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(MoneyNewsWire.Net, August 20, 2018 ) Market Overview: -
Self-Checkout System Market size is expected to exceed USD 4 billion by 2024. The growing penetration of supermarkets is generating a high demand for these systems. These terminals are adopted by major retail players for crowd management and time-saving. Semi-Attended Customer-Activated Terminal (SACAT) machines are implemented by the stores to provide such facilities.
Several advantages of these machines such as satisfactory customer demands, reduced overhead costs, minimum wait times, and the ability to attract more customers are propelling the growth of the Self-Checkout System Market. Several industry players are catering to these demands of the customers. For instance, in July 2018, Henderson Technology launched EDGEPoS self-checkout.
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Top Key Players: -
The key players operating in the self-checkout system market are Diebold Nixdorf, ECR Software Corp, Fujitsu, IBM, NCR Corporation, PCMS Group, Toshiba Global Commerce Solutions, Versatile Credit, Slabb, Inc., ShelfX, Inc., Pan-Oston Co., OLEA Kiosks, ITAB ScanFlow AB, IER, ECR Software Corp., Digimarc Corporation, and Scandit, among others.
Market share calculation in this report is not done based on companies covered in it. The calculation of self-checkout system market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
North America accounts for a majority share in the self-checkout system market. The high technological adoption of this region is encouraging the players to target their products. The demand for these products in the region is achieved by major industry players present here. They are offering their products in the retail sector wherein a high demand for these systems can be witnessed. Retail stores in the U.S. are investing high amounts in implementing these systems for managing effective payment solutions.
Cashless transactions are gaining a high momentum with the rise in digitalization of payment techniques. Owing to the growing adoption of POS terminals in several countries including India, the U.S., and the UK, the demand for digitalized payments is increasing rapidly, thereby driving the self-checkout system market growth. Several payment solutions are providing options to customers for avoiding long queues for the payment of their purchases. Government initiatives to digitalize payment services are accelerating the growth of the self-checkout systems market. For instance, the government of India is encouraging the citizens to adopt electronic payment techniques to reduce corruption in the country.
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Partial Chapter of the Table of Content
Chapter 4. Self-Checkout System Market, By Solution
4.1. Self-checkout system market share by solution, 2016 & 2024
4.2. Hardware (Revenue, Shipment)
4.2.1. Market estimates and forecasts, 2013 2024
4.2.2. Market estimates and forecasts, by region 2013 2024
4.3. Software (Revenue)
4.3.1. Market estimates and forecasts, 2013 2024
4.3.2. Market estimates and forecasts, by region 2013 2024
4.4. Service (Revenue)
4.4.1. Market estimates and forecasts, 2013 2024
4.4.2. Market estimates and forecasts, by region 2013 2024
Chapter 5. Self-Checkout System Market, By Transaction (Revenue)
5.1. Self-checkout system market share, by transaction, 2016 & 2024
5.2. Cash-based
5.2.1. Market estimates and forecasts, 2013 2024
5.2.2. Market estimates and forecasts, by region 2013 2024
5.3. Cashless
5.3.1. Market estimates and forecasts, 2013 2024
5.3.2. Market estimates and forecasts, by region 2013 2024
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Mobile solutions are experiencing a high demand in several countries due to the ease that they provide in carrying out the payments. These solutions do not occupy large spaces in stores and facilitate ease in mobility of the devices to encounter payments anywhere and at any time. Several major players such as Verifone, NCR Corporation, NEC Corporation, and Ingenico Group are providing such mobile POS solutions, which are driving the self-checkout system market growth. They are developing software and hardware solutions depending on the need and operations of the sector.
Applications of these systems in the retail sector are gaining a high momentum with a rise in the customer crowd in these stores. The growing adoption of these solutions in the sector is encouraging the players in the industry to design systems, which will cater to the demand from the retail players. For instance, players are offering technologies such as RFID, NFC, and mobile solutions, which are generating a high demand for these systems in the self-checkout system market.
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