Scope of the Study
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.
The market study is being classified by Type (Standalone and Wall Mounted & Countertop), by Application (Supermarkets, Hypermarkets and Department Stores, Convenience Stores and Others) and major geographies with country level break-up. According to AMA, the Global Self-Checkout Systems market is expected to see growth rate of 11.02%
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 profiled in the study. 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).
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 predicts that United States and European Players will contribute to the maximum growth of Global Self-Checkout Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Self-Checkout Systems market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Number of Unmanned Store Concept
- Growing Supermarket Penetration
- Advancements in Near Field Communication (NFC) Technologies
- Loss of Inventory and Shoplifting
- Popularity of Self-Checkout Systems Among Retail Stores
- Growth in Contactless Payments
- Execution of Self-Checkout Systems
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 AudienceNew 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
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