Interactive Kiosk Market Research Report – Global Forecast to 2023
As per the latest report published by Market Research Future (MRFR), on the global interactive kiosks market, the market is expected to register a CAGR of 9% across the review period of 2017 to 2023. MRFR also reveals that the worldwide market of interactive kiosks can attain a valuation of about 34 Bn USD by the end of the forecast period.
High effectivity and cost-effectiveness of interactive kiosks are factors that are expected to positively impact their global market. MRFR identified that applications of kiosks across different sectors can earn high revenue for the market in the years of review. In recent times, interactive kiosks have become an integral part of retails and the transportation system. The rise in population and rise in level of living standards are surging the need to simplify process involved in transportation, such as ticket vending and payments. The growing popularity of interactive kiosks lies herein, which is anticipated to prompt the growth of the global interactive kiosks market. In retails, the use of kiosks is rising as they efficiently curb the monotonous work of employees. Hence, elimination of manual error and the emergence of a cost-effective tool to settle rising customer queries and details are expected to push the interactive kiosks market.
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The global interactive kiosks market study is segmented by component, type, and end-users. By component, the market is segmented into software, hardware, services, and others. By type, the market is segmented into vending kiosks, bank kiosks, self-service kiosks, and others. By end-user, the market is segmented into retail & consumer goods, BFSI, IT & telecommunication, travel, media & entertainment, supply chain & logistics, transportation, energy & power, healthcare, education, utilities, government, and others.
Detailed Regional Study
In North America, continuous upgradations in technology are expected to contribute largely to the expansion of the interactive kiosks market in the review period. The infiltration of tablets is expected to support the growth of the interactive kiosks market in the region. As per MRFR’s insights, the market in North America is expected to lead in the coming years. Well-established developers of interactive kiosks and the robust infrastructure that allows the same are noted to cast a positive impact on the market in the US. The presence of a large number of key players is expected to propel the interactive kiosks market growth in North America.
The interactive kiosk market in Europe is likely to experience rapid growth across the forecast period due to the increase in utility of kiosks across burgeoning verticals, such as the healthcare and the BFSI and sectors. The expanding travel industry is also expected to bolster the market growth in Europe. In Asia Pacific, the high usage of interactive kiosks in business that deals in the retail and the telecommunication sectors is expected to surge the market growth. Alongside, the considerable revenue generated by burgeoning industries in APAC, such as Media & Entertainment, BFSI, healthcare, and travel among other end-users, can also prompt the regional market in the evaluation period.
The presence of numerous players and growing relationships among them are factors that are making the global interactive kiosks highly competitive. Key players are opting for tools, such as collaboration, partnership, acquisition, expansion, and product launches that are expected to induce growth for the market. Employers are focusing on developing products that can improve customer experience. Substantial investments are made in R&D to develop better and cost-effective innovations to consumers.
MRFR profiled some renowned companies that are functioning in the worldwide interactive kiosk market. It includes; Siemens AG (German), International Business Machines Corporation (US), Phoenix Kiosk, Inc. (US), KIOSK Information Systems Inc. (US), Advantech Co. Ltd. (Taiwan), KIOSK Information Systems (US), NCR Corporation (US), NEXCOM International Co. (Taiwan), SlabbKiosks (US), Advantech Co. Ltd. (Taiwan), Diebold Nixdorf (US), Meridian (U.S), Korala Associates Ltd (UK), IER SAS (France), Embross (Canada), RedyRef Interactive Kiosks (US), and others.
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Global Interactive Kiosk Market, By Component (Hardware, Software, Service), By Type (Self-Service Kiosks, Vending Kiosks, Bank Kiosks), By End Users (Media & Entertainment, Retail, Healthcare) – Forecast 2023
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