Factors Affecting the Growth of Global Self-Checkout Market

The global self-checkout system market is estimated to grow at a CAGR of over 9% during the forecast period. The growth of the market is attributed to the various benefits offered by the self-checkout systems such as reduced labor costs, less wait time and easy checkout. Other factors that bolster the market growth during the forecast period include the rising adoption of smart self-service systems in luxurious malls and other public places due to the ease of operation. Several convenience and department stores offer self-service solutions to the customers for the enhancement of the customer's experience.

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Increased Adoption in Convenience Stores Sector

Amongst the application of the global self-checkout systems market, the convenience stores sector market size is projected to expand during the forecast period. The segmental growth is accredited to the upsurge in the trends of self-checkout and unmanned stores like Amazon Go. Such stores are widely adopting self-checkout systems in order to free their customer from long checkout lines. Other stores such as CVS and Target haven’t developed into cashier-less stores, rather have adopted self-checkout systems.

Further, supermarkets have also adopted self-checkout systems. The usage of these self-checkout systems drastically eliminates the amount of time spent in-store for customers, rather it allows them to effectively purchase all goods. It also enables retailers to cater to more customers and better assesses the consumer demand for all products. Also, the self-checkout systems are widely being adopted due to higher consumer acceptance and the benefits that it offers retailers in improving the customer experience.

Advantech Co. Ltd., Diebold Nixdorf Inc., NCR Corp., Posiflex Technology Inc., Digimarc Corp., Fujitsu Ltd., IBM Corp., and Toshiba Corp. among others are some of the key players that offer various systems and solutions to the customers and hence contributing towards the growth of the self-checkout systems industry during the forecast period.

Current Market Trends Covered in the Market Report:

• Wide acceptance of the customers towards the self-checkout systems by customers and retailers is likely to positively affect the self-checkout market growth during the forecast period
• Shifting of consumer preferences toward the use of novel and advanced systems is expected to provide a growth rate to the self-checkout market
• The cashless-based model segment will account for significant growth in the market

Global Self-Checkout Systems Market – Segmentation

By Model Type

• Cash-based Model 
• Cashless Model

By Applications

• Supermarket and Hypermarkets
• Convenience Stores

Global Self-Checkout Systems Market – Segment by Region 

North America           

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America 

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