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Automated Retail Market Poised to Expand at a Robust Pace Over 2015 - 2021
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The companies in automated retail market generally carry out acquisition strategy for expanding their footprint. They also maintain the customer loyalty with consistent technological advancements in the machines. For instance, in October 2014, the Outerwall, Inc. launched Redbox Play Pass Loyalty Program that increased the customer engagement as well as its rental frequency.
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In July 2013, the company acquired ecoATM for US$ 350 Mn, which is self-serve kiosk system for purchasing used mobile phones and MP3 players. Also, in June 2015, AVT, Inc. another automated retailing systems manufacturer, announced the launch of a new Endcap Retailer System which are to be used in retail locations in order to hold, display, and sell high value products in a secured manner. The major companies dominating the retail automation market are Outerwall, Inc., AVT, Inc. Verifone, Pricer, Toshiba Global Commerce Solutions, Inc., NCR Corporation, First Data Corporation, Honeywell Scanning & Mobility, Zebra Technologies and Ingenico Group.
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