Menu ×

ELECTRONICS & SMART DEVICES

Interactive Kiosks Market Segmentation By Offering (Hardware, Software, and Services); By Panel Size (<22 inches, 22-32 inches and >32 inches); By Type (Vending, Banking, Self-Service, Advertising and Others); By Location (Indoor and Outdoor) and By End User (BFSI, Transportation, Retail, Hospitality, Healthcare and Entertainment) – Global Demand Analysis & Opportunity Outlook 2028

  • Text Size:

Extensive insights into the Growth of Interactive Kiosks Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More
IN THE NEWS
  • June 2018:  One of the industry leading kiosk manufacturer and software developer, Meridian Kiosks, announced that the company has expanded their self-service solutions by including a lineup of automotive specific kiosks.
  • October 2017: The U.S. Department of Transportation (DOT) announced that it has come into an agreement with Spirit Airlines and Alaska Airlines/Virgin America for expanding greatly the availability of airport kiosks. These airport kiosks are anticipated to be made accessible to individuals with disabilities. 

 

Introduction to Interactive Kiosks

Interactive kiosk is a self-service device or a computer terminal designed for public use that delivers information or enables transactions with a user-friendly interface. It basically includes a computer and a display screen and allows customer input of data through an input device such as a touch screen or keyboard. It is also used for featuring specialized hardware and software that provides access to information and applications for entertainment, commerce, communication or education. Interactive kiosks are used for retail sales, bill payment, cash withdrawing and provide customers with information as well as the ability to participate in loyalty programs. Enterprises deploy kiosks to strengthen their brand with target customers, increase customer loyalty and reduce operational costs.

Market Size and Forecast

Rising demand for self-service devices, innovative interactive kiosks with touch screen display in retail stores and enhanced shopping experience for customers are some of the factors boosting the market growth. The interactive kiosks market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by end user into BFSI, transportation, retail, hospitality, healthcare, and entertainment. Based on this, the segment for retail is anticipated to hold the leading share in the market on account of its in-store product information and promotional displays which attracts customer without the need for actual entry of shoppers in the stores. Further, retailers offer services such as self-directed bill payment, check-out, and digital signage.

Growth Drivers

Increase in Self-Service Systems Deployment to Boost the Market Growth

The rapid growth in self-service machines, wireless communication, and automated devices make it convenient for the customers to access services such as self-baggage check-in, ticket booking, self-check-out, information display and payment transactions used in retail stores, restaurants, hotels, airports, railway stations, malls, and metros. These enables customers to meet their own service demands and facilitates entire service experience with 24/7 availability without engaging with store representatives and waiting in long queues. This has resulted to a significant rise in demand for interactive kiosks. Furthermore, many banks and retail stores, owing to their limited infrastructure and work-force are turning towards cost-effective solutions to expand their operations and serve a larger consumer base. This is anticipated to significantly expand the interactive kiosks market. CLICK TO DOWNLOAD SAMPLE REPORT

Rising Adoption of Smartphones and Tablets to Drive the Market Growth

Studies have shown that majority of the people across the world are more convenient and versed towards touch screen devices and have shifted their preference to mobile payments option. This has created a direct positive impact on the deployment of touch screen technology devices which helps access specific information and allows retail industries to reach out customers in a more effective way. Owing to these personalized and customized experience along with the ease in transaction process, interactive kiosks have positively impacted the market growth. Moreover, with the inclusion of AI enabled innovative technologies such as GPS tracking and radio-frequency identification, manufacturers have come up with remote monitoring and scheduled maintenance services to facilitate business operations with high efficiency. This is propelling the growth of the interactive kiosks market.

Restraints

High Initial Costs and Cyber Attack Risk to Hamper the Market Growth

Despite the advanced development in technology, there is high initial cost involved in setting up interactive kiosks as well as risk of intrusion of cyber frauds. This factor is estimated to hinder the growth of interactive kiosks market in the future.

Market Segmentation

Our in-depth analysis of the interactive kiosks market includes the following segments:

By Offering

  • Hardware
  • Software
  • Services

By Panel Size

  • <22 inches
  • 22-32 inches
  • >32 inches

By Application Type

  • Vending
  • Banking
  • Self-Service
  • Advertising
  • Others

By Location

  • Indoor
  • Outdoor

By End Users

  • BFSI
  • Transportation
  • Retail
  • Hospitality
  • Healthcare
  • Entertainment

By Region

On the basis of regional analysis, the interactive kiosks market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market for interactive kiosks in North America is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market interactive kiosks. Moreover, there is an increased demand from retail, entertainment, travel, finance, and healthcare industries along with the growing emphasis on customer service and satisfaction in this region which further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of rapidly expanding transportation infrastructure and high-tech services offered by retail and tourism industries. Additionally, owing to the digitalization in payment services, there is an increased penetration in banking and finance as well as in food and beverages sector, especially in countries such as China, India and Japan. This factors further raise the demand for interactive kiosks.

The interactive kiosks market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Top Featured Companies Dominating the Market

 


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved