Interactive Kiosks Market Worth 73.35 Billion USD by 2020
PUNE, India, February 1, 2016 /PRNewswire/ --
According to the new market research report on the "Interactive Kiosks Market by Type (ATMs, Self Service Kiosks, and Vending Machines), Industry (Retail, Healthcare, Banking Finance Service, Government, Entertainment, Transportation, & Hospitality), Component, & Geography - Global Forecast to 2020", published by marketsandmarkets, the market, in terms of value, is estimated to grow at a CAGR of 9.2% between 2015 and 2020. The market for interactive kiosks is expected to reach USD 73.35 Billion by 2020.
Browse 70 market Tables and 88 Figures spread through 183 Pages and in-depth TOC on "Interactive Kiosks Market"
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Interactive kiosks are enhancing the customer experience by delivering service within a short span of time, which has led to the improved buyer experiences, leading to high sale and increased ROI. The products are well advertised by displaying information and promoting the products.
The automated teller machine (ATM) interactive kiosks is expected to hold the largest market share in the interactive kiosks market by 2020
The automated teller machine (ATM) Interactive Kiosks Market accounted for the largest market share in 2014. It is expected to grow at a high CAGR between 2015 and 2020. These machines are strategically placed outside the banks, retail outlets, and supermarkets where the customers usually need fast cash. The ATMs provided by the banks are totally secure and the chance of frauds are minimized. Looking at the feature and application of the interactive kiosks in banking & service industry, the ATM interactive kiosks market is expected to hold the largest market share in the interactive kiosks market by 2020.
APAC is expected to grow at the highest rate during forecast period
The market in APAC is expected to grow at the highest CAGR between 2015 and 2020. This is because of the increasing popularity of interactive kiosks system in various industries in the APAC region. In the digital era, most of the consumers are attracted towards the company's retail products through interactive kiosks, thereby inducing the growth of the interactive kiosks market in this region. For instance, in 2015, Kirin (Japan) deployed a vending kiosk for operational as well as promotional activity. The APAC region is expected to exhibit the highest growth rate in interactive kiosks market because of its acceptance in retails, transport, banking, and entertainment among others.
The report articulates the drivers, restraints, challenges, and opportunities with respect to the interactive kiosks market and forecast the market till 2020. The report also gives a qualitative and quantitative description about different verticals considered for the interactive kiosks market. This global report gives a detailed view of the market across the four geographical regions, namely, the North America, Europe, Asia-Pacific (APAC), and RoW.
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The report also profiles the most promising players in the interactive kiosks market. The competitive landscape of the market presents a very interesting picture where a large number of players have become a force to reckon with. The key players in the interactive kiosks market are KIOSK Information Systems Inc. (U.S.), NCR Corp. (U.S.), International Business Machines Corporation (IBM) Corp. (U.S.), EMBROSS Group Pty Ltd. (Australia), IER SAS (France), Phoenix Kiosk Inc. was (U.S.), SlabbKiosks (U.S.), Wincor Nixdorf Ag (Germany), Meridian Kiosks LLC (U.S.), and RedyRef Interactive Kiosks (U.S.).
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