Self-checkout System Market - Will Escalate Rapidly in the Near Future

Posted by RASHMI on July 9th, 2019

Of late, the global market for self-checkout systems is witnessing a remarkable rise and is expected to continue on the same path over the next few years. The report provides analysis of this market for the period 2015–2025, wherein the years from 2017 to 2025 is the forecast period and 2016 is considered as the base year. Data for 2015 has been included as historical information. The report covers all the trends and technologies playing a major role in the self-checkout system market growth over the forecast period. It highlights the drivers, restraints and opportunities expected to influence the market growth during this period.

The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa and South America. Report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report include - The U.S, Canada, Germany, France, the U.K., India, China, Japan, GCC, South Africa, and Brazil.

Primarily, the global market for self-checkout systems is evaluated on three front: The type of the product, offering, and the end user. Based on the type of the product, the market is classified into wall mounted self-checkout system, standalone self-checkout system, and countertop self-checkout system.

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Among these, the demand for wall mounted self-checkout system has been greater, thanks to the benefits they provide, such as cost efficiency and limited usage of space. The scenario is expected to remain so over the next few years.

On the basis of the offering, the market is segmented into hardware, software and service. The hardware segment is expected to hold the most prominent market share in the near future, thanks to the increasing adoption of advanced technology.

Based on the end user, the market is bifurcated into the retail, financial services, entertainment, travel, and the healthcare sectors. The retail sector is reporting a significantly high consumption of self-checkout systems and is projected to continue doing so in the near future, ensuring the dominance of the retail sector as the key end user of self-checkout systems across the world.