Technology
Retail Automation Market size is set to grow by USD 11.95 billion from 2024-2028, High adoption of contactless payment solutions to boost the market growth, Technavio
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2 years agoon
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NEW YORK, July 8, 2024 /PRNewswire/ — The global retail automation market size is estimated to grow by USD 11.95 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.87% during the forecast period. High adoption of contactless payment solutions is driving market growth, with a trend towards emergence of big data management. However, privacy and security concerns poses a challenge. Key market players include Datalogic SpA, Diebold Nixdorf Inc., ek robotics GmbH, FAMETECH INC., Fiserv Inc., Fujitsu Ltd., Grey Orange Pte. Ltd., Honeywell International Inc., iFuture Robotics, Infoplus Commerce, MIDEA Group Co. Ltd., Napse, NCR Voyix Corp., Posiflex Technology Inc., Pricer AB, Sea Point China Ltd., Simbe Robotics Inc., Toshiba Corp., Vinculum Solutions Pvt. Ltd., and Zebra Technologies Corp..
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Type (Point-of-sale, Barcode and RFID, Camera, and Others), End-user (Supermarkets, Hypermarkets, Single item stores, Fuel stations, and Retail pharmacies), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)
Region Covered
APAC, North America, Europe, Middle East and Africa, and South America
Key companies profiled
Datalogic SpA, Diebold Nixdorf Inc., ek robotics GmbH, FAMETECH INC., Fiserv Inc., Fujitsu Ltd., Grey Orange Pte. Ltd., Honeywell International Inc., iFuture Robotics, Infoplus Commerce, MIDEA Group Co. Ltd., Napse, NCR Voyix Corp., Posiflex Technology Inc., Pricer AB, Sea Point China Ltd., Simbe Robotics Inc., Toshiba Corp., Vinculum Solutions Pvt. Ltd., and Zebra Technologies Corp.
Key Market Trends Fueling Growth
Retail automation is set to experience significant growth due to the increasing adoption of cloud-based solutions. This shift allows merchants to integrate more back-end software in the cloud, enabling seamless access to customer and product data across multiple platforms. Compatible retail automation solutions are essential for managing large volumes of data, capturing demographics, payment preferences, and buying behavior. Incorporating Point of Sale (POS) systems in retail offers several advantages. Merchants can gain insights into consumer behavior with in-store products, empower associates with customer profile data, engage customers throughout their visit, and offer creative loyalty reward programs. These benefits will drive the expansion of the global retail automation market during the forecast period.
Retail automation is a growing trend in the industry, with Artificial Intelligence (AI) leading the way. AI in retail is revolutionizing demand forecasting through predictive data, enhancing customer experiences with personalized campaigns, and improving supply chain management. Interactive chat programs and logistics management systems streamline operations, while barcode & RFID technology and automated conveyor systems optimize retailers’ inventory, staffing, distribution, and delivery schedules. Automation technology, including robotics in warehouses and fulfillment centers, boosts organizational efficiency. Retailers must also prioritize cybersecurity threats in their automation strategies. Point-of-sale (POS) systems, department shops, and single item stores, from fuel stations to retail pharmacies and e-commerce warehouses, all benefit from retail automation software and machine learning (ML). Robotics process automation and cloud-based POS software further enhance operational workflows.
