with their wide range of applications including bill printing and payment processing, further boost market expansion.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Retail Automation Market is experiencing significant growth due to the increasing adoption of automation technology in the retail sector. E-commerce warehouses are leveraging automation to streamline their operations, from inventory scanning systems to autonomous mobile robots and autonomous guided vehicles. In the retail environment, automation is transforming Point-of-Sale (POS) systems, with cloud-based POS software and self-checkout systems becoming increasingly popular. Machine Learning (ML) and Artificial Intelligence (AI) are also playing a crucial role in retail automation, optimizing supply chain management and improving organizational efficiency. The in-store segment is also benefiting from automation, with robotics process automation and autonomous systems enhancing retail operational workflows. The E-commerce sector and Omnichannel retailing are major drivers of the retail automation market, with the Internet of Things and Application Programming Interface (API) enabling seamless integration between different systems. However, as retailers adopt more automation, cybersecurity threats become a growing concern, requiring robust security measures to protect sensitive customer and financial data.

Market Research Overview

Retail automation is transforming the retail industry by streamlining operations and enhancing customer experiences. E-commerce warehouses are leveraging automation technology, such as robotics process automation, artificial intelligence (AI), and machine learning (ML), for efficient supply chain management. Retailers in various segments, including department shops, supermarkets, hypermarkets, and single item stores, are adopting automation systems for inventory management, demand forecasting, and predictive data analysis. Automation is also making strides in the in-store segment, with self-checkout systems, interactive chat programs, and autonomous guided vehicles becoming commonplace. Retail operational workflows are being optimized through the use of cloud-based POS software, IoT devices, and APIs. Cybersecurity threats are a concern as retailers adopt more technology, but retail automation software providers are addressing these challenges with robust security measures. Retail giants and individual retailers alike are investing in automation tools and technology solutions to improve organizational efficiency, meet changing consumer preferences, and adapt to economic growth. Warehouse and inventory management are key areas of focus, with the implementation of inventory-scanning systems, autonomous mobile robotics, and automated conveyor systems. Logistics management systems are also being automated to optimize staffing, distribution, and delivery schedules. Barcode & RFID technology, warehouse robotics, and on-premises automation are also playing a significant role in retail automation. Fuel stations and retail pharmacies are also adopting automation technology to enhance their operations. Overall, retail automation is revolutionizing the retail industry, from the warehouse to the point-of-sale.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypePoint-of-saleBarcode And RFIDCameraOthersEnd-userSupermarketsHypermarketsSingle Item StoresFuel StationsRetail PharmaciesGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Elitery Earns 2024 Great Place To Work Certification™ Indonesia: Building Trust Through a Positive Workplace Culture

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JAKARTA, Indonesia, Jan. 6, 2025 /PRNewswire/ — Elitery, a leading IT managed services provider in Indonesia, is proud to announce its official recognition as a  Great Place to Work Certified™ for the period of December 2024 to December 2025. This prestigious recognition is based on direct feedback from employees. An impressive 91% of employees stated that Elitery is a great place to work — surpassing global standards and highlighting Elitery’s commitment to fostering an exceptional workplace culture.

Great Place To Work® is the global authority on workplace culture, employee experience, and leadership behaviors proven to drive revenue, employee retention, and innovation.

“We are thrilled to receive this recognition,” said Kresna Adiprawira, President Director of Elitery. “At Elitery, we do more than manage technology infrastructure. We build careers, foster connections, and nurture an inspiring work culture. This achievement reflects our belief that when our people thrive, success naturally follows.”

The GPTW assessment is a comprehensive measurement of employee trust in the company’s future, while also focusing on the core elements that define a great workplace. These include Credibility, which refers to employees’ trust in the company’s management and leadership; Respect, which highlights the appreciation shown by the company towards its employees; Fairness, where all employees are treated equally and without bias, regardless of their role or background; Pride, reflecting how employees feel a deep sense of accomplishment and joy in being part of Elitery; and Camaraderie, which underlines the strong sense of connection, support, and teamwork that flourishes among employees.

The survey results reveal a high level of satisfaction among Elitery employees, further amplified by the company’s progressive work-from-anywhere culture. By offering flexibility to work from any location, Elitery ensures employees maintain a healthy work-life balance, fostering an environment that supports both productivity and personal growth.

This milestone crowns an extraordinary year for Elitery.  In 2024, the company launched Elipedia, a product designed to empower knowledge sharing and streamline IT solutions for businesses. Elitery also made history by becoming the first Google Cloud Partner Managed Service Provider (MSP) in Indonesia, showcasing its leadership in delivering world-class cloud services. Further solidifying its expertise, Elitery earned the Google Cloud Public Sector Partner of the Year Award 2024 – Asia Pacific, in recognition of its significant contributions in advancing cloud adoption and innovation across the public sector.

