Over the past few
years, the number of online shoppers has increased in India, thus driving the
Scan and Go Market.
The report titled, “India PoS Scan and Go Market Outlook to 2030 –
Customer Journey and Business Side Penetration and Operational Business Model” by Ken Research believe that the increase in modern organized retail and
grocery stores will drive growth in India Scan and Go market in the future. The
market is further expected to be driven by increase in the number of cashless
transactions and increase in the number of online shoppers.
The shopping experience in India has evolved from manual
billing to digital billing over time, in which the user receives a printed
invoice. Now days, the companies are moving a step ahead to provide digital
invoice. A very recent development in the Indian market has been the
introduction of a self-checkout mechanism where the customer has an app on
their phone and they can use the app to scan the QR codes of the products they want
to purchase, pay through the app and leave the store. This is the PoS Scan and
Go model.
A common problem faced by modern grocery stores, especially
by the large format retail outlets/modern retail outlets, is queuing up of
customers. Due to longer queues, many customers tend to leave with empty carts
and do not purchase anything or may not even enter that particular store again.
Self-checkout is rapidly attracting customer attention and is quickly becoming
a trusted method of checkouts internationally; how-ever it is yet to become
popular in a developing country such as India. So far, very few grocery stores
(such as Big Bazaar and HyperCity) in India have released their own
self-checkout technology.The technology provides enriched shopping experience
along with efficient solutions for simplifying store processes.
In 2017, Indians downloaded 12.1
billion apps on their phones and tablets, which have almost tripled during the
period 2015-2017. It has been estimated that an Indian on an average spend
close to 3 hours using mobile application on a daily basis.
In the current scenario, the PoS Scan
and Go market is in its infancy stage. There have been very minimal
developments in the market in terms of companies entering or end users. Most of
the companies are in Pilot stage and are testing out their apps.
The usage of the self-checkout app
would be in the case of products which are need-based and reasonably priced.
There have been very minimal
developments in the market in terms of companies entering or end users. Most of
the companies are in Pilot stage and are testing out their apps. While there
have been many PoS Scan and Go applications released in countries abroad, most
of these have been brand-specific. The apps can be used for 1 particular brand
only but across all their stores.
People have started accepting cashless online transactions
and are willing to perform more online payments and increasing awareness among
the consumers regarding Scan and Go technology is further incentivizing the
retailers to adopt this technology.
India Self Checkout App Market
India PoS Scan and Go App Market
India PoS Scan Market
India Scan and Go Industry
India PoS Scan and Go Apps
India Payments Market
Digital Payments Market India
Self Checkout Apps India
India Upcoming Payment Technology
India Payment Automation QSR
India POS Market Airports
India Future Scan And Go App Market
India Scan and Go Potential Market
PoS Scan and Go App Market In India
Role Of AI in Payments Industry India
Key
Target Audience:-
PoS
companies
Scan and
Go Technology Companies
Retail
Sectors
Restaurants,
Cafes and QSR
Bookstore
and Stationary Stores
Electronic
Stores
Drugstores
and Pharmacies
Airports
(Food courts and Duty Free shops)
Entertainment
Centers
Investors
Time Period Captured in the Report:-
Current
Year: 2017
Forecast
Period: 2018-2030E
Companies Covered:-
Perpule
1Pay
Zwing
iRetail
SkippQ
Infinia
Retail
SIGNCATCH
and Axis Bank (Partnership)
For more information on the research
report, refer to below link:-
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
