NEW YORK, Dec. 2, 2021 /PRNewswire/ -- The retail self-checkout terminals market is expected to grow by USD 2.23 billion from 2020 to 2025, at a CAGR of 12.48%. The report also throws light on the new opportunities and challenges market players can expect.
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The major challenge in the retail self-checkout terminals market is the high cost of deploying these systems. Many vendors are unaware of the high implementation costs until on-site testing takes place. Vendors also need to bear replacement costs for damaged components in self-checkout terminals or those that have stopped working. Once a retailer has installed self-checkout terminals in its stores, it needs to hire additional human resources to manage the central management system. This results in additional costs for the retailer. The retailer also incurs additional maintenance costs in upgrading the software of self-checkout terminals. All these factors are hindering the growth of the global Retail Self-checkout Terminals Market.
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Retail Self-checkout Terminals Market: Segmentation Analysis
This market research report segments the retail self-checkout terminals market by Product (hybrid and cash and cashless), End-user (CSDSSMHM, specialty retailers, and others), and Geography (North America, Europe, APAC, South America, and MEA).
North America will register the highest growth rate of 36% among the other regions. Therefore, the retail self-checkout terminals market in North America is expected to garner significant business opportunities for the vendors during the forecast period. The rising demand for the replacement of first-generation self-checkout terminals will facilitate the retail self-checkout terminals market growth in North America over the forecast period.
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Some of the key topics covered in the report include:
Retail Self-checkout Terminals Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 12.48%
Market growth 2021-2025
USD 2.23 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
North America at 36%
Key consumer countries
US, UK, Germany, Japan, and France
Leading companies, competitive strategies, consumer engagement scope
Bollore SE, Diebold Nixdorf Inc., ECRS Software Corp., Fujitsu Ltd., ITAB Group, NCR Corp., Olea Kiosks Inc., Pan-Oston, Slabb Inc., and Toshiba Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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