Retail Automation Market - Forecast(2020 - 2025)
The World Economic Forum has estimated that by 2030, 75 million to 375 million number of people will switch their occupational categories to adapt to the technological shifts that are occurring in various industries. Evidently, this remarkable change in professions of people is largely attributable to the penetration of automation in various sectors that also includes the retail automation market, which is highly susceptible to human errors and leads to losses. Owing to the increasing adoption of automation in the retail sector, the retail automation market size has ballooned to $18.37 billion as of 2018. Furthermore, the demand for automation in the retail sector is estimated to observe a healthy compound annual growth rate of 8.60% during the forecast period of 2019 to 2025. Request Sample The industrial growth in APAC countries is reflecting on the growth prospects for automation in the retail sector. Some of the determinants for the impressive market size for the retail autom