World News: 10:02 GMT Wednesday 15th May 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, May 15, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The Americas self-checkout systems market is estimated to reach $7.1 billion by 2024, posting a CAGR of 10.9% during forecast period (2019-2024)The major factors driving the growth of the market are the labor shortage issue, increasing internet penetration, and rising digital transaction rate in the Americas. In addition to this, the surging number of smartphone users is backing the growth in the region.On the basis of mounting type, the Americas self-checkout systems market is categorized into wall-mounted and countertop, and standalone. Of these, in 2018, the standalone category held the larger revenue share in the market. It requires a large area for its deployment, due to which these are rapidly being employed in hypermarkets and supermarkets. Based on vertical, the Americas self-checkout systems market is divided into retail, entertainment, healthcare, hospitality, and travel. Among these, in 2018, the retail division held the largest share in the market and the trend is predicted to continue during the 2019-2024 period. This can be mainly ascribed to the rising demand for self-checkout systems from supermarkets, hypermarkets, and departmental stores in the region, as these systems help consumers pay for the products themselves, and thus quicken the whole buying process.During the forecast period, the self-checkout systems market in Mexico is anticipated to record the fastest growth in the region. This is due to the rising usage of self-checkout systems by big retailers, such as S.A.B. de C.V. and Walmart de Mxico. In August 2018, the retail sales in Mexico grew by 3.5% year-over-year. Due to the surging retail stores in the country, the demand for self-checkout systems to decrease the billing time and enhance the shopping experience is predicted to escalate, resulting in the Americas self-checkout systems market growth in 2019-2024. In addition, self-service kiosks are rapidly being installed at airports and metro stations in the country. For instance, in 2018, three airports in Mexico started using digital biometric check-in kiosks. The kiosks help passengers check-in easily without wasting much of their time. Therefore, with the rising usage of self-service kiosks at metro stations and airports in Mexico, the self-checkout systems market in the travel sector is predicted to prosper in the forecast period. To lead the competition, key players in the Americas self-checkout systems market are working on growth strategies, such as partnerships, and product and service innovations by adopting several technologies, including analytics, RFID, and robotics. For instance, in May 2018, NCR Corporation launched Horizon, a web-based analytics system, to help retailers study the data generated from self-checkout lanes and offer advocacy on how they can better the operations of the store and offer an improved checking process experience to shoppers. 1.1 Research Objectives1.2 Market Definition1.3 Research Scope1.4 Key Stakeholders2.1 Secondary Research2.2 Primary Research2.3 Market Size Estimation2.4 Data Triangulation2.5 Assumptions for the Study4.1 Definition of Market Segments4.1.1 By Offering22.214.171.124 Hardware126.96.36.199 Software188.8.131.52 Services4.1.2 By Model Type184.108.40.206 Cash Based220.127.116.11 Cashless4.1.3 By Mounting Type18.104.22.168 Standalone22.214.171.124 Wall-mounted and countertop4.1.4 By Vertical126.96.36.199 Entertainment188.8.131.52 Healthcare184.108.40.206 Hospitality220.127.116.11 Retail18.104.22.168 Travel4.1.5 By Retail Store22.214.171.124 Hypermarkets126.96.36.199 Supermarkets and departmental stores188.8.131.52 Convenience stores184.108.40.206 Others4.2 Value Chain Analysis4.3 Market Dynamics4.3.1 Trends220.127.116.11 Popularity of mobile scan and go technology18.104.22.168 Increasing focus on measures to prevent shoplifting4.3.2 Drivers22.214.171.124 Rise in digital transactions in Americas126.96.36.199 Increasing labor shortage issues188.8.131.52 Growing smartphone users184.108.40.206 Impact analysis of drivers on market forecast4.3.3 Restraints220.127.116.11 High up-front cost18.104.22.168 Impact analysis of restraints on market forecast4.3.4 Opportunity22.214.171.124 Demand for self-checkout systems among small retail businesses4.4 Porter's Five Forces Analysis11.1 Market Share Analysis of Key Players11.2 List of Key Players11.3 Product Benchmarking of Key Players11.4 Competitive Benchmarking of Key Players11.5 Recent Activities of Major Players11.6 Strategic Developments of Key Players11.6.1 Product Launches11.6.2 Mergers and Acquisitions11.6.3 Partnerships11.6.4 Facility Expansion11.6.5 Other Developments
For more information about this report visit
Research and Markets also offers services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Retail, Point of Sale Equipment
Globe Newswire: 10:02 GMT Wednesday 15th May 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.