The global digital kiosk display market is estimated to garner a large amount of revenue and grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing development in payment and security technologies, and emergence of advanced technologies offering enhanced visualizations in several industry verticals. It is calculated that by the end of the year 2021, approximately 2.5 million biometric-based payment cards will be issued. In addition, 35 percent of users are evaluated to use smart speakers for buying products online. Along with these, growing demand for automated systems and rising consumer emphasis on adoption of self-service systems are also expected to be crucial factors driving market growth in the forthcoming years. Furthermore, some of the prominent kiosks’ manufacturers have begun developing and integrating AI-based technologies in digital kiosk display, which in turn is projected to offer abundant growth opportunities to the market in the near future.
The market is segmented by type into bank kiosks, self-service kiosks, and vending kiosks, out of which, the bank kiosks segment is anticipated to hold the largest share in the global digital kiosk display market. This can be accounted to the increasing ICT spending and rising number of digital transformation initiatives. Apart from these, growing initiatives towards integration of new-age technology components such as EVM smart card readers and RFID readers in ATMs, is also predicted to drive growth to the market segment in the future. Additionally, on the basis of end use, the BFSI segment is assessed to occupy the largest share over the forecast period ascribing to the continuous technological developments to improve digital banking services in BFSI sector, and growing focus of organizations to provide customized self-service solutions. CLICK TO DOWNLOAD SAMPLE REPORT
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global digital kiosk display market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the expansion of BFSI, tourism and retail industries, and increasing consumer purchasing power in the region. As per the data provided by Organization for Economic Co-Operation and Development or OECD, Japan’s household income observed an annual growth rate of 0.6 percent in the year 2017, whereas Australia witnessed a growth rate of 4.4 percent in 2019. In addition, rising standards of living and growing product offering sales are also projected to boost APAC’s market growth in the coming years. Moreover, the market in North America is anticipated to gather the largest share during the forecast period owing to the escalating demand for interactive kiosks from a wide range of industrial verticals and high customer adoption rates of the product in the region.
The global digital kiosk display market is further classified on the basis of region as follows:
Our in-depth analysis of the global digital kiosk display market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are increasing development in payment and security technologies and emergence of advanced technologies offering enhanced visualizations.
The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 – 2030.
Rising cyber-crime incidents is estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth in the future owing to the expansion of BFSI, tourism and retail industries, and increasing consumer purchasing power in the region.
The major players in the market are Olea Kiosks Inc., NCR Corporation, Samsung Electronics, LG Display, NEC Corporation, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by offering, type, end use, and by region.
The bank kiosks segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
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