Self-Service Market is projected to reach USD 45.3 billion by the end of 2023, growing at a CAGR of 13.3% over the forecast period of 2018 -2023| Major Players - KIOSK INFORMATION SYSTEMS INC., NCR CORPORATION, GLORY LTD, AZKOYEN GROUP, IBM CORPORATION, a

Market Analysis:

Self-service systems are interactive devices with a user interference designed to serve the user needs for different operations. These terminals use specialized hardware and software components developed to provide information and other applications to the users.

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With increasing population and growing adoption of banking services among the public, the demand for ATMs is growing at a rapid pace which is one of the primary factors driving the growth of the self-service market. Kiosk systems are presumed to be largely influencing the consumer perspective by providing easy, innovative, and better customer service. It is of utmost importance for companies to provide quality customer services and enhance user experience. With the growing demand for intelligent vending machines, technological advancements, and ever-expanding small and medium enterprise, the self-service market is expected to grow. However, high cost of investment may offer some resistance to its growth.

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Market Segments:
Self-Service Market is segmented by:
1. Type: Self-service Terminals (Automated Teller Machine (ATM), Kiosks, Vending Machines), Services
2. End-user Industry: Healthcare, BFSI, Manufacturing, Retail, IT & Telecom, Transportation & Logistics, Media & Entertainment, Energy & Utilities, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
•March 2018 - NCR Corporation launched NCR SelfServ 80 Series, a new family of ATM solutions that will help financial institutions redefine the banking experience and change the way consumers interact with the ATM forever.
•September 2017 - Glory and Acrelec introduced self-ordering kiosk accepting cash and credit for Foodservice at FSTEC.

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