USD 24.99 billion
Report ID: SQSG25E2005 | Region: Global | Published Date: December, 2022 | Pages: 157
Global Kiosks Market was valued at USD 24.99 billion in 2022, and it is expected to reach a value of USD 47.25 billion by 2028, at a CAGR of more than 11.2% over the forecast period (2022- 2028).
A kiosk is a small, typically interactive display screen, digital display that businesses place in high-traffic areas to offer self-service alternatives or information. Kiosks present a wonderful opportunity to enhance business operations and customer satisfaction in the fast-paced climate of today.
Kiosks can be manned or unmanned, and unmanned kiosks can be digital or non-digital. Kiosks are frequently utilized in commercial settings where there is a lot of foot traffic. For instance, a non-digital, unmanned kiosk can be positioned close to entrances at a mall to display directions or advertising to passersby. Digital kiosks placed next to movie theatres can offer online banking or ticket sales services, and manned kiosks temporarily positioned in aisles can offer seasonal businesses with a cost-effective way to display goods.
Due to the growing use of cloud computing in Near Field Communication (NFC) devices and cashless payment systems, the kiosk market is predicted to rise. These devices include robotic analytics capabilities that rely on a core structure to store a lot of data, as well as a single-modal usability approach. Cloud and Artificial Intelligence (AI) technology may simply and affordably supply this data requirement in safe, dependable environments. The integration of cloud computing and machinery is a key emphasis for major players. The Analytics as a Service (AaaS) options that are available with these cloud computing services enable users to rapidly programme these machines without the need for external storage devices. Consequently, these technologies offer a variety of purposes and are expected to drive the market.
Global Market Size
USD 24.99 billion
more than 11.2% CAGR
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Global kiosks market is segmented based on the Product Type, Component, and region. Based on the Product Type, the market is segmented as Automated Teller Machine, Retail Self-checkout, Self-service and Vending and Others. Based On Component, the market is segmented as Hardware, Software and Services. By industry, the market is segmented into Retail, BFSI, Hospitality, Entertainment & Gaming, Airports & Hotels, IT/ Telecommunication, & Others. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Product
Based on the Type, the Automated Teller Machines (ATMs) segment dominated the market with a revenue share of more than 49.5%. Initiatives for digital transformation and rising ICT spending are anticipated to increase the market's demand for ATMs. Interactive vending machines dispense the products after accepting cash or payment tokens. They are mostly employed for dispensing goods such packaged foods and beverages, pharmaceuticals, and other commodities. In an effort to enhance the purchasing experience, numerous firms in the retail and food & beverage industries are increasingly introducing vending kiosks.
Analysis by Components
Global Kiosks Market has been segmented on the basis of components as Hardware, Software and Services. In 2021, the hardware sector dominated the market and accounted for more than 45.0 % revenue. Kiosk hardware includes items like displays, printers, and other hardware. The others section includes enclosures, card readers, scanners, motion sensors, physical keyboards, touchpads, money acceptors, and recyclers. Solutions to integrate and control several hardware components are created by independent software developers and system integrators for kiosk applications. Manufacturers combine software platforms with additional hardware elements to improve interactive kiosk usability. In addition to project feasibility studies, they also offer software solutions that are designed and integrated, installed, deployed, and maintained. Real-time kiosk maintenance monitoring is one of the possible maintenance services.
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North America held the largest global Kiosk market share due the presence of well-establishes and developed market for self-services kiosk systems. Additionally, the growing market is favorable since it indicates that businesses will continue to support the expansion of the interactive kiosk market in the area over the course of the projection year. Due to the presence of prominent manufacturers in the region, North America held a proportionally large share of the worldwide automated teller machine kiosk market. The market for automated teller machine kiosks in North America is expanding quickly because to the rapid rise of IT-enabled self-services in the region.
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One of the important techniques used by leading corporations to improve their market position is the introduction of new products. Another is partnering with technological companies. Important industry companies are also heavily spending in R&D initiatives and concentrating on setting up production infrastructure in order to develop and provide distinct and affordable self-service solutions. Due to the presence of a competent R&D department and production facilities, the Meridian, Advanced Kiosk, and Kiosk Information System have a significant market presence.
Top Player's Company Profiles
Pathfinder kiosk adoption is a significant trend
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Kiosks Market Analysis, in terms of Type, the Automated Teller Machines (ATMs) segment dominated the market with a revenue share of more than 49.5%. Among regions, North America held the largest share of the Kiosk market due the presence of well-established and developed market for self-services kiosk systems.
|Market size value in 2022||USD 24.99 billion|
|Market size value in 2028||USD 47.25 billion|
|Growth Rate||more than 11.2%|
|Forecast period||2022- 2028|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Kiosks 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 Global Kiosks 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Kiosks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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