Demand For Self-Service Kiosk Installation Is Expected To Account For 30% Revenue Across The Forecast Period 2022-2032

Fact.MR forecasts the demand for self-service kiosks to expand at a CAGR of 11% in terms of value during the period of assessment. The report estimates that the market for the self-service kiosk is likely to surpass US$ 79.5 Bn by the end of the 2022-2032 forecast period.

From 2017 to 2021, demand for self-service kiosks expanded at a CAGR of 7%. With the onset of COVID-19, there was increased reliance on cashless and no-contact payments and purchases. This led to a significant broadening of prospects for the market since 2020. Due to the fear of contracting the virus, customers are looking for alternatives such as voice-based self-service kiosks that have the same features and can help reduce the spread of the virus significantly.

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Key Takeaways from the Market Study

Global Self-service Kiosk market to surpass US$ 2 Bn by the end of 2022
U.S to be an opportunistic market for Self-service Kiosk, securing a 45% market share
China to be the dominant market, accumulating a share of 55% from 2022-2032
By deployment, cloud-based Self-service Kiosk software to expand at a CAGR of 15%
3 out of 5 Self-service Kiosk software applications abound across the IT & Telecom sector
What are the Primary Applications that Generate Demand for Self-Service Kiosks?
During the assessment period, consumers are expected to demand more customized and user-friendly self-service kiosks. Consumers are predominantly embracing self-service kiosk technologies in areas such as shopping malls, airports, hospitals, etc., which can reduce waiting time, and are customized and interactive.

These factors will drive self-service kiosk penetration as more and more retail, healthcare, and convenience stores are opting for automated self-service kiosks. Over the assessment period, adoption of physical barcode scanners along with self-checkout counters for payment is set to drive market expansion. Food chains such as Taco Bell and McDonald's are installing self-service kiosks in good numbers, which has led to increase in overall footfall.

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Key Market Segments in Self-Service Kiosk Industry Research

Product

Food Self-service Kiosks
Beverage Self-service Kiosks
Retail Self-service Kiosks
Parking Self-service Kiosks
Electric Vehicle Charging Self-service Kiosks
Patient Interactive Self-service Kiosks
Information Self-service Kiosks
Employment Self-service Kiosks
Check-in Self-service Kiosks
Automated Teller Machines

Payment Method

Cash Payment Self-service Kiosks
Non-cash Payment Self-service Kiosks

End User

Self-service Kiosks for Banking & Financial Services
Self-service Kiosks for Healthcare
Self-service Kiosks for Retail
Self-service Kiosks for Hospitality
Self-service Kiosks for Transportation
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Competitive Landscape

The competitive landscape of the self-service kiosk market is shaped by product innovation and strategic mergers & acquisitions. Advanced Kiosks, Emboss, IER, Kiosk Information Systems, Meridian Kiosks, NCR Corporation, REDYREF, Aila Technologies, Inc., ZEBRA Technologies Corporation, and Source Technologies are some prominent manufacturers of self-service kiosks.

In August 2021, NCR Corporation announced that $2.7-billion asset TruMark Financial Credit Union has selected NCR to provide a more seamless, consistent digital banking experience to its retail and business members. With NCR Digital Banking, TruMark Financial will be able to offer an intuitive experience for consumers and businesses alike.
In October 2021, Zebra Technologies Corporation announced the acquisition of antuit.ai, a provider of artificial intelligence (AI)-powered Software-as-a-Service (SaaS) solutions specific to forecasting and merchandising for the retail and CPG industries.

Key Questions Answered in Report

Which are the most lucrative markets for Self-service Kiosk?
Which factors will impact the growth of the Self-service Kiosk market?
How will changing trends impact the strategies of market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the Self-service Kiosk industry?
What are the winning strategies of stakeholders in the market?

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

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