Global Self Checkout Systems Market Size & Outlook
Global self checkout systems market, 2018-2030 (US$M)
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Global self checkout systems market highlights
- The global self checkout systems market generated a revenue of USD 4,354.7 million in 2023 and is expected to reach USD 10,494.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.4% by 2030.
- In terms of segment, systems accounted for a revenue of USD 2,687.0 million in 2023.
- Services is the most lucrative components segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,354.7 million |
| Market revenue in 2030 | USD 10,494.3 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Systems |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Systems, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 43.8% of the global self checkout systems market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 156.7 million by 2030.
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Self Checkout Systems Market Scope
Self Checkout Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global self checkout systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to self checkout systems market will help companies and investors design strategic landscapes.
Systems was the largest segment with a revenue share of 61.7% in 2023. Horizon Databook has segmented the Global self checkout systems market based on systems, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market for self-checkout systems is expanding at a steady rate due to the growing IoT penetration and technological advancements in the retail sector. Store owners are increasing their investments in technology to reduce in-store problems with inventory mapping, payment, product information identification, and customer experience.
For instance, lasers and motion sensors assist merchants in identifying products that are shoplifted or not scanned at self-checkout counters. Similarly, real-time stock-level information may be updated at counters with the help of sensors and the Internet of Things. Shop owners can use such technologies to free up employee time spent on assisting at checkout counters and utilize it in assisting consumers in shopping.
Historically, service-based sectors such as retail, restaurant, and hospitality have extensively relied on employees to provide a dedicated shopping experience across front-end desks, checkout arenas, and other operational areas. AI and ML algorithms are being used more frequently in self-checkout systems to automate various tasks, including pricing, product identification, and even fraud detection.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global self checkout systems market , including forecasts for subscribers. This global databook contains high-level insights into Global self checkout systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global self checkout systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Self checkout systems market size, 2023 (US$M)
Global self checkout systems market share, by components, 2023 & 2030 (%, US$M)
Self checkout systems market: Opportunity assessment by country
Global self checkout systems market, by region, 2023 (US$M)
| Components | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,119.8 | 1,277.1 | 1,384.2 | 1,538.0 | 1,711.4 | 1,907.1 | 2,128.2 | 2,378.6 | 2,662.4 | 2,984.6 | 3,351.1 | 3,768.6 | 4,245.4 | 12.1% |
| Europe | 730.2 | 839.9 | 918.4 | 1,029.4 | 1,155.8 | 1,299.6 | 1,463.7 | 1,651.1 | 1,865.6 | 2,111.4 | 2,393.6 | 2,718.3 | 3,092.7 | 13.2% |
| Asia Pacific | 512.2 | 604.5 | 677.8 | 778.7 | 895.6 | 1,031.1 | 1,188.5 | 1,371.5 | 1,584.6 | 1,833.1 | 2,123.3 | 2,462.8 | 2,860.7 | 15.7% |
| Latin America | 35.1 | 40.6 | 44.6 | 50.3 | 56.8 | 64.1 | 72.6 | 82.4 | 93.6 | 106.5 | 121.4 | 138.5 | 158.5 | 13.8% |
| MEA | 27.7 | 32.3 | 35.8 | 40.7 | 46.3 | 52.8 | 60.2 | 68.8 | 78.7 | 90.2 | 103.5 | 119.0 | 137.0 | 14.6% |
| Overall | 2,425.0 | 2,794.5 | 3,060.8 | 3,437.2 | 3,865.8 | 4,354.7 | 4,913.2 | 5,552.3 | 6,284.9 | 7,125.8 | 8,092.8 | 9,207.1 | 10,494.3 | 13.4% |
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