Self-checkout Systems Market Size Worth $7.8 Billion By 2027 “The global self-checkout systems market is projected to attain USD 7.80 billion by the end 2027. The market is anticipated to expand at a CAGR of 13.3% throughout the forecast period, 2020 to 2027.”
The global self-checkout systems market is projected to attain USD 7.80 billion by the end 2027. The market is anticipated to expand at a CAGR of 13.3% throughout the forecast period, 2020 to 2027. Extended time for checking out and rising inconvenience due to delayed waiting time is projected to propel the demand for self-checkout systems. Moreover, lack of skilled workers, increasing labor costs, and rising popularity of personalized shopping are some of the key factors expected to proliferate the market growth over the forecast period. Growing prominence of e-commerce platforms and digital payment portals and rising number of virtual retail stores are projected to boost the adoption of such systems across the retail sector. In addition, technologies such as Radio Frequency Identification Device and Near Field Communication are playing major role in development of highly efficient self-checkout systems that enhance the checkout experience and provide convenience to the consumers. Moreover, AI integrated systems enable consumers to scan QR codes using their mobile phones. This ensure easy checking out process which is projected to propel the demand for self-checkout systems in the forthcoming years. The hypermarket & supermarkets application segment held the largest share of 56.0% in 2019 and is projected to maintain its leading position from 2020 to 2027 owing to rising inconvenience by long waiting queues and delay caused for checking out. In addition, in-appropriate utilization of available space and high labor costs are the key factors projected to influence retailers to deploy such systems in their retail stores. The segment of convenience stores is projected to grow at the fastest CAGR of 14.6% from 2020 to 2027 owing to rising adoption of scan and go systems by majority of convenience stores. For example, O Kay stores in Nov 2018, introduced a mobile application named ‘Scan.Pay.Go’ to provide convenience and easy payment options to their consumers.
Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-self-checkout-systems-market/request-sample