Smart Shopping Cart Market is Likely to Roll at a CAGR of 25.1% During the Forecast Period (2024-30)

MarkNtel Advisors recently published a research report highlighting that the Smart Shopping Cart Market is estimated to grow at a CAGR of around 25.1% during the forecast period of 2024-30, given the swiftly rising number of shopping complexes, supermarkets, departmental stores, and malls in the recent times. The rising number of these shopping centers has propelled the demand for smart shopping carts since they offer a convenient shopping experience and enable easy contactless transactions.

Also, these smart shopping carts offer convenience, security, and ease of payment & save customers from standing in long queues to get their products billed at the counter. Moreover, these smart shopping carts come with several other advantages making it profitable for both retailers as well as consumers. The report further states that the tourism segment is a prominent factor that is affecting the Smart Shopping Cart Market positively. The soaring adoption & implementation of digital payments are also predicted to aid the Global Smart Shopping Cart Market.

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Furthermore, the increased trends of contactless transactions, shopping, and checkout especially after the pandemic have propelled the demand for smart trollies massively. These smart trolleys are advantageous to both cashiers as well as buyers leading to their demand globally. Smart shopping trolleys come with several benefits but sometimes technical glitches and complications can arise as well, which may obstruct the growth of the Global Smart Shopping Cart Market.

Breaking Down the Global Smart Shopping Cart Market Segmentation

• By Technology (Bar codes, RFIDs, and ZigBee)
• By Application (Direct and Distributors)
• By Mode of Sales (Supermarket, Malls, and Others)
• By Region (North America, South America, Europe, The Middle East & Africa, and Asia-Pacific)

The highest share of the Smart Shopping Cart Market in the previous years was retained by Supermarkets and the trend is likely to continue in the forecast period as well. The major reason for the dominance of supermarkets in the given market is attributed to the presence of massive consumer goods, apparel, and household products in supermarkets. Supermarkets witness a huge influx of customers anytime, especially during the festive season which further propels the need for smart trolleys in supermarkets.

North America is set to capture a significant share of the Smart Shopping Cart Market. The region is expected to have an enormous market for smart shopping carts in the forecast years given the introduction of smart shopping trolleys in diverse segments such as grocery stores and pharmacies. Moreover, the development of artificial intelligence (AI) & machine learning and the massive growth and popularity of touchless transactions are likely to trigger the Global Smart Shopping Cart Market in North America.

Prominent Market Players in the Global Smart Shopping Cart Market

AiFi, StandardCognition, Grabango, Shopic, Imagr, Tracxpoint Ltd. Caper, Cart Technologies, Quine Technologies Pvt. Ltd., Penland Firth Software GmbHCartpay, Superhii Network Technology Co. Ltd., A2Z Cust2Mate, Cartpay, Retailetics, Supertruper. Apricart, and others, are some of the prominent companies in the Global Smart Shopping Cart Market having a solid position in the market.

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