Global Self Service Supermarket Market

Self Service Supermarket Market Size, Share, Growth Analysis, By Component(Systems and Services), By Type(Cash-based Systems and Cashless Based Systems), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45A2272 | Region: Global | Published Date: April, 2024
Pages: 194 |Tables: 59 |Figures: 75

Self Service Supermarket Market Insights

Global Self Service Supermarket Market size was valued at USD 3.4 Billion in 2022 and is poised to grow from USD 3.83 Billion in 2023 to USD 9.89 Billion by 2031, growing at a CAGR of 1.26% in the forecast period (2024-2031).

Self service systems are automated systems used in the retail, grocery and hospitality industries to help customers place their order and check out without employee intervention. Modern self-test systems have been adapted and built to improve efficiency, cost, processability and reliability to meet market demands.

Self service supermarket sensor refers to the use of various sensors and technologies to enhance customers’ shopping experience in supermarkets. These sensors can be used to monitor inventory levels, track foot traffic, analyze customer behavior and provide personalized recommendations to customers. Radio frequency identification (RFID) tags are commonly used in self service supermarket sensors to track inventory levels and ensure timely replenishment. These tags are attached to products and scanned by sensors to provide real-time information about availability and location of storage.

One new solution that has emerged in recent years is automated scanning technology, which provides consumers with the option of self-service using the power of technology. Consumers act as cashiers, scan and pay for their purchases in person. The use of sensor technology in supermarkets has changed the nature of customer-employee relationships to customer-technology relationships. Sensors in self service supermarkets play an important role in facilitating this new consumer-technology relationship. These sensors allow customers to independently analyze and process purchases, eliminating the need for administrative support. By using technology, customers can move through the checkout process with ease, making it more convenient and speeding up their shopping experience.

Market Snapshot - 2024-2031

Global Market Size

USD 3.4 Billion

Largest Segment

Systems

Fastest Growth

Services

Growth Rate

1.26% CAGR

Global Self Service Supermarket Market ($ Bn)
Country Share for North America Region (%)

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Self Service Supermarket Market Segmental Analysis

The self service supermarket market overview is segmented by component, type, and region. By component, the market is divided into systems and services. By type, the market is classified into cash-based systems and cashless based systems. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Analysis by Component

The systems segment accounts for the largest market share by 2022. This is due largely to the increasing use of cutting-edge technologies in self-care systems, such as artificial intelligence, voice interfaces and computer vision. The most recent hybrid self-checkout systems have advanced security features, large cash empowerment, user-friendly customer interface, multi-item scanning, cashless transactions and consumer desire for cashless. Increasingly, it encourages retailers to incorporate new high-tech insertion systems.

The services segment is the fastest growing in the market. Even in a self-service setting, customers may need assistance or have questions about products, promotions, or store layouts. Having knowledgeable and easily accessible employees can improve the overall customer experience. Self service supermarkets often rely on technology, such as self-service kiosks and mobile apps. Technical support, maintenance and troubleshooting services are essential to ensure a simple and efficient customer testing process. Personalized services, such as loyalty programs, can increase customer engagement and encourage repeat business through personalized recommendations and targeted promotions established based on purchasing history delivery.

Analysis by Type

The cash-based system segment accounts for the largest market share by 2022. The market is driven by the growing availability of paper transactions for small, medium and large merchants with very few products in their bags who wish to do pay in self-service outlets. Moreover, many customers are willing to pay for the expected segment’s growth. Another important influencing factor in improving market development is government encouragement of equities. Cash-based systems are playing a dominant role in the global self service supermarket industry, delivering benefits to consumers and supermarkets alike.

 

Cashless transactions is the fastest growing segment in the market including credit/debit cards, mobile wallets, and contactless payments, often facilitate quick and efficient cash collection. Customers can complete transactions faster, reducing wait times and enhancing the overall shopping experience. The cashless system provides convenience and flexibility for customers who do not want to carry physical cash. With the rise of mobile payment apps and contactless cards, consumers can easily make purchases using their preferred digital payment methods.

Global Self Service Supermarket Market By Component (%), 2022 (%)

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Self Service Supermarket Market Regional Insights

North America region in the global self service supermarket market generated the highest revenue in 2022. North America is known for its highly advanced technology and infrastructure. The growth of the regional market is expected to be aided by expansion in retail and hospitality sectors except omnichannel initiatives accept to provide the experience. Other factors contributing to the regional market expansion include increased urbanization, lower transaction experience in networks and adoption of new technologies.

 

The Asia-Pacific region is expected to grow at a significant CAGR. The Asia-Pacific region is home to a large portion of the world’s population. The diversity of consumer demographics in countries such as China, India, Japan, South Korea, etc. makes this segment an important market for self service supermarkets Understanding and providing services to a wide range of within the company is essential to success. Many countries in the Asia-Pacific region are experiencing rapid economic growth and urbanization. The growing middle class and increasing urbanization are contributing to changes in lifestyle and consumer behavior, creating opportunities for the expansion of self service supermarkets. The Asia-Pacific region is known for its rapid adoption of technology. This includes the widespread use of smartphones, digital payment methods and other technological innovations. Self-service department stores in the region often use advanced technology to improve customer experience and streamline operations.

