Latest news with #autonomousstores
Yahoo
5 days ago
- Business
- Yahoo
Xpand raises $6m to support autonomous retail stores growth
Israel-headquartered retail technology startup Xpand has raised $6m in a funding round to expand its AI-powered autonomous retail stores globally. The investment, led by Ibex Investors and Emerge, will support the launch of Xpand's first smart autonomous store in Vienna, Austria, and 'the company's plan to expand access to efficient, frictionless retail infrastructure worldwide'. The new funding will be instrumental for Xpand as it enters the next phase of growth, with a focus on the deployment of its "store-in-a-box" units. The modular stores operate without staff, using robotics, computer vision and real-time inventory management to provide a 24/7 shopping experience. The new capital will expedite the rollout of stores across Europe and North America, as well as expanding the company's sales, marketing and technology teams. The executive team's participation in the funding round included chairman and CEO Joel Bar-El. Bar-El, who co-founded Trax Retail, brings industry expertise to the company, along with other senior team members from SAP, Retalix, Bringg and Magic Leap. 'With this new investment, we are ready to move from vision to global execution,' Bar-El stated. 'The Vienna store is only the beginning. Our leadership team is deeply committed to bringing scaleable, autonomous retail to life.' Xpand was originally founded as 1MRobotics in 2021. It underwent rebranding to better represent its transition from research and development to commercialisation. Bar-El added: 'Our mission is to power the next generation of retail - autonomous, scaleable, and always on. We are excited to partner with global retailers to bring this model to life.' "Xpand raises $6m to support autonomous retail stores growth" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
10-08-2025
- Business
- Associated Press
Israeli Startup Xpand Raises $6M to Launch Autonomous Retail Stores Worldwide
TEL AVIV, Israel--(BUSINESS WIRE)--Aug 10, 2025-- Xpand, a retail technology startup building autonomous, AI-powered retail stores, today announced it has raised $6 million in a funding round led by IbexInvestors and Emerge. The company's executive team, including Chairman and CEO Joel Bar-El, also participated, signaling strong internal alignment and confidence in the company's strategic direction. The new funding will support Xpand's next phase of growth, beginning with the launch of its first smart autonomous store in Vienna. This milestone marks a major step in the company's plan to expand access to efficient, frictionless retail infrastructure worldwide. 'With this new investment, we are ready to move from vision to global execution,' said Joel Bar-El, CEO of Xpand. 'The Vienna store is only the beginning. Our leadership team is deeply committed to bringing scalable, autonomous retail to life.' Xpand develops modular 'store-in-a-box' units that integrate robotics, computer vision, and real-time inventory management. These unmanned plug-and-play stores are designed to operate 24/7 without staff, giving retailers a fast, flexible way to grow their footprint and provide a seamless, personalized shopping experience. Founded in 2021 under the name 1MRobotics, the company was rebranded as Xpand to reflect its shift from research and development to commercial deployment. The new capital will accelerate store rollouts across Europe and North America and fund the expansion of the company's sales, marketing, and technology teams. Xpand is led by a team of seasoned operators and entrepreneurs with deep roots in retail, logistics, and enterprise technology. Bar-El previously co-founded Trax Retail, a global retail AI unicorn. Other senior team members bring experience from leading companies including SAP, Retalix, Bringg, and Magic Leap. 'Our mission is to power the next generation of retail - autonomous, scalable, and always on,' said Bar-El. 'We are excited to partner with global retailers to bring this model to life.' View source version on CONTACT: Media Contact Yael Costi [email protected] KEYWORD: AUSTRIA EUROPE ISRAEL MIDDLE EAST INDUSTRY KEYWORD: START-UP DATA MANAGEMENT OTHER RETAIL TECHNOLOGY PROFESSIONAL SERVICES SUPERMARKET ROBOTICS CONVENIENCE STORE RETAIL SOFTWARE ARTIFICIAL INTELLIGENCE SOURCE: Xpand Copyright Business Wire 2025. PUB: 08/10/2025 02:29 AM/DISC: 08/10/2025 02:30 AM
Yahoo
30-05-2025
- Business
- Yahoo
Unmanned Stores Market Opportunities and Strategies to 2034: How to Succeed in the Forecasted $616+ Billion Industry
