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Self Checkout Systems Market Share, Growth & Forecast [2031]

Self-checkout Systems Market

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Segments - by Components (Services and Systems), Applications (Department Stores, Hypermarket, Convenient Stores, and Others), Types (Cashless-based and Cash-based), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Size, Trends, Forecasts, 2020 – 2028

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Swarup Sahu

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Report Description

The global self-checkout systems market size is anticipated to register a substantial CAGR during the forecast period, 2020-2027. The growth of the market is attributed to the need of better and faster shopping experience.

Self-checkouts (SCOs), also known as assisted checkouts (ACOs), are specially designed machines that provides a range of effective transaction mechanism and process for customers’ shopping experience. The process helps to complete consumers’ transaction and billing from a retailer without the need of a traditional staffed checkout. The COVID-19 pandemic have forced the governments around the world to impose lockdown of several business operations and shut offices, schools, and colleges. This has resulted for almost every businesses to rapidly implement Work from home (WFH) policy to continue their services or operations online using various means of digital platforms. This has ultimately led to increased online transactions and consumers are preferring it more due to safety reasons.

Market Drivers, Restraints and Opportunities

Cost-effectiveness of the Internet and rising digitalization of payment mode for shopping are key driving factors for the market.
Increasing usage of mobile wallets and rapid expansion of platforms for such wallets are another major factors boosting the market.
Advancement of technology and integration of Radio Frequency Identification Device (RFID) with mobile technology and Near Field Communication (NFC) technologies capabilities are further contributing to the market growth.
Threat of cyber-attacks and fraudulent payment modes for increased online transactions are major challenges that can hamper the market expansion.
Increasing demand for online, fast, and efficient shopping services is expected to create lucrative opportunities during the forecast period. Rising development of online e-commerce platforms selling online products is further accelerated during the pandemic.

Scope of the Report

The report on the global self-checkout systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Self-checkout Systems Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2016–2018
Forecast Period	2020–2028
Segmentation	Components (Services and Systems), Applications (Department Stores, Hypermarket, Convenient Stores, and Others), and Types (Cashless-based and Cash-based)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Toshiba Global Commerce Solutions; NCR Corporation; FUJITSU; ECR Software Corporation; and ITAB Group

Market Segment Insights

System segment to account for a key market share

On the basis of components, the self-checkout systems market is bifurcated into services and systems. The systems section is expected to account for a key market share in the coming years owing to technological innovations in self-checkout systems. Advancement in the hardware adoption among retailers over the standard checkout systems is a key driver of the segment. The hybrid self-checkout systems often provide advanced security-based options, intuitive client interface, high capability coin dispensing systems, cashless transactions, and multi-item scanning. Additionally, growing shopper preference for both cash and cashless transactions, is influencing the retailers to further adopt new systems, which have advanced capabilities. On the other hand, the service segment is projected to witness a fast growth rate during the forecast period. The necessity for effective systems to supply quicker process, flexibility within the store’s side, and straightforward integration of systems and services within the traditional self-checkout are key factors motivating the retailers to take consulting, implementation, and maintenance services.

Convenient stores segment to register a high CAGR

Based on applications, the market is divided into department stores, hypermarket, convenient stores, and others. The convenient stores segment is projected to register a high CAGR during the forecast period due to a high demand for digital aggregation to supply digital experience of consumers in the stores. Moreover, easy accessibility of these stores sue to rising establishment in several local areas present another key factor fuelling the segment.

Cashless-based segment is likely to constitute a dominant market share

On the basis of types, the self-checkout systems market is bifurcated into cashless-based and cash-based. The cashless-based segment is likely to constitute a dominant market share during the targeted period owing to rising demand for digitalization in the payment mode and growing access to smartphones among a large number of the global population. Moreover, increasing penetration to the Internet and installation of user-friendly technology in shopping stores help to accelerate the demand for cashless transaction.

