The Global Smart Shopping Cart Market size is projected to grow at a CAGR of around 25.1% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Smart Shopping Cart Market Driver:
Surging Adoption of Digital Payment to Lead the Smart Shopping Carts Market Growth – Digital payments are a payment mode that includes online payment & eliminates the need for a physical form of currency. This payment mode is becoming popular as it is a fast & quick payment mode, and individuals can make payments online. Nowadays, shopping is like a daily activity in metro cities. Hence, these smart trolleys are proving to be one of the most beneficial assets for shopping, further upscaling their demand growth.
With smart trolleys, customers can save time by avoiding long queues at the billing counters, which helps them save time & energy as well as make their shopping experience more convenient. Moreover, these carts offer the benefit of avoiding payment hustle, as they aid the consumer in making online payments, making contactless payment a new emerging payment method in the global market.
In supermarkets or hypermarkets where smart cart is available for shopping has an RFID tag on every product bearing a unique barcode, which the customer can scan on the scanner deployed in these carts & to generate their bill. Further, to make the payment consumers could scan the QR code & pay online. Thus, owing to their efficient properties & the feature of easy online payment, the market is anticipated to drive in the forthcoming period.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Smart Shopping Cart Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Technology
- Bar codes- Market Size & Forecast 2019-2030, (USD Million)
- RFIDs- Market Size & Forecast 2019-2030, (USD Million)
- ZigBee- Market Size & Forecast 2019-2030, (USD Million)
- By Application
- Direct- Market Size & Forecast 2019-2030, (USD Million)
- Distributors- Market Size & Forecast 2019-2030, (USD Million)
- By Mode of Sales
- Supermarket- Market Size & Forecast 2019-2030, (USD Million)
- Malls- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – AiFi, StandardCognition, Grabango, Shopic, Imagr, Tracxpoint Ltd., Caper, Cart Technologies, Quine Technologies Pvt. Ltd., Penland Firth Software GmbH, Superhii Network Technology Co. Ltd., Cartpay, Retailetics, Supertruper, Apricart, Others. are looking forward to strengthening their market positions.
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