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AI-Powered Checkout Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component (Solution, Services); and End-user (Supermarket and Hypermarket, Departmental Stores, and Others)

  • ID: 5178582
  • Report
  • September 2020
  • Region: Global
  • 139 pages
  • The Insight Partners
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until Jan 15th 2021

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FEATURED COMPANIES

  • AiFi Inc.
  • FOCAL SYSTEMS INC.
  • Fujitsu Limited
  • Mashgin, Inc.
  • NCR Corporation
  • Standard Cognition
  • MORE
Increasing Adoption of Advanced Technologies Across the Retail Sector is Expected to Support the Market Growth During the Forecast Period.

According to this latest market study on “AI-Powered Checkout Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Component (Solution and Services) End-user (Supermarket and Hypermarket, Departmental Stores, and Others), and Geography” the market was valued at US$ 97.88 million in 2019 and is projected to reach US$ 1,182.81 million by 2027; it is expected to grow at a CAGR of 37.2% from 2019 to 2027.The report highlights key factors driving the market growth, and prominent players and their developments in the market.

The rising impact of e-commerce and continuous changes in consumer preferences are among the primary reasons that have led to stagnancy in the performance of the traditional retail sector. A few of the e-commerce market players are vigorously expanding their offline business operations to secure a share larger than the existing market share. Considering this, retailers operating worldwide are also continually looking forward to adopting more effective strategies to drive their revenue growth.

Before the introduction of automation in the retail sector, retailers faced tremendous pressure to surpass customer expectations and enhance organizational efficiencies. The AI-powered checkouts provide the ability to overcome all the challenges faced by them, further helping them automate their workflows and multiple processes that ease their operations. Further, the emergence of advanced technologies, such as AI, allows retail companies to meet customer expectations by offering highly efficient services. Thus, the rise in implementation of AI-powered checkouts in the retail sectors across several developed countries drives the market growth.

COVID-19 Impact on AI-Powered Checkout Market

At present, North America is the largest market in terms of revenue share of global AI-powered checkout market. The region is characterized by the presence of developed nations such as the US and Canada, where the demand for technology solutions & services is quite high owing to the huge presence of companies from various industry sectors. The COVID-19 pandemic continues to enforce the temporary closure of retail stores in the countries of North America, signalling an unprecedented disruption of commerce. Retailers and brands are facing various short-term challenges regarding health and safety, supply chain, labor force, cash flow, consumer demand, and marketing. In North America, stores started closing in the beginning of March, and this trend is expected to continue as cities and states battle to contain the spread of COVID-19. For instance, out of 26 Amazon Go, the AI-powered checkout, 22 stores have been shut down as people have been asked to not leave their houses. Further, COVID-19 pandemic is rapidly accelerating the tradition of digital commerce. As people are being told to follow social distancing, e-commerce orders for essentials and groceries have become a survival tool for the people in America.

The Report Segments the Global AI-Powered Checkout Market as follows:

By Component
  • Solution
  • Services
By End-User
  • Supermarket and Hypermarket
  • Departmental Stores
  • Others
By Geography

North America
  • US
  • Canada
  • Mexico
Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
Asia Pacific (APAC)
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM
Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the GlobalAI-powered Checkout Market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the globalAI-powered checkout market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AiFi Inc.
  • FOCAL SYSTEMS INC.
  • Fujitsu Limited
  • Mashgin, Inc.
  • NCR Corporation
  • Standard Cognition
  • MORE
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 AI-Powered Checkout Market - By Component
1.3.2 AI-Powered Checkout Market - By End-User
1.3.3 AI-Powered Checkout Market- By Region

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. AI-Powered Checkout Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. AI-Powered Checkout Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Rise in Demand for Self-Checkout Systems
5.1.2 Increase in Adoption of New Technologies in Retail Sector
5.2 Restraints
5.2.1 High Cost of Installation and Need of Supporting Infrastructure
5.3 Opportunities
5.3.1 Significant Technological Development Initiatives by Leading Companies
5.4 Future Trend
5.4.1 Development of Fully Automated Stores
5.5 Impact Analysis of Drivers and Restraints

6. AI-Powered Checkout Market - Global Analysis
6.1 Global AI-Powered Checkout Market Overview
6.2 AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning -Key Players

7. AI-Powered Checkout Market Analysis - By Component
7.1 Overview
7.2 AI-Powered Checkout Market Breakdown, by Component, 2019 & 2027
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market Revenue and Forecast to 2027 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services Market Revenue and Forecast to 2027 (US$ Million)

8. AI-Powered Checkout Market Analysis- By End User
8.1 Overview
8.2 Global AI-Powered Checkout Market Breakdown, By End User, 2019 & 2027
8.3 Supermarket and Hypermarket
8.3.1 Overview
8.3.2 Supermarket and Hypermarket Market Revenue and Forecast to 2027 (US$ Million)
8.4 Departmental Store
8.4.1 Overview
8.4.2 Departmental Store Market Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue and Forecast to 2027 (US$ Million)

9. AI-Powered Checkout Market - Geographic Analysis
9.1 Overview
9.2 North America: AI-Powered Checkout Market
9.2.1 North America: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: AI-Powered Checkout Market, by Component
9.2.3 North America: AI-Powered Checkout Market, by End User
9.2.4 North America: AI-Powered Checkout Market, by Key Country
9.2.4.1 US:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US:AI-Powered Checkout Market, by Component
9.2.4.1.2 US:AI-Powered Checkout Market, by End User
9.2.4.2 Canada: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: AI-Powered Checkout Market, by Component
9.2.4.2.2 Canada: AI-Powered Checkout Market, by End User
9.2.4.3 Mexico: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: AI-Powered Checkout Market, by Component
9.2.4.3.2 Mexico: AI-Powered Checkout Market, by End User
9.3 Europe: AI-Powered Checkout Market
9.3.1 Europe: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: AI-Powered Checkout Market, by Component
9.3.3 Europe: AI-Powered Checkout Market, by End User
9.3.4 Europe: AI-Powered Checkout Market, by Key Country
9.3.4.1 France: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 France: AI-Powered Checkout Market, by Component
9.3.4.1.2 France: AI-Powered Checkout Market, by End User
9.3.4.2 Germany: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 Germany: AI-Powered Checkout Market, by Component
9.3.4.2.2 Germany: AI-Powered Checkout Market, by End User
9.3.4.3 Italy: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: AI-Powered Checkout Market, by Component
9.3.4.3.2 Italy: AI-Powered Checkout Market, by End User
9.3.4.4 UK:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK:AI-Powered Checkout Market, by Component
9.3.4.4.2 UK:AI-Powered Checkout Market, by End User
9.3.4.5 Russia: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: AI-Powered Checkout Market, by Component
9.3.4.5.2 Russia: AI-Powered Checkout Market, by End User
9.3.4.6 Rest of Europe: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: AI-Powered Checkout Market, by Component
9.3.4.6.2 Rest of Europe: AI-Powered Checkout Market, by End User
9.4 APAC: AI-Powered Checkout Market
9.4.1 APAC:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC:AI-Powered Checkout Market, by Component
9.4.3 APAC:AI-Powered Checkout Market, by End User
9.4.4 APAC:AI-Powered Checkout Market, by Key Country
9.4.4.1 Australia: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 Australia: AI-Powered Checkout Market, by Component
9.4.4.1.2 Australia: AI-Powered Checkout Market, by End User
9.4.4.2 China: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 China: AI-Powered Checkout Market, by Component
9.4.4.2.2 China: AI-Powered Checkout Market, by End User
9.4.4.3 India: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: AI-Powered Checkout Market, by Component
9.4.4.3.2 India: AI-Powered Checkout Market, by End User
9.4.4.4 Japan: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 Japan: AI-Powered Checkout Market, by Component
9.4.4.4.2 Japan: AI-Powered Checkout Market, by End User
9.4.4.5 South Korea: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: AI-Powered Checkout Market, by Component
9.4.4.5.2 South Korea: AI-Powered Checkout Market, by End User
9.4.4.6 Rest of APAC:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC:AI-Powered Checkout Market, by Component
9.4.4.6.2 Rest of APAC:AI-Powered Checkout Market, by End User
9.5 MEA: AI-Powered Checkout Market
9.5.1 MEA:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA:AI-Powered Checkout Market, by Component
9.5.3 MEA:AI-Powered Checkout Market, by End User
9.5.4 MEA:AI-Powered Checkout Market, by Key Country
9.5.4.1 South Africa: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: AI-Powered Checkout Market, by Component
9.5.4.1.2 South Africa: AI-Powered Checkout Market, by End User
9.5.4.2 Saudi Arabia: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: AI-Powered Checkout Market, by Component
9.5.4.2.2 Saudi Arabia: AI-Powered Checkout Market, by End User
9.5.4.3 UAE:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE:AI-Powered Checkout Market, by Component
9.5.4.3.2 UAE:AI-Powered Checkout Market, by End User
9.5.4.4 Rest of MEA:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA:AI-Powered Checkout Market, by Component
9.5.4.4.2 Rest of MEA:AI-Powered Checkout Market, by End User
9.6 SAM: AI-Powered Checkout Market
9.6.1 SAM:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM:AI-Powered Checkout Market, by Component
9.6.3 SAM:AI-Powered Checkout Market, by End User
9.6.4 SAM:AI-Powered Checkout Market, by Key Country
9.6.4.1 Brazil: AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: AI-Powered Checkout Market, by Component
9.6.4.1.2 Brazil: AI-Powered Checkout Market, by End User
9.6.4.2 Rest of SAM:AI-Powered Checkout Market - Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Rest of SAM:AI-Powered Checkout Market, by Component
9.6.4.2.2 Rest of SAM:AI-Powered Checkout Market, by End User

10. Impact of COVID-19 Pandemic on Global AI-Powered Checkout Market
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa
10.6 South America

11. Industry Landscape
11.1 Merger and Acquisition
11.2 New Development

12. Company Profiles
12.1 Mashgin, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AiFi Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FOCAL SYSTEMS INC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Accel Robotics Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Toshiba Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Fujitsu Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NCR Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Standard Cognition
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Trigo
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Zippin
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index
Note: Product cover images may vary from those shown
  • Mashgin, Inc.
  • AiFi Inc.
  • FOCAL SYSTEMS INC.
  • Accel Robotics Corporation
  • Toshiba Corporation
  • Fujitsu Limited
  • NCR Corporation
  • Standard Cognition
  • Trigo
  • Zippin
Note: Product cover images may vary from those shown
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