Integration of Advanced AIoT Systems Transforming Retail Operations with Fully Autonomous Stores Unmanned Stores Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Unmanned Stores Market Opportunities and Strategies to 2034" report has been added to report describes and explains the unmanned stores market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global unmanned stores market reached a value of nearly $66.22 billion in 2024, having grown at a compound annual growth rate (CAGR) of 21.24% since 2019. The market is expected to grow from $66.22 billion in 2024 to $207.16 billion in 2029 at a rate of 25.62%. The market is then expected to grow at a CAGR of 24.38% from 2029 and reach $616.67 billion in 2034. Growth in the historic period resulted from the growth in preference for self-service and autonomous retail experiences, rise in impulse buying, supportive government policies and increased investments in innovative retail models. Factors that negatively affected growth in the historic period were concerns over data security and privacy forward, the increasing urban populations, expansion of the e-commerce industry, rise of digital and cashless payment systems and increasing consumer demand for convenience will drive the growth. Factor that could hinder the growth of the unmanned stores market in the future include high entry fee global unmanned stores market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 18.75% of the total market in 2023. Amazon Inc was the largest competitor with a 4.30% share of the market, followed by Inc with 4.22%, Alibaba Group Holding Limited with 3.21%, Walmart Inc with 2.90%, 7-Eleven with 2.43%, FamilyMart Company, Ltd with 0.77%, Trigo Group with 0.61%, Panasonic Holdings Corporation with 0.24%, Delfi Technologies with 0.03% and Turck Vilant Systems Oy with 0.03%.North America was the largest region in the unmanned stores market, accounting for 41.00% or $27.15 billion of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the unmanned stores market will be South America and Middle East where growth will be at CAGRs of 46.21% and 44.30% respectively. These will be followed by Africa and Eastern Europe where the markets are expected to grow at CAGRs of 43.38% and 39.92% unmanned stores market is segmented by store type into fully automated and semi-automated self-service kiosks. The fully automated market was the largest segment of the unmanned stores market segmented by store type, accounting for 62.69% or $41.51 billion of the total in 2024. Going forward, the semi-automated self-service kiosks segment is expected to be the fastest growing segment in the unmanned stores market segmented by store type, at a CAGR of 34.72% during unmanned stores market is segmented by payment mode into cashless and cash. The cashless market was the largest segment of the unmanned stores market segmented by payment mode, accounting for 95.42% or $63.19 billion of the total in 2024. Going forward, the cashless segment is expected to be the fastest growing segment in the unmanned stores market segmented by payment mode, at a CAGR of 25.99% during unmanned stores market is segmented by offering into solution and services. The solution market was the largest segment of the unmanned stores market segmented by offering, accounting for 72.64% or $48.11 billion of the total in 2024. Going forward, the solution segment is expected to be the fastest growing segment in the unmanned stores market segmented by offering, at a CAGR of 27.83% during unmanned stores market is segmented by deployment into indoor and outdoor. The indoor market was the largest segment of the unmanned stores market segmented by deployment, accounting for 74.82% or $49.55 billion of the total in 2024. Going forward, the indoor segment is expected to be the fastest growing segment in the unmanned stores market segmented by deployment, at a CAGR of 26.30% during unmanned stores market is segmented by end-user industry applications into hospitality and restaurant, health and pharmaceutical, fast-moving consumer goods and other end-user industry applications. The fast-moving consumer goods market was the largest segment of the unmanned stores market segmented by end-user industry applications, accounting for 50.12% or $33.19 billion of the total in 2024. Going forward, the fast-moving consumer goods segment is expected to be the fastest growing segment in the unmanned stores market segmented by end-user industry applications, at a CAGR of 28.93% during top opportunities in the unmanned stores market segmented by store type will arise in the semi-automated self-service kiosks segment, which will gain $84.94 billion of global annual sales by 2029. The top opportunities in the unmanned stores market segmented by payment mode