New research suggests that the self-checkout market will be worth north of $6bn by 2026.
The new report from Global Market Insights suggests the adoption of self-checkout systems in restaurants will be a key driver of the growth of the industry.
The growth of the market is also due to ubiquity of cashless payment solutions, which include mobile apps and e-wallets that enable customers to scan products themselves and that make self-checkouts easier.
“Government regulations and policies to adopt cashless transaction techniques are expected to drive the adoption of cashless self-checkout systems,” the researchers wrote. “Large retail and food chain companies are supporting government initiatives by offering cashless checkout options to customers.”
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