QY Research recently announced the publication of a new report, titled “Global Self-Checkout Systems Market Insights, Forecast to 2025.” The report includes a detailed quantitative and qualitative analysis of the market. The also includes a separate analysis of micro and macro-economic aspects, trends, and regulations that are influencing the overall growth of the market.
As per the report, the global self-checkout systems market is likely to reach US$3174.02 mn by 2025 from US$1596.07 mn in 2018. The market will register a compound annual growth rate of 9.97% between 2019 and 2025.
Global Self-Checkout Systems Market: Trends and Opportunities
In the past few years, there have been rapid technological advancements. Introduction of touch-free transactions has significantly led to market growth. The increasing footfall of consumers, rising number of purchases by each consumer in departmental stores, hypermarkets, and supermarkets are responsible for spiking the demand for self-checkout systems. As a result, retail outlets are working towards making the shopping experience comfortable and convenient, which is expected to drive the market in the coming years.
Besides, the development of the tourism sector has prompted the expansion of self-checkout systems. Moreover, there has been a rise in the demand for self-checkout systems in the entertainment industry such as museums, theaters, theme parks, and casinos, which is further expected to propel the market growth.
Global Self-Checkout Systems Market: Geographical Analysis
North America will grab the highest market share of the global self-checkout systems market due to the existence of various hypermarkets, supermarkets, and department stores where these systems are broadly used. Asia Pacific is also expected to remain a promising market in the self-checkout systems due to the growing retail industry in this region. Emerging economies such as India and China with improving purchasing powers are expected to lead the regional market during the forecast period.
Global Self-Checkout Systems Market: Segment Analysis
The market has been segmented into applications and product type. The application segment includes pharmacy, hypermarket & supermarket, grocery/convenience stores, department stores, and others. Supermarket and hypermarket segment is likely to boost in the forecast period due to the growing retail sectors across the globe. The product type includes countertop self-checkout systems, stand-alone self-checkout systems, and wall-mounted self-checkout systems.
Global Self-Checkout Systems Market: Leading Players
HP Inc., NCR, Modern-Expo Group, Toshiba, Hisense, Diebold Nixdorf, Grupo Digicon, Fujitsu, IBM, ITAB, and Pan-Oston are the top players that are operating in the global market for self-checkout systems.
Global Self-Checkout Systems Market: Competitive Landscape
Companies have adopted various strategies such as research and development, technological innovations, mergers and acquisitions, price and differentiation to attain competitive advantage. Manufacturers are providing low-cost solutions mainly in emerging economies to attract customers and remain competitive in the market.
Full Report Overview@ https://www.qyresearch.com/index/detail/645348/global-self-checkout-systems-market