USD 30.47 billion
Report ID:
SQMIG20D2187 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
103
|Figures:
76
Global Interactive Kiosk Market size was valued at USD 30.47 billion in 2022 and is poised to grow from USD 32.63 billion in 2023 to USD 56.49 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).
In recent years, the global Interactive Kiosk market has been changing demands for self-service options in sectors such as retail, healthcare, finance, and transportation. The access to information, making transactions, and interacting with services offered by kiosks make convenient and efficient ways for customers. However, interactive kiosks often handle sensitive information that raise concerns related to security and privacy.
Additionally, the integration of advanced technologies in interactive kiosks that include features such as touchscreens, biometric authentication, NFC (Near Field Communication), and AI-powered interfaces enhance user experience and provide businesses with valuable data insights. The market has also witnessed a shift towards the development of more compact and aesthetically pleasing kiosk designs, making them suitable for a wider range of environments.
Global Market Size
USD 30.47 billion
Largest Segment
Self-Service Kiosks
Fastest Growth
Retail Kiosks
Growth Rate
7.1% CAGR
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The global interactive kiosk market is segmented into four major segments i.e. by type of kiosk, industry vertical, technology, and region. Based on type, it is divided into self-service kiosks, retail kiosks, financial service kiosks, ticketing kiosks, information kiosks, and others. Based on industry vertical, it is bifurcated into retail, healthcare, banking, financial services, and insurance (BFSI), transportation, hospitality, government, entertainment, and others. Based on technology it is segregated into touch-based kiosks, gesture-based kiosks, voice recognition kiosks, biometric-enabled kiosks, near field communication (NFC), and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Type
As various industries, such as retail, healthcare, and hospitality are heading towards automation and self-service, suggests that self-service kiosks may continue to dominate the market. Moreover, it offers convenience, efficiency, and cost savings for businesses and is increasingly embraced by consumers for tasks like self-checkout and information retrieval.
Interactive retail kiosks could experience significant expansion due to the growth of e-commerce and changing consumer behaviors. Kiosks facilitate seamless shopping experiences, allowing customers to browse products, access additional information, and make purchases in physical locations. The integration of technologies like augmented reality (AR) for virtual try-ons and product customization may contribute to the rapid growth of interactive retail kiosks.
Analysis by Distribution Channel
The kiosks offer various functionalities, including self-checkout, product information, and interactive displays, contributing to an enhanced shopping experience and aiding the retail sector to continue dominating the interactive kiosk market. The demand for efficient and personalized customer interactions could drive the continued dominance of interactive kiosks in the retail space.
The use of kiosk for patient check-ins, wayfinding, appointment scheduling, and accessing medical information can lead the healthcare industry to significant growth in the adoption of interactive kiosks. The need for streamlined processes, reduced waiting times, and improved patient engagement could fuel the rapid adoption of interactive kiosks in healthcare settings.
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Due to the mature technological landscape, high consumer adoption of self-service solutions, and a robust retail sector, North America, particularly the United States, has been a significant contributor to the interactive kiosk market. Moreover, the presence of key market players, a tech-savvy consumer base, and huge demand for interactive kiosks in sectors such as healthcare, transportation, and hospitality further contributes to North America's dominance.
Due to rapid urbanization, increasing disposable income, and a rising trend toward automation in countries such as China, Japan, South Korea, and India, the Asia-Pacific region is expected to be the fastest-growing market for interactive kiosks. The region is a promising market for interactive kiosks due to the growing retail sectors, expanding healthcare infrastructure, and a focus on technological innovation.
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Drivers
Increasing Demand for Seamless and Efficient Customer Interactions
Restraints
High concern Around Security and Privacy
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The competitive environment of the Interactive kiosk market is dynamic and characterized by the presence of established industry players and a growing number of emerging vendors. Established companies leverage their technological expertise and extensive distribution networks to maintain a competitive edge. Moreover, a focus on research and development is a common strategy to introduce innovative features, enhancing the functionality and user experience of interactive kiosks. This competitive environment fosters continuous advancements in technology, contributing to the evolution of interactive kiosk offerings.
Top Player’s Company Profiles
Recent Developments
In December 2023, Redyref Interactive Kiosks, a provider of interactive kiosk software and services, has acquired Livewire Digital, a kiosk software provider. This strategic partnership represents a significant milestone for both companies, reinforcing their commitment to delivering cutting-edge customer engagement solutions across diverse industries.
In November 2023, Seoul has deployed multilingual interactive translation kiosks. These kiosks utilise AI-powered translation engine and digital technology that converts audio to text. This service has been developed in collaboration with tourism startup Flitto to enable international tourists to converse with Korean guides in native languages.
Rising Integration of Advanced Technologies
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global interactive kiosk market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by increasing demand for seamless customer interactions, leveraging technological advancements like touchscreens and AI. However, concerns around security and initial implementation costs act as restraints. Product type analysis reveals a diverse landscape, including information kiosks, retail kiosks, and self-service kiosks. Regionally, North America dominates, driven by technological maturity. Key market trends include the integration of touchless interfaces, compact and visually appealing designs, and the rising significance of cloud-based solutions for remote management and operational efficiency.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 30.47 billion |
Market size value in 2031 | USD 56.49 billion |
Growth Rate | 7.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Interactive Kiosk Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Interactive Kiosk Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Interactive Kiosk Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Interactive Kiosk Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20D2187
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