Radiant Insights market research identifies the growth in retail industry to be one of the primary growth factors for the retail self-checkout terminals market. The number of retail outlets opening globally is steadily increasing. Major retailers such as Carrefour, Metro, Tesco, and Wal-Mart are penetrating in Africa and APAC to expand their geographical presence and consumer base. Also, 7-Eleven is an international chain of convenience stores that plans to expand their stores in the US by setting up greater than 20000 stores by the end of the forecasted period. Carrefour collaborated with CFAO to direct their market operations in eight major countries. Our market analysts estimate that the market will grow steadily at a CAGR of close to 19% by 2022.
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The retail self-checkout terminals market is moderately concentrated due to the presence of few key players competing intensely. The growing demand for faster checkout and enhanced convenience boosts the growth potential of the epos software market. Retail self-checkout terminal manufactures compete intensely based on product differentiation, pricing, product portfolio, and value-added services. The players must offer technologically advanced and differentiated product portfolio to attain competitive advantage in the epos software market.
The leading vendors in the market are
ITAB Shop Concept
The other vendors in the market are ECR Software, IER, PCMS Group, and Slabb.
Segmentation by product and analysis of the retail self-checkout terminals market
Cash and cashless
Hybrid self-checkout terminals dominate the epos software market due to several advantages such as the reduced labor cost, enabling multiple operations in single unit, and facilitating dual mode system in one unit. Hybrid terminals can be operated as both self-checkout and cashier-operated checkouts, and can checkout two consumers simultaneously.
Geographical segmentation and analysis of the retail self-checkout terminals market
The Americas will be the major revenue contributor to the retail self-checkout terminals market owing to the extensive growth of modern grocery retail stores. In North America, the US, Brazil, and Canada account for the largest number of self-checkout terminals due to the growing hospitality, retail, and financial industries. Large retailers are increasingly investing in interactive kiosks to enhance customer satisfaction.
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
Market segmentation analysis
PART 06: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 07: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 08: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
Comparison by product
Hybrid – Market size and forecast 2017-2022
Cash and cashless – Market size and forecast 2017-2022
Market opportunity by product
PART 09: CUSTOMER LANDSCAPE
PART 10: MARKET SEGMENTATION BY END-USER
Segmentation by end-user
Comparison by end-user
Convenience stores, department stores, supermarkets, and hypermarkets – Market size and forecast 2017-2022
Specialty retailers – Market size and forecast 2017-2022
Others – Market size and forecast 2017-2022
Market opportunity by end-user
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