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Global Self-Checkout Systems Market 2013-2018 & 2023 - Growing Focus on Contactless Payment & Introduction of New Technologies
[January 09, 2019]

Global Self-Checkout Systems Market 2013-2018 & 2023 - Growing Focus on Contactless Payment & Introduction of New Technologies

DUBLIN, Jan 9, 2019 /PRNewswire/ --

The "Self-Checkout Systems Market by Offering - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to's offering.

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Global self-checkout systems market is expected to reach $4,642.7 million by 2023, advancements in technology, growing consumer inclination toward convenient checkout methods, and labor-shortage issues in consumer stores are the major factors contributing to the market growth.

Insights on market segments

On the basis of offering, the self-checkout systems market has been categorized into hardware, software, and services, of which software is expected to be the fastest-growing category, advancing at a CAGR of 12.9% during the forecast period. This can be attributed to the growing use of various types of software to support checkout technologies with interactive functionalities. Furthermore, the growing acceptance of advanced technologies among customers is resulting in the increased demand for checkout software in stores.

During the forecast period, the service category is expected to surpass the hardware and software categories in terms of revenue generation. This can be attributed to the growing installation and maintenance needs resulting from the increased usage of self-checkout machines.

Based on model type, the market has been divided into cash-based and cashless models. Between the two, cash-based models contributed larger revenue share, accounting for more than 85%, to the self-checkout systems market in 2017. Customers, especially the elderly population, are more comfortable making purchases with cash. Although they are adapting themselves to new technologies, they are still not completely comfortable with the idea of cashless shopping.

Untapped markets and advancements in technology are offering lucrative opportunities to the market players

The self-checkout systems market in countries such as India, South Africa, and Germany is still untapped. With huge market potential and high population, these countries are offering ample growth opportunities to the players in the market. Presently, Germany and South Africa have a small market for these systems, but these are expected to grow on account of increasing awareness and adoption of the self-checkout technology.

Increasing use of mobile-scanning solutions and enhanced security features is another key factor offering lucrative growth opportunitiesto the vendors operating in the self-checkout systems market over the next few years. Besides, increased adoption of advanced technologies, such as radio frequency identification and near-field communication is leading to increased demand for self-checkout systems in the market.

Self-checkout systems market competitiveness

Players in the self-checkout systems market are focusing on improving self-checkout software and hardware functionality with technology that is simple and effective and increases customer convenience during the checkout.

Some of the key players operating in the self-checkout systems market are NCR Corporation, Fujitsu Limited, Toshiba TEC Corporation, PCMS Group Ltd., Diebold Nixdorf Incorporated, and International Business Machines Corporation (IBM).

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

3.1 Voice of Industry Experts/ Key Opinion Leaders (KOLs)

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Offering Hardware Software Services

4.1.2 By Model Type Cash model Cashless model

4.1.3 By Mounting Type Standalone Wall-mounted and countertop

4.1.4 By Vertical Entertainment Healthcare Hospitality Retail Travel

4.1.5 By Retail Store Hypermarkets Supermarkets and departmental stores Convenience stores Others

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends Growing focus on contactless payment Introduction of new technologies

4.3.2 Drivers Ease of use Increases checkout speed and reduces operational cost Caters to labor-shortage issues Impact analysis of drivers on market forecast

4.3.3 Restraints Reluctance to use self-checkout systems among elderly users Increasing risk of inventory loss Impact analysis of restraints on market forecast

4.3.4 Opportunity Growing traction in untapped markets and rising labor cost

4.4 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Offering

5.2 By Model Type

5.3 By Mounting Type

5.4 By Vertical

5.5 By Retail Store

5.6 By Region

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. RoW Market Size and Forecast

Chapter 10. Competitive Landscape

10.1 Competitive Analysis of Key Players

10.2 Product Benchmarking of Key Players

10.3 Global Strategic Developments of Key Players

10.3.1 Product Launches

10.3.2 Partnerships

10.3.3 Facility Expansions

10.3.4 Client Wins

Chapter 11. Company Profiles

  • Fujitsu Limited
  • Toshiba TEC Corporation
  • PCMS Group Ltd.
  • NCR Corporation
  • Diebold Nixdorf Incorporated
  • International Business Machines (IBM) Corporation
  • Tesco PLC
  • Crane Payment Innovations (CPI)
  • Olea Kiosks Inc.

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