The self-checkout systems market is expected to be valued at USD 2.5 billion in 2016 and is likely to reach USD 4.6 billion by 2022, at a CAGR of 10.68% during the forecast period.

The growth of this market is being propelled by the growing deployment of these systems in various formats of retail stores such as supermarkets, hypermarkets, department stores, and convenience stores. The major reason behind this increase in demand is the ability of these systems to help retailers in reducing the checkout time, providing more personalized services at the store, and reducing the operational cost of the stores.

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The cash model type dominated the self-checkout systems market because of their high popularity among the retailers and customers, as compared to the cashless model type. Most customers like to have option of making payment through cash or through the card, or both. The cash model type systems give the payment flexibility to the customers, thus increasing the popularity of these systems.

The wall-mounted and countertop mounting type self-checkout systems market is expected to witness significant growth during the forecast period. The space required for installing the countertop or wall-mounted systems is usually less than that of stand-alone systems; this has led to the increased demand for the wall-mounted and countertop self-checkout systems from retail stores having space constraints.

Key players in the self-checkout systems market include NCR Corporation (US), Diebold Nixdorf (US), Fujitsu (Japan), Toshiba TEC (Japan), and ITAB ScanFlow (Sweden). NCR Corporation is a well-known name in the global market for self-checkout systems.