Self-Checkout System Market Continues To Grow As Industry Leader Fujitsu Frontech Launches -Scan Mini-Express RFID to Improve Customer Experience in Stores

 

Self-checkouts are a must for groceries and other stores that rely heavily on impulse purchasing. The self-service approach makes it easier to ensure that customers pay attention to what they are buying. Self-service checkouts make customers aware of the items that they can purchase without having to ask, and sometimes this awareness results in impulse purchases. However, the downside of such a checkout process is that customers often leave the store frustrated because they did not find the product that they were searching for. A grocery store must therefore come up with a unique solution that will give them a better chance at increasing sales while also decreasing the number of impulse buys.

Growing supermarket penetration worldwide is expected to drive growth of the global self-checkout system market. Supermarket penetration is increasing rapidly in both developed and emerging economies. Many e-commerce companies as well as supermarket giants are expanding their presence with the launch of new supermarket stores. For instance, in February 2020, Amazon, a U.S.-based e-commerce company, inaugurated its first cashierless grocery store ‘Just Walk Out’ in the U.S. Furthermore, in October 2020, Tesco partnered with AO.com to launch first store spaces in the U.K. These supermarket stores are increasingly adopting self-checkout systems as it providers numerous advantages including shorter queues, fewer losses, saving time for employees, and enhanced in-store productivity. Thus, these factors are expected to drive growth of the global self-checkout system market. Furthermore, increasing adoption of contactless payment in the U.K. combined with increasing number of online payments in China is expected to boost the global self-checkout system market growth in the near future.

However, low reliability combined with high upfront cost is expected to restrain growth of the global self-checkout system market in the near future. Besides, rising demand for retail stores and convenience stores worldwide can present lucrative growth opportunities in the global self-checkout system market. Among regions, North America is expected to witness significant growth in the global self-checkout system market. This is owing to the early adoption of self-checkout systems by supermarkets and hypermarkets. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to growing trend toward cashless payment systems in the region.

Key companies operating in the global self-checkout system market are Diebold Nixdorf, Inc., Versatile Credit, Digimarc Corporation, Toshiba Global Commerce Solutions, ECRS Software Corporation, Slabb, Inc., Fujitsu Limited, ShelfX, Inc., NCR Corporation, IBM Corporation, and Scandit Inc.

For instance, in June 2019, Fujitsu Frontech, a subsidiary of Fujitsu Limited, introduced new RFID Self-Checkout Solution U-Scan Mini-Express RFID to enhance user experience in stores