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Self-Service Kiosk Market is slated to Witness Tremendous Revenue Growth of US$ 21,415.4 million by 2027- The Insight Partners
According to our latest market study on "Self-Service Kiosks Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Component (Hardware, Software, and Service), Type (Information, Ticketing, Patient Interactive, Check-In, Employment, and Others), and End-user (Retail, Hospitality, Healthcare, Financial Services, and Others)," the market was valued at US$ 11,319.3 million in 2019 and it is projected to reach US$ 21,415.4 million by 2027; it is expected to grow at a CAGR of 8.6% from 2020 to 2027. The report highlights key factors driving the market and prominent players with their developments in the market.The self-service kiosks offer several benefits to service providers, such as optimization of the overall cost of businesses by reducing the infrastructure set-up and labor cost. The self-service technologies permit the user to manage various services independently, without the participation of any representatives. They offer a higher level of customer satisfaction by offering control over their purchase decisions. These factors have led to the widespread adoption of self-service interactive kiosks in the urban areas. Furthermore, to boost the urban living, self-service kiosks offers several valuable services-such as advertising, live transit feeds, free unlimited Wi-Fi access, and emergency notifications-to users.
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Rising adoption of Internet of things (IoT) and other smart connected devices is further adding value to consumer experience. Smart kiosks are integrated with the world-class technologies, such as machine-to-machine communication, cloud, and IoT. Therefore, by leveraging these advanced technologies/ platforms, the self-service kiosks offer cost-effective access to information.
The report on the Self-Service Kiosk market includes information on the strategic collaborations. The study also mentions the key players across the Self-Service Kiosk market. Here are some prominent participants involved in the Self-Service Kiosk Market - Major Players: ACRELEC Group,Embross,Gemalto,KIOSK Information Systems,Meridian Kiosks,NCR Corporation,Olea Kiosks Inc.,Posiflex Technology Inc.,VeriFone, Inc.,Diebold Nixdorf, Inc.
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Impact of COVID-19 Pandemic on Self-Service Kiosks Market
The emergence and rapid spread of COVID-19 virus has paralyzed numerous countries, including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the globe. The subsequent disruption in production and operation processes due to the COVID-19 outbreak has led to the hindrance of export and import of raw material and goods across the borders. Due to limited revenue growth in 2020, several owners of retail stores, malls, restaurants, and theme parks have postponed their plans of implementing self-service kiosks. However, as COVID-19 recovery rate has begun improving each day, self-service kiosks are likely to gain traction.
It is anticipated to boost consumer spending by approximately 30% (as per the industry experts). Therefore, enterprises are expected to invest and implement kiosks in the coming months of 2021, which would, in turn, surge the demand for self-service kiosks. The impact of COVID-19 pandemic on Asia Pacific self-service kiosks market was marginal in 2020.
The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Self-Service Kiosk market. The researcher provides an extensive analysis of the Self-Service Kiosk market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
The global self-service kiosks Market has been segmented as follows:
Self-Service Kiosks Market - by Component
•
o Hardware
o Software
o Service
Self-Service Kiosks Market - by Type
•
o Information
o Ticketing
o Patient Interactive
o Check-In
o Employment
o Others
Self-Service Kiosks Market - by End User
•
o Retail
o Hospitality
o Healthcare
o Financial Services
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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