By 2027, the volume of shipments for self-registration may exceed 300 thousand: the report

Short dive:

  • Signaling the growth in demand for self-clearance technology, suppliers of self-monitoring terminals in 2021 sent 200,000 shipments internationally, but this figure is projected to exceed 300,000 by 2027. RBR Global EPOS and Self-Checkout 2022 report.
  • The global market for self-cash terminals grew by 11% in 2021. According to the report, the timing of accepting cash has dropped from almost 47% of total shipments in 2020 to about 39% of total shipments in 2021.
  • Conversely, between 2020 and 2021, the number of sent non-cash payment terminals increased from just over half to 61%.

Diving Insight:

RBR, a London-based research and consulting firm founded in 1992, has pointed to a number of catalysts that stimulate the growth of self-cash. Retailers in the Asia-Pacific region, primarily in Australia, China, Malaysia and Indonesia, are stimulating growth through the deployment of technology. Meanwhile, rising minimum wages and labor shortages in Canada, South Korea, Poland and other countries could also cause an increase in demand for self-pay.

Per RBR Findings Both large and specialist retailers have begun to deploy the technology, including such diverse companies as Bed Bath & Beyond, Spinx and Royal Farms. As more retailers introduce cashless cash registers, they are also redesigning their cash registers to accommodate more cash registers, RBR noted.

Retailers in the US also use self-purchase technology. Amazon has expanded the technology of cash register registration in its own places, including its grocery stores Freshand also sold the technology to other retailers by opening a Hudson travel store him the first store using techn at Dallas Love Field Airport last year. Last month the dollar general started trying self-examination about 200 of the more than 18,000 stores.

Although retailers are increasingly using self-paying technologies, research shows that tools can be improved. Six out of 10 respondents by 2021 Raydiant poll they said preferred independent cash registers to store employeesbut 67% said the self-expression station failed during its use, and 65% worried about their cleanliness.

Self-payment technology is advancing in other ways. The RBR report notes that some self-cash terminals recognize goods, so consumers do not need to scan them. Russia’s X5 Retail Group has also released face recognition software for payment in 50 of its supermarkets, the report said.

In 2020, Kroger turned to Everseen, an Irish firm of AI detect unscanned items in self-examination terminals. In addition to reducing shrinkage, suppliers self-checkout also develop technology to accurately detect objects and check the age of customers when purchasing age-restricted goods.

https://www.retaildive.com/news/self-checkout-shipments-300k-2027-rbr/626193/ By 2027, the volume of shipments for self-registration may exceed 300 thousand: the report

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