Smart Shopping Cart Market Size, Share, Growth, Industry Analysis to 2027

Global Smart Shopping Cart Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC32762 | Report Format: PDF + Excel | Starting Price: 3800/- USD | Last Updated: July 5th, 2023

The global smart shopping cart market size was accounted for around USD 1.5 billion in 2022 and projected to grow at a higher CAGR of over 27% during the forecast period 2023 to 2030. The increasing number of shopping malls in developing economies such as India, China, and Brazil is a key factor to drive the market. Furthermore, technological advancement and better customer experience are some other factors to propel the market. In addition, the rising demand for smart carts and increasing investment in the retail industry are projected to fuel the market growth. However, the high maintenance cost is expected to restrain the market over the forecast period.

Market Snapshot:

Benchmark Year		2022
Market Size		~ USD 1.5 Billion in 2022
Market Growth (CAGR)		> 27% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Microsoft Corporation, IBM Corp, V-Mark Enterprise Limited., Fujitsu Ltd., and Media Cart Holdings, Inc.

Market Drivers:

Enhanced Customer Experience: Smart shopping carts aim to provide a seamless and convenient shopping experience for customers. Features like automatic product scanning, item recommendations, and personalized offers improve convenience, reduce checkout time, and enhance customer satisfaction.

Efficiency and Time Savings: Smart shopping carts streamline the shopping process by eliminating the need for traditional manual scanning and checkout. With features like automatic item detection and payment integration, customers can save time and effort during their shopping trips.

Data Collection and Analytics: Smart shopping carts gather valuable data about customer preferences, shopping patterns, and inventory levels. This data can be analyzed to gain insights into customer behavior, optimize inventory management, and offer personalized marketing strategies.

Contactless Payments and Hygiene: In the wake of the COVID-19 pandemic, contactless payments and reduced physical contact have become increasingly important. Smart shopping carts equipped with payment capabilities, such as mobile wallets and self-checkout, offer a hygienic and convenient payment option.

Inventory Management and Stock Control: Smart shopping carts can provide real-time information on inventory levels and product availability. Retailers can monitor stock levels, track popular items, and manage inventory more efficiently, leading to improved supply chain management.

Loss Prevention and Security: Smart shopping carts can incorporate security features such as RFID tags, anti-theft mechanisms, and surveillance cameras. These features help prevent theft, enhance store security, and reduce shrinkage, benefiting both retailers and customers.

Marketing and Promotions: Smart shopping carts enable targeted marketing and promotional campaigns. By analyzing customer data and shopping patterns, retailers can deliver personalized offers, discounts, and recommendations directly to the shopper’s cart display, influencing purchase decisions.

Integration with Mobile Apps and Loyalty Programs: Smart shopping carts can be integrated with retailer’s mobile apps and loyalty programs. This integration allows customers to access personalized offers, track their shopping history, and earn rewards, fostering customer loyalty and engagement.

Technological Advancements: Advances in technologies such as IoT (Internet of Things), artificial intelligence, and computer vision have made smart shopping carts more sophisticated and affordable. These advancements have increased the feasibility and adoption of smart shopping carts in retail environments.

Competitive Advantage and Differentiation: Retailers are constantly seeking innovative solutions to differentiate themselves from competitors and attract customers. Smart shopping carts offer a unique and modern shopping experience, giving retailers a competitive edge in the market.

Market Insights:

The global smart shopping cart market is segmented into type, application, and region. By type, the market is classified into an open-source shopping cart, hosted shopping cart, and others. The open-source shopping cart segment held a significant market share last year. On the basis of application, the segment is divided into supermarkets, shopping malls, and others. The shopping mall segment dominated the market in 2019 and expected to grow at the same trends over the forecast period.

The smart shopping cart comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global smart shopping cart market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

Smart shopping cart market research report presents the analysis of each segment from 2018 to 2027 considering 2019 as the base year for the research. The compounded Annual Growth Rate (CAGR) for each respective segments is calculated for the forecast period from 2020 to 2027.

Historical & Forecast Period

2018 – Historical Year
2019 – Base Year
2020-2027 – Forecast Period

Market Segmentation:

By Type:

Open source Shopping Cart
Hosted Shopping Cart
Others

By Application:

Supermarket
Shopping Malls
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, the smart shopping cart market report comprises dedicated sections centering on the regional market revenue and trends. The smart shopping cart market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The smart shopping cart market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Smart shopping cart market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2020 – 2027.

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Report Coverage:

Research Methodology
Research Scope
Executive Market Summary: Industry Snapshot
Industry Outlook
Critical Success Factors (CSFs) for the Market
Market Dynamics
Key Opportunities
Market Porters Five Force Analysis
Market Value Chain/Ecosystem Analysis
Market Attractive Investment Proposition
Market PESTEL Analysis
Market Positioning of Key Vendors
Market Segmentation Outlook
Regional Outlook
Company Profiles of Key Vendors

Competition Assessment:

Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy. Key players operating in the global smart shopping cart market are Microsoft Corporation, IBM Corp, V-Mark Enterprise Limited., Fujitsu Ltd., and Media Cart Holdings, Inc.

