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Contactless Payments Driving Retail Self-Service Kiosk Market Expansion Driver: Leading Transformation in the Retail Self Service Kiosk Market in 2025

02-06-2025 01:50 PM CET | Consumer Goods & Retail

Press release from: The Business Research Company

Retail Self Service Kiosk Market Size

Retail Self Service Kiosk Market Size

What Are the Projected Growth and Market Size Trends for the Retail Self Service Kiosk Market?
The retail self-service kiosk market has experienced strong growth in recent years. It is expected to rise from $23.41 billion in 2024 to $25.65 billion in 2025, at a compound annual growth rate (CAGR) of 9.6%. This growth is attributed to initiatives focused on cost reduction, consumer demand for convenience, regulatory compliance and security concerns, remote management and monitoring, increased competition, and the need for market differentiation.

The retail self-service kiosk market is projected to experience strong growth in the upcoming years, reaching $36.47 billion by 2029 with a compound annual growth rate (CAGR) of 9.2%. This growth is driven by expansion into emerging markets, enhanced data analytics, a focus on sustainability, and improved inventory management. Key trends during this period include augmented reality (AR) integration, voice-activated interfaces, blockchain-based payments, and the use of robotics and automation, as well as subscription services and membership programs.

What Is Driving the Growth Trajectory of the Retail Self Service Kiosk Market?
The growing adoption of contactless payments is anticipated to boost the expansion of the retail self-service kiosk market. Contactless payments provide a secure and efficient method for consumers to complete transactions without physically swiping their cards or handing them over to another person. The increase in contactless payments is attributed to factors such as convenience, the rising popularity of digital wallets, enhanced security measures, and lower cash-handling costs. Contactless payment solutions offer customers a quick, seamless, and secure transaction experience at self-service kiosks. For instance, in March 2024, UK Finance, a UK-based non-profit organization, reported that the total value of contactless transactions in 2023 reached £27.5 billion ($34.7 billion), marking a 7.2% rise from £25.7 billion ($32.4 billion) in December 2022. Therefore, the growing use of contactless payments is driving the retail self-service kiosk market.

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Which Leading Companies Are Shaping the Growth of the Retail Self Service Kiosk Market?
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

What Are the Major Trends Shaping the Retail Self Service Kiosk Market?
Top companies in the retail self-service kiosk market are concentrating on launching advanced kiosk solutions, including high-performance kiosks powered by Windows OS, to expand their offerings. These high-performance kiosks, integrated with Samsung's latest self-service display technology, improve functionality across various industries. For example, in May 2023, Samsung Electronics Co. Ltd., a South Korean technology company, introduced KMC-Windows, an updated Windows-based version of the Samsung Kiosk for retail self-service applications. This new model features a 24-inch interactive display and expanded software compatibility, catering to industries such as retail, food and beverage, healthcare, and travel. Designed to provide high-performance computing power, the kiosk seamlessly integrates with key ordering, POS, and property management systems.

What Are the Key Segments of the Retail Self Service Kiosk Market?
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

Subsegments:
1) By Hardware: Kiosk Enclosure, Touchscreen, Printer, Payment Module, Other Hardware Components
2) By Software: Operating System, User Interface Software, Payment Software, Management Software, Security Software
3) By Services: Installation Services, Maintenance Services, Support Services, Consulting Services

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Which Region Dominates the Retail Self Service Kiosk Market?
North America was the largest region in the retail self service kiosk market in 2024. 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.

What Is Covered In The Retail Self Service Kiosk Global Market Report?

- Market Size Analysis: Analyze the Retail Self Service Kiosk Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail Self Service Kiosk Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Retail Self Service Kiosk Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail Self Service Kiosk Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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