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The global self-checkout systems market size reached US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.2 Billion by 2027, exhibiting a growth rate (CAGR) of 13.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Self-checkout systems refer to mechanical and technological solutions that enable shoppers to scan, bag and pay for their purchases without human assistance in retail outlets. They allow the customer to process their purchases by themselves without requiring support from a cashier. The system consists of a touch-screen panel, barcode scanner to scan and record the codes of the products, basket stand, weighing scale and cash and card payment module. It offers various benefits, such as reduced waiting time for the customers and instances of cart abandonment, optimal utilization of resources and enhanced operational flexibility.
Rapid urbanization, along with increasing automation in the retail sector, is one of the key factors driving the growth of the market. Furthermore, the emerging trend of unmanned store concepts, especially in developing countries, is stimulating the market growth. In line with this, there is a shift in the consumer preference for touch-free transactions across the entertainment sector, such as in casinos, museums, movie theaters, sports arenas and theme parks, which is creating a positive outlook for the market. Moreover, self-checkout systems offer enhanced security features, intuitive consumer interfaces, cashless transaction facilities and multi-item scanning facilities, thereby increasing their demand across convenience/departmental stores, hypermarkets, and supermarkets. Additionally, various technological advancements, such as the integration of radio frequency identification (RFID) and near-field communication (NFC) systems in self-checkout machines, are acting as other growth-inducing factors. RFID readers can automatically read labels on the products and add them to the cart to proceed with the purchase. Other factors, including the increasing demand for a personalized and assisted shopping experience, along with the utilization of artificial intelligence (AI) and machine learning-based systems, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global self-checkout systems market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on offering, model type, mounting type and end user.
Breakup by Offering:
Breakup by Model Type:
Breakup by Mounting Type:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry 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||2021|
|Segment Coverage||Offering, Model Type, Mounting Type, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global self-checkout systems market was valued at US$ 3.8 Billion in 2021.
We expect the global self-checkout systems market to exhibit a CAGR of 13.6% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of self-checkout systems across departmental stores, hypermarkets, and supermarkets, as they offer cashless transaction facilities, which allows to mitigate the spread of the coronavirus infection upon human intervention.
The rising consumer awareness towards numerous benefits of self-checkout systems, such as reduced waiting time for the customers and instances of cart abandonment, optimal utilization of resources, and enhanced operational flexibility, is primarily driving the global self-checkout systems market.
Based on the model type, the global self-checkout systems market can be categorized into cash model type and cashless model type. Currently, cash model type accounts for the majority of the total market share.
Based on the mounting type, the global self-checkout systems market has been segregated into stand-alone mounting and wall-mounted and countertop mounting, where wall-mounted and countertop mounting holds the largest market share.
Based on the end user, the global self-checkout systems market can be bifurcated into supermarkets and hypermarkets, departmental stores, convenience stores, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global self-checkout systems market include 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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