Market outlook of the self-checkout terminals market
Technavio’s market research analyst projects the global self-checkout terminals market to grow at a tremendous rate of 16% during the forecast period. The rising demand from the retail industry is driving the growth of this market. For instance, during 2013, Wal-Mart installed 10,000 self-checkout terminals in the US. Emerging economies such as India and China, are witnessing rapid growth in the number of modern retail formats that is expected to fuel the growth of the self-checkout terminals market.
Emerging technology trends such as NFC is expected to chance the way customers operate the self-checkout terminals during the forecast period. Using NFC technology, customers can make transactions without touching the self-checkout system in the store and would facilitate easier and faster checkout.
Segmentation by end users and analysis of the global self-checkout terminals market
- Retail
- Financial services
- Entertainment
- Travel
- Healthcare
The retail industry dominated the global self-checkout terminals market accounting for around 61% of the market share during 2014. Self-checkout terminals have enabled retail vendors to modify their product offerings by making use of the customer data.
Geographical segmentation and analysis of the global self-checkout terminals market
The Americas accounted for around 45% of the market shares during 2014. The growth and expansion of retail stores such as Wal-Mart, Kroger, and Safeway across the globe have propelled the demand for self-checkout terminals. NCR and Wincor Nixdorf are the most successful vendor in the Americas.
Competitive landscape and key vendors
The global self-checkout terminals market is a niche market with a limited number of suppliers. The vendors in this market compete on the basis of product differentiation, pricing, portfolios, and value-added services.
The top vendors in the market are –
- Fujitsu
- NCR
- NEC
- Pan-Oston
- Toshiba
- Wincor Nixdorf
Other providers in the market include Versatile Credit, and OLEA Kiosks.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global self-checkout terminals market?
- What are the key market trends impacting the growth of the self-checkout terminals market?
- What are the challenges to market growth?
- Who are the key vendors in the self-checkout terminals market?
- What are the market opportunities and threats faced by the vendors in the global self-checkout terminals market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the global self-checkout terminals market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Geographical segmentation
- Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
- Vendor analysis
- Other prominent vendors
PART 13: Key vendor analysis
- Accenture
- Cisco Systems
- IBM
- Microsoft
- Oracle
- SAP
PART 14: Appendix
PART 15: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape