- Bank Kiosks Sales to Surpass US$ 16.3 Bn in Interactive Kiosk Market
- Fact.MR, in a recent market analysis on the global interactive kiosk market, covers recent developments across various segments of the market including product type, offering, location, panel size, and end-use across seven regions. The study highlights trends, opportunities, drivers, and restraints in the interactive kiosk market. As per the report, demand for interactive kiosks in the BSFI sector is expected to gain traction over the forecast period.
NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The global interactive kiosk market size is expected to be valued at 27.4 Bn in 2021. With sales increasing at 5.3% CAGR, the total interactive kiosk market size is projected to top US$ 48.5 Bn by 2031.
Interactive kiosks offer smooth performance and reduce the operational time of self-service machines as compared to manual services. Growing demand for automated systems across end-use sectors such as BSFI, retail, and healthcare is expected to augment the growth of the market in the forthcoming years.
Increasing implementation of digital media devices for adverting and customer interaction is spurring the demand for interactive kiosks in the retail sector. These systems facilitate brand advertisement at any location, which in turn is expected to propel sales of interactive kiosks in the retail sector.
Further, growing demand for self-service machines in the food & beverage, hospitality, and entertainment sectors is expected to bode well for the interactive kiosk market. Consumers seek convenience and operational efficiency in high-traffic areas such as fast-food chains, theatres, and hotels.
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In response to this, manufacturers are launching interactive kiosks with innovative technology features such as self-checkout, swift payment gateways, voice recognition, and others to improve sales. Such developments will continue giving tailwinds to interactive kiosk sales over the assessment period.
As per Fact.MR, demand for interactive kiosks is expected to remain high in the U.S. Rising adoption of interactive kiosks in retail, healthcare, finance, and travel sectors is expected to fuel the growth of the market in the forthcoming years.
"Growing investments in digital signage by small and medium-scale enterprises is anticipated to push sales of interactive kiosks. Besides this, demand for protective equipment testing kiosks and mobile testing kiosks driven by COVID-19 is expected to fuel growth of the market through 2031," says a Fact.MR analyst.
Based on product type, vending kiosks are expected to account for 42% of the total interactive kiosks market share over the forecast period.
Sales of interactive kiosks in the U.S. are expected to be valued at US$ 9.2 Bn in 2021.
The U.K. interactive kiosk market is anticipated to reach a valuation of US$ 1.8 Bn by 2031.
Bank kiosks segment is expected to reach a valuation of US$ 16.3 Bn by the end of 2031
Leading players operating in the global interactive kiosk market are expanding their product offerings by introducing interaction technologies. Further, mergers, acquisitions, and collaborations are anticipated strategies adopted by market players to improve sales.
For instance, in 2021, NCR corporation partnered with Russia-based Magnit to launch innovative technologies such as self-service checkouts, self-scanning systems, and artificial intelligence-based computer vision to process online orders in the Russian market.
Key Players in the Interactive Kiosk Market Include:
Diebold Nixdorf, Incorporated
Frank Mayer and Associates, Inc.
Aila Technologies, Inc.
Olea Kiosks Inc.
More Valuable Insights on Interactive Kiosk Market
Fact.MR provides an unbiased analysis of the interactive kiosk market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global interactive kiosk with a detailed segmentation on the basis of:
Integration & Deployment
Indoor Interactive Kiosks
Outdoor Interactive Kiosks
17"–32" Display Interactive Kiosks
Above 32" Display Interactive Kiosks
Interactive Kiosks for Retail
Interactive Kiosks for Healthcare
Interactive Kiosks for Banking & Financial Services
Interactive Kiosks for Food & Beverages
Interactive Kiosks for Governments
Interactive Kiosks for Transportation
Interactive Kiosks for Hospitality
Interactive Kiosks for Entertainment
Others (Corporate and Education)
Key Questions Covered in Interactive Kiosk Market Report
The market study also highlights projected sales growth for interactive kiosk market between 2021 and 2031.
Interactive kiosk market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
Interactive kiosk market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
Explore Fact.MR's Coverage on the Technology Domain –
WiFi Kiosks Market Forecast- As a result of technological improvements, there has been an evolution in WiFi kiosks. As a result, WiFi kiosks may perform a variety of tasks, such as bill payment and displaying directions on a map. When a result, as various technologies such as touch displays and glass technology advance, the usability of the kiosk improves, which is one of the important drivers driving the market for WiFi kiosks. A major reason driving the growth of the WiFi kiosks market is the increasing use of kiosks as a tracking device in numerous hospitals and other organisations to keep track and record of visitors.
Digital Kiosk Market Analysis- The digital kiosk systems are simple to operate and tiny in size, with displays as small as 50 inches. The digital kiosk enables users to display a variety of unique templates tailored to their specific needs for displaying their brand across a variety of messages. Over the forecast period, these aspects of a digital kiosk are projected to drive digital kiosk adoption. The digital kiosks are cloud-based, allowing for the management of several kiosks from a remote location. They can be tailored to meet specific requirements. Over the projected period, these factors are expected to propel the digital kiosk market forward.
Smart City Kiosk Market Scope- In recent years, considerable technological transformation has been brought about by an increase in the number of devices connected to the internet and an increase in the level of intelligence of these devices around humans. The rise of smart homes and cities around the world has prompted the development of a number of gadgets. Kiosks in smart cities are typically built to be modern, practical, and approachable, as well as to provide a variety of urban services. The smart city kiosks market is likely to be influenced by growing initiatives to construct smarter, safer, and more efficient cities.
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