Global Self Service Supermarket Market By Geography, 2024-2031
  • Largest
  • Fastest

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Self Service Supermarket Market Dynamics

Drivers

Growing Demand for Improved Customer Experience to Drive Market Growth

  • Increase in consumers’ need for enhanced experience is one of the major drivers for global self service supermarket market growth. Using sensors and other technologies, retailers can provide customers with a more relevant and efficient shopping experience. Sensors can be used to track a customer’s shopping habits and create personalized product recommendations based on their preferences. For example, if a customer frequently buys organic products, the sensor system can suggest similar products or offer personalized coupons. Using sensors, the automatic collection system can speed up payment processing, eliminating the need for customers to wait in long payment lines. By scanning and downloading items from a customer’s account, the sensors can provide a faster and more efficient checkout experience. Sensors can be used to track walk and analyze shopper behavior, enabling retailers to optimize store layouts and product placements. For example, sensors can identify frequented areas of the store and adjust displays accordingly.

Increased Use of AI and IoT in Supermarket Automation Systems to Provide Better Opportunities

  • Organizations aim to create a shopping experience that matches the customer’s digital preferences and expectations. For example, automated systems using AI technology aim to improve revenue and streamline overall procurement activity. This revolutionary technology allows customers to quickly scan items, pay and receive receipts without waiting. These automation and search technologies, with artificial intelligence, can early detection. In other words, they see things almost instantly and from any perspective. This groundbreaking technology provides a smooth and personalized experience, as well as more automation and less physical interaction. With personalized information and services available at the click of a button across all social media, entertainment and e-commerce platforms, customers want the same level of customization.

Restraints

Lack of Awareness of Self service supermarkets Hinders Market Growth

  • Lack of awareness about practical applications of supermarket sensors in underdeveloped regions is expected to restrain the growth of the market. Increase in shoplifting, fraud and skimming is expected to hamper market expansion. Another factor that may influence market expansion is the reluctance of older people to use self-funding services. Illnesses such as movement problems, dementia, hearing loss, vision loss and memory loss require intensive care for everyone. Furthermore, lack of technological literacy in developing countries basically leads to the avoidance of self-service checkout systems these are all major factors expected to hinder the uptake of supermarket sensors the growth trajectory of the self-employed market during the forecast period.

Risk of Data Breach and Breach of Privacy

  • One of the most significant constraints facing the global supermarket self-service market is the widespread data privacy and security concerns. As virtualization technology continues to evolve and integrate with consumer shopping experiences, the collection and management of more personal data is inevitable however, this important collection of information a shopping habit, including preferences and personal identification puts buyers and sellers at greater risk of data breaches as well as privacy violations and serious breaches. The high-profile incidents highlighted weaknesses in the digital sector types of emphasis, raising fears among consumers about the security of their personal information.

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Self Service Supermarket Market Competitive Landscape

The self service supermarket market is highly competitive, with established players and new entrants vying for market share through technological innovation, personalized services, and sustainable practices. Companies like Amazon with Amazon Go stores, Microsoft with cloud computing services play a major role in shaping their own supermarket market Amazon Go pioneered the concept of a completely cashless store, where Microsoft cloud enables retailers to deploy advanced features in a seamless shopping experience computer vision and sensor fusion technology. The solution provides data analytics services, enabling them to deploy and optimize their service technology.

Top Player’s Company Profiles

  • Diebold Nixdorf
  • Incorporated ECR Software Corporation
  • FUJITSU
  • Gilbarco Inc.
  • ITAB Group
  • NCR Corporation
  • Pan-Oston
  • PCMS Group Ltd.
  • Strong Point
  • Toshiba Global Commerce Solutions
  • Nudge Rewards Inc.
  • GuideSpark
  • Beekeeper AG
  • Sociabble, Inc.
  • SocialChorus. Inc.
  • Poppulo
  • OurPeople
  • Smarp
  • Theemployeeapp
  • Workvivo Limited

Recent Developments

  • In September 2022, MUJI, a leading retailer, announced the installation of MishiPay’s Self-Checkout Kiosks in its London stores. The self-service kiosks complement MishiPay's mobile self-checkout technology, which the brand has already deployed in its European stores, to provide a complete self-checkout solution and enable all customers to be independent has gone shopping.
  • In February 2024, NCR Corporation announced the launch of its next-generation self-purchase solution, NCR Voix Commerce Platform, funded by NCR-Voix's Next Generation self-purchase solution for both sellers and buyers. The most significant enhancements to the experience are that it addresses the changing customer journey, includes demographics and payments, and offers an agile, modern software-as-a-service (SaaS) technology stack with hardware access.
  • In June 2023, Gem OpenCube technologies pvt ltd. developed the world’s first automatic water, tea and coffee (WTC) vending machine. As an automated tea shop on the street, this machine is a fully automatic dispenser of water, tea, coffee and biscuits that works 24/7 without human intervention.

