Interactive Digital Kiosk has a wide range of applications in end users. Amongst various end users, government & BFSI are expected to generate the highest revenue of $12.33 billion during the forecast period of 2018 to 2023. On the contrary, the transportation segment is anticipated to grow with a high CAGR of 14.9% during the forecast period of 2018 to 2023 and its revenue is estimated to reach $2.6 billion by 2023.
North America with major share in the Interactive Kiosks Market
American countries which include the U.S., Canada and others, are estimated to be the leading kiosk providers, followed by APAC countries such as India, China and Japan. Hence, the Interactive Kiosk market is estimated to have appreciable growth in these regions, along with the European region regaining its old traction in the recent years. The global interactive touch screen kiosk market is set to experience a substantial growth owing to the steep rise in the number of ATMs and vending machines. America and APAC are the major shareholders with more than 60% combined share in the global interactive kiosk market, owing to the increasing demand for good customer experience and behavior.
Selected Implementation Analysis done in the full Report:
Technological advancement and evolution of the Kiosk display systems has resulted into modern touch screen kiosk interface from the original keyboard and mouse interface design to perform a wide range of applications such as bill payments, ticket vending, banking activities, display directions on the map and many more. Service/transaction kiosks dominated the overall interactive kiosk market with a share of approximately 75%, and generating revenue of $13.73 billion in 2018. It is anticipated to grow at CAGR of 7.19% to reach $19.41 billion by 2023. This is mainly attributed to the growing demand from retail and government/BFSI industry. Real time business analytics, new transaction models, better back-end operations, diagnosis of interactive kiosks are driving the global interactive kiosks market. The advent of the internet itself reduced the time and labor that were required for the process, during its absence. The use of internet facilities in the form of kiosks, vending machines further popularized the concept.
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Excerpts on Market Growth Factors:
Healthcare industry is high in demand due to the ease of distribution of essential and critical medical and healthcare products. Pharmaceutical kiosks, diagnostic and hospital management kiosks are receiving significant attention and are set to drive the interactive kiosk market.
Security related applications and development in the retail and entertainment industries are the prominent factors impacting the market growth of interactive kiosks.
Partnership of technological giants are to develop interactive kiosks based components. In addition, few major companies have even created separate business units dedicated to 3D imaging and sensing technologies.
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Key players of the Interactive Kiosks Market:
Some of the prominent vendors included in the Global interactive kiosks market are NCR Corporation, Diebold Inc., Wincor Nixdorf, Nautilus Hyosung, and Hitachi-Omron. The service providers in this market continue to evolve to meet the challenges of technology, growing consumer demands, increased emphasis on sustainable products, globalization, cost pressures and more.
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