In addition, Elitery made a strategic leap by becoming the first Managed Security Services Provider (MSSP) to partner with Google Cloud Security in Indonesia, expanding its offerings to provide comprehensive security solutions. Elitery’s commitment to enhancing both customer and employee experiences was also honored with the Indonesia Best CX-EX Strategy Award 2024 from SWA, highlighting the company’s success in this critical area.

At Elitery, success begins with people. The combination of a supportive and flexible workplace, significant opportunities for professional development, and recognition for employee contributions has created a culture where individuals thrive and innovation flourishes. Elitery believes that by empowering its employees, the company is able to unlock the full potential of technology and deliver meaningful impact for businesses and society.

About Elitery

Founded in 2011, PT Data Sinergitama Jaya, Tbk (later known as “Elitery”) is an IT-managed service company that focuses on cloud and cybersecurity services. With a good corporate reputation, Elitery is trusted by world-class cloud services providers, such as Google Cloud as a go-to-market partner in Indonesia.

Since 2011, Elitery has handled many mission-critical systems accessed by tens of millions of users daily. Customers from various sectors, both private and government, have also trusted Elitery. Equipped with the experience and competence that Elitery has, Elitery is confident that it can become a trusted partner for your organization’s digital transformation.

Elitery’s commitment to excellence is reflected in its continuous efforts to stay at the forefront of technology trends and advancements. By participating in initiatives like the MSSP, Elitery demonstrates its dedication to enhancing its service offerings and providing clients with cutting-edge solutions that address their security and IT management needs.

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SOURCE Elitery

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Audio Foundry Unveils at CES 2025: Primax-Tymphany Group Drives Innovation in Smart Vehicle Technology

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Enhancing in-car experiences with one-stop integrated audio, vision, and HMI solutions for next-generation vehicles.

TAIPEI, Jan. 5, 2025 /PRNewswire/ — Primax Group, comprising Primax Electronics and Tymphany, will showcase groundbreaking solutions at CES 2025 through Audio Foundry, an automotive audio technology collaborative initiated by Tymphany. The group will present its next-generation, integrated audio-vision-HMI solutions, highlighting its cutting-edge X-IN-1 Sensory Fusion technology at the Audio Foundry booth (#6510) in the Las Vegas Convention Centre’s West Hall. This collaboration emphasizes the synergy between Primax’s advanced vision technologies, Tymphany’s audio expertise, and the unified capabilities within Audio Foundry to drive innovation in the automotive industry.

Primax Electronics redefines vision technology by expanding beyond traditional camera modules, offering high-resolution imaging, wide-angle functionality, and enhanced low-light performance. These technologies enable applications such as Advanced Driver Assistance Systems (ADAS), Camera Monitoring Systems (CMS), and Driver Monitoring Systems (DMS), ensuring precise detection and seamless integration with vehicle systems. Additionally, Primax brings innovations like specialized Qi wireless charging to the automotive space, highlighting the company’s leadership in interface technology. 

“This collaboration showcases the strength of our group’s synergy, combining Primax’s leading vision technology with Tymphany’s audio expertise to create unified solutions that will set new standards for the automotive industry,” said Joe Chu, General Manager of Business Operation at Primax. “By integrating safety-focused imaging systems with superior audio solutions, we will deliver experiences that go beyond traditional boundaries.”

Tymphany complements Primax’s efforts with its expertise in premium audio systems, including system design, moving mechanics, transducers, and amplifiers. These advancements enable immersive soundscapes that enhance both entertainment and safety, showcasing the co-operation between vision, interface and audio in modern vehicles. Together, Primax and Tymphany will create a unified platform that sets a new benchmark for user-centric design and functionality.

“Our strategy has always been to pioneer new technologies and redefine audio experiences in vehicles,” said Phil McPhee, Chief Product Officer at Tymphany. “The introduction of removable portable audio systems marks a significant milestone, and this collaboration with Primax will further strengthen our aptitude to innovate and create unique audio-vision experiences.”

Beyond product innovation, the Primax Tymphany Group will leverage its partnerships with Tier-1 suppliers and global automotive brands to fast-track the adoption of its technologies across diverse markets. As members of the Audio Foundry, the group will also engage with other ecosystem players to explore new opportunities and refine integrated solutions that push the limitations of what’s possible in audio-vision technology.

