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.
Automated Retail offers brands a new, economical and exciting way to sell products and offer a unique experience. The increasing demand for this new type of retail coupled with the lack of knowledge and experience by the retailers gives Express Retail Group a favourable position in the market.
The total retail automation market was valued at $93.04 billion in 2013 and is expected to reach $275.43 billion by mid 2020.