Key Companies:

Microsoft Corporation
IBM Corp
V-Mark Enterprise Limited.
Fujitsu Ltd.
Media Cart Holdings, Inc.
SK Telecom Co., Ltd.
The Japan Research Institute, Limited
Toshiba Corporation
Wanzl India Pvt Ltd
SmartCart S.A.

Key Questions Answered by Smart Shopping Cart Market Report:

Global smart shopping cart market forecasts from 2020-2027
Regional smart shopping cart market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
Smart shopping cart submarket forecasts from 2020-2027 covering the market by type, by application, and geography
Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to smart shopping cart market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level smart shopping cart markets from 2020-2027
Competitive Landscape and market positioning of top 10 players operating in the smart shopping cart market

Table of Content:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary
2.1. Global Smart Shopping Cart Market Portraiture
2.2. Global Smart Shopping Cart Market, by Type, 2019 (USD Mn)
2.3. Global Smart Shopping Cart Market, by Application, 2019 (USD Mn)
2.4. Global Smart Shopping Cart Market, by Geography, 2019 (USD Mn)

3. Global Smart Shopping Cart Market Analysis
3.1. Smart Shopping Cart Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTEL Analysis

4. Global Smart Shopping Cart Market By Type, 2018 – 2027 (USD Mn)
4.1. Overview
4.2. Open source Shopping Cart
4.3. Hosted Shopping Cart
4.4. Others

5. Global Smart Shopping Cart Market By Application, 2018 – 2027 (USD Mn)
5.1. Overview
5.2. Supermarket
5.3. Shopping Malls
5.4. Others

6. Global Smart Shopping Cart Market, By Geography, 2018 – 2027 (USD Mn)
6.1. Introduction
6.2. North America
6.2.1. Overview
6.2.2. North America Smart Shopping Cart Market by Type (2018-2027 USD Mn)
6.2.3. North America Smart Shopping Cart Market by Application (2018-2027 USD Mn)
6.2.4. North America Smart Shopping Cart Market by Country (2018-2027 USD Mn)
6.2.4.1. U.S.
6.2.4.2. Canada
6.2.4.3. Mexico
6.3. Europe
6.3.1. Overview
6.3.2. Europe Smart Shopping Cart Market by Type (2018-2027 USD Mn)
6.3.3. Europe Smart Shopping Cart Market by Application (2018-2027 USD Mn)
6.3.4. Europe Smart Shopping Cart Market by Country (2018-2027 USD Mn)
6.3.4.1. Germany
6.3.4.2. U.K.
6.3.4.3. France
6.3.4.4. Italy
6.3.4.5. Russia
6.3.4.6. Rest of Europe
6.4. Asia Pacific
6.4.1. Overview
6.4.2. Asia Pacific Smart Shopping Cart Market by Type (2018-2027 USD Mn)
6.4.3. Asia Pacific Smart Shopping Cart Market by Application (2018-2027 USD Mn)
6.4.4. Asia Pacific Smart Shopping Cart Market by Country (2018-2027 USD Mn)
6.4.4.1. China.
6.4.4.2. Japan
6.4.4.3. India
6.4.4.4. Australia
6.4.4.5. South Korea
6.4.4.6. Rest of Asia Pacific
6.5. Latin America (LATAM)
6.5.1. Overview
6.5.2. Latin America Smart Shopping Cart Market by Type (2018-2027 USD Mn)
6.5.3. Latin America Smart Shopping Cart Market by Application (2018-2027 USD Mn)
6.5.4. Latin America Smart Shopping Cart Market by Country (2018-2027 USD Mn)
6.5.4.1. Brazil
6.5.4.2. Peru
6.5.4.3. Chile
6.5.4.4. Rest of Latin America
6.6. Middle East and Africa
6.6.1. Overview
6.6.2. MEA Smart Shopping Cart Market by Type (2018-2027 USD Mn)
6.6.3. MEA Smart Shopping Cart Market by Application(2018-2027 USD Mn)
6.6.4. Middle East and Africa Smart Shopping Cart Market, by Country (2018-2027 USD Mn)
6.6.4.1. South Africa
6.6.4.2. Israel
6.6.4.3. Saudi Arabia
6.6.4.4. Rest of South Africa

