April 29, 2021
According to the research report titled ‘Global Interactive Kiosk Market Size study, by Offering (Hardware and Software & Services), by Type (Bank Kiosks, Self-service Kiosks and Vending Kiosks), by Location (Indoor and Outdoor), by Panel Size (17a??-32a?? and Above 32a??), by Vertical (Retail, Healthcare, Banking & Financial Services, Government, Transportation, Hospitality, Entertainment and Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global interactive kiosk market was appraised at USD 25 billion in 2019 and is anticipated to record a y-o-y growth rate of 4.6% over 2020-2027, amassing USD 35.9 billion by the end of forecast period.
The report findings indicate that global interactive kiosk market expansion is driven by improved shopping experience for the customers, lesser investment cost & better applications as compared to traditional devices, and advancements in glass technology as well as touch screen displays.
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For those unaware, interactive kiosks is a system delivering information and allowing transactions public and customers. They assist consumers to manage their decision, thereby ensuring consumer satisfaction and gaining customer loyalty. With development in technology, interactive kiosks are accommodating more functions. Widespread usage in various sectors like government, banking & financial services, retail, healthcare, transportation, and travel is stimulating global interactive kiosk market outlook.
Moreover, induction of services and products by company, along with strategic collaborations are generating lucrative prospects for the business scenarion. For instance, in October 2018, imageHOLDERS Ltd. launched modular kiosk named Mini POS system with reliable and versatile solutions.
However, expensive & regular maintenance, and increasing cybercrime incidents are acting as barriers worldwide interactive kiosk market growth.
Based on offerings, the marketplace is divided into hardware, and software & services. According to types, the industry is fragmented into self-service kiosks, bank kiosks, and vending kiosks. Location-wise, it is classified into indoor, and outdoor.
Speaking of end-user verticals, the industry space is divided into healthcare, retail banking & financial services, transportation, government, hospitality, and entertainment among others.
Considering the regional terrain, North America is predicted to account for a majority of global interactive kiosk market share by the year 2027, due to ready acceptance of innovative technologies. High purchasing power, and rising demands from various sectors are primary drivers for the growth of North America market.
Leading players influencing global interactive kiosk industry trends are NCR Corporation, Frank Mayer and Associates Inc., Source Technologies, Olea Kiosks Inc., KIOSK Information Systems, Lilitab, Meridian Kiosks, REDYREF Interactive Kiosks, Embross Systems Pvt. Ltd., and Diebold Nixdorf.