This collaboration emphasizes the Primax Tymphany Group’s vision to lead the industry in developing solutions that merge advanced technology with practical functionality. By delivering unparalleled integration of vision, audio, and interface systems, the Primax Tymphany Group will solidify its role as a driving force behind next-generation automotive innovations and experiences.

About Primax Electronics
Primax Electronics is a leading integrated solution supplier with best-in-class solutions for information products, smart lifestyle and auto/AIoT products. Our product applications expand into pubic/community safety and auto electronics segments. Primax is uniquely positioned with its “X-IN-1 Sensory Fusion” strategy by providing customers with a one-stop shop integration of interface, vision and acoustic technologies. Primax has been the best business partner for global brands by offering exceptional mechanical and electronic engineering services, strong integration capabilities and total solutions with its wide array of technologies. Visit www.primax.com.tw/en/ for more information.

About Tymphany
Tymphany is a renowned audio design and manufacturing powerhouse that specializes in consumer audio, professional audio, conference systems, automotive audio, and component business. The company’s unique X-IN-1 holistic design approach, integrates transducer, amplifier, DSP/software, acoustic system design and mechanical solutions to create best-in-class audio systems. With vertically integrated R&D and manufacturing facilities spanning Europe, the USA, and Asia, 6000 highly skilled employees, and 700 engineers, Tymphany continuously pushes the edge of technology to remain at the forefront of the industry. Visit www.tymphany.com/index.html for more information.

About Audio Foundry
The Audio Foundry is a technology collaborative, empowering members to bring disruptive ideas to life in automotive audio and acoustics.  Headquartered in Wales, United Kingdom, the Audio Foundry hosts a member alliance and fully equipped makerspaces staffed by experienced engineers and support team members. Founded in 2023, the Audio Foundry serves as an experimental retreat for OEMs, component manufacturers, and technology providers across the value chain. The Audio Foundry is dedicated to the discovery of novel technologies and experiences that enhance the automotive audio ecosystem. Visit www.audio-foundry.com for more information.

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SOURCE Primax Electronics

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Amorepacific Named CES 2025 Innovation Award Honoree

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Generative AI-based makeup application captures company’s sixth consecutive win at CES
Also unveils new technology with Samsung Electronics, along with latest makeON skincare device

LAS VEGAS, Jan. 6, 2025 /PRNewswire/ — Amorepacific has been named a CES 2025 Innovation Award Honoree for its generative AI-based makeup application, ‘WANNA-BEAUTY AI.’ This marks the company’s sixth consecutive CES Innovation Award recognition. In addition to the award-winning application, Amorepacific will be showcasing its latest beauty technologies at this year’s events – including the ‘AI Skin Analysis & Care Solution,’ which will be unveiled in Samsung Electronics’ ‘MICRO LED Beauty Mirror,’ and a new skincare device from its beauty device brand makeON.

‘WANNA-BEAUTY AI,’ an Innovation Award Honoree in the AI category, is a voice-activated chatbot application that leverages generative AI to help customers discover their ideal makeup looks and experience personalized virtual try-ons. The application first analyzes skin tone, facial features, and proportions with user photos. The AI solution, trained with data from makeup artists, then offers makeup recommendations and virtual try-ons. Users can also virtually try on someone else’s makeup on their faces, all done conveniently through a voice consultation interface.

The patented solution, developed to provide tailored makeup for individual customers, incorporates Amorepacific’s image diagnosis technology and the AI image generation technology co-developed with KAIST. ‘WANNA-BEAUTY AI’ will be showcased at the Venetian Expo Innovation Awards Showcase.

Amorepacific will also unveil its latest beauty technologies at CES. The company’s proprietary technology ‘AI Skin Analysis & Care Solution’ will be incorporated into Samsung Electronics’ ‘MICRO LED Beauty Mirror’ and showcased at the Samsung Electronics’ First Look booth. Combining camera-based optical skin diagnosis with contact-type skin diagnosis, the ‘AI Skin Analysis Solution’ can offer in-depth skin diagnosis and care recommendations.

In addition, the new ‘Skin Light Therapy 3S’ from Amorepacific’s beauty device brand makeON will be showcased at the booth. The device will be launched in March 2025, with a dedicated app seamlessly integrated with the ‘AI Skin Analysis & Care Solution.’

Amorepacific Group Chairman Kyungbae Suh will attend this year’s CES events to visit Amorepacific’s Innovation Awards showcase and new technology reveal. He will be touring exhibitions across various sectors and reviewing Amorepacific North America’s business with Giovanni Valentini, President of Amorepacific North America.

SOURCE Amorepacific

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