According to the latest report by IMARC Group, titled “Self-Checkout Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global self-checkout systems market size reached US$ 4.4 Billion in 2022. A self-checkout system is a technology-enabled solution that allows customers to scan, bag, and pay for their purchases without the assistance of a cashier or store employee. It involves a touchscreen interface or handheld scanner for customers to scan the barcodes of their items. It provides a convenient and efficient alternative to traditional checkout lanes in retail stores and supermarkets. It helps calculate the total cost, provides payment options, and allows customers to bag their items themselves. It offers numerous benefits, such as faster checkout experiences, increased customer privacy and control, and reduced retail labor costs. Additionally, it facilitates security features to prevent theft and improve inventory management.
Global Self-Checkout Systems Market Trends:
The rising preference for faster, hassle-free shopping experiences is encouraging retailers to adopt self-checkout systems as they help in reducing the workforce required at checkout counters, bringing down operational costs for retailers. Apart from this, rapid urbanization and the increasing digital literacy rate is contributing to the acceptance and adoption of these systems. Furthermore, continuous growth in the retail industry and the expansion of supermarkets, hypermarkets, and shopping malls are positively influencing the market. Moreover, the integration of advanced technologies, including artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), are enhancing the capabilities of self-checkout systems, making them more efficient and user-friendly. Besides this, there is a growing trend of incorporating biometric verification methods, such as fingerprint and facial recognition, in self-checkout systems to enhance security and prevent theft cases. Looking forward, the market value is projected to reach US$ 9.1 Billion by 2028, expanding at a CAGR of 13.1% during 2023-2028.
- Based on the offering, the market has been segmented into hardware, software, and services.
- On the basis of the model type, the cash model type represents the largest segment, followed by the cashless model type.
- Based on the mounting type, wall-mounted and countertop mounting accounts for the majority of the market share, followed by stand-alone mounting.
- On the basis of the end user, the market has been divided into supermarkets and hypermarkets, departmental stores, convenience stores, and others. At present, supermarkets and hypermarkets hold the majority of the market share.
- Region-wise, the market has been categorized into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being Diebold Nixdorf Inc., Digimarc Corporation, ECR Software Corporation, Fujitsu Limited (Furukawa Group), IBM Corporation, ITAB Scanflow AB, NCR Corporation, Pan-Oston Co., PCMS Group Inc., and Toshiba TEC Corporation.
|Base Year of the Analysis
||Offering, Model Type, Mounting Type, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Diebold Nixdorf Inc., Digimarc Corporation, ECR Software Corporation, Fujitsu Limited (Furukawa Group), IBM Corporation, ITAB Scanflow AB, NCR Corporation, Pan-Oston Co., PCMS Group Inc., and Toshiba TEC Corporation
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