will arise in the cashless segment, which will gain $137.41 billion of global annual sales by 2029. The top opportunities in the unmanned stores market segmented by offering will arise in the solution segment, which will gain $116.08 billion of global annual sales by 2029. The top opportunities in the unmanned stores market segmented by deployment will arise in the indoor segment, which will gain $109.72 billion of global annual sales by 2029. The top opportunities in the unmanned stores market segmented by end user industry applications will arise in the fast-moving consumer goods segment, which will gain $85.07 billion of global annual sales by 2029. The unmanned stores market size will gain the most in the USA at $39.62 strategies for the unmanned stores market include focus on integration of advanced AIoT systems transforming retail operations with fully autonomous stores, focus on leveraging FAST aXs technology to enable seamless access and enhance customer convenience in unmanned stores, focus on harnessing the power of real-time data and cloud-based analytics to transform customer experiences in autonomous stores, focus on leveraging AI and machine learning to enhance customer experience in autonomous retail stores and focus on implementing retail-tech innovations to create seamless, sustainable convenience store strategies in the unmanned stores market include focus on strengthening business expertise through acquisition of new stores, focus on expanding business through investment in drone delivery take advantage of the opportunities, the analyst recommends the unmanned stores companies to focus on enhancing operational efficiency with autonomous technology, focus on enhancing customer convenience with 24/7 unmanned stores, focus on leveraging real-time data and AI to improve customer experience, focus on implementing AI and machine learning for enhanced customer experience, focus on implementing retail-tech innovations for sustainable growth, focus on the semi-automated self-service kiosks market for rapid growth, focus on expanding cashless payment solutions, focus on expanding solution-based offerings, focus on expanding indoor market solutions, expand in emerging markets, focus on expanding distribution through strategic locations, focus on implementing flexible pricing strategies, focus on targeted digital marketing campaigns, focus on building brand awareness through public relations and focus on expanding the FMCG market Market Trends Integration of Advanced AIoT Systems Transforming Retail Operations With Fully Autonomous Stores Leveraging FAST aXs Technology to Enable Seamless Access and Enhance Customer Convenience in Unmanned Stores Harnessing the Power of Real-Time Data and Cloud-Based Analytics to Transform Customer Experiences in Autonomous Stores Leveraging AI and Machine Learning to Enhance Customer Experience in Autonomous Retail Stores Implementing Retail-Tech Innovations to Create Seamless, Sustainable Convenience Store Experiences Markets Covered:1) by Store Type: Fully Automated Store; Semi-Automated Self-Service2) by Payment: Cashless; Cash3) by Offering: Solution; Services4) by Deployment Mode: Indoor; Outdoor5) by End-User Industry Application: Hospitality and Restaurant; Health and Pharmaceutical; Fast-Moving Consumer Goods (FMCG); Other End-User IndustryKey Companies Profiled: Amazon Inc; Inc; Alibaba Group Holding Limited; Walmart Inc; 7-ElevenCountries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; RussiaRegions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Series: Five years historic and ten years Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; unmanned stores indicators Attributes Report Attribute Details No. of Pages 293 Forecast Period 2024-2034 Estimated Market Value (USD) in 2024 $66.22 Billion Forecasted Market Value (USD) by 2034 $616.67 Billion Compound Annual Growth Rate 25% Regions Covered Global The companies featured in this Unmanned Stores market report include: Amazon Inc. Inc. Alibaba Group Holding Limited Walmart Inc. 7-Eleven FamilyMart Company, Ltd. Trigo Group Panasonic Holdings Corporation Delfi Technologies Turck Vilant Systems Oy Meituan Zailouxia Toshiba Corporation BingoBox F5 Future Store Shenzhen Rakinda Technology Co., Ltd. Monoprix SA Rewe Group Coop Italia Boxy Technologies Zabka Polska Flosman a.s Aucha Carrefour Romania Aisle 2 Vroom Deliver Standard AI Skip Walmart Inc Alert Innovation Zippin AiFi Scot Forge Company Qu!ck Carrefour Krispy Kreme The Kroger Company Thundercomm Trigo Grouand Majid Al Futtaim For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Unmanned Stores Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
