Smart Shopping Cart Market to Grow at a Double Digit CAGR until 2025

Increasing number of shopping marts and growing need for better shopping experience & customer service to drive global smart shopping cart market

According to TechSci Research report, “Global Smart Shopping Cart Market By Technology (Zigbee, RFIDs, Bar Codes), By Application (Supermarket, Shopping Malls, Others), By Mode of Sales (Direct, Distributor), By Region, Forecast & Opportunities, 2025”, global smart shopping cart is expected to witness double digit growth during the forecast period on account of growth in the number of supermarkets & hypermarkets and development of IoT (Internet of Things). Additionally, IoT has paved a way for automated billing process providing benefits to both, shoppers and cashiers along with cutting down the time of standing and waiting in long queues for billing. Moreover, there is also a scope of enhancing this product by adding new innovations like an LCD screen to display item list, suggested items to be bought and providing sum total of the stocked goods so that it is easier for the cashier to do his job. Furthermore, an inbuilt map of the mart can also be added to the cart to make it more advanced.

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Global smart shopping cart market is segmented based on technology, application, mode of sales, region and company. Based on technology, global smart shopping cart market can be segregated into Zigbee, RFIDs and bar codes. Of the tree, RFIDs is anticipated to lead the market until 2025 as it is the most innovative technology and does not require line of sight (LOS) for the transformation of data via radio waves. Additionally, RFID has a reading range of more than 100 feet while that of Zigbee is limited to 100 feet and for barcodes, the reading range is considerably less.

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Some of the leading players in global smart shopping cart market include International Business Machines Corp, Fujitsu Ltd., Toshiba Corp, Microsoft Corp, V-Mark, Enterprise Limited, SK Telecom Co Ltd, Oracle Corp, Compaq Computer Corp, Media Cart Holdings Inc., The Japan Research Institute Ltd and others. In order to expand their market share, the companies adopt various strategies like new product launches, collaborations, introduction of attracting offers and many more to attract more customers. For instance, Kroger and Microsoft have started working together ona  smart shopping cart, which has been carried forward by Caper Labs.

“In terms of regional analysis, North America dominated the global smart shopping cart market in 2019 due to early adoption of the technologies and presence of leading smart shopping cart companies in countries like US and Canada. Additionally, these countries have large number of supermarkets and hypermarkets, which require shopping carts for checkouts. This is anticipated to positively impact the growth of the smart shopping cart market through 2025.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Smart Shopping Cart Market By Technology (Zigbee, RFIDs, Bar Codes), By Application (Supermarket, Shopping Malls, Others), By Mode of Sales (Direct, Distributor), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global smart shopping cart market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global smart shopping cart market.

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