Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Global Self-Checkout Systems Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The self-checkout systems market was valued at US$2.571 billion in 2020 and is projected to increase at a CAGR of 9.05% to reach US$4.716 billion by 2027.
Self-checkout systems are automated systems used in the retail, supermarket, and hospitality sectors to assist customers with self-ordering and checkout without the assistance of any staff members.
Self-service checkout systems are becoming more and more popular as a result of their capacity to decrease cart abandonment, guarantee shorter lines than traditional checkout lanes, and free up staff time for other store-related tasks.
The adoption of self-checkout systems has significantly increased globally as a result of merchants' rising emphasis on enhancing consumer happiness and the shopping experience. Additionally, it has become more widely used in the healthcare industry as a result of increasing investments made to enhance the patient experience.
Increasing Automation to grow the self-checkout system market
Automation is quickly replacing traditional forces of transformation in many global sectors. Self-checkout systems are projected to become more prevalent in warehouses and store operations due to the rising adoption of automation across sectors and businesses including retail and hospitality. Self-ordering, self-scan and pay, and other features that reduce long lines are factors in their rising market popularity.
The adoption of robotic and automated goods has also significantly increased in the retail sector over the past several years as a result of the shrinking workforce. The market is still expanding at a steady rate thanks to technological advancements and rising IoT penetration in the retail sector. Shop owners are spending more money on technology to help with inventory management, product identification, and other challenges that occur in-store.
Product Offerings:
- Belting Self-Checkout: Belted self-checkout combines the convenience of self-checkout with the advantages of a belted conveyor. For establishments with large-basket clients who prefer self-service checkouts, a belted self-checkout is a fantastic choice. Pan-Self-Service Oston's Technology initiative allows customers to create a unique design centered on their chosen point of sale. The key features include hardware integration services, convenient service access panels, and use of customers' preferred point of sale, cash and coin recycling equipment, weight scale security plates with bag racks, and other customizations upon request.
- Flex Market: The newest advancement in self-service kiosks, Flex Market shortens lines and enhances traffic flow at prepared food areas, delis, coffee counters, client boarding areas, and even rapid checkout lanes. The plug-and-play Made-to-Order functionality of Flex Market gives shop owners and customers infinite customization options when placing orders, providing flexibility to meet the needs of 21st-century retail. The item is streamlined and compact and was expertly designed and built in the United States. It is a durable hardware architecture that uses the same transactional logic throughout the company to offer a frictionless consumer experience and retain consumers. It offers three distinct placement options, is easily maintained, and has customizable configurations.
Market Segmentation:
By Component
- Hardware
- Customer Display
- Belts
- Price Readers
- Others
- Software
By Model
- Cash
- Cashless
By Type of Mounting
- Stand-Alone
- Countertop
- Wall-Mounted
By End-Use Industry
- Entertainment
- Healthcare
- Hospitality
- Retail
By Geography
- North America
- USA
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- India
- China
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 141 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $2.57 billion |
| Forecasted Market Value (USD) by 2027 | $4.72 billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/w86med
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
