Global Retail Self Service Kiosk Market 2024 : Trends, Business Growth And Major Driving Factors | Samsung Electronics Co. Ltd., Verifone Inc., Hitachi Ltd., Schlumberger Limited

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Retail Self Service Kiosk Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $33.43 Bn In 2028 At A CAGR Of 9.3% :

The retail self service kiosk market size has grown strongly in recent years. It will grow from $21.45 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased cost reduction initiatives, consumer demand for convenience, regulatory compliance and security concerns, remote management and monitoring, competition and market differentiation.

The retail self service kiosk market size is expected to see strong growth in the next few years. It will grow to $33.43 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing expansion into emerging markets, enhanced data analytics capabilities, focus on sustainability and eco-friendly solutions, improved inventory management. Major trends in the forecast period include augmented reality (AR) integration, voice-activated interfaces, blockchain-based payments, integration with robotics and automation, subscription-based services and membership programs.

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Retail Self Service Kiosk Market Major Segments
The retail self service kiosk market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Type: Point of Interaction, Ticketing Kiosk, Other Types
3) By Application: Convenience, Super Markets

Key Driver - Contactless Payments Driving Retail Self-Service Kiosk Market Expansion

The expanding use of contactless payments is expected to propel the growth of the retail self-service kiosk market going forward. Contactless payments refer to a secure and convenient payment method where customers can make purchases without physically swiping their card or passing it to another person. The reasons for expanding contactless payments are convenience, encouraging the adoption of digital wallets, enhanced security, and reduced cash handling costs. Contactless payments provide customers a fast, convenient, and secure way to complete transactions at self-service kiosks. For instance, in March 2024, according to reports published by UK Finance, a UK-based non-profit organization, the total value of contactless transactions was £27.5 billion ($34.7 billion) in 2023, a 7.2% increase of £25.7 billion ($32.4 billion) in December 2022. Therefore, the expanding use of contactless payments is driving the growth of the retail self-service kiosk market. 

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Prominent Trend - High-Performance KMC-Windows Kiosk For Retail Self-Service Market

Major companies operating in the retail self-service kiosk market are focusing on developing new kiosk solutions such as high-performance kiosks built on Windows OS, to advance their offerings to their customers. The new high-performance kiosk is built on the Windows OS with Samsung's latest interactive self-service display. For instance, in May 2023, Samsung Electronics Co. Ltd., a South Korean information technology company, launched KMC-Windows, an updated Windows version of the Samsung Kiosk designed for retail self-service applications. This new kiosk model features an interactive 24-inch display with expanded software compatibility, catering to industries such as food and beverage, retail, travel, and healthcare, offering high-performance computing power and full compatibility with significant ordering, point-of-sale, and property management system software. 

Retail Self Service Kiosk Market Players
Major companies operating in the retail self service kiosk market are Samsung Electronics Co. Ltd., Verifone Inc., Hitachi Ltd., Schlumberger Limited, NCR Corporation, Diebold Nixdorf Inc., Sanden Holdings Corporation , Kontron AG, Fuji Electric Co.Ltd., Elo Touch Solutions Inc., Telpo Technology Co. Ltd., Fabcon Inc., Evoke Creative Limited, KIOSK Information Systems Inc., Japan Cash Machine Inc. Ltd., Saudi Economic and Development Company, Meridian Kiosks LLC, Frank Mayer and Associates Inc. , Pyramid Computer GmbH, Voxson Pty. Ltd., RedyRef Interactive Kiosks, LamasaTech Inc., Optical Phusion Inc., Olea Kiosks Inc., Phoenix Kiosk Inc., Zytronic plc

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Largest And Fastest Growing Region In The Market
North America was the largest region in the retail self service kiosk market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail self service kiosk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Retail Self Service Kiosk Market Report Structure
3. Retail Self Service Kiosk Market Trends And Strategies
4. Retail Self Service Kiosk Market - Macro Economic Scenario
5. Retail Self Service Kiosk Market Size And Growth
…..
27. Retail Self Service Kiosk Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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