North America Smart Retail Market Size & Outlook
North America smart retail market, 2018-2030 (US$M)
Related Markets
North America smart retail market highlights
- The North America smart retail market generated a revenue of USD 13,108.5 million in 2023.
- The market is expected to grow at a CAGR of 28% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 13,108.5 million |
| Market revenue in 2030 | USD 73,824.6 million |
| Growth rate | 28% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 34.4% of the global smart retail market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 65,323.9 million by 2030.
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Smart Retail Market Scope
Smart Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 60.75% in 2023. Horizon Databook has segmented the North America smart retail market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
North America is home to some of the major players in the smart retail market, which includes Amazon.com, Inc., Cisco Systems, Inc., IBM Corporation, Intel Corporation, and Honeywell International Inc.
This has paved the way for the region's growth in the smart retail market. Moreover, the region is quick in adopting new technologies and integrating them into daily lives, which could also contribute to the region's growth over the forecast period.
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Target buyers of North America 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 continent-level data and insights on the North America smart retail market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America smart retail market size, by country, 2018-2030 (US$M)
North America Smart Retail Market Outlook Share, 2023 & 2030 (US$M)
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