Pune, May 15, 2023 (GLOBE NEWSWIRE) -- The Interactive Kiosk Market, as reported by SNS Insider, witnessed a valuation of USD 28.50 billion in 2022. It is projected to achieve a substantial growth, reaching USD 47.53 billion by 2030, with a steady compound annual growth rate (CAGR) of 6.6% during the forecast period from 2023 to 2030.
Market Report Scope
Interactive kiosks are self-service devices that provide information, services, or products to users in a user-friendly and interactive manner. These kiosks are typically equipped with a touchscreen interface, allowing users to navigate through various options and make selections based on their needs. Interactive kiosks can be found in a wide range of settings, including retail stores, airports, malls, hotels, museums, healthcare facilities, educational institutions, and public spaces. They serve multiple purposes depending on the specific context.
Market Analysis
In recent years, the interactive kiosk market has experienced significant growth, largely driven by the advancements in payment and security technologies. These developments have revolutionized the self-service industry, propelling kiosks to become an integral part of various sectors. As a result, many self-service kiosk manufacturers are actively leveraging these cutting-edge technologies to enhance their product offerings and meet the evolving needs of businesses and consumers. One of the key factors driving the rapid growth of interactive kiosks is the evolution of payment technologies. With the rise of digital payment systems, such as mobile wallets and contactless payments, customers are increasingly looking for convenient and secure ways to complete transactions.
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Impact of Recession
It’s important to note that the impact of a recession on the interactive kiosk market can vary depending on the specific circumstances and the duration of the economic downturn. While recessions generally pose challenges, they can also create opportunities for innovation and adaptation. For instance, during tough economic times, businesses may seek ways to enhance operational efficiency and customer experiences, which could drive the adoption of interactive kiosk solutions.
Key Regional Development
The interactive kiosk market has experienced significant growth, with the North America region leading the way in terms of revenue share. Following closely behind is Europe, making these two regions the primary drivers of market expansion. North America, known for its political stability, is projected to maintain this trend in the years to come, providing a favorable environment for businesses operating in the interactive kiosk sector. The increasing market demand for interactive kiosks is an encouraging sign for businesses, as it indicates a growing interest and acceptance among consumers. This presents a tremendous opportunity for companies to leverage this technology and enhance their customer engagement and satisfaction.
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Key Takeaway from Interactive Kiosk Market Study
- The market is witnessing a shift towards the software segment, which is poised to lead the industry's growth. The adoption of advanced software solutions offers enhanced user experiences, cost savings, and improved operational efficiency.
- The aerospace and defence segment is poised to take a leading role in the market, driving growth and innovation in the years to come. With its focus on cutting-edge technology and a commitment to enhancing customer experience, this sector is well positioned to drive the development.
Recent Developments Related to Interactive Kiosk Market
- RoveIQ, a wayfinding software and smart kiosk company, has recently announced its re-launch with a brand new name and updated technology. The company's goal is to help businesses and organizations improve customer experience by providing easy-to-use digital solutions that enhance navigation and information gathering.
- Aroma360, the renowned leader in scent marketing solutions, is proud to unveil its latest innovation, the interactive scenting kiosk. This cutting-edge technology is set to revolutionize the way businesses engage with their customers by immersing them in captivating scent experiences.
Interactive Kiosk Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 28.50 Billion |
| Market Size by 2030 | US$ 47.53 Billion |
| CAGR | CAGR of 6.6% From 2023 to 2030 |
| Key Segments | • by Components (Software, Hardware, Service) • by Type (Self-service, Bank, Informative, Ticketing, Photo, Patient, Check-in, Employment, Casino, Food & Beverage Vending) • by Industry (Aerospace & Defence, Automotive, Architecture & Construction, Medical, Semiconductors & Electronics, Energy & Power, Heavy Machinery, Mining) • by End-user (Media and entertainment, Retail, Financial, Government, Hospitality, Transportation, Entertainment, Healthcare, BFSI) • by Panel size (17 – 32 inches, > 32 inches) • by Location (Indoor, Outdoor) |
| Regional Analysis | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Advanced Kiosks, Advantech Co., Ltd., NCR Corporation, Diebold Nixdorf, Incorporatede, Glory Ltd, Embross, Kiosk Information Systems |
| Market Drivers | • Improved shopping experience for Customers. • Popularity of Interactive Kiosk in all sectors. |
Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Interactive Kiosk Market Segmentation, by Component
9. Global Interactive Kiosk Market Segmentation, by Type
10. Global Interactive Kiosk Market Segmentation, By Industry
11. Global Interactive Kiosk Market Segmentation, By End-User
12. Global Interactive Kiosk Market Segmentation, By Panel Size
13. Global Interactive Kiosk Market Segmentation, By Location
14. Regional Analysis
15 Company Profiles
16 Competitive Landscape
17 Conclusion
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