Portland, March 05, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global interactive kiosk market was estimated at $14.76 billion in 2018, and is expected to hit $29.14 billion by 2026, registering a CAGR of 8.7% from 2019 to 2026. The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and changing market trends.
Increase in demand for automated systems, upsurge in adoption of interactive system in retail application, and rise in inclination toward self-service systems propel the growth of the global interactive kiosk market. On the other hand, strict government regulations on vending machines and high cost of self-service system restrain growth. Nevertheless, high adoption of tele-kiosks with Global Positioning System (GPS) technology is expected to pave the way for several opportunities in the industry.
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The self-service kiosk segment to lead the trail by 2026-
Based on type, the self-service kiosk segment accounted for more than two-fifths of the total market revenue in 2018, and is expected to rule the roost by 2026. The bank kiosk segment, on the other hand, is projected to manifest the fastest CAGR of 11.6% throughout the forecast period. The vending kiosk segment is also analyzed in the market report.
The retail segment to dominate during the study period-
Based on industry vertical, the retail segment held the major share in 2018, generating more than one-fourth of the total market. At the same time, the BFSI segment is expected to cite the fastest CAGR 12.4% during the estimated period. The other segments discussed in the report include healthcare, government, and transportation.
North America to maintain its top status in terms of revenue-
Based on geography, North America contributed to two-fifths of the total market share in 2018, and is anticipated to retain the lion’s share during 2019–2026. The Asia-Pacific region would showcase the fastest CAGR of 13.0% by 2026. The other two provinces analyzed in the report take in LAMEA and Europe.
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Leading market players-
The key market players analyzed in the global interactive kiosk market include Kiosk Information Systems, Source Technologies, TouchScreen Solutions, Meridian Kiosk, Advantech Co., Ltd., Advanced Kiosks, Diebold Nixdorf Incorporated, REDYREF, NCR Corporation, and Embross. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.
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