North America to dominate the market

In terms of regions, the market is classified as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is anticipated to continue its domination of the market, with expected roughly 48% of the total market share during the forecast period. The increasing adoption of self-checkout systems by the supermarkets and hypermarkets within the U.S. and Canada due to early adoption of advanced technology for payment presents another key aspect for the regional market growth. On the other hand, the market of Asia Pacific is anticipated to expand at a high CAGR during the forecast period. The increasing trend toward cashless payment systems and gradual adoption of technologies like artificial intelligence (AI) in self-service checkout systems is driving the regional market. In contrast to the opposite traditional self-checkout systems that alter customers to scan individual merchandise, the advanced systems with new AI-based options scan all the merchandise instantly and direct customers for payments.

Segments

Segments Covered in the Report
The global self-checkout systems market has been segmented on the basis of

Components

Services
Systems

Applications

Department Stores
Hypermarket
Convenient Stores
Others

Types

Cashless-based
Cash-based

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Toshiba Global Commerce Solutions
NCR Corporation
FUJITSU
ECR Software Corporation
ITAB Group

Competitive Landscape

Key players in the global self-checkout systems market are Toshiba Global Commerce Solutions; NCR Corporation; FUJITSU; ECR Software Corporation; and ITAB Group. These players have widely adopted various market development strategies including production capacity expansion, collaborations, new product launches, mergers & acquisitions, and partnerships to increase their market share. As an example, in June 2019, Albertsons corporations, Inc., a U.S. based drug and food chain, extended its partnership with Toshiba international Commerce Solutions to enhance in-store shopper checkout expertise by deploying the later company’s self-checkout systems.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Self-checkout Systems Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Self-checkout Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Self-checkout Systems Market - Supply Chain
  4.5. Global Self-checkout Systems Market Forecast
     4.5.1. Self-checkout Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Self-checkout Systems Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Self-checkout Systems Market Absolute $ Opportunity
5. Global Self-checkout Systems Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Self-checkout Systems Market Size and Volume Forecast by Types
     5.3.1. Cashless-based Cash-based
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Self-checkout Systems Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Self-checkout Systems Market Size and Volume Forecast by Applications
     6.3.1. Department Stores Hypermarket Convenient Stores Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Self-checkout Systems Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Self-checkout Systems Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Self-checkout Systems Demand Share Forecast, 2019-2026
8. North America Self-checkout Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Self-checkout Systems Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Self-checkout Systems Market Size and Volume Forecast by Types
     8.4.1. Cashless-based Cash-based
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Self-checkout Systems Market Size and Volume Forecast by Applications
     8.7.1. Department Stores Hypermarket Convenient Stores Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Self-checkout Systems Demand Share Forecast, 2019-2026
9. Latin America Self-checkout Systems Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Self-checkout Systems Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Self-checkout Systems Market Size and Volume Forecast by Types
     9.4.1. Cashless-based Cash-based
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Self-checkout Systems Market Size and Volume Forecast by Applications
     9.7.1. Department Stores Hypermarket Convenient Stores Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Self-checkout Systems Demand Share Forecast, 2019-2026
10. Europe Self-checkout Systems Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Self-checkout Systems Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Self-checkout Systems Market Size and Volume Forecast by Types
     10.4.1. Cashless-based Cash-based
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Self-checkout Systems Market Size and Volume Forecast by Applications
     10.7.1. Department Stores Hypermarket Convenient Stores Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Self-checkout Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Self-checkout Systems Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Self-checkout Systems Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Self-checkout Systems Market Size and Volume Forecast by Types
     11.4.1. Cashless-based Cash-based
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Self-checkout Systems Market Size and Volume Forecast by Applications
     11.7.1. Department Stores Hypermarket Convenient Stores Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Self-checkout Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Self-checkout Systems Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Self-checkout Systems Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Self-checkout Systems Market Size and Volume Forecast by Types
     12.4.1. Cashless-based Cash-based
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Self-checkout Systems Market Size and Volume Forecast by Applications
     12.7.1. Department Stores Hypermarket Convenient Stores Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Self-checkout Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Self-checkout Systems Market: Market Share Analysis
  13.2. Self-checkout Systems Distributors and Customers
  13.3. Self-checkout Systems Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Toshiba Global Commerce Solutions NCR Corporation FUJITSU ECR Software Corporation ITAB Group

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