Drivers and Trends Benefits Smart Shopping Cart Market to Grow at 25.1% CAGR

According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Smart Shopping Cart Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.

Global Smart Shopping Cart Market Analysis and Size

The Smart Shopping Cart Market is projected to grow at a CAGR of around 25.1% during the forecast period, i.e., 2024-30.

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Some of the major players operating in the Smart Shopping Cart Market are 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.

Smart Shopping Cart Market Growth 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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Market Segment and Geographical Analysis

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

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