Pune, India, Feb. 17, 2021 (GLOBE NEWSWIRE) -- The global interactive kiosk market size is expected to showcase exponential growth by reaching USD 33.99 billion by 2027 while exhibiting a CAGR of 9.8% between 2020 and 2027. This growth is attributable to the rising healthcare sector and the increasing adoption of cloud computing and mobility to develop innovative interactive kiosk globally. This information is published by Fortune Business Insights in its latest report, titled, “Interactive Kiosk Market Size, Share & COVID-19 Impact Analysis, By Type (Public Information Kiosks, Financial Service Kiosks, Ticketing Kiosks, Hospital Registration Kiosks, Check-in Kiosks and Others), By Industry (Retail, BFSI, Healthcare, Hospitality, Airports, IT/Telecommunication and Others) and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 16.10 billion in 2019.
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COVID-19 Impact: Market to Exhibit 9.6% CAGR in 2020
The novel coronavirus has led to significant disruption in the supply and chain of several industries. The interactive kiosk manufacturers are experiencing reduced revenue generation due to halted operations and fewer workforce. On the other side, the pandemic is expected to provide lucrative opportunities to the manufacturers amid the crisis as there is a growing demand for contact-less industrial operations. Therefore, the market is expected to exhibit a positive CAGR of 9.6% in 2020.
An interactive kiosk is a type of computer terminal consisting of advanced software and hardware that provides efficient and quick access to information. They are extensively adopted across industrial applications such as commerce, entertainment, education, and communication. Moreover, they help in the growth of the companies by providing their customers with unique and interactive self-service options.
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What does the Report Provide?
The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.
DRIVING FACTORS
Increasing Adoption of Cloud Computing to Promote Growth
Interactive kiosk work on a single-modal usability approach and include robotic analytics capabilities to store large amounts of data. The increasing adoption of cloud computing aids in remote access of the device that can be controlled from any part of the globe with the help of cloud-based software. This proves beneficial for the companies that aim to maximize their business processes without allocation of several resources. Furthermore, the novel coronavirus has led to the growing demand for healthcare services that are focusing on deploying contact-less services to prevent the transmission of bacterial and viral infection. Therefore, these factors are expected to contribute to the global interactive kiosk market growth in the forthcoming years.
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SEGMENTATION
Retail Segment to Hold Largest Market Share
Based on the industry type, the retail segment is expected to gain momentum owing to increasing adoption of interactive kiosk across retail stores that lead to providing superior service to the customers.
REGIONAL INSIGHTS
North America to Remain at Forefront; Increasing Focus on Providing Optimum User Experience to Aid Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global interactive kiosk market during the forecast period. This dominance is attributable to the increasing focus by the interactive type of kiosks manufacturers to ensure quality user interface experience that is propelling them to develop advanced kiosks enabled with latest technologies in the region. North America stood at USD 4.95 billion in 2019.
The market in Europe is expected to showcase exponential growth backed by the presence of established manufacturers that are focusing on developing innovative kiosks in the regions between 2020 and 2027.
COMPETITIVE LANDSCAPE
Partnership between Major Companies to Expand Their Product Portfolio and Boost Sales Revenue
The global market comprises small, medium, and large companies striving to maintain their presence by partnering other companies and further expanding their footprint. Additionally, other key players are adopting strategies such as merger and acquisition, collaboration, and facility expansion that will bode well for the market growth in the forthcoming years.
Industry Development:
- April 2019 - BankDhofar announced the implementation of SelfServ 81 ATMs by NCR Corporation. According to the bank, they can migrate routine transactions to several self-service channels to ensure that the staff gets dedicated time to address customer grievances.
List of the Companies Operating in the Global Market:
- ZIVELO (United States)
- Meridian Kiosks (United States)
- KIOSK Information Systems (United States)
- Olea Kiosks Inc. (United States)
- SITA (Switzerland)
- NCR Corporation (United States)
- Diebold Nixdorf, Inc. (United States)
- Advantech Co., Ltd. (Taiwan)
- Embross (Canada)
- Glory Global Solutions (International) Limited (United Kingdom)
- iQmetrix (Canada)
- REDYREF (United States)
- DynaTouch (United States)
- Peerless-AV (Germany)
- CSA Service Solutions (United States)
- H32 Design and Development, LLC (United States)
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Table of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Market Share Analysis and Matrix, 2019
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players (Would be provided for 10 players only)
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Gross Margin
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
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