Automated-X Cites Research Report Forecasting Retail Automation Market to Reach $275.43 Billion by 2020
CHICAGO, IL–(Marketwired – Mar 3, 2015) – Automated-X, Inc. (OTC PINK: AUTX), a developer and integrator of next generation automation technologies, today cited a recent Markets and Markets research report (www.marketsandmarkets.com/market-reports/retail-automation-market-1247.html) announcing that the total retail automation market was valued at $93.04 billion in 2013 and is expected to reach $275.43 billion by 2020, at a CAGR of 16.7% between 2014 and 2020.
Retail automation has witnessed profound growth in the last five years. Governmental regulations and retailers wanting to save costs on the industry products are expected to be future key drivers. According to the report, both these factors are expected to be the key drivers for the retail automation market. Growing awareness of wireless technologies and the developments towards the integration of such technologies are also expected to propel the market growth in the future.
The global retail automation market is segmented into three categories that include: products type, industry vertical, and geography, with product segment including the unattended terminal or kiosk.
Impactful design combined with technology is leading to kiosks that can offer unique solutions and experiences to shoppers. Retailers and brands are attracted to kiosks for three major reasons:
1) The small footprint that kiosks command allows retailers to potentially gain revenues and profits from underutilized spaces and for brands to gain additional space in-store.
2) Kiosks can provide the speed and convenience of shopping online.
3) Kiosks can provide shoppers with new experiences that complement and enhance the overall shopper experience.
“This report reaffirms our market focus. Our long-term strategy is to become a leading provider of automated retail solutions for consumers and retailers by leveraging the established entertainment kiosk model to launch new automated retail concepts to address other key retail industry concerns,” commented Tim Regnier, President and COO.
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About Automated-X, Inc.
Automated-X, Inc. (OTC PINK: AUTX), formerly Interline Resources Corp., develops and integrates next-generation automated technologies into retail store environments and other areas of application where efficiency is improved through automation. The Company intends to take a leading role in automated retail to constantly raise the bar with state-of-the-art convenience, security, and laborsaving technologies. It intends to eventually expand its kiosk offerings in other retail growth sectors, including other automated technology systems focused on convenience and price-driven automation opportunities. For more information, visit www.automated-x.com.
This press release contains certain statements that may include “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipate,” “optimistic,” “intend,” “will” or other similar expressions. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic filings with OTC Markets and available on its website at http://www.otcmarkets.com. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
- ^ AUTX (www.marketwired.com)
- ^ www.marketsandmarkets.com/market-reports/retail-automation-market-1247.html (www.marketsandmarkets.com)
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- ^ AUTX (www.marketwired.com)
- ^ www.automated-x.com (www.automated-x.com)
- ^ http://www.otcmarkets.com (www.otcmarkets.com)