Retail Segment to Witness Extensive Adoption of Self-Checkout Systems till 2024
Increasing need among
enterprises to provide unmatched shopping experience with hassle-free checkout
to customers to drive global self-checkout systems market through 2024
According
to TechSci Research report, “Global
Self-Checkout
Systems Market By Offering, By Transaction Type, By Model, By Enterprise
Size, By End User, By Region, Competition, Forecast & Opportunities, 2024”, global self-checkout systems market is forecast to grow at
a CAGR of over 9% during 2019-2024, owing to increasing demand for providing
personalized services while reducing the operational cost of the stores.
Moreover, technological advancements, shortage of laborers in developed
economies and increasing trend of modern store format is expected to positively
influence the market in coming years.
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Self-Checkout Systems Market"
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In terms of transaction type, cash is the preferred transaction type,
owing to high popularity among retailers. Cash transaction provides flexibility
to customers, thereby pushing the adoption of self-checkout systems. However,
cashless transaction type is gaining traction, on account of lesser complexity,
lower prices and attractive discounts offered via cashless transactions. Retail
segment emerged as the largest end user of self-checkout systems in 2018 and
the trend is likely to continue in the coming years. These systems allow
customers to process and pay for their orders, relieving staff from working at staff
counters.
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NCR Corporation, Toshiba Corporation, Diebold Nixdorf Incorporated,
Fujitsu Limited, IBM Corporation, ITAB Scanflow AB, ECR Software Corporation, PCMS
Group Ltd. and Slabb Inc. are some of the leading players operating in global
self-checkout systems market. Companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share. NCR Corp. invests in R&D activities so as to maintain
its position in the market. The company has also launched NCR FastLane SelfServ
self-checkout release 6, which can be switched from self-checkout systems to
cashier-assisted mode.
“North
America is the leading region in global self-checkout systems market, due to high
demand for self-checkout systems in this region and presence of large number of
retail stores using these systems. Moreover, early adoption of advanced
technologies and presence of leading regional players is expected to boost the region’s
self-checkout systems market over the course of next five years.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Self-Checkout Systems Market By Offering, By
Transaction Type, By Model, By Enterprise Size, By End User, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of self-checkout
systems market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global self-checkout systems
market.
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