North America Micro Market: Trends, Growth, and Forecast 2023 to 2030
The North America micro market size was estimated to reach USD 10.54 billion in 2030 and is anticipated to expand at a CAGR of 13.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Technological advancements are a major factor behind the micro market's growth. Systems such as self-checkout stations and other features like touchscreens, barcode scanners, and mobile payment alternatives not only streamline the entire purchasing process but also do away with the need for cashiers and shorten wait times. The inventory management and real-time data analytics tools built into micro markets give the owners the ability to monitor sales and stock levels and analyze product pricing and offerings. Additionally, a big contributor to the market's continued surging expansion is the rising consumer awareness and acceptance of micro markets. Micro markets are in greater demand as more customers discover their advantages and convenience, which has led ...