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Self-service kiosk market booming, Technavio finds

Monday, July 01, 2024 — 12:33:53 (EDT)

NEW YORK, July 1, 2024 /PRNewswire-PRWeb/ -- The global self-service kiosk market size is estimated to grow by USD 10.67 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.17% during the forecast period. This growth is attributed to the increasing adoption of contactless payments and the rise of smart stores that utilize self-checkout kiosks.

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Technavio has announced its latest market research report titled Global self-service kiosk market 2024-2028

Key takeaways:

Market to grow at a CAGR of 14.17% during the forecast period.

Contactless payments and smart stores are major growth drivers.

Tablet kiosks pose a challenge to traditional kiosk adoption.

North America holds the largest market share (41%).

Market benefits:

Convenience and efficiency for customers.

Reduced wait times and improved customer experience.

Streamlined operations and improved service delivery for businesses.

Industries leveraging self-service kiosks:

Retail

Banking and finance

Hospitality

Travel and tourism

Healthcare

Entertainment and gaming

Stadiums and sports betting

Report offers insights on:

Market segmentation by end-user, component, and geography.

Growth drivers, challenges, and trends.

Competitive landscape

Learn and explore more about Technavio's in-depth research reports

In the dynamic landscape of retail, digital transformation is reshaping operations, customer interactions, and backend processes. This evolution is underscored by the growing adoption of rugged devices, tailored to withstand harsh environments while enhancing efficiency and customer experience. As senior research analysts navigate this terrain, insights into market trends, competitive dynamics, and strategic advisory become pivotal. This synergy between digital transformation in retail and the burgeoning rugged devices market presents opportunities for informed market analysis, data-driven strategies, and impactful decision-making.

Overall, the self-service kiosk market presents a significant opportunity for businesses in the retail and service sectors.

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Source: Company press release.