The self-service
technology market is expected to reach USD 39.07 billion by 2022,
according to a new study by Grand View Research, Inc. Growing focus by
enterprises for offering convenient services to the customers along with
customizing cost of these services is estimated to drive demand. Deployment of
several types of technologically advanced kiosks and vending machines has
revolutionized the industry with an improved automation experience.
Various enterprises operating in sectors including
food & beverages, retail, healthcare and banking are estimated to be the
key demand facilitators. The industry is driven by smart features including NFC
advancements, remote monitoring and cashles transactions.
Increasing awareness for active safety systems,
changing lifestyle and enhanced security in financial transactions are
projected to propel demand. Biometrics for self-service products has helped
consumers to experience secure and safe transactions. However, stringent
government safety regulations governing the use of vending machines can act as a
restraint for industry growth.
Browse full research report on Self-Service Technology Market: https://www.grandviewresearch.com/industry-analysis/self-service-technology-market
Further
key findings from the study suggest:
- ATM market accounted for over 80% of the overall demand in 2014 and
is estimated to lose share through the forecast period. They have emerged
as a multifunctional machines in recent years offering customers with
services such as cash deposit, bill payments, and account statements,
which was only limited to cash dispense in past. This additional service
has benefited the banks and financial institutions to improve their
revenue margin, saving their operating time and providing comfort to
customers.
- Kiosks segment is expected to exhibit high growth over the next few
years, reaching an estimated share of over 21% by 2022. Digital kiosks are
becoming more user-friendly as they are capable of undertaking difficult
tasks in healthcare, banking and other businesses.
- North America dominated the self-service technology market in 2014,
and is expected to exhibit stable grow at a CAGR of over 9.0% from 2015 to
2022. Availability of technologically advanced infrastructure and
emergence of new business models is expected to propel demand across this
region.
- Self-service technology market share is occupied by companies such
as NCR Corporation, Euronet Worldwide, Kiosk Information System, and
Diebold. Technology agreements and collaborations are the key strategies
adopted by the players in an effort to enhance their foothold. Different
types of interactive screens are being introduced by vendors with similar
but unique functionalities in an effort to communicate product related
information to consumers.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/electronic-devices
Grand
View Research has segmented the self-service technology market on the basis of
product and region:
Self-Service
Technology Product Outlook (Revenue, USD Million, 2012 – 2022)
- ATM
- Kiosks
- Vending
Machines
Self-Service
Technology Regional Outlook (Revenue, USD Million, 2012 – 2022)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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