- GK ranks top in new retail POS software installations worldwide for the fourth year in a row.
- GK is also once again among the top vendors worldwide for self-scanning installations.
Globally and in terms of all POS installations in eight industries surveyed, GK improved by one rank to fifth place, compared to the previous year. 34,500 new installations by GK underline that both new customer business and the expansion of systems with existing customers are progressing ideally, and that projects are being completed quickly. This makes GK Software one of the fastest growing companies in the retail technology sector. Europe remains the company's core market, with ALDI and the Schwarz Group as customers. Still, the strong development in the US, with customers such as Hy-Vee, is supporting GK's position globally.
Enormous growth potential for self-scanning installations
As early as May 2022, the analysts at RBR had issued the report “Mobile Self-Scanning and Checkout-Free 2022” on market development around mobile scanning and payment solutions as well as checkout-free systems, i.e., technological solutions without a classic scanning and payment process. According to the report, scanning with customers' smartphones or retailers' own devices is expected to be possible in more than 160,000 stores worldwide by 2027, which would represent a threefold increase from the current market within the next 5 years. GK ranks third among mobile self-scanning software vendors worldwide in the study, which uses data from 2021. While the overall market for mobile self-scanning and checkout-free installations grew by 26% between 2020 and 2021, the share of these systems powered by software from GK grew by 45.6%. RBR examined the market shares of more than 60 software and hardware vendors across 23 countries.
RBR is a strategic research and consulting firm with three decades of experience in banking and retail automation, cards and payments. RBR supports its clients by providing independent advice and information, with reports, consultancy, newsletters, and events.