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Classified in: Science and technology, Covid-19 virus
Subject: MRR

Retail Self-checkout Terminals Market Size to Grow by USD 2.23 Bn: Information by Product (hybrid and cash and cashless), End-user (CSDSSMHM, specialty retailers, and others), and Geography (North America, Europe, APAC, South America, and MEA) - Forecast till 2025 | Technavio


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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Related Reports on Information Technology Include:

Self-service Kiosk Market by End-user and Geography - Forecast and Analysis 2021-2025: The self-service kiosk market size has the potential to grow by $ 2.97 bn during 2021-2025, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Download our FREE sample report

Global POS Banknote Recycler Market: This industry research report identifies ARCA, Crane, Diebold Nixdorf, and Glory Global Solutions as the key vendors in the global POS banknote recycler market. To get extensive research insights: Download our FREE sample report

Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

Retail Self-checkout Terminals Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 12.48%

Market growth 2021-2025

USD 2.23 billion

Market structure

Fragmented

YoY growth (%)

14.97

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, UK, Germany, Japan, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Bollore SE, Diebold Nixdorf Inc., ECRS Software Corp., Fujitsu Ltd., ITAB Group, NCR Corp., Olea Kiosks Inc., Pan-Oston, Slabb Inc., and Toshiba Corp.

Market Dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


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