Report ID: UCMIG45I2100
Report ID:
UCMIG45I2100 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global self-service technology market was worth USD 28.3 billion in 2019 and is predicted to expand at a CAGR (compound annual growth rate) of 6.7% between 2020 and 2027. Various technological advances, such as remote administration and wireless communication, are expected to help growth. The incorporation of biometric security services, such as fingerprint recognition, to ensure secure financial transactions, is predicted to boost industry growth. The aforementioned technologies enable consumers to produce a service without the involvement of direct service employees.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Technology Hardware, Storage & Peripherals by segment aggregation, the contribution of the Technology Hardware, Storage & Peripherals in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45I2100