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Self-Checkout Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Self-Checkout Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • October 2020
  • 141 pages
  • ID: 5981382
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global self-checkout systems market grew at a CAGR of around 14% during 2014-2019.

Self-checkout systems refer to mechanical and technological solutions that enable shoppers to scan, bag and pay for their purchases without human assistance in retail outlets. They allow the customer to process their purchases by themselves without requiring support from a cashier. The system consists of a touch-screen panel, barcode scanner to scan and record the codes of the products, basket stand, weighing scale and cash and card payment module. It offers various benefits, such as reduced waiting time for the customers and instances of cart abandonment, optimal utilization of resources and enhanced operational flexibility.

Rapid urbanization, along with increasing automation in the retail sector, is one of the key factors driving the growth of the market. Furthermore, the emerging trend of unmanned store concepts, especially in developing countries, is stimulating the market growth. In line with this, there is a shift in the consumer preference for touch-free transactions across the entertainment sector, such as in casinos, museums, movie theaters, sports arenas and theme parks, which is creating a positive outlook for the market. Moreover, self-checkout systems offer enhanced security features, intuitive consumer interfaces, cashless transaction facilities and multi-item scanning facilities, thereby increasing their demand across convenience/departmental stores, hypermarkets, and supermarkets. Additionally, various technological advancements, such as the integration of radio frequency identification (RFID) and near-field communication (NFC) systems in self-checkout machines, are acting as other growth-inducing factors. RFID readers can automatically read labels on the products and add them to the cart to proceed with the purchase. Other factors, including the increasing demand for a personalized and assisted shopping experience, along with the utilization of artificial intelligence (AI) and machine learning-based systems, are anticipated to drive the market further. Looking forward, the analyst expects the global self-checkout systems market to continue its strong growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global self-checkout systems market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, offering, model type, mounting type and end user.

Breakup by Offering:
Hardware
Software
Services

Breakup by Model Type:
Cash Model Type
Cashless Model Type

Breakup by Mounting Type:
Stand-Alone Mounting
Wall-Mounted and Countertop Mounting

Breakup by End User:
Supermarkets and Hypermarkets
Department Stores
Convenience Stores
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Diebold Nixdorf Inc., Digthe analyst Corporation, ECR Software Corporation, Fujitsu Limited (Furukawa Group), IBM Corporation, ITAB Scanflow AB, NCR Corporation, Pan-Oston Co., PCMS Group Inc., and Toshiba TEC Corporation.

Key Questions Answered in This Report:
How has the global self-checkout systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global self-checkout systems market?
What are the key regional markets?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the model type?
What is the breakup of the market based on the mounting type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global self-checkout systems market and who are the key players?
What is the degree of competition in the industry?

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