AI-supported checkouts offer various advantages, such as Such as quick and easy installation, reducing in-store queues, reducing labor costs, improving customer experience and improving profit margins. By doing so, they are increasing the acceptance of AI-powered checkouts, which is triggering the growth of the AI-powered checkout market. Furthermore, the increasing digitization in the retail stores coupled with the increase in the number of retail stores, supermarkets and hypermarkets around the world presents a lucrative opportunity for the AI-powered checkout market player.

According to our latest market study on “AI-powered checkout marketplace Forecast to 2027 – Impact of COVID-19 and Global Analysis – By Component (Solution and Services), End-User (Supermarket and Hypermarket, Department Stores and Others) and Geography”, the market was valued at US$169.94 million in 2021 and it is also expected to reach $1,182.81 million by 2027; it is expected to grow at a CAGR of 37.2% from 2021 to 2027. The report highlights key factors driving the market growth as well as prominent players and their developments in the market.

The sample PDF shows the content structure and the type of information included in the report, which presents a qualitative and quantitative analysis: https://www.theinsightpartners.com/sample/TIPRE00013568

Strategic insights:

Players operating in the AI-enabled POS market are focusing on strategies like market initiatives, acquisitions, and new product launches to assert their positions in the AI-enabled POS market. Some developments by key players of the AI-powered POS market are:

In July 2020, AiFi announced plans to launch 330 new and retrofitted autonomous stores by the end of 2021.

In January 2020, Focal Systems announced a partnership with Connors Group to deliver impactful outcomes for retailers by combining the technologies of both companies.

Increase in adoption of new technologies in the retail sector

The growing influence of e-commerce and…