Growing Need to Save Consumer’s Time from Standing in Long Queues Expected to Drive Growth in the Self-Checkout Systems Market

Self-checkout machines provide an automated mechanism for processing the purchases made by buyers in the retail stores.The retail automation (self-checkout) system ensures that consumers enjoy shopping in retail stores, on account of provision of hassle-free transactions and shorter lines owing to faster throughput. The system is sold as an integrated software, hardware, and service package. The system holds the ability to process thousands of transactions in the most demanding retail environments, while continuously feeding data to back-end office for real-time, precise business analytics and inventory management.

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North America is expected to dominate the global market for self-checkout systems during the forecast period, owing to the presence of large number of retail stores in the region. The market for self-checkout systems in Asia-Pacific is expected to record the fastest growth over next few years, owing to increased expenditure on developing modern infrastructure projects that will result in establishment of larger number of supermarkets, hypermarkets and modern departmental stores.

The major challenges for the self-checkout systems market lie in the implementation of its applications.Calculating cost of items such as fruit and vegetables, which do not have UPC codes and are required to be weighed, is a major constraint, which needs to be addressed with the help of using better technologies. Another issue that arises for retail managers is the increased chances of theft with the application of automated retail purchases. However, retailers have tried to address the problem by incorporating more stringent application software for self-checkout systems and on-the-floor personnel monitoring.Adoption of self-service systems at retail stores would help in preventing misuse of such services by consumers.

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Some of the key players in the global self-checkout system market include NCR Corporation, Toshiba TEC Corporation, Fujitsu Limited, Diebold Nixdorf Inc., ECR Software Corporation, Pan-Oston Co., ITAB Scanflow AB, Computer Hardware Design Ltd, Olea Kiosks Inc. and PCMS Group plc.

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