The self-checkout systems provide customers convenience, privacy, and control, due to which they are gaining popularity in the retail industry. This factor has led to its high rate of adoption of these systems in large retail formats such as supermarkets and hypermarkets and has also started penetrating into convenience stores, specialty stores, and other small format retail stores.

The self-checkout systems market was valued at USD 2.24 Billion in 2015 and is expected to reach USD 4.58 Billion by 2022, at a CAGR of 10.7% during the forecast period. 

Supermarkets held the largest size of the self-checkout systems market, segmented on the basis of end users, in 2015, followed by the hypermarkets and department stores. The flow of customers and the number of items purchased by each customer in supermarkets, hypermarkets, and department stores are usually more than any other retail store formats. This factor leads to the need for more number of checkout counters in these stores which also results in high demand for self-checkout systems from these end users.

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The market for cashless model type is expected to grow at a higher rate during the forecast period. The advantages of cashless model type over cash model type self-checkout systems, such as lower price and lesser complexity, have led to the increase in its adoption rate, especially in small retail store formats.

The major players operating in this market include NCR Corporation (U.S.), Toshiba TEC Corporation (Japan), Fujitsu Limited (Japan), Diebold Nixdorf, Inc. (U.S.), ECR Software (ECRS) Corporation (U.S.), Pan-Oston Co. (U.S.), ITAB Scanflow AB (Sweden), and PCMS Group plc (U.K.), among others.