The analysts forecast global retail self-checkout terminals market to grow at a CAGR of 18.63% during the period 2018-2022. One trend in the market is evolution of NFC technology.
The development of technologies such as NFC will change the way in which customers operate self-checkout terminals in the near future.
NFC is wireless communication technology that enables the users to exchange data between two devices by bringing the two devices very close, not more than an inch. By using such technology, customers can make transactions without touching the self-checkout system in the store.
This facilitates easier and faster checkouts. In addition, the use of NFC technology will minimize the damage of self-checkout terminals.
It is estimated that by the end of 2019, NFC-enabled smartphones will account for 68% of the total smartphones used, globally.
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Major key players in the global retail self-checkout terminals market: Diebold Nixdorf, FUJITSU, ITAB Shop Concept, NCR, Pan-Oston, and TOSHIBA TEC, ECR Software, IER, PCMS Group, and Slabb.
According to the retail self-checkout terminals market report, one driver in the market is growth in retail industry. The increase in the number of retail outlets across the globe is also driving the market for self-checkout terminals.
The number of retail outlets being opened around the world is increasing. Major retailers, such as Carrefour, Metro, Tesco: and Wal-Mart are expanding their presence in Africa and APAC to gain more market presence and shares.
For example, Carrefour has formed a joint venture with CFAO to expand its operations in eight countries: including Congo, Cameroon: the Democratic Republic of the Congo, Ivory Coast, Ghana: Gabon, Nigeria, and Senegal in West and Central Africa. In September 2017, 7-Eleven, an international chain of convenience stores, announced the expansion of its stores in the US.
It is planning to surpass 20,000 stores by the end of 2017.
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Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global Interactive Kiosk Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Market Size and Forecast 2017-2022 ($ Millions)
Exhibit 9: Global Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Product Market Share 2017-2022 (%)
Exhibit 19: Comparison by Product
Exhibit 20: Hybrid Market Size and Forecast 2017-2022 ($ Millions)