San Francisco, Nov
12 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:
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: 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
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-self-service-technology-market
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.
For more information:
www.grandviewresearch.com
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