Spain Smart Retail Market Size & Outlook, 2023-2030
Spain smart retail market, 2018-2030 (US$M)
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Spain smart retail market highlights
- The Spain smart retail market generated a revenue of USD 766.2 million in 2023 and is expected to reach USD 4,968.4 million by 2030.
- The Spain market is expected to grow at a CAGR of 30.6% 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 766.2 million |
| Market revenue in 2030 | USD 4,968.4 million |
| Growth rate | 30.6% (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, Spain accounted for 2.0% 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 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 |
|---|
Spain 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 59.7% in 2023. Horizon Databook has segmented the Spain smart retail market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
The Spanish market was The Spanish market benefits from the growing investment of retail businesses in the country in digitization initiatives. For instance, in July 2021, Ocado Group, a British retail automation solution provider, signed an agreement with Auchan Retail, a French multinational retail group, to expand the online business of Alcampo, hypermarket chains in Spain.
Companies would achieve this using the Ocado Smart Platform. According to the agreement, both companies will initially build a Customer Fulfilment Centre (CFC), which is expected to serve the Madrid region from 2024. Such initiatives are expected to drive the growth of the smart retail market in the country.
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Target buyers of Spain 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 Spain smart retail market , including forecasts for subscribers. This country databook contains high-level insights into Spain smart retail market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain smart retail market size, by solution, 2018-2030 (US$M)
Spain Smart Retail Market Outlook Share, 2023 & 2030 (US$M)
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