Germany Smart Retail Market Size & Outlook, 2023-2030
Germany smart retail market, 2018-2030 (US$M)
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Germany smart retail market highlights
- The Germany smart retail market generated a revenue of USD 2,696.4 million in 2023 and is expected to reach USD 13,526.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 25.9% 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 2,696.4 million |
| Market revenue in 2030 | USD 13,526.1 million |
| Growth rate | 25.9% (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, Germany accounted for 7.1% 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 Europe, Germany smart retail market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 7,199.1 million by 2030.
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Smart Retail Market Scope
Smart Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 61.35% in 2023. Horizon Databook has segmented the Germany smart retail market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The German market was The demand for self service systems has increased in the retail industry to offer customers a better user experience, faster service, and reduce pressure on the retail infrastructure. Germany has been witnessing the emergence of autonomous grocery stores, fueling the adoption of smart retail solutions in the country.
For instance, in June 2022, Trigo Vision Ltd. rolled out a second hybrid autonomous grocery store for REWE Group, a German supermarket chain. Such developments in the country are favoring the growth of the smart retail market.
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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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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 Germany smart retail market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany smart retail market size, by solution, 2018-2030 (US$M)
Germany Smart Retail Market Outlook Share, 2023 & 2030 (US$M)
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