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Self-Checkout Kiosk Market is predicted to see lucrative gains over 2018-2024, U.S. Dominated the

Author : Ronak Bora | Published Date : 2019-04-08 

Global Market Insights, Inc. has launched a report on Self-Checkout Kiosk Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

U.S. self-checkout kiosk market is likely to continue its dominance over the forecast period. Proliferation of numerous retail stores such as Kroger, Safeway, and Wal-Mart are estimated to drive the demand over the forecast period. Latin America market is expected to witness attractive growth prospects from 2016 to 2023.

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Financial services, retail, entertainment, healthcare, and travel are the key end-use segments. Retail segment accounted for more than 45% of the overall self-checkout kiosk market share in 2015 and is forecast to achieve high potential through 2023. These systems are likely to enable retailers to modify their product offerings with respect to customers' data. Retail systems include barcode scanner, ATM, check stand, and weighing scale.

Retailers around the world are increasing their investments in adopting sophisticated kiosk systems to enhance consumer experience. This can be credited to escalating awareness regarding high quality customer service. In addition, rising application of these devices aids in significantly reducing overhead costs. Furthermore, it provides 24/7 access to the information. It also helps in collecting consumer data that may help retailer in customizing their offerings. Rising significance of these machines in hypermarkets, supermarkets, and department stores is expected to drive the self-checkout kiosk market.

Entertainment sector accumulated around 26% of the global self-checkout kiosk industry share in 2015. These machines are deployed in movie theaters, casinos, theme parks, sports arenas, and museums. They also provide a wide range of services such as printing photos, renting out DVDs, and ordering movie tickets.

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These machines are used to print tickets for direct sales and online purchases. Print-only kiosks help customers by allowing them to buy tickets online, and in cutting labor costs. Various movie theaters are coming up with systems that help in providing customer service at concession stands.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • NCR
  • Fujitsu
  • NEC
  • Toshiba
  • Pan-Oston
  • Wincor Nixdorf
  • OLEA Kiosks
  • PourMyBeer

Asia Pacific self-checkout kiosk market share is predicted to witness significant growth. Rapid growth in modern retail formats from emerging economies such as China and India is predicted to propel the market demand over next seven years.

Global self-checkout kiosk industry size is estimated to grow at a CAGR of over 16% from 2016 to 2023 and is likely to be valued at over USD 18 billion by 2023. Increasing demand for these devices from the retail industry is anticipated to drive industry growth over the forecast period.

Browse Full report: www.gminsights.com/industry-analysis/self-checkout-kiosk-market

Key industry partners accumulating substantial self-checkout kiosk market share include NCR, Fujitsu, NEC, Toshiba, Pan-Oston, and Wincor Nixdorf. Other prominent players in the industry include Versatile Credit, OLEA Kiosks, and PourMyBeer.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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