Brazil Smart Retail Market Size & Outlook, 2023-2030
Brazil smart retail market, 2018-2030 (US$M)
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Brazil smart retail market highlights
- The Brazil smart retail market generated a revenue of USD 398.2 million in 2023 and is expected to reach USD 2,298.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 28.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating solution in 2023.
- Software is the most lucrative solution segment registering the fastest growth during the forecast period.
Smart retail market data book summary
| Market revenue in 2023 | USD 398.2 million |
| Market revenue in 2030 | USD 2,298.3 million |
| Growth rate | 28.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Amazon.com Inc, Cisco Systems Inc, Alphabet Inc Class A, Honeywell International Inc, Huawei Technologies, International Business Machines Corp, Intel Corp, LG Electronics Inc ADR, NVIDIA Corp, NXP Semiconductors NV, Pax Global Technology Ltd, Samsung Electronics Co Ltd, Apollo Global Management Inc Class A, NCR Atleos Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.0% of the global smart retail market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico smart retail market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1,076.6 million by 2030.
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Smart Retail Market Scope
Smart Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil smart retail market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 68.58% in 2023. Horizon Databook has segmented the Brazil smart retail market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Brazilian smart retail market is the rising demand for seamless checkouts, contactless payment options, and hassle free shopping experiences. Retailers' ability to generate revenue over the forecast period is anticipated by the increasing use of kiosks, which facilitates automated check-in and checkout facilities for customers in retail stores. In addition, key companies make strategic decisions to adopt advanced technological solutions for streamlining retail operations.
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Our clientele includes a mix of smart retail market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil smart retail market , including forecasts for subscribers. This country databook contains high-level insights into Brazil smart retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil smart retail market size, by solution, 2018-2030 (US$M)
Brazil Smart Retail Market Outlook Share, 2023 & 2030 (US$M)
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