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Market Challenges
The retail automation market faces significant challenges related to consumer data privacy and security. With the rise of e-commerce and m-commerce, there are concerns about the safety of financial data during online transactions. Identity theft and breaches in personal bank accounts pose substantial risks. Additionally, the collection and use of customer data for marketing purposes can infringe on privacy. Mobile service providers gather data through cookies for customized advertising, but this practice raises concerns about customer consent and control over their personal information. Location-based services also require geo-based information, adding to privacy concerns. Mastercard Inc.’s USD250 million commitment to help small businesses with identity theft protection and cybersecurity assessments is a positive step towards addressing these challenges. However, the risks of unauthorized access to financial data continue to discourage users from using retail automation for transactions. These privacy and security concerns may hinder the growth of the global retail automation market during the forecast period.Retail automation is transforming the way retailers manage their operations, from e-commerce warehouses to in-store segments. Automation technology, including robotics and artificial intelligence (AI), is streamlining supply chain management and improving organizational efficiency. Retailers are adopting automation software for tasks like inventory scanning and self-checkout systems. E-commerce sector challenges, such as cybersecurity threats, are driving the need for advanced technology solutions. E-commerce warehouses utilize autonomous systems for warehouse storage and inventory management. Robotics process automation and machine learning (ML) are key tools in this area. In the retail environment, point-of-sale (POS) systems, like Markt POS and cloud-based POS software, are being upgraded with AI capabilities. Retail giants are investing in automation systems to enhance customer experience and adapt to changing consumer preferences. Challenges in the in-store segment, such as omnichannel retailing and self-checkout systems, are being addressed through the use of autonomous guided vehicles and autonomous mobile robotics. The camera segment and supermarket segment are also seeing significant advancements in automation technology. The economic growth and individual spending capacities are fueling the adoption of retail automation. However, challenges persist, including the need for application programming interfaces and the integration of hardware and software solutions. Cybersecurity threats remain a concern, with retailers requiring robust security measures to protect their data. In conclusion, retail automation is a critical component of the retail landscape, addressing challenges in e-commerce warehouses, supply chain management, and in-store operations. With the continued advancement of technology, retailers will continue to find innovative ways to improve their operational workflows and provide a seamless shopping experience for consumers.
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Segment Overview
This retail automation market report extensively covers market segmentation by
Type 1.1 Point-of-sale1.2 Barcode and RFID1.3 Camera1.4 OthersEnd-user 2.1 Supermarkets2.2 Hypermarkets2.3 Single item stores2.4 Fuel stations2.5 Retail pharmaciesGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 Point-of-sale- Point-of-Sale (POS) systems are essential components in retail transactions, combining hardware and software to manage sales, payments, and customer information. Compared to traditional cash registers, POS automation offers numerous advantages, such as improved inventory management, efficient reporting, and enhanced customer experience. With the ability to store and share sales data, POS systems save time and increase accuracy. Fixed POS terminals have become a common feature in large retail stores, fueling the growth of the retail automation market. The convenience and high return on investment of POS systems, along with their wide range of applications including bill printing and payment processing, further boost market expansion.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report
Research Analysis
The Retail Automation Market is experiencing significant growth due to the increasing adoption of automation technology in the retail sector. E-commerce warehouses are leveraging automation to streamline their operations, from inventory scanning systems to autonomous mobile robots and autonomous guided vehicles. In the retail environment, automation is transforming Point-of-Sale (POS) systems, with cloud-based POS software and self-checkout systems becoming increasingly popular. Machine Learning (ML) and Artificial Intelligence (AI) are also playing a crucial role in retail automation, optimizing supply chain management and improving organizational efficiency. The in-store segment is also benefiting from automation, with robotics process automation and autonomous systems enhancing retail operational workflows. The E-commerce sector and Omnichannel retailing are major drivers of the retail automation market, with the Internet of Things and Application Programming Interface (API) enabling seamless integration between different systems. However, as retailers adopt more automation, cybersecurity threats become a growing concern, requiring robust security measures to protect sensitive customer and financial data.
