Cashierless technology, which enables consumers to shop without interacting with a cashier, is rapidly transforming the retail landscape. This shift is driven by innovations such as AI-powered sensors, cameras, and mobile payment systems that allow customers to enter stores, pick up items, and simply walk out—without ever standing in line or going through traditional checkouts.
Leading the charge are technologies like Amazon’s Just Walk Out, which uses computer vision and sensor fusion, and Zippin’s cashierless checkout, both of which are being implemented in grocery stores, airports, and sports stadiums across the U.S.
The growth of cashierless technology is being accelerated by a combination of factors, including consumers’ increasing preference for convenience, labor shortages, and the desire for touchless, contactless shopping experiences—especially following the COVID-19 pandemic. Retailers benefit by reducing labor costs, minimizing shoplifting, and creating a frictionless shopping experience that can boost customer satisfaction.
For stock investors, this trend offers opportunities in both the technology and retail sectors. Companies developing cashierless solutions, as well as retailers adopting the technology, are positioned for significant growth as the demand for more efficient and contactless shopping experiences rises.
Here are three companies poised to benefit from the rise of cashierless technology:
Amazon (AMZN): Amazon has pioneered cashierless technology with its Amazon Go stores, using AI, sensors, and computer vision to provide a seamless checkout-free shopping experience.
Zebra Technologies (ZBRA): Zebra provides cashierless solutions with real-time inventory tracking and autonomous checkout systems.
Diebold Nixdorf (DBD): Diebold Nixdorf specializes in retail automation and self-service technologies, including cashierless checkout solutions for global retailers.
With cashierless technology expanding into various sectors, investors should pay close attention to companies that are implementing or developing this technology, as it is likely to become a critical part of the future shopping experience.