Interactive Kiosk Market | Adoption of Smart Parking Solutions to Boost the Market Growth | Technavio
The global interactive kiosk market size is poised to grow by USD 4.79 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
Rapid urbanization and the increasing disposable income of consumers in developing countries have driven sales of automobiles. The increasing density of vehicles on roads is creating traffic congestion, which is translating to scarce parking slots and loss of time in finding them. This, in turn, is resulting in the loss of productive working hours. As a result, many private and public traffic management operators are adopting smart parking solutions. For instance, the University of San Diego in the US recently partnered with a kiosk solutions provider to enable people to pay parking charges from their mobile phones. With the growing adoption of smart parking solutions across the world, the demand for interactive self-service kiosks will increase. This will drive the growth of the global interactive kiosk market size.
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APAC will offer several growth opportunities to market vendors during the forecast period. The growing investments in the establishment of new retail stores and supermarkets will significantly influence the interactive kiosks market growth in this region.
The global interactive kiosk market is fragmented. Acante Solutions Ltd., Diebold Nixdorf Inc., Embross, IER SAS, Meridian Kiosks, NCR Corp., Olea Kiosks Inc., REDYREF, Rosendahl Conceptkiosk AS, and Source Technologies some of the major market participants. To help clients improve their market position, this interactive kiosk market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the global interactive kiosk market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we re-evaluate the impact on businesses and update our report forecasts.
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Integration of Advanced Technologies will be a Key Market Trend
Vendors in the market are consistently developing new products to enhance customer experience and gain a competitive edge. They are integrating technologies such as artificial intelligence and facial recognition in self-service kiosks. This helps kiosk systems in understanding consumer data and develop a smarter system with voice assistant and customer order prediction. Though the use of such technologies is in the early stages, several market vendors have deployed interactive kiosks backed with AI and facial recognition in multiple pilot projects. Aramark Corp., a US-based food, facilities, and uniform service provider, recently deployed AI-powered self-service checkout kiosks at all of its major baseball stadiums. These checkout systems enable multiple users to place items on the unit and scan all items at once for payment. This has helped the company to boost transaction speeds and increase sales. The integration of advanced technologies is one of the significant interactive kiosk market trends influencing growth. As a result of these factors, the market will grow during the forecast period.
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Travel and tourism - Market size and forecast 2019-2024
Financial services - Market size and forecast 2019-2024
Healthcare - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Acante Solutions Ltd.
Diebold Nixdorf Inc.
Embross
IER SAS
Meridian Kiosks
NCR Corp.
Olea Kiosks Inc.
REDYREF
Rosendahl Conceptkiosk AS
Source Technologies
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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