Market Research Overview
Retail automation is transforming the retail industry by streamlining operations and enhancing customer experiences. E-commerce warehouses are leveraging automation technology, such as robotics process automation, artificial intelligence (AI), and machine learning (ML), for efficient supply chain management. Retailers in various segments, including department shops, supermarkets, hypermarkets, and single item stores, are adopting automation systems for inventory management, demand forecasting, and predictive data analysis. Automation is also making strides in the in-store segment, with self-checkout systems, interactive chat programs, and autonomous guided vehicles becoming commonplace. Retail operational workflows are being optimized through the use of cloud-based POS software, IoT devices, and APIs. Cybersecurity threats are a concern as retailers adopt more technology, but retail automation software providers are addressing these challenges with robust security measures. Retail giants and individual retailers alike are investing in automation tools and technology solutions to improve organizational efficiency, meet changing consumer preferences, and adapt to economic growth. Warehouse and inventory management are key areas of focus, with the implementation of inventory-scanning systems, autonomous mobile robotics, and automated conveyor systems. Logistics management systems are also being automated to optimize staffing, distribution, and delivery schedules. Barcode & RFID technology, warehouse robotics, and on-premises automation are also playing a significant role in retail automation. Fuel stations and retail pharmacies are also adopting automation technology to enhance their operations. Overall, retail automation is revolutionizing the retail industry, from the warehouse to the point-of-sale.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypePoint-of-saleBarcode And RFIDCameraOthersEnd-userSupermarketsHypermarketsSingle Item StoresFuel StationsRetail PharmaciesGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Brazos Residential Announces Promotion of Cliff Davis to Junior Partner
Published
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DALLAS, June 18, 2026 /PRNewswire/ — Brazos Residential is pleased to announce the promotion of Cliff Davis to Junior Partner, recognizing his significant contributions to the firm’s growth and investment platform since joining the company in 2022.
Davis joined Brazos Residential as an Investment Professional and has since assumed an increasingly influential role across the firm’s acquisitions, capital markets, investor relations, and asset management functions. Throughout his tenure, he has been directly involved in evaluating and executing investment opportunities, arranging debt and equity financing, and supporting strategic initiatives across the company’s expanding multifamily portfolio.
His promotion reflects both the impact he has made within the organization and the confidence the firm places in his long-term leadership and continued contributions to the business.
“Cliff has become an integral part of our organization and someone we rely on across many facets of the business,” said James Roberts, President and Co-Founder of Brazos Residential. “As our first hire, Cliff’s work ethic, commitment to excellence, and dedication to our mission embody what Brazos Residential stands for. His contributions have helped shape our growth, and this promotion is well deserved.”
“Cliff approaches the business with a high level of professionalism and discipline,” said Will Hancock, Chief Executive Officer and Co-Founder of Brazos Residential. “He has earned the trust of our team, partners, and investors through consistent execution and sound judgment. We are excited to welcome him into this leadership role and look forward to his continued impact on the future of the company.”
Prior to joining Brazos Residential, Davis worked at Berkadia Commercial Mortgage, where he was involved in underwriting, originations, and the execution of multifamily financing transactions, while also assisting in the sourcing and evaluation of investment opportunities. Earlier in his career, he served as a Credit Analyst at Benchmark Bank.
Davis earned a degree in Economics from The University of Texas at Austin and currently resides in Dallas, Texas.
The promotion underscores Brazos Residential’s continued commitment to developing talent from within and building an institutional-quality platform positioned for sustained long-term growth. As the company continues to expand its footprint across the Sun Belt, leadership development remains a core component of its strategy for creating value for investors, residents, and partners.
About Brazos Residential
Brazos Residential is a vertically integrated multifamily investment and property management platform headquartered in Dallas, Texas. Founded in 2022 without institutional backing, the firm has grown into a fully integrated real estate operating platform encompassing investment management, property management through Brazos Residential Management, and construction management through Brazos Construction Management.
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Media Contact: marketing@brazosres.com
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Monport Mega S Redefines What a Desktop Laser Engraver Can Do for Small Businesses
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The upgraded Monport Mega S desktop laser engraver combines speed, precision, and automation to help businesses scale production, improve output quality, and reduce workflow complexity.
