Self-Checkout Systems Market Scope
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.
According to AMA, the Global Self-Checkout Systems market is expected to see growth rate of 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. Research Analyst at AMA estimates that United States and European Players will contribute to the maximum growth of Global Self-Checkout Systems market throughout the predicted period.
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 are Computer Hardware Design, Ltd.(Latvija), OLEA Kiosks (United States), ShelfX Inc. (United States), MishiPay Limited (London) and Standard Cognition (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Self-Checkout Systems market by Type (Standalone and Wall Mounted & Countertop), by Application (Supermarkets, Hypermarkets and Department Stores, Convenience Stores and Others) and Region with country level break-up.
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).
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.
Market Trend
- Advancements in Near Field Communication (NFC) Technologies
Market Drivers
- Increasing Number of Unmanned Store Concept
- Growing Supermarket Penetration
Opportunities
- Popularity of Self-Checkout Systems Among Retail Stores
- Growth in Contactless Payments
Restraints
- Loss of Inventory and Shoplifting
Challenges
- Execution of Self-Checkout Systems
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