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Global Smart Shopping Cart Market by Technology (Bar Codes, RFIDs, ZigBee), Mode of Sales (Direct, Distributor), Application - Forecast 2023-2030

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    Report

  • 189 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4791757
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The Smart Shopping Cart Market size was estimated at USD 1.39 billion in 2022, USD 1.76 billion in 2023, and is expected to grow at a CAGR of 27.48% to reach USD 9.74 billion by 2030.

The smart shopping cart is becoming popular to avoid the hassles related to billing at shopping places and improve overall customer experience. These smart shopping carts are equipped with technologies such as product scanners and touchscreen, enabling customers to easily checkout and connecting them to the platform's shopping list recommendations and promotional offers. Using smart carts makes shopping more comfortable for consumers and enhances their shopping experience. The smart cart solution deployments in stores aid in bringing more footfalls for retailers and increases sales. However, the high cost of smart carts is one of the hurdles retailers face in deploying them at their stores. Startups in the smart shopping cart are growing worldwide with the favorable ecosystem and offering improved smart shopping cart functionality with new technology integration.

Regional Insights

In the Americas region, the smart shopping cart market is highly evolving with the rising adoption of smart carts by supermarkets, hypermarkets, and other retail stores, along with the emergence of startups developing innovative smart shopping carts. In addition, countries including China, Indonesia, Japan, Singapore, South Korea, and India have large-scale retail sectors with a large consumer base creating the potential for the penetration of the smart shopping cart in the Asia Pacific region. Retailers in European countries are increasingly investing in smart shopping carts to enhance the retail sector's customer appeal and purchasing patterns.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smart Shopping Cart Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smart Shopping Cart Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Smart Shopping Cart Market, highlighting leading vendors and their innovative profiles. These include AiFi Inc., Caper Inc., Cart Technologies, LLC, Cust2mate Ltd., Focal Systems Inc., Fujitsu Limited, Grabango Co., IMAGR Limited, International Business Machines Corporation, Microsoft Corporation, Mitsui & Co., Ltd., Pentland Firth Software GmbH, Retail AI, Inc., SAP SE, SK Telecom Co., Ltd., Smart Cart (Pty) Ltd., Standard Cognition, Corp., Tracxpoint, Inc., V-Mark Enterprise Limited, Veeve Inc., Walmart Inc., Wanzl India Pvt Ltd., and ZooZ by PayU Company.

Market Segmentation & Coverage

This research report categorizes the Smart Shopping Cart Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Technology
    • Bar Codes
    • RFIDs
    • ZigBee
  • Mode of Sales
    • Direct
    • Distributor
  • Application
    • Shopping Malls
    • Supermarket
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Smart Shopping Cart Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Shopping Cart Market?
  3. What are the technology trends and regulatory frameworks in the Smart Shopping Cart Market?
  4. What is the market share of the leading vendors in the Smart Shopping Cart Market?
  5. Which modes and strategic moves are suitable for entering the Smart Shopping Cart Market?

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Smart Shopping Cart Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Transforming Retail Shopping Experience, Mass Merchandising, and Other Retail Applications by Deploying Self-Service Assistant
5.1.1.2. Increasing Demand for In-Store Advertising And Communications Systems in Cart Display Devices
5.1.2. Restraints
5.1.2.1. High Cost of Smart Carts and Reluctance of Adoption Among Retailers
5.1.3. Opportunities
5.1.3.1. IoT, ML, and AI Integration in the Development of Smart Shopping Carts
5.1.3.2. Runtime Offers/Promotions and Multi-Payment Modes
5.1.4. Challenges
5.1.4.1. Patent Envisions and Privacy & Security Concerns
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
5.10.1. Patent Analysis
6. Smart Shopping Cart Market, by Technology
6.1. Introduction
6.2. Bar Codes
6.3. RFIDs
6.4. ZigBee
7. Smart Shopping Cart Market, by Mode of Sales
7.1. Introduction
7.2. Direct
7.3. Distributor
8. Smart Shopping Cart Market, by Application
8.1. Introduction
8.2. Shopping Malls
8.3. Supermarket
9. Americas Smart Shopping Cart Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Smart Shopping Cart Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Smart Shopping Cart Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Investment & Funding
12.3.1.1. Qualcomm Invests in Smart Shopping Cart Start-Up
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. AiFi Inc.
13.1.2. Caper Inc.
13.1.3. Cart Technologies, LLC
13.1.4. Cust2mate Ltd.
13.1.5. Focal Systems Inc.
13.1.6. Fujitsu Limited
13.1.7. Grabango Co.
13.1.8. IMAGR Limited
13.1.9. International Business Machines Corporation
13.1.10. Microsoft Corporation
13.1.11. Mitsui & Co., Ltd.
13.1.12. Pentland Firth Software GmbH
13.1.13. Retail AI, Inc.
13.1.14. SAP SE
13.1.15. SK Telecom Co., Ltd.
13.1.16. Smart Cart (Pty) Ltd.
13.1.17. Standard Cognition, Corp.
13.1.18. Tracxpoint, Inc.
13.1.19. V-Mark Enterprise Limited
13.1.20. Veeve Inc.
13.1.21. Walmart Inc.
13.1.22. Wanzl India Pvt Ltd.
13.1.23. ZooZ by PayU Company
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
List of Figures
FIGURE 1. SMART SHOPPING CART MARKET RESEARCH PROCESS
FIGURE 2. SMART SHOPPING CART MARKET SIZE, 2022 VS 2030
FIGURE 3. SMART SHOPPING CART MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SMART SHOPPING CART MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. SMART SHOPPING CART MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. SMART SHOPPING CART MARKET DYNAMICS
FIGURE 7. SMART SHOPPING CART MARKET SIZE, BY TECHNOLOGY, 2022 VS 2030 (%)
FIGURE 8. SMART SHOPPING CART MARKET SIZE, BY TECHNOLOGY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. SMART SHOPPING CART MARKET SIZE, BY MODE OF SALES, 2022 VS 2030 (%)
FIGURE 10. SMART SHOPPING CART MARKET SIZE, BY MODE OF SALES, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. SMART SHOPPING CART MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 12. SMART SHOPPING CART MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS SMART SHOPPING CART MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 14. AMERICAS SMART SHOPPING CART MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES SMART SHOPPING CART MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 16. UNITED STATES SMART SHOPPING CART MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC SMART SHOPPING CART MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC SMART SHOPPING CART MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA SMART SHOPPING CART MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA SMART SHOPPING CART MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. SMART SHOPPING CART MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 22. SMART SHOPPING CART MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • AiFi Inc.
  • Caper Inc.
  • Cart Technologies, LLC
  • Cust2mate Ltd.
  • Focal Systems Inc.
  • Fujitsu Limited
  • Grabango Co.
  • IMAGR Limited
  • International Business Machines Corporation
  • Microsoft Corporation
  • Mitsui & Co., Ltd.
  • Pentland Firth Software GmbH
  • Retail AI, Inc.
  • SAP SE
  • SK Telecom Co., Ltd.
  • Smart Cart (Pty) Ltd.
  • Standard Cognition, Corp.
  • Tracxpoint, Inc.
  • V-Mark Enterprise Limited
  • Veeve Inc.
  • Walmart Inc.
  • Wanzl India Pvt Ltd.
  • ZooZ by PayU Company

Methodology

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Table Information