New Research on Global Self-checkout System Market Reveals Impressive Growth at a CAGR of 10.80% during Forecast 2017 - 2025

Published on : Mar 29, 2018

Albany, New York, March 29, 2018: A novel study, based on the global market for self-checkout system has been included in the wide repository of Market Research Hub (MRH). The title of the study is “Self-checkout System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, which illustrates the analysis of this market for the period 2017–2025, whereas 2016 is considered as the base year. The growth outlook has been analyzed in terms of revenue and volume estimates (in US$ Mn and Thousand Units), across different geographies such as North America, Europe, Asia-Pacific, Middle East and Africa and South America. Besides, prominent countries covered in the report include the U.S., Canada, Germany, U.K., France, China, Japan, India, South Africa and Brazil.

An immense trend in today's retail and restaurants is the starter of self-checkout systems. The benefits offered by self-checkout systems, such as high checkout speed, low operational cost, and effectiveness in labor shortage, are fueling the demand for self-checkout systems in the retail sector. Nowadays, self-checkout technology is appearing worldwide in grocery stores and pharmacies too. It has been analyzed in the study that rising technological developments in the retail sector is the crucial factor behind the significant growth of the market for self-checkout systems across the world. In 2016, the market stated an opportunity of US$2.28 bn. Expanding at a CAGR of 10.80% between 2017 and 2025, the market is projected to reach a value of US$5.85 bn by 2025.

Geographical Expansion

Regionally, North America led the global market in 2016 and is projected to remain on the top in the years to come. The prime factors behind this region growth are the large pool of self-checkout system providers and the increasing technological developments.

Moreover, the research highlights market growth scenario on the basis of type, offering, and end user. The type segment includes stand-alone self-checkout systems, wall-mounted self-checkout systems, and countertop self-checkout systems. Among these, the demand for wall mounted self-checkout system has been greater. On the basis of offering, the research includes hardware, software and service. End-user segment includes retail, financial services, entertainment, travel and healthcare. The retail segment accounted for maximum share in the market and estimated to remain same in the future years as well.

Competitive Scenario

In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. Some of the foremost players within the self-checkout system market profiled in this study include NCR Corporation, Toshiba TEC Corporation, OLEA Kiosk. Diebold Nixdorf Inc., PCMS Group plc., ECR Software (ECRS) Corporation, Pan-Oston Co., Fujitsu Limited, ITAB Scanflow AB, and Versatile Credit.

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