The Unmanned Convenience Store Market was valued at USD 67.48 million in 2010 and is expected to reach USD 1,640.32 million by 2028 with a CAGR growth rate of 51.9% during the forecast period.

Unmanned convenience stores are department stores without manned cashiers or operands. These stores are fully automated due to the ICT technologies. To eliminate traditional store features, the design depends on smartphone-related technologies and the addition of Artificial Intelligence-based solutions.

DRIVING FACTORS

Increase in Adoption of New Technologies in The Retail Industry

Digitalization is continuing to revolutionize a number of industries, impacting the global economy, environment, and society. The retail industry is no exception. One of the most recent advances in this industry is the development of unmanned convenience store designs. These innovative business strategies are mostly used in the grocery store industry to decrease check-out lines and boost efficiency throughout the convenience experience. The expansion of digitization in the convenience store industry is expected to improve a customer's convenience experience and satisfaction with it. In addition, from a B2C standpoint, the usage of unmanned systems in grocery stores and other general department stores minimizes consumer wait times. This factor is expected to boost the market demand during the forecast period. 

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 👉 https://www.extrapolate.com/sample/Retail/unmanned-convenience-store/25652

LIST OF KEY COMPANIES PROFILED:

SEGMENTATION

By Offering

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REGIONAL INSIGHTS

The Unmanned Convenience Store Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

North America is the largest market for unmanned convenience stores due to the strong presence of market players in this region and they are actively investing in this sector. For instance, Amazon Go has opened its first full-fledged cashier-less supermarket. With a fresh vegetable department, a bakery, and an alcohol section, the supermarket currently has around 5,000 goods and 10,000 square feet of space. This type of investment has a growing presence of unmanned stores and raising awareness about the benefits of the stores in North America during the forecast period.