Global Self-Checkout System Market
Global Self-Checkout System Market was valued at USD 3.2 billion in 2020 and it is expected to reach 6.8 billion in 2027 at a CAGR 11% from 2020-2027.
Self-checkout also called as a self-service checkout machine provides a mechanism for customers to process their own purchases from a retailer. They deployed as an alternative to conventional cashier-staffed checkout. The self-checkout system serves various advantages like reduced labor costs, reduced waste items compared to cash registers, more efficient pre-order & bulky purchases, and it offers convenience for foot retail & restaurants as they allow customers to customize their order.
Market Drivers
Growing influx of retail consumers & consequent rise in their waiting time during the checkout process is a significant factor propelling the adoption of self-checkout systems. Also, growing labor costs, shortage of skilled laborers in developed nations as well as preference for personalized shopping experience are some of the other factors driving the global self-checkout system market growth.
Moreover, the growth of the digital payments sector globally, will accelerate the expansion of global self-checkout market. In addition, reduction in operational cost is anticipated to boost the market growth over the forecast period. Reduced operation cost is main advantage of self-checkout system. For retailers & restaurant owners, keeping the operational cost to a minimum is crucial without compromising the quality of service. Since there is no cashier at every register, self-checkout systems reduce labor costs.
Market Restraints
Increased loss of inventory is expected to hinder the global Self-checkout system market growth during the forecast period. Also, Reluctance to use Self-checkout system is expected to restrain growth of the global Self-checkout system market over the forecast period.
Market Segmentation
The Global Self-Checkout System Market is segmented into offerings such as Software, Hardware, Service, by type such as Cash Based Systems, and Cashless Systems. Further, market is segmented into application such as Supermarkets & Hypermarkets, Department Stores, Convenience Stores, and Others.
Regional Analysis
The Global Self-Checkout System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominated the regional segment with a market share of approximately 46 percent. The region is poised to grow at a considerable pace over the forecast period. Due to the increase in adoption of self-checkout systems by the supermarkets & hypermarkets in the U.S. and Canada attributes to the regional segment growth.
Key Players
Diebold Nixdorf, Inc, DXC Technology, Fujitsu, ECR Software Corporation, ITAB Group, NCR Corporation, ShelfX Inc., Pan-Oston Corporation, Toshiba Global Commerce Solutions, Slabb Inc., etc.
Market Taxonomy
By Offerings
By Type
By Application
By Region
Key Questions Addressed by the Report
Global Self-Checkout System Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Self-Checkout System Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Self-Checkout System Market, By Offerings
5.1 Y-o-Y Growth Comparison, By Offerings
5.2 Global Self-Checkout System Market Share Analysis, By Offerings
5.3 Global Self-Checkout System Market Size and Forecast, By Offerings
5.3.1 Hardware
5.3.2. Software
5.3.3. Service
6 Global Self-Checkout System Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Self-Checkout System Market Share Analysis, By Type
6.3 Global Self-Checkout System Market Size and Forecast, By Type
6.3.1 Cash Based System
6.3.2 Cashless System
7 Global Self-Checkout System Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Self-Checkout System Market Share Analysis, By Application
7.3 Global Self-Checkout System Market Size and Forecast, By Application
7.3. 1 Supermarkets & Hypermarkets
7.3.2. Department Stores
7.3.3. Convenience Stores
7.3.4. Others
8 Global Self-Checkout System Market, By Region
8.1 Global Self-Checkout System Market Share Analysis, By Region
8.2 Global Self-Checkout System Market Share Analysis, By Region
8.3 Global Self-Checkout System Market Size and Forecast, By Region
9 North America Self-Checkout System Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Self-Checkout System Market Share Analysis, By Offerings
9.3 North America Self-Checkout System Market Size and Forecast, By Type
9.4 North America Self-Checkout System Market Size and Forecast, By Application
9.5 North America Self-Checkout System Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Self-Checkout System Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Self-Checkout System Market Share Analysis, By Offerings
10.3 Europe Self-Checkout System Market Size and Forecast, By Type
10.4 Europe Self-Checkout System Market Size and Forecast, By Application
10.5 Europe Self-Checkout System Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Self-Checkout System Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Self-Checkout System Market Share Analysis, By Offerings
11.3 Asia Pacific Self-Checkout System Market Size and Forecast, By Type
11.4 Asia Pacific Self-Checkout System Market Size and Forecast, By Application
11.5 Asia Pacific Self-Checkout System Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Self-Checkout System Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Self-Checkout System Market Share Analysis, By Offerings
12.3 Latin America Self-Checkout System Market Size and Forecast, By Type
12.4 Latin America Self-Checkout System Market Size and Forecast, By Application
12.5 Latin America Self-Checkout System Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Self-Checkout System Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Self-Checkout System Market Share Analysis, By Offerings
13.3 Middle East Self-Checkout System Market Size and Forecast, By Type
13.4 Middle East Self-Checkout System Market Size and Forecast, By Application
13.5 Middle East Self-Checkout System Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Diebold Nixdorf, Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. DXC Technology
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Fujitsu
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 ECR Software Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 ITAB Group
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 NCR Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 ShelfX Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Pan-Oston Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Toshiba Global Commerce Solutions
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Slabb Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
