The Europe Self-checkout Systems Market would witness market growth of 13% CAGR during the forecast period (2020-2026). The European market for self-checkout systems is seeing tremendous growth due to the rise in the number of retail outlets. The number of retail stores that implemented these systems increased significantly over the past few years. In addition, the rise in the positive response of consumers and the input from using these systems facilitate the implementation of self-checkout technologies.
Consumer awareness and acceptance are the main factors driving the adoption of these systems. The introduction of contactless payment technology and growing consumers 'inclination for card-based payment has led to increased demand for cashless systems. Another trend in the field is the introduction of facial recognition technology into the systems which will help to recognize shoplifters.
UK supermarkets that have been experimenting with mobile scan-pay-go can see more customers in stores adopting the technology because of social distancing requirements amid the expanding coronavirus epidemic. Although the supermarkets claimed positive responses from shoppers to scan-pay-go, difficulties with scanning products and registering for the loyalty cards needed by the apps were also recorded. But consumers can decide it's worth putting up with the stress to avoid being at the checkout close to fellow shoppers. Fears regarding COVID-19 have given a major boost to the mobile and contactless payment schemes.
Based on Component, the market is segmented into Systems and Services. Based on Type, the market is segmented into Cash Based Systems and Cashless Based Systems. Based on Application, the market is segmented into Supermarkets & Hypermarkets, Department Stores, Convenience Stores and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Self-checkout Systems Market in Europe is expected to register a CAGR of 13% during the forecast period (2020-2026)
TThe market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Diebold Nixdorf, Inc., Fujitsu Limited, NCR Corporation, Toshiba Corporation, ITAB Shop Concept AB, Strongpoint ASA, ECR Software Corporation, Fortive Corporation (Gilbarco, Inc.), Pan-Oston (Houchens Industries, Inc.), Flooid Limited.
Market Segmentation:
By Component
By Type
By Application
By Country
Companies Profiled
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