Press release
Self-Service Technologies Market Outlook 2024: Exclusive Report By The Business Research Company
Self-Service Technologies Market
The Business Research Company offers in-depth market insights through Self-Service Technologies Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The self-service technologies market size has grown strongly in recent years. It will grow from $37.3 billion in 2023 to $40.37 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to enhanced security measures, changing consumer behavior, market competition and differentiation,regulatory changes and compliance..
The self-service technologies market size is expected to see rapid growth in the next few years. It will grow to $59.13 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to globalization and standardization, sustainability and environmental concerns, expansion into new industries, regulatory compliance and security measures, personalization and customer experience.. Major trends in the forecast period include remote and ai-powered support, contactless solutions, mobile integration, ai and automation, omnichannel experiences..
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Market Segmentation:
The self-service technologies market covered in this report is segmented -
1) By Type: ATM, Kiosks, Vending Machine
2) By Component: Hardware, Software, Services
3) By End-User: BFSI, Manufacturing, Hospitality, Retail, Healthcare, Offices, Education, Other End Users
Major Driver - Growing Demand For Self-Service Machines To Drive Self-Service Technologies Market
The rise in demand for self-service machines and automated devices will drive the self-service technologies market in the forecast period. A self-service kiosk is a touchscreen computer or interactive tablet that enables a customer to access information or services without having to speak to a live person. The increasing shift among companies operating in service industries to adapt self-service machines to reduce human resources and retain existing customers with highly effective services has increased the demands for self-service machines and automated devices across the globe. For instance, according to a PYMTS poll, self-service checkouts are used by 34.7% of retail shoppers because they have fewer lineups, and 49.4% do so because the process is quicker. Customers have quickly gotten used to tech-enabled self-service alternatives in restaurants, so it stands to reason that hotel guests would do the same. Therefore, increasing demand for self-service machines and automated devices is expected to boost demand for self-service technologies during the forecast period.
Competitive Landscape:
Major companies operating in the self-service technologies market report are KIOSK Information Systems Inc., NCR Corporation, HESS Cash Systems GmbH & Co KG, Fujitsu Limited, Glory Global Solutions Limited, Zebra Technologies Corporation, Advanced Kiosks, Protouch Manufacturing Ltd., SEDCO Holding Group, Embross Group Inc., Frank Mayer and Associates Inc., Advantech Co. Ltd., DATAIKU SAS, Denodo Technologies Inc., WorkJam Inc., env0 Inc., Optery LLC, Morty Inc., NLX Corporation, Knowmax Technologies Private Limited, Google LLC, ServiceTarget Inc., International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE, Verint Systems Inc., Avaya Inc., Cisco Systems Inc., Genesys Telecommunications Laboratories Inc.
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Top Trend - Technological Advancements Drive Innovation In Self-Service Technologies Market
Technological advancements have emerged as a key trend in the self-service technologies market. The companies operating in self-service technologies are focusing on developing innovative solutions with advanced technologies such as AI, blockchain, and others to meet the demand for self-service machines and automated devices, wireless communication, remote management and technology advancements in both rural as well as urban areas. For instance, in 2021, Fuji Electric Co., Ltd. introduced an intelligent vending machine that dispenses various hygiene products such as wet tissues, masks, and disinfectant sprays.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Self-Service Technologies Market Characteristics
3. Self-Service Technologies Market Trends And Strategies
4. Self-Service Technologies Market - Macro Economic Scenario
5. Self-Service Technologies Market Size And Growth
…..
27. Self-Service Technologies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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