Interactive Kiosk Market to Reach USD 33.99 Billion by 2027 | Kiosk Industry Exhibiting CAGR of 9.8% During 2020-2027
Fortune Business Insights
7 min read
Companies covered in the Interactive Kiosk 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)
Pune, India, April 25, 2022 (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.
The global Interactive Kiosk Market is projected to grow from USD 17.63 billion in 2020 to USD 33.99 billion by 2027 at a CAGR of 9.8% during the 2020-2027 period.
In July 2021, imageHOLDERS, a US based kiosks manufacturer has unveiled its recently developed touchless kiosks to promote touchless and more secured mode of kiosks operation in the pose pandemic era. The kiosks developed by the company can respond to the movement of hands and fingers moving in front of its screen. The company has collaborated with Ultraleap for the development of the said product. ImageHOLDERS is using camera module and Software of Ultraleap in the products.
In July 2021, Global Healthcare Exchange (GHX) has incorporated improvements in its Vendormate Kiosk to improve the capabilities and interactive features of its kiosk system. The company has provided enhanced visitior management facilities through a software update.
In June 2021, Trigo which operates as a manufacturer of checkout technology and kiosks setups has developed an AI integrated technology to develop an autonomous store. The payments will be settled by analyzing the shopping of the customers using interactive kiosks and ceiling mounted cameras installed at the stores. Trigo has ventures into the partnership with Google Cloud to develop the technology.
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.
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)
Scope of the Report
An interactive kiosk is a type of computer terminal which is used for featuring specialized hardware and software that provides access to information and applications for communication, commerce, entertainment, or education. The interactive kiosk market is segmented by type into Information kiosks, ticketing kiosks and other types.
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.
Increasing Adoption of Cloud Computing & Mobility to Augment Market Growth
Rising Demand for Self-Service Kiosks Across Retail, Entertainment, and BFSI Industry to Fuel Market Growth
Kiosks are based on a single-modal usability approach and robotics analytics capabilities that require a core structure to store a large amount of data
Pitfalls & Challenges
High Maintenance & Installation Cost Associated with Kiosks to Restrain Market Growth
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.
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.
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.
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