Global Kiosk Market to Earn More Than US$ 15.0 Bn by 2025 End


 Published Date : 07 Nov 19   |   Views: 144   |  Industry : Machinery & Equipment

QYR Consulting has announced the addition of a new report to its machinery & equipment archive of market research studies titled, “Global Kiosk Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” According to the report, the global Kiosk market was above US$ 10 Bn in 2018 and is anticipated to reach over US$ 15.0 Bn by the end of 2025. The global Kiosk market is anticipated to exhibit a robust CAGR of 6.4% during the forecast period of 6 years, i.e. between 2019 and 2025. Industries are increasingly utilizing Kiosk systems to streamline processes and improve the efficiency of the operations. Kiosks have emerged as a time saving and effective solution to carry out activities in sectors including banking, healthcare, retail, transportation, and various others. It has been observed that manufacturers are developing Kiosk systems that are speedier and versatile with an aim to improve customer experience.

Segmental Analysis

Self-service kiosks to witness a surge in the demand

Based on the product, the Kiosk market is segregated as self-service kiosks, vending kiosks, and automated teller machine. Self-service kiosks have the ability to dispense a wide range of products, due to which their demand is increasing among the end-user industries. The global Kiosk market has been bifurcated on the basis of application as hospital, transport, bank, and others. Kiosk systems find key application in hospitals as these systems help to improve activities such as check-in, wayfinding, registration, information distribution, and many others. Banks are also extensively using Kiosks as an efficient baking channel to send government aids and funds. 

North America

Regional Analysis

North America to witness significant growth in the near future

Growing consumer preference for self-service across healthcare and finance industries is increasing the demand for self-service Kiosks in North America. Additionally, presence of a well-established banking and financial service infrastructure in this region is positively influencing the regional market growth. Implementation of government initiatives has increased the adoption of Kiosk systems in various sectors in Asia Pacific.

Key Players

Key players to adopt innovative pricing strategies

GRGBanking, Glory Limited, NCR Corporation, KING STAR, OKI, Hitachi, Nautilus, Kontron, IBM Corporation, RedyRef, SlabbKiosks, Diebold, Kiosk Information Systems, TCN, Honeywell, Meridian Kiosks, UNICUM, Wincor Nixdorf, Fujitsu Limited, and Eastman Koda are some of the key manufacturers operating in the global Kiosk market. It has been observed that manufacturers are taking up innovative pricing strategies in order to attract larger customer base.

Global CAGR During 2020-2026


Market Dynamics

Rise in the demand among services industries to drive the market

Growing demand for Kiosk systems from services industries is a key factor driving the market. Moreover, surge in the need among industries to enhance customer experience is playing a key role in fuelling the market growth. Technological advancements and integration of more advanced software are also having a positive impact on the market growth. Moreover, manufacturers are incorporating digital signage technologies in Kiosks, which is opening novel avenues for the market. On the flip side, high initial installation cost of the Kiosks may hamper the overall Kiosk market growth. Also, growing security concerns are challenging the Kiosks market growth to an extent.

For further information, check: https://www.qyrconsulting.com/reports/kiosk-market

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