Self-Service Kiosk Market is set to grow at a CAGR of 10.7%
Posted by Lohitha on August 9th, 2019
In the Report “Self-Service Kiosk Market: By Type (ATM, Vending Machine); By Implementation (Point-of-Information, Product Dispensing, Internet Commerce, others); By Industry Vertical (Retail, Hospitality, Medical, others); By Geography - (2018-2023)” published by IndustryARC, the market is driven by self-service technologies in the retail sector, playing an essential role in propelling growth.
View Full Table Of Contents Of Self-Service Kiosk Market :
Asia-Pacific dominating with major share and growth in the Self-Service Kiosk Market
Asia-Pacific countries which comprises of India, China and Japan are the leading kiosk providers till 2022, followed by American countries such as the U.S., Canada, Mexico and others. Last year, APAC Market generated maximum value of .71 billion and became the leading market holder. The APAC market is expected to maintain its dominance for the forecast period of 2018-2022. The American market is to retain its dominance from 2023, growing at a CAGR of 10.9% to reach value of .29 billion by 2023. The continuing dominance of APAC is expected to end by 2022, and will reach value of .26 billion by 2023. Europe is seen growing at a faster pace of 11.1% CAGR and to reach a value of .15 billion by 2023. Germany will be the leading market holder in the European region due to growing multimedia technologies, especially in commercial establishments industry.
Selected Type Analysis done in the full Report:
The market is segregated based on types such as point of information, product promotion, service/transaction, and product dispensing and internet commerce self-service kiosks. In type of segments, Automated Teller Machines (ATMs) are self-service kiosks that allow customers to make monetary transactions, without the help of any representative. The ATMs is the leading type among Kiosks and Vending Machines. The ATM market witnessed revenue of .44 billion in 2017 in self-service kiosks models market. Findings say that the market is projected to reach 323.6 million by 2023, growing at a CAGR of 6.7% throughout the forecast period 2018-2023. APAC is the dominant region for ATMs market. Vending Machines are the next leading segment utilized for dispensing products such as tickets, food items among others. The Vending Machines market witnessed revenue of .02 billion in 2017 in freestanding kiosks market. It is projected to reach .76 billion by 2023, growing at a CAGR of 16.8% for the period of 2018-2023. Americas region is the dominant region for vending machines market, followed by the European region. Kiosks market is slowest among all types, gaining revenue of .65 billion in 2017, and is expected to reach .05 billion in 2023. The Kiosks are continuing since long time in hospitality and entertainment sectors.
Excerpts on Market Growth Factors
Adopting advanced advertising portals, POS terminals, and intelligent kiosks and so on helps to save the time of the customers, enhance customer interaction, explores buying patterns to build a strong customer relationship. This is set to drive the self-service kiosk market.
Key players of the Self-Service Kiosk Market
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Mr. Venkateshwar Reddy
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About the AuthorLohitha
Joined: August 6th, 2019
Articles Posted: 121
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