Self Service Supermarket Key Market Trends

  • Rising Adoption of IoT and Technological Advancements: The increasing adoption of IoT and technological advancements in the retail sector are the major factors driving the emergence of autonomous supermarket sensors. Retailers are investing in technology to reduce in-store hassles. These problems typically involve inventory visualization, customer experience, billing, and product information identification. For example, laser motion sensors help retailers detect items that have been stolen in-store or unattended on their checkouts. Additionally, using a self-coin (SCO) system allows customers to browse quickly without administrative assistance, provides in-store promotional opportunities, and helps customers understand product assortment thus, the self-discovery system acts as new touchpoints, customer engagement, shopping for retailers.

Self Service Supermarket Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

The global self service supermarket market is witnessing strong growth, fueled by evolving consumer preferences, technological advances, and demand for operational efficiency. Furthermore, the emergence of bank-free stores enabled by AI and computer vision technologies to provide a seamless and uninteractive shopping experience is driving market growth. However, data privacy and security concerns pose significant challenges, as virtual technology often requires the collection and processing of sensitive customer information.

Report Metric Details
Market size value in 2022 USD 3.4 Billion
Market size value in 2031 USD 9.89 Billion
Growth Rate 1.26%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Systems and Services
  • Type
    • Cash-based Systems and Cashless Based Systems
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Diebold Nixdorf
  • Incorporated ECR Software Corporation
  • FUJITSU
  • Gilbarco Inc.
  • ITAB Group
  • NCR Corporation
  • Pan-Oston
  • PCMS Group Ltd.
  • Strong Point
  • Toshiba Global Commerce Solutions
  • Nudge Rewards Inc.
  • GuideSpark
  • Beekeeper AG
  • Sociabble, Inc.
  • SocialChorus. Inc.
  • Poppulo
  • OurPeople
  • Smarp
  • Theemployeeapp
  • Workvivo Limited
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Self Service Supermarket Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Self Service Supermarket Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Self Service Supermarket Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Self Service Supermarket Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Self Service Supermarket Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Self Service Supermarket Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Self Service Supermarket Market size was valued at USD 3.4 Billion in 2022 and is poised to grow from USD 3.83 Billion in 2023 to USD 9.89 Billion by 2031, growing at a CAGR of 1.26% in the forecast period (2024-2031).

The self service supermarket market is highly competitive, with established players and new entrants vying for market share through technological innovation, personalized services, and sustainable practices. Companies like Amazon with Amazon Go stores, Microsoft with cloud computing services play a major role in shaping their own supermarket market Amazon Go pioneered the concept of a completely cashless store, where Microsoft cloud enables retailers to deploy advanced features in a seamless shopping experience computer vision and sensor fusion technology. The solution provides data analytics services, enabling them to deploy and optimize their service technology. 'Diebold Nixdorf', 'Incorporated ECR Software Corporation', 'FUJITSU', 'Gilbarco Inc.', 'ITAB Group', 'NCR Corporation', 'Pan-Oston', 'PCMS Group Ltd.', 'Strong Point', 'Toshiba Commerce Solutions', 'Nudge Rewards Inc.', 'GuideSpark', 'Beekeeper AG', 'Sociabble, Inc.', 'SocialChorus. Inc.', 'Poppulo', 'OurPeople', 'Smarp', 'Theemployeeapp', 'Workvivo Limited'

Increase in consumers’ need for enhanced experience is one of the major drivers for self service supermarket market growth. Using sensors and other technologies, retailers can provide customers with a more relevant and efficient shopping experience. Sensors can be used to track a customer’s shopping habits and create personalized product recommendations based on their preferences. For example, if a customer frequently buys organic products, the sensor system can suggest similar products or offer personalized coupons. Using sensors, the automatic collection system can speed up payment processing, eliminating the need for customers to wait in long payment lines. By scanning and downloading items from a customer’s account, the sensors can provide a faster and more efficient checkout experience. Sensors can be used to track walk and analyze shopper behavior, enabling retailers to optimize store layouts and product placements. For example, sensors can identify frequented areas of the store and adjust displays accordingly.

Rising Adoption of IoT and Technological Advancements: The increasing adoption of IoT and technological advancements in the retail sector are the major factors driving the emergence of autonomous supermarket sensors. Retailers are investing in technology to reduce in-store hassles. These problems typically involve inventory visualization, customer experience, billing, and product information identification. For example, laser motion sensors help retailers detect items that have been stolen in-store or unattended on their checkouts. Additionally, using a self-coin (SCO) system allows customers to browse quickly without administrative assistance, provides in-store promotional opportunities, and helps customers understand product assortment thus, the self-discovery system acts as new touchpoints, customer engagement, shopping for retailers.

North America region in the self service supermarket market generated the highest revenue in 2022. North America is known for its highly advanced technology and infrastructure. The growth of the regional market is expected to be aided by expansion in retail and hospitality sectors except omnichannel initiatives accept to provide the experience. Other factors contributing to the regional market expansion include increased urbanization, lower transaction experience in networks and adoption of new technologies.

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Global Self Service Supermarket Market

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