Kiosk Market Size To Hit USD 51.05 Billion by 2028 | Exhibiting CAGR of 12.3%
Kiosk Market Anticipated to Hit USD 51.05 Billion by 2028; Increasing Adoption of Technological Advancement in Machinery and Equipment to Boost Market, says Fortune Business Insights™
Pune, India, Sept. 20, 2023 (GLOBE NEWSWIRE) — The global kiosk market size was USD 20.29 billion in 2020 and is projected to grow from USD 22.69 billion in 2021 to USD 51.05 billion in 2028 at a CAGR of 12.3% in the 2021-2028 period. This growth is attributed to rise in the adoption of technological advancement in machinery and equipment and reach USD 51.05 billion by the end of 2028. Kiosk technology is used for providing applications and information on commerce, education, entertainment, and other business purposes. According to a recent report published by Fortune Business Insights titled “Kiosk Market Size, Share and Industry Analysis By Type (Retail Kiosks, Financial Kiosks, QSR Kiosks, Tickets & Billing Kiosks, Information Kiosks, Self Service Kiosks & Others), By End-Use Industry (Retail, BFSI, Hospitality, Entertainment & Gaming, Airports & Hotels, IT/ Telecommunication & Others) and Regional Forecast, 2021 – 2028.
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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
KEY INDUSTRY DEVELOPMENTS:
April 2021: Sensi, a technology startup based in Ireland, introduced an artificial intelligence-based kiosk machine, which rewards customers who recycle paper cups, aluminum cans, and plastic bottles, along with other common items.
April 2021: Fujitsu Frontech North America Inc., a retail technology provider, announced the U-Scan Elite kiosk machine. The machine has a cash automated solution and will offer cash and coins with enhanced speed.
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2023 to 2030 CAGR | 12.3% |
| 2028 Value Projection | USD 51.05 billion |
| Base Year | 2020 |
| kiosk market Share in 2021 | USD 22.69 billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 120 |
| Segments covered | By Type, By Industry and By Region |
| kiosk market Growth Drivers | Advances in Technology are Enabling Compelling Designs of Interactive Kiosks |
| AI and Cloud Computing Technologies to Upscale Market Size |
COVID-19 Impact:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/kiosks-market-101374
List of the Companies Operating in the Market:
- NCR Corporation
- ZIVELO
- Glory Global Solutions (International) Limited
- REDYREF
- Meridian Kiosks
- KIOSK Information Systems
- Embross
- Olea Kiosks Inc.
- Advantech Co., Ltd.
- SITA
- Diebold Nixdorf, Inc.
- Other players
Drivers and Restraints:
Innovations in Glass Technology to Aid in Expansion of Market
Kiosk technology was introduced for changing the economics of all industries. The rise of unattended retail and an increase in the need for enhanced shopping experience for consumers worldwide is promoting the kiosk market growth. Besides this, these devices are used for empowering consumers to perform automated self-service functions in applications such as point-of-sale systems, ATMs, self-payable gas pumps, and others, thereby augmenting the growth of the market in the forecast period.
On the other side, the increasing number of cybercrime incidents and high cost of setup and regular maintenance costs may pose major hindrances to the market. Nevertheless, innovations in glass technology and touch screen display, coupled with the enhanced application experience is likely to create more opportunities for the market in the coming years.
What are the Highlights of the Report?
The report offers a comprehensive overview of the market and its prime growth trajectories such as factors propelling, repelling, challenging, and offering opportunities for the market. It also focusses on major industry developments of the market, current trends prevalent, and other i9jnteresting insights into the market. Detailed segmentation of the market is also provided based on factors such as type, end0use industry, and geography with the names of leading segments and their attributed factors. The report is available for sale on the company website.
Segment-
Financial Kiosks Segment to Emerge Dominant with Utility Pay option at Several Outlets
Based on type, the financial kiosks segment holds the largest kiosks market share as they are the first form of utility payment technology and have been successfully attracted significant revenue in the past. However, the retail segment will emerge remarkably in the coming years with an estimated 19% of the entire market share owing to the current trend of easy payment technologies.
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Regional Analysis-
North America and Europe to Contribute Major Shares Owing to Presence of Advanced Banking Foundation
Both Europe and North America are holding significant shares in the market on account of the rise in preference for shops that do not hire salespeople for revenue generation. Consumers can follow the self-help service and can purchase goods and products. In 2018, Europe earned a revenue of USD 4.5 billion. Additionally, most of the banks lack proper infrastructure in terms of technology especially in rural areas. Employing kiosk solutions in such areas will help expand banking operations thereby augmenting the market growth.
Asia Pacific on the other hand is likely to rise rapidly in the coming years with India, Japan, and China on the lead. This is owing to the rise in the adoption of self-service kiosks throughout the merchandising and servicing sectors to improve consumer engagement.
Competitive Landscape-
Producers Offering Remote Monitoring and Pre-emptive Maintenance Services for Better Revenue Generation
The market is fragmented in nature on account of the presence of many players. They are aiming at digital transformation by investing in technological developments and digital solutions such as Near-field Communication (NFC), Radio-Frequency Identification (RFID) in security, and digital payment options. Besides this, players are engaged in developing services that can help companies to schedule maintenance, track operations, and identify problems. The increased efforts to offer pre-emptive maintenance services and remote-monitoring services will help players gain a competitive edge in the market in the coming years.
Major Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology and Assumptions
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends of Market
- Key Insights
- Macro and Micro Economic Factors
- Key Technological Developments
- Price Trend Analysis
- Porter’s Five Forces Analysis
- Consolidated SWOT analysis of Key Players
- Global Kiosks Market Analysis, Insights and Forecast, 2021-2028
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Type (US$ Mn and Million Units)
- Retail Kiosks
- Financial Kiosks
- QSR Kiosks
- Tickets & Billing Kiosks
- Information Kiosks
- Self Service Kiosks
- Others
- Market Sizing Estimations and Forecasts – By Industry (US$ Mn)
- Retail
- BFSI
- Hospitality
- Entertainment & Gaming
- Airports & Hotels
- IT/ Telecommunication
- Others
- Market Analysis, Insights and Forecast – By Geography (US$ Mn)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- North America Kiosks Market Analysis, Insights and Forecast, 2021-2028
- Europe Kiosks Market Analysis, Insights and Forecast, 2021-2028
- Asia Pacific Kiosks Market Analysis, Insights and Forecast, 2021-2028
- Middle East and Africa Kiosks Market Analysis, Insights and Forecast, 2021-2028
- Latin America Kiosks Market Analysis, Insights and Forecast, 2021-2028
To be Continued…
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