Canada Smart Retail Market Size & Outlook, 2025-2033
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Canada smart retail market highlights
- The Canada smart retail market generated a revenue of USD 3,357.6 million in 2024 and is expected to reach USD 33,888.2 million by 2033.
- The Canada market is expected to grow at a CAGR of 29.8% from 2025 to 2033.
- In terms of segment, hardware was the largest revenue generating solution in 2024.
- Software is the most lucrative solution segment registering the fastest growth during the forecast period.
Smart retail market data book summary
| Market revenue in 2024 | USD 3,357.6 million |
| Market revenue in 2033 | USD 33,888.2 million |
| Growth rate | 29.8% (CAGR from 2025 to 2033) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Amazon.com Inc, Cisco Systems Inc, Alphabet Inc Class A, Honeywell International Inc, Huawei Technologies, International Business Machines Corp, Intel Corp, LG Electronics Inc ADR, NVIDIA Corp, NXP Semiconductors NV, Pax Global Technology Ltd, Samsung Electronics Co Ltd, Apollo Global Management Inc Class A, NCR Atleos Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 7.8% of the global smart retail market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. smart retail market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 21,089.5 million by 2033.
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Smart Retail Market Scope
Smart Retail Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Pax Global Technology Ltd | View profile | 1771 | 30 Harbour Road, 25th Floor, Room 2504, Sun Hung Kai Centre, Hong Kong, Hong Kong | https://www.paxglobal.com.hk |
| NCR Atleos Corp | View profile | 20000 | 864 Spring Street NW, Atlanta, GA, United States, 30308 | https://www.ncratleos.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Apollo Global Management Inc Class A | View profile | 4945 | 9 West 57th Street, 42nd Floor, New York, NY, United States, 10019 | https://www.apollo.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| NVIDIA Corp | View profile | 29600 | 2788 San Tomas Expressway, Santa Clara, CA, United States, 95051 | https://www.nvidia.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
Canada smart retail market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart retail market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 82.01% in 2024. Horizon Databook has segmented the Canada smart retail market based on hardware, software covering the revenue growth of each sub-segment from 2021 to 2033.
The Canadian market was valued During the COVID-19 pandemic, the country saw a growing preference for contactless and self-service technologies in retail business operations. Growing automation across the country’s retail sector has helped improve the overall supply chain, sales, and inventory management across online and offline stores.
Key retailers are adopting advanced technological solutions to install contactless checkout systems in their stores to enhance customer experience by offering streamlined, fast, and hassle-free checkout processes. The demand for these easy-to-use and seamless omnichannel sales solutions is anticipated to grow soon.
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Target buyers of Canada smart retail market databook
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Our clientele includes a mix of smart retail market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada smart retail market , including forecasts for subscribers. This country databook contains high-level insights into Canada smart retail market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Canada Solution - Smart Retail Market size, 2024 - 2033 (US$M)
Canada Smart Retail Market Outlook Share, 2024 & 2033 (US$M)
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