China Smart Retail Market Size & Outlook, 2023-2030
China smart retail market, 2018-2030 (US$M)
Related Markets
China smart retail market highlights
- The China smart retail market generated a revenue of USD 2,295.2 million in 2023 and is expected to reach USD 14,377.8 million by 2030.
- The China market is expected to grow at a CAGR of 30% 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 2,295.2 million |
| Market revenue in 2030 | USD 14,377.8 million |
| Growth rate | 30% (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, China accounted for 6.0% 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 Asia Pacific, Japan smart retail market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,295.6 million by 2030.
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Smart Retail Market Scope
Smart Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 66.44% in 2023. Horizon Databook has segmented the China smart retail market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The Chinese market has been witnessing an influx in the number of POS solutions. Companies are focusing on initiatives such as collaborations, partnerships, and acquisitions to provide technologically advanced and more efficient POS terminals targeting retailers. For instance, in July 2021, VISEO.
French IT consultant, announced the acquisition of EVS, a Hong Kong-based POS solution provider. The acquisition aims to expand the retail offerings and digital services of VISEO across China and Hong Kong. Both companies would merge their technical expertise and retail experience to serve retail customers better in the country.
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Target buyers of China smart retail market databook
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Our clientele includes a mix of smart retail market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China smart retail market , including forecasts for subscribers. This country databook contains high-level insights into China smart retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China smart retail market size, by solution, 2018-2030 (US$M)
China Smart Retail Market Outlook Share, 2023 & 2030 (US$M)
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