7. Company Profiles
7.1. Microsoft Corporation
7.1.1. Business Description
7.1.2. Financial Health and Budget Allocation
7.1.3. Product Positions/Portfolio
7.1.4. News Coverage
7.2. IBM Corp
7.2.1. Business Description
7.2.2. Financial Health and Budget Allocation
7.2.3. Product Positions/Portfolio
7.2.4. News Coverage
7.3. V-Mark Enterprise Limited.
7.3.1. Business Description
7.3.2. Financial Health and Budget Allocation
7.3.3. Product Positions/Portfolio
7.3.4. News Coverage
7.4. Fujitsu Ltd.
7.4.1. Business Description
7.4.2. Financial Health and Budget Allocation
7.4.3. Product Positions/Portfolio
7.4.4. News Coverage
7.5. Media Cart Holdings, Inc.
7.5.1. Business Description
7.5.2. Financial Health and Budget Allocation
7.5.3. Product Positions/Portfolio
7.5.4. News Coverage
7.6. SK Telecom Co., Ltd.
7.6.1. Business Description
7.6.2. Financial Health and Budget Allocation
7.6.3. Product Positions/Portfolio
7.6.4. News Coverage
7.7. The Japan Research Institute, Limited
7.7.1. Business Description
7.7.2. Financial Health and Budget Allocation
7.7.3. Product Positions/Portfolio
7.7.4. News Coverage
7.8. Toshiba Corporation
7.8.1. Business Description
7.8.2. Financial Health and Budget Allocation
7.8.3. Product Positions/Portfolio
7.8.4. News Coverage
7.9. Wanzl India Pvt Ltd
7.9.1. Business Description
7.9.2. Financial Health and Budget Allocation
7.9.3. Product Positions/Portfolio
7.9.4. News Coverage
7.10. SmartCart S.A.
7.10.1. Business Description
7.10.2. Financial Health and Budget Allocation
7.10.3. Product Positions/Portfolio
7.10.4. News Coverage

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List of Figures:

FIG. 1 Global Smart Shopping Cart: Market Segmentation
FIG. 2 Global Smart Shopping Cart Market: Research Methodology
FIG. 3 Top-Down and Bottom-up Approach
FIG. 4 Global Smart Shopping Cart Market, by Type, 2019 (US$ Mn)
FIG. 5 Global Smart Shopping Cart Market, by Application, 2019 (US$ Mn)
FIG. 6 Global Smart Shopping Cart Market, by Geography, 2019 (US$ Mn)
FIG. 7 Global Smart Shopping Cart Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)
FIG. 8 Attractive Investment Proposition, by Geography, 2017
FIG. 9 Market Positioning of Key Smart Shopping Cart Providers, 2019
FIG. 10 Global Smart Shopping Cart Market Value Share, by Type, 2018 & 2027 (%)
FIG. 11 Global Smart Shopping Cart Market Value for Open source Shopping Cart, 2018 - 2027, (US$ Mn)
FIG. 12 Global Smart Shopping Cart Market Value for Hosted Shopping Cart 2018 - 2027, (US$ Mn)
FIG. 13 Global Smart Shopping Cart Market Value for Others, 2018 - 2027, (US$ Mn)
FIG. 14 Global Smart Shopping Cart Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 15 Global Smart Shopping Cart Market Value for Supermarket, 2018 - 2027, (US$ Mn)
FIG. 16 Global Smart Shopping Cart Market Value for Shopping Malls, 2018 - 2027, (US$ Mn)
FIG. 17 Global Smart Shopping Cart Market Value for Others, 2018 - 2027, (US$ Mn)
FIG. 18 North America Smart Shopping Cart Market Value, 2018 - 2027, (US$ Mn)
FIG. 19 Europe Smart Shopping Cart Market Value, 2018 - 2027, (US$ Mn)
FIG. 20 Asia Pacific Smart Shopping Cart Market Value, 2018 - 2027, (US$ Mn)
FIG. 21 LATIN America Smart Shopping Cart Market Value, 2018 - 2027, (US$ Mn)
FIG. 22 Middle East & Africa Smart Shopping Cart Market Value, 2018 - 2027, (US$ Mn)

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List of Tables:

TABLE 1 Market Snapshot: Global Smart Shopping Cart Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Challenges
TABLE 4 Global Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 5 Global Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 6 North America Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 7 North America Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 8 North America Smart Shopping Cart Market Value, By Country, 2018 - 2027 (US$ Mn)
TABLE 9 U.S. Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 10 U.S. Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 11 Canada Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 12 Canada Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 13 Mexico Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 14 Mexico Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 15 Europe Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 16 Europe Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 17 Europe Smart Shopping Cart Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 18 Germany Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 19 Germany Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 20 U.K. Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 21 U.K. Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 22 France Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 23 France Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 24 Italy Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 25 Italy Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 26 Rest of Europe Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 27 Rest of Europe Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 28 Asia Pacific Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 29 Asia Pacific Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 30 Asia Pacific Smart Shopping Cart Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 31 Japan Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 32 Japan Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 33 China Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 34 China Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 35 India Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 36 India Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 37 South Korea Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 38 South Korea Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 39 Rest of Asia Pacific Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 40 Rest of Asia Pacific Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 41 Latin America Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 42 Latin America Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 43 Latin America Smart Shopping Cart Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 44 Middle East & Africa Smart Shopping Cart Market Value, by Type, 2018 - 2027 (US$ Mn)
TABLE 45 Middle East & Africa Smart Shopping Cart Market Value, by Application, 2018 - 2027 (US$ Mn)
TABLE 46 Middle East & Africa Smart Shopping Cart Market Value, by Country, 2018 - 2027 (US$ Mn)
TABLE 47 Microsoft Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 48 IBM Corp: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 49 V-Mark Enterprise Limited.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 50 Fujitsu Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 51 Media Cart Holdings, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 52 SK Telecom Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 53 The Japan Research Institute, Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 54 Toshiba Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 55 Wanzl India Pvt Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 56 SmartCart S.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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