NEW YORK, June 18, 2026 /PRNewswire/ — As small businesses and independent makers continue to expand into custom products, signage, and light manufacturing, the need for reliable and efficient laser systems has grown significantly. While entry-level machines have made laser engraving more accessible, many operators quickly outgrow basic systems when production demands increase.
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Rather than focusing solely on specifications, the Monport Mega S emphasizes workflow efficiency—helping users move from design to finished product with fewer manual steps and greater consistency.
Desktop Laser Power Designed for Real Business Use
For many growing businesses, the challenge is not learning how to engrave, but scaling production without sacrificing quality. The Monport Mega S desktop laser machine addresses this by combining high-speed performance with automation features that simplify daily operation.
With engraving speeds reaching up to 600 mm/s and precision down to 0.03 mm, the system is designed to handle both detailed engraving and efficient cutting tasks across materials such as wood, acrylic, leather, and coated surfaces. This balance of speed and accuracy allows users to take on both custom one-off orders and higher-volume production runs.
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Built for Faster Workflow and Reduced Manual Setup
One of the most time-consuming aspects of laser production is setup and preparation. Material alignment, focus adjustments, and repeated calibration can slow down workflow significantly, especially in small workshop environments.
The Monport Mega S desktop CO2 laser engraver reduces these friction points through integrated automation features designed for practical day-to-day use.
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Built-in autofocus system that adjusts based on material thicknessSmart Batch Fill support for efficient multi-item processingSimplified optical alignment process for quicker setupEnhanced airflow system for improved cutting quality and cleaner edgesEfficient smoke extraction for a safer working environmentSupport for automated feeding workflows for repetitive production tasks
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Conveyor Belt Integration Expands Production Capability
A key upgrade that sets the Mega S apart from many standard desktop laser systems is its optional conveyor belt system. This feature enables continuous material feeding, allowing businesses to process longer materials or run uninterrupted production workflows.
For businesses producing signage, engraved panels, or repetitive product runs, the conveyor system helps reduce downtime between jobs and supports a more assembly-line style production approach. Instead of manually repositioning materials, users can maintain consistent output across extended production cycles.
This type of capability is typically associated with larger industrial systems, making it a notable advancement in the desktop laser engraver category.
Supporting Both Creative and Commercial Applications
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Improved Safety and Workspace Efficiency
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A Step Forward for Desktop Laser Manufacturing
The evolution of desktop laser systems has increasingly blurred the line between entry-level hobby tools and production-ready equipment. The Monport Mega S desktop laser engraver reflects this shift by offering a system that is not only capable of detailed creative work but also structured for repeatable, scalable business output.
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To learn more about the Monport Mega S desktop laser engraver, visit Monport Laser official website.
Media Contact:
Monport Laser
Email: official@monportlaser.com
Website: www.monportlaser.com.
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NEW YORK, June 18, 2026 /PRNewswire/ — From metal engraving to automated batch production, Monport laser engraver and laser cutter machines are helping businesses streamline workflows, reduce setup time, and scale custom manufacturing with greater efficiency.
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Reno Pro Vision Desktop Laser Machine Introduces Smart Automation
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Designed to Help Businesses Scale with Confidence
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Monport’s laser systems are designed to support this demand by combining automation, precision engineering, and user-focused workflows across its product lineup.
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To learn more about Monport’s laser engraving and cutting solutions, visit Monport Laser.
About Monport Laser
Monport Laser is a provider of laser engraving and laser cutting solutions for hobbyists, small businesses and industrial users. Its product portfolio includes fiber laser engraver systems, CO2 laser engraver platforms and advanced laser machine technologies designed to support precision engraving, cutting and marking applications across industries including manufacturing, personalization, signage and custom product creation.
Media Contact:
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Email: official@monportlaser.com
Website: www.monportlaser.com.
View original content:https://www.prnewswire.com/news-releases/monport-highlights-how-laser-technology-helps-businesses-increase-productivity-and-expand-product-offerings-302804973.html
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