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Stationary POS, kiosks to gain higher market share than mobile POS, research says

ReportsnReports announced the addition of global research report Retail Automation Market by Product Type, Industry & Geography - Analysis & Forecast to 2014 - 2020 in the semiconductor and electronics business intelligence collection of its store.

December 22, 2014

ReportsnReports announced the addition of global research report Retail Automation Market by Product Type, Industry & Geography - Analysis & Forecast to 2014 - 2020 in the semiconductor and electronics business intelligence collection of its store.

Globally, retail automation is predicted to reach $275.43 billion by 2020, at a CAGR of 16.7% between 2014 and 2020. The major driving force of the market is its lucrative growth rate, the company said.

Stationary POS terminals are expected to gain a higher market share as compared to mobile/portal POS terminals and contactless terminals due to low adoption rates of mobile and contactless POS among retailers. In the Americas, the food/non-food industry holds the highest market share in the retail automation market due to a rise in shoppers' income level and convenience provided for shopping.

Europe is expected to experience the highest growth rate between 2014 and 2020, ReportsnReports said.

The global retail automation market is segmented into three categories in the report, including products type, industry vertical and geography. Products type includes the physical electronic point of sale terminal and the unattended terminal. The industry segment comprises food/non-food, oil and gas, transportation and logistics, health and personal care, hospitality and more. Geography is classified by economic region such as the Americas, Europe, APAC and ROW.

The most prominent players, according to the press release, are Datalogic S.P.A, First Data Corporation, Fujitsu Limited, Honeywell Scanning & Mobility, NCR Corp, Posiflex Technology Inc, Pricer, Toshiba Global Commerce Solutions Inc., Wincor Nixdorf AG and Zebra Technologies Corp.

The research analyzed market trends for each of the product type and growth rates of products in comparison with other products. The report covers Porter's five force analysis, value chain with process flow diagram and market dynamics such as drivers, restraints and opportunities for the automated retail market, the company said. 

The report also examines the kiosk and vending machine market size by product and region, and states in one figure that "Kiosks/Vending Machine Has Highest Growing Market Share Among Top 4 Products Of Retail Automation Till 2020."