Self-Checkout System Market Size - By Solution, Transaction, Model, Application & Forecast, 2024

Description

Global Self-Checkout System Market will experience over 13.3% CAGR from 2024 to 2032, propelled by the increasing demand for seamless and efficient shopping experiences. Retailers are widely adopting self-checkout systems in order to diminish the need for manual labor and its related expenses. This reduction in staffing requirements allows retailers to reallocate their resources toward other operational areas, such as inventory management or customer service. By automating the checkout process, retailers can streamline their operations, reduce overhead costs, and optimize overall productivity. For instance, in February 2023, Diebold Nixdorf launched the DN Series Self-Checkout system, which boosts cost efficiency with its scalable design. The system's automation minimizes cashier supervision and accelerates transactions, enabling retailers to cut labor costs and streamline operations.

Technological advancements, such as the integration of artificial intelligence and machine learning, are further offering enhanced security and personalized customer interactions. As consumers increasingly prefer quick and contactless transactions, the market is poised for robust expansion in the coming years.

The self-checkout system market is grouped based on solution, transaction, model, application, and region.

The software segment will register a robust CAGR through 2032, owing to the emphasis on enhancing customer experience and operational efficiency. Retailers are prioritizing advanced software solutions that enable seamless transactions, reduce checkout times, and offer sophisticated analytics. The software helps streamline store operations, support diverse payment methods, and improve inventory management. As businesses seek to adapt to evolving consumer preferences and technological advancements, the need for robust software solutions that optimize the self-checkout process is spurring segment growth.

The mobile segment will grab a noteworthy market share by 2032, because of the consumer preference for convenient payment options. Mobile self-checkout solutions enhance the shopping experience by allowing customers to complete transactions directly from their smartphones, reducing wait times and streamlining the checkout process. Retailers are adopting these mobile solutions to meet the demand for seamless, contactless payments and to integrate with existing digital platforms.

Europe self-checkout system market will witness a noticeable CAGR through 2032, attributed to the focus on retail efficiency and customer experience. As retailers in Europe strive to adapt to high consumer expectations for convenience and speed, self-checkout systems offer a solution that reduces checkout times and operational costs. Additionally, the region's emphasis on contactless and hygienic solutions, accelerated by health concerns, is escalating the adoption of self-checkout systems. Government initiatives supporting digital transformation and technological innovation in retail sector will contribute to the expanding market in Europe.

Product Code: 2433

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Hardware provider
- 3.2.2 Software provider
- 3.2.3 Service provider
- 3.2.4 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Growing supermarket penetration in the U.S.
  - 3.8.1.2 Proliferation of contactless payments around the globe
  - 3.8.1.3 Continuous technological advancements in checkout solutions
  - 3.8.1.4 Integration of RFID technology into self-checkout kiosks
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Reliability concerns such as system malfunctions, software glitches, and barcodes
  - 3.8.2.2 Loss of inventory and shoplifting
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Solution, 2021 - 2032 ($Bn, Units)

5.1 Key trends
5.2 Hardware
- 5.2.1 Entertainment
- 5.2.2 Healthcare
- 5.2.3 Hospitality
- 5.2.4 Retail
- 5.2.5 Travel
- 5.2.6 Others
5.3 Software
5.4 Service

Chapter 6 Market Estimates & Forecast, By Transaction, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 Cash-based
6.3 Cashless

Chapter 7 Market Estimates & Forecast, By Model, 2021 - 2032 ($Bn, Units)

7.1 Key trends
7.2 Standalone
7.3 Wall-mounted or countertop
7.4 Mobile

Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)

8.1 Key trends
8.2 Entertainment
8.3 Healthcare
8.4 Hospitality
8.5 Retail
8.6 Travel
8.7 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Russia
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 Southeast Asia
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 AiFi Inc.
10.2 CCL Technology
10.3 Datalogic S.p.A.
10.4 Diebold Nixdorf
10.5 ECRS Software Corporation
10.6 Fujitsu Limited
10.7 Honeywell International Inc.
10.8 IBM Corporation
10.9 ITAB Shop Concept AB
10.10 Mashgin, Inc.
10.11 NCR Corporation
10.12 Pan-Oston Corporation
10.13 Pricer AB
10.14 QINGDAO HISTONE INTELLIGENT COMMERCIAL SYSTEM CO. LTD
10.15 QINGDAO WINTEC SYSTEM CO., LTD.
10.16 Standard Cognition
10.17 StrongPoint ASA
10.18 Toshiba Global Commerce Solutions
10.19 Trigo Vision Ltd.
10.20 Zebra Technologies Corporation

Self-Checkout System Market Size - By Solution, Transaction, Model, Application & Forecast, 2024 - 2032