The Latin America, Middle East and Africa Self-checkout Systems Market would witness market growth of 18.3% CAGR during the forecast period (2020-2026). The market for self-checkout systems has gained traction in developed regions, and many end consumers now anticipate superior product specifications with the current implementation of technology such as NFC and RFID. Vendors spend extensively in research and development (R&D) and product developments to meet the needs.
It is expected that standalone self-checkout systems will face strong competition from mobile-based solutions, enabling consumers to scan products using their smartphones and make purchases via mobile payments. Mobile applications deliver enhanced operability, despite mobile ubiquity; end-users are already comfortable with the platform.
Self-checkout device providers are focused on offering solutions that can be combined with advanced technologies such as radio frequency identification (RFID) and near-field communication (NFC) and smartphones to expand the market. An RFID reader helps to read the labels on the items to be purchased, by collecting each item's identification number. Implementing convertible self-checkout systems is also a rising trend in the market for self-checkout systems, as there are times when retailers, particularly during peak hours, need increased throughput. These systems provide options for self- and assisted-checkouts.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Self-checkout Systems Market in LAMEA is expected to register a CAGR of 18.3% 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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