Ocean View, DE -- (SBWire) -- 05/21/2020 --self-checkout system market has grown by leaps and bounds courtesy the proliferation of retail outlets worldwide and the rising demand for a hassle-free checkout process. Numerous companies operating in the retail sector have been proactive in embracing cutting-edge technologies to alter the conventional norms of shopping. Citing an instance to highlight the rising influence of these systems, one of the most well-known apparel retailers Zara has recently implemented a self-service kiosk in its stores that let the buyer pick up orders that were placed online. Apparently, this would provide a personalized shopping experience to all consumers both in-store and online and aid them in making the right purchase decisions based on their personal preferences.
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While elaborating upon the self-checkout system industry trends, it is quite imperative to mention that there has been a marked increase in the apprehensions regarding jobs being lost over the inclusion of such technology. However, it has been observed that retailers redeploy employees to fulfill immediate requirements within the store and assign complicated tasks that demand human intervention. Hence, numerous businesses have been adopting these systems to reduce costs, boost productivity, and add value to their brand.
Key players operating in the self-checkout systems market include Diebold Nixdorf, Inc., Toshiba TEC Corporation, ECR Software (ECRS) Corporation, Fujitsu Limited, PCMS Group PLC, ITAB Scanflow AB, and Olea Kiosks, Inc.
Self-Checkout System Market size is expected to surpass USD 4 billion by 2024. The industry growth can be attributed to factors such as the rise in demand for touch-free transactions and the growing trend of using mechanized systems globally. The shortage of labor coupled with rising labor costs in developed countries drives the industry growth. The rapid growth in industrialization in countries including India has led to a rise in the demand for automated machines. Increasing demand to replace human labor with machines to provide enhanced transaction systems to customers is driving the self-checkout system market.
Rapid growth in the retail sector and increasing consumer demand for improved retail experience are boosting the self-checkout kiosks market. These systems ensure that customers enjoy shopping in retail stores by reducing the hassle of standing in long lines thereby saving consumer's time and enhancing the throughput. Rising need of enterprises to lower their operational costs and increase the checkout speed has led to a high demand for these systems in the retail sector. In October 2017, Value Exchange International, Inc. implemented self-checkout systems in Malaysia, Hong Kong, and China.
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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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Self-Checkout System Market by Key Players Are Diebold Nixdorf, Inc., Toshiba TEC Corporation, ECR Software (ECRS) Corporation, Fujitsu Limited, PCMS Group PLC, ITAB Scan
Key players operating in the self-checkout systems market include Diebold Nixdorf, Inc., Toshiba TEC Corporation, ECR Software (ECRS) Corporation, Fujitsu Limited, PCMS Group PLC, ITAB Scanflow AB, and Olea Kiosks, Inc.