The global interactive kiosk market was valued at an impressive USD 28.45 billion in 2021 and is projected to witness significant expansion, with a compound annual growth rate (CAGR) of 7.1% anticipated from 2022 to 2030. This growth trajectory can be largely attributed to substantial advancements in payment and security technologies, which have significantly accelerated the market's development over the past few years. Many self-service kiosk manufacturers are expected to harness the full potential of these technologies, integrating them as essential components of their product offerings. Interactive kiosks play a critical role in alleviating long queues in public spaces, such as inquiry counters at railway stations, banks, and shopping malls, as well as check-in counters at airports. In environments like hospitals and government offices, these kiosks streamline the paperwork associated with visitor data collection, thereby enhancing the overall experience for visitors.
In response to the COVID-19 pandemic, there has been a notable push towards increasing the adoption of interactive kiosks, as vendors strive to highlight the advantages these systems offer to customers. This period has seen a significant surge in research and development (RD) spending and innovation among vendors. New solutions that have emerged include kiosk systems equipped with temperature sensors, Personal Protective Equipment (PPE) dispensing kiosks, smart kiosks for collecting swab samples for COVID-19 tests, and mobile testing kiosks. These advancements illustrate the industry’s adaptability and responsiveness to emerging health challenges. Vendors are anticipated to maintain a strong focus on product innovation and development, aiming to secure a significant market share in the coming years.
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Type Segmentation Insights
Among the various segments within the market, the Automated Teller Machines (ATMs) segment led the charge, accounting for the highest revenue share of over 49.5% in 2021. The demand for ATMs is expected to be further fueled by ongoing digital transformation initiatives and increased spending in information and communication technology (ICT). Interactive vending kiosks, which accept payments or payment tokens and dispense products, are increasingly popular. These kiosks are primarily utilized for dispensing items such as packaged foods and beverages, medicines, and more. As a result, various players in the retail and food and beverage industries are actively rolling out vending kiosks as part of their strategies to enhance the buying experience for consumers.
Customer satisfaction is a critical focus within the retail sector, leading to the rollout of self-checkout kiosks designed to improve customer engagement, boost employee efficiency, and reduce operational costs. Today's consumers expect convenient and swift service, avoiding long wait times and minimizing travel distances to access products or services. Interactive kiosks are well-positioned to meet these expectations, providing an efficient solution for customers. Furthermore, there is a growing preference for self-service options among customers, which is a key factor driving the increasing self-service culture, particularly within the banking, financial services, and insurance (BFSI) sector. This shift highlights the importance of interactive kiosks in enhancing the overall customer experience across various industries.
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