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Self-Checkout System Market Share

Report ID: GMI2433
Published Date: Jun 2024
Report Format: PDF

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Self-Checkout System Market Share

NCR Corporation, Diebold Nixdorf, and Toshiba held significant market share of over 50% market share in 2023. Companies like NCR Corporation, Toshiba Corporation, Fujitsu Limited, Diebold Nixdorf, Inc., and Pan-Oston are continuously investing in research and development to enhance the functionality and user experience of their self-checkout solutions. These efforts include the integration of advanced technologies such as computer vision, RFID, and biometrics to improve accuracy, security, and convenience for consumers.

In addition, the demand for the self-checkout system market is increasing due to the rising efforts of the leading companies dedicated to this market. Recognizing the need for flexible shopping experiences, retailers are investing in their checkout solutions to meet changing consumer preferences. Companies are innovating with advanced technologies like AI, machine learning, and computer vision to make systems more accurate and efficient. Additionally, this concerted effort by companies to develop and enforce self-funding systems that meet specific market needs, such as integration with mobile payment options and biometric authentication, is driving demand for convenient and effective retail experiences.

Self-Checkout System Market Companies

Major companies operating in the self-checkout system industry are:

CCL Technology
Diebold Nixdorf
Fujitsu Limited
Honeywell International Inc.
IBM Corporation
Mashgin, Inc.
NCR Corporation
Pan-Oston Corporation
QINGDAO HISTONE INTELLIGENT COMMERCIAL SYSTEM CO. LTD
QINGDAO WINTEC SYSTEM CO., LTD.
Toshiba Global Commerce Solutions
Trigo Vision Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of self-checkout system reached USD 4.2 billion in 2023 and is set to witness 13.3% CAGR from 2024 to 2032, due to increasing adoption by stores aiming at customer convenience.

The hardware segment in the self-checkout system industry exceeded USD 2 billion in 2023, as they play a critical role in enabling the easy operation of self-care systems.

The standalone model segment in the self-checkout system market is estimated to depict 10% CAGR between 2024 and 2032, as these standalone provisions allow retailers the freedom to use them in stores, including supermarkets, convenience stores, and pharmacies, without having to interfere with extensively existing inventory.

North America market recorded over 35% share in 2023, as retailers across the region are increasingly turning to self-checkout systems to streamline operations and enhance the customer experience.