Self Service Kiosk Market Growth Driven by Smart Cities to Hit 5% CAGR to 2020

Feb 15, 2016, 05:00 ET from ReportsnReports

PUNE, India, February 15, 2016 /PRNewswire/ --

According to Global Self-Service Kiosk Market 2016 - 2020 report, interactive touchscreen kiosks are a noteworthy feature of smart cities, which are growing in number across the globe and analysts forecast the self service kiosk market to grow at a CAGR of 5% during the period 2016 - 2020. These kiosks are used in smart cities for interactive advertisements, online shopping, and tourist information, among others. Kiosk vendors are taking notice of the opportunity they have in smart cities.

Complete report on self-service kiosk market spread across 39 pages, analyzing 5 major companies and providing 11 data exhibits is now available at http://www.reportsnreports.com/reports/470965-global-self-service-kiosk-market-2016-2020.html .

Tablet computers which are sleek and handy are fast replacing big self-service kiosk machines. In hotels and restaurants, tablets are being used to allow customers to check in, place orders, and provide feedback. Different industries are expected to adopt tablets in order to replace kiosks and save significantly on costs.

Application Segmentation and Analysis of the Self-service Kiosk Market - Entertainment, Financial services, Healthcare, Retail, Travel and Others (public spaces, educational institutions, governments, hotels, and restaurants)

The retail segment dominated the market during 2015, with a market share of 46%. Self-service kiosks are used in self-checkout systems, which are witnessing high adoption. This helps retailers reduce labor costs and consumers to save time.  Order a copy of Global Self-service Kiosk Market 2016 - 2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=470965.  

The Americas accounted for 62% of the market share during 2015 and is expected to grow at a CAGR of 2% during the forecast period. The presence of large retailers in the US and increasing adoption of self-service kiosks by segments such as entertainment and financial services is driving the market in the region.

The self-service kiosk market is highly fragmented due to the presence of numerous small and large vendors. This has led to high market competition with several vendors expanding their global presence and entering their competitors' territories. The vendors in the market compete on the basis of hardware, software, portfolio, pricing, and services offered.  

The key vendors analyzed in self-service kiosk market report are Diebold, IBM, KIOSK Information Systems, NCR, and Slabb. Other prominent vendors in the market include Meridian, Outerwall, Phoenix Kiosk, Photo Finale, Rosendahl Conceptkiosk, and TravelersBox.

Further, the self-service kiosk market report states that self-service kiosks can become the target of cyber-attacks. Improper security measures in kiosks make it easy for hackers to infiltrate the kiosk system and misuse it for leaking private data.

Another related report is Global Self-Checkout Terminals Market 2015-2019, which projects the global self-checkout terminals market to grow at a tremendous rate of 16% during the forecast period. The major end-users of these terminals are the retail sector. However, there are many small convenience stores worldwide, especially in APAC, and the terminals used in retails outlets are inappropriate at these small stores. To tap the sales in these outlets, vendors have introduced small-sized self-checkout terminals. With the introduction of these small-sized self-checkout terminals, vendors' revenue will increase during the forecast period and have a positive impact on the market. Browse complete report @ http://www.reportsnreports.com/reports/444847-global-self-checkout-terminals-market-2015-2019.html .

Key players in the global self-checkout terminals market: Fujitsu, NCR, NEC, Pan-Oston, Toshiba and Wincor Nixdorf. Other prominent vendors in the market are: PourMyBeer, Versatile Credit, and OLEA Kiosks.

Explore other new reports on IT & Telecommunication Market http://www.reportsnreports.com/market-research/information-technology/ .

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