About Self-Checkout Systems
Self-Checkout Systems offers a cost-effective solution for retailers and an easy-to-use alternative for consumers who want faster checkout services. These systems are used to improve customer experience by allowing them to scan their orders of any size and select a payment option to complete the purchase. The increasing number of self-checkout systems in from past few years is now becoming a common way for consumers to complete their purchases. In retail, self-checkout systems are widely used in supermarkets, mass merchants/hypermarkets, convenience stores, and home improvement stores. The increasing deployment of self-checkout systems in developing countries is expected to enhance the market growth in the forecast period.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 11.02% |
The manufacturers of self-checkout systems market continue to focus on innovation and technological advancements in the product. Such developments coupled with competitive pricing are likely to assist in increasing market share over the forecast period. The key players are investing heavily in research & development to enhance the product quality and to overcome problems faced while manufacturing self-checkout systems products. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Self-Checkout Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NCR Corporation (United States), Diebold Nixdorf, Inc. (United States), Fujitsu Limited (Japan), Toshiba Tec Corporation (Japan), ITAB Scanflow AB (Sweden), ECR Software Corporation (United States), Pan-Oston Co. (United States), IER SAS (France), PCMS Group PLC (United Kingdom) and Slabb Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Computer Hardware Design, Ltd.(Latvija), OLEA Kiosks (United States), ShelfX Inc. (United States), MishiPay Limited (London) and Standard Cognition (United States).
Segmentation Overview
AMA Research has segmented the market of Global Self-Checkout Systems market by Type (Standalone and Wall Mounted & Countertop), Application (Supermarkets, Hypermarkets and Department Stores, Convenience Stores and Others) and Region.
On the basis of geography, the market of Self-Checkout Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by System Type, the sub-segment i.e. Cash-based will boost the Self-Checkout Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware (Display Devices, Price Readers, Payment-Related Hardware, Weighing Scales, Others) will boost the Self-Checkout Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Near Field Communication (NFC) Technologies
Market Growth Drivers:
Increasing Number of Unmanned Store Concept and Growing Supermarket Penetration
Challenges:
Execution of Self-Checkout Systems
Restraints:
Loss of Inventory and Shoplifting
Opportunities:
Popularity of Self-Checkout Systems Among Retail Stores and Growth in Contactless Payments
In July 2019, Ooredoo QSC, a Qatar based international telecommunication company signed partnership agreement with NCR Corporation to deploy NCR self-service kiosks. The contract was signed 10-years with aim to help Ooredoo QSC in transforming their mobile retail stores with 150 NCR Self-Serve Kiosk.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Self-Checkout Systems Manufacturer, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.