TechNavio recognizes the following companies as the key players in the Global Self Checkout Terminals Market: Fujitsu Ltd., NCR Corp., Toshiba Corp., and Wincor Nixdorf AG.
Commenting on the report, an analyst from TechNavio’s team said: “With the increasing number of convenience stores, there would be an increase in the number of stores having less store space. Hence, with advancements in technology and development of better and smaller compact hardware, the market is expected to witness the evolution of small sized self-checkout terminals which would be accommodated in the limited floor space of the retailers. In addition, the development of advanced software would also complement the development of small products. This in turn would increase the adoption of the self-checkout terminals among the smaller customers in the forecast period. Therefore, evolution of small-sized self-checkout terminals is one of the key trends which the Global Self-checkout Terminals market is expected to witness in future.”
According to the report, one of the major drivers is the need to find an alternative to the time-consuming queue system. This can be achieved with the deployment of self-checkout terminals. While customers enjoy the benefit shorter or nil queues, retailers can serve more number of customers in a day and thus gain customer loyalty.
Further, the report states that one of the main challenges is the increased risks of theft and shrinkage. With little or no human intervention, and lack of appropriate monitoring facilities in self-checkout terminals, there has been an increase in such risks. In addition, replacing existing self-checkout terminals with new systems that offer better monitoring facilities is expensive.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-self-checkout-terminals-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Self Checkout Terminals Market 2012-2016
