Self Checkout Systems Market Share, Growth & Forecast [2031]
Self Checkout Systems Market Share, Growth & Forecast [2031]
Segments - Self-checkout Systems Market 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
Upcoming
| Report ID :BFSI-3374
| 4.7 Rating
| 77 Reviews
| 211 Pages
| Format :
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 ReportThe global self-checkout systems market has been segmented on the basis of
Components
- Services
- Systems
- Department Stores
- Hypermarket
- Convenient Stores
- Others
- Cashless-based
- Cash-based
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- 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 Summary2. 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 (000’ 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
Methodology
Related Reports
Some other reports from this category!
Our Clients
