TMCnet News
Global Retail Self-checkout Terminals Market - Evolution of NFC Technology | TechnavioThe global retail self-checkout terminals market is expected to grow at a CAGR of close to 19% during the period 2018-2022, according to a new market research study by Technavio. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180126005190/en/ 
Technavio has published a new market research report on the global retail self-checkout terminals market 2018-2022 under their ICT library. (Graphic: Business Wire) The report categorizes the global retail self-checkout terminals market by product type, including hybrid and cash and cashless. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA. Save more with Technavio. Buy 2 reports and get the third for free: View Technavio's latest discounts and promotions Market driver: growth in retail industry One of the main drivers for the retail self-checkout terminals market is the increasing number of retail outlets across the globe. The number of retail outlets that are being opened are increasing with major retailers such as Carrefour, Metro, Tesco, and Wal-Mart. These major retailers are increasing their global footprint by expanding in Africa and APAC to gain more market presence and shares. According to a senior analyst at Technavio for IT hardware research, "Major retailers such as Carrefour has formed a joint venture with CFAO to expand its operations in countries such as Congo, Cameroon, the Democratic Republic of the Congo, Ivory Coast, Ghana, Nigeria, and Senegal. 7-Eleven, which is an international chain of convenience stores, announced its plan of expansion in the US." Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Market trend: evolution of NFC technology Shortly, the development of technologies such as NFC will change the way in which customers operate self-checkout terminals. NFC is a wireless communication technology that enables the users to exchange data between two devices by bringing the two devices very close, within an inch. With the help of such technologies, customers can make transactions without touching the self-checkout system in the store which leads to faster and easier checkouts. Thus, using NFC technology helps in minimizing the damage of self-checkout terminals. Is your business on track for a successful future? Learn how Technavio can help Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions. Some of the major contributors in the global retail self-checkout terminals market:
The global retail self-checkout terminals market consists of a limited number of players. Due to the growing demand for faster checkout and enhanced convenience, the market is growing steadily. On the basis of product differentiation, pricing, product portfolios, and value-added services, there is considerable competition among the vendors yearning to gain market share. Through promotional offers or by simply cutting down their product prices, market players often engage in price wars to sustain their existing position in the market. Get a sample copy of the global retail self-checkout terminals market report free of cost Access Technavio's continuously growing IT hardware research library and find expert analysis on hundreds of markets. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20180126005190/en/ |
