USD 2.97 Billion Growth in Self-service Kiosk Market Size | 6% CAGR with Accelerating Momentum | Technavio

• Total Pages: 120
• Companies: 10+ – Including Aksor SAS, Bollore SA, Diebold Nixdorf Inc., Embross, Meridian Kiosks, NCR Corp., Olea Kiosks Inc., Posiflex Technology Inc., Thales Group, and VeriFone Inc. among others
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: End-user (retail, healthcare, travel and tourism, financial services, and others)
• Geographies: APAC (China and UAE), Europe (Germany and UK), North America (US and Canada), South America, and MEA

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According to the recent market study by Technavio, the Self-service Kiosk Market Share in Technology Hardware, Storage & Peripherals Industry is expected to increase by USD 2.97 billion from 2020 to 2025, with an accelerated CAGR of 6%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

North America will register the highest growth rate of 41% among the other regions. US and Canada are the key markets for self-service kiosk. Moreover, market growth in North America will be faster than the growth of the market in other regions.

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Vendor Insights-

The self-service kiosk market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 

Aksor SAS - In December 2020, Acrelec, a subsidiary of Aksor, announced the launch of QTimer 2.0 with EnGage, a solution that helps in reducing the average drive-thru time by 30 seconds through the display of real-time drive-thru information.

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Regional Market Outlook

The self-service kiosk market in North America is expected to garner significant business opportunities for the vendors during the forecast period. US and Canada are the key markets for self-service kiosks in North America. Market growth in this region will be faster than the growth of the market in the European and South American regions.

Customers in North America have always been at the forefront in terms of the adoption of new technologies, which has led to the growing implementation of self-service kiosks in the region. This will facilitate the self-service kiosk market growth in North America over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends Driving the Market-

• Self-service Kiosk Market Driver:
• Increasing adoption of contactless payment:
  
  One of the key factors driving growth in the self-service kiosk market is the increasing adoption of contactless payment. Contactless payment is a payment method through which customers can purchase products via credit cards, debit cards, or NFC-enabled devices such as smartphones and smartwatches. Contactless payment provides customers with a fast, convenient, and secure way to complete transactions. It also helps merchants improve the in-store payment experience by reducing the time taken to make payments and, eventually, the waiting time. The rise in the use of contactless payments, contactless cards, and mobile payments is expected to drive the demand for self-service kiosks.
  
• Self-service Kiosk Market Trend:
• Growing focus on smart retail stores:
  
  The growing focus on smart retail stores is another major factor supporting the self-service kiosk market share growth. A smart store is a type of brick-and-mortar retail establishment that uses smart technologies such as smart carts, smart mirrors, and others. Self-service kiosks are deployed in smart stores for self-checkout services without any human interaction. The emergence of smart stores will increase the need for self-checkout services. Such services enable customers to skip long queues as the entire transaction can be completed with the help of a card payment module integrated into self-service kiosks. Thus, the emergence of smart stores will increase the adoption of self-service kiosks during the forecast period.

Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.

Here are Some Similar Topics-

Interactive Kiosk Market by End-user and Geography - Forecast and Analysis 2021-2025: The interactive kiosk market has the potential to grow by USD 6.44 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 4.91%. Download Exclusive Free Sample Report

Global Interactive Display Market: This report also offers information on several prominent vendors including NEC, Panasonic, Planar Systems, Sharp, Smart Technologies. Download Exclusive Free Sample Report

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