What Fueled The Previous Growth In The Retail Self Scanning Solutions Market?
The retail self scanning solutions market has seen considerable growth due to a variety of factors.
• The retail self-scanning solutions market has grown rapidly in recent years. It will grow from $5.36 billion in 2024 to $6.25 billion in 2025, at a compound annual growth rate (CAGR) of 16.7%.
This growth is driven by increasing consumer demand for convenience, the growth of e-commerce, higher store efficiency, the expansion of omnichannel retailing, and improved inventory management practices.
How Does the Forecast Look for the Retail Self Scanning Solutions Market?
The retail self scanning solutions market is expected to maintain its strong growth trajectory in upcoming years.
• The retail self-scanning solutions market is projected to reach $11.52 billion by 2029 at a CAGR of 16.5%.
This growth is driven by the digital transformation of retail, demand for contactless shopping, focus on customer convenience, and the growing popularity of self-service kiosks. Key trends include the adoption of mobile self-scanning apps, advancements in RFID and barcode scanning technologies, user-friendly interface development, and digital payment platform integration.
What Are The Leading Drivers Of Growth In The Retail Self Scanning Solutions Market?
The surge in e-commerce is set to drive the expansion of the retail self-scanning solutions market. Essentially, e-commerce or electronic commerce entails the trade of goods or services through the internet or electronic networks. It covers a range of transactions such as online retail outlets, B2B sales, digital marketplaces and online auctions. The growth of e-commerce is credited to factors like enhanced internet access, convenience in shopping, technological progression, and a broader selection of products. Retail self-scanning solutions significantly boost e-commerce by combining physical store and online shopping experiences, improving stock management, collecting shopper data, simplifying click-and-collect services, and escalating customer engagement and satisfaction. For example, as reported by the United States Census Bureau, a government agency in the US, in May 2024, the total sales from U.S. retail e-commerce for the first quarter amounted to $289.2 billion, up by 2.1% (±0.7%) compared to the last quarter of 2023. Hence, the surge in e-commerce is a major driving force for the retail self-scanning solutions market's growth.
How Are The Segments Defined Within The Global Retail Self Scanning Solutions Market?
The retail self scanning solutions market covered in this report is segmented –
1) By Type: Hardware, Software, Other Types
2) By Transaction: Cash Based, Cashless
3) By Application: Convenience Stores, Department Stores, Supermarkets, Hypermarkets, Specialty Retailers, Other Applications
Subsegments:
1) By Hardware: Self-Scanning Kiosks, Barcode Scanners, RFID Tags And Scanners, Touchscreen Displays, Self-Checkout Terminals, Mobile Self-Scanning Devices
2) By Software: Self-Scanning Software Platforms, Mobile Applications For Self-Scanning, POS (Point Of Sale) Integration Software, Inventory Management Software, Data Analytics And Reporting Software
3) By Other Types: Payment Solutions, Cloud-Based Solutions For Scanning And Checkout, Artificial Intelligence (AI) Solutions For Product Identification And Authentication
Pre-Book The Retail Self Scanning Solutions Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Retail Self Scanning Solutions Market?
In the retail self-scanning solutions market, leading businesses are concentrated on innovating superior solutions such as automated checkout systems. These systems are designed to refine shopping experiences, reduce checkout time, and streamline operations for both customers and retailers alike. Automated checkout systems, a form of self-service technology, enables consumers to scan and pay for their purchases independently, effectively reducing cashier engagement and promoting overall shopping productivity. Take for example Enactor, a British retail software company, introduced the Enactor Self-Checkout in December 2023. This state-of-the-art, adaptable self-checkout solution enriches the retail journey for both shoppers and store-owners. It enables speedy checkout procedures powered by high-tech RFID scanning technology for quick product identification. Its high adaptability platform provides uninterrupted customer interaction across diverse sectors, leading to quicker transactions, better scanning precision, instant stock management, improved security, and insightful analytics.
Who Are the Key Players In The Retail Self Scanning Solutions Market?
Major companies operating in the retail self scanning solutions market are:
• Panasonic Holdings Corporation
• Honeywell International Inc.
• Fujitsu Limited
• NCR Voyix Corporation
• Zebra Technologies Corporation?
• Mettler-Toledo International Inc.
• Diebold Nixdorf Incorporated?
• Verifone Systems Inc.
• Bizerba SE & Co. KG
• Lightspeed Commerce Inc.
• Datalogic S.p.A.
• Elo Touch Solutions Inc.
• Pricer AB
• Impinj Inc.
• TSC Auto ID Technology Co. Ltd.
• Scandit AG
• Newland EMEA
• Trigo Vision Ltd.
• CipherLab Co. Ltd.
• Digimarc Corporation
• Konvergence S.r.l.
• Socket Mobile Inc.
• Datema Retail B.V.
• Bluebird Inc.
• Aila Technologies Inc.
What Is The Most Dominant Region In The Retail Self Scanning Solutions Market?
North America was the largest region in the retail self scanning solutions market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail self scanning solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
