Interactive Kiosk market share research by applications and regions for 2018-2024 - PowerPoint PPT Presentation

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Interactive Kiosk market share research by applications and regions for 2018-2024

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Industry participants in the interactive kiosk market include Partteam & OEMKiosks, Acante, Aila Technologies, Inc., Evoke Creative Limited, Olea Kiosks, Globaltronics, Inc., Diebold Nixdorf, Intuilab SA, NCR Corporation – PowerPoint PPT presentation

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Title: Interactive Kiosk market share research by applications and regions for 2018-2024


1
Interactive Kiosk market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Interactive Kiosk Market
  • The U.S. interactive kiosk market has witnessed
    growth in the recent years and is expected to
    maintain a dominant position. The demand is due
    to early adoption of advanced technologies in the
    country, customer demand for personalized
    services, and increasing investments from various
    industry verticals in the implementation of these
    systems to enhance the customer service. Emerging
    economies including India, China, and South Korea
    are expected to have a high demand in the
    interactive kiosk market. The growth in these
    countries is due to the digitization of products
    and services, the development of the retail
    sector, and the increasing purchasing power of
    consumers.
  • Interactive Kiosk Market size is driven by the
    increasing demand of customers to use the
    self-service processes for purchasing products,
    gaining product information, and consuming
    technically-advanced services. Customers prefer
    to use these technologies due to the time saving
    and improved reliability in purchasing a variety
    of products. These stalls offer instant customer
    service without the involvement of customer
    service employees, who are reserved for answering
    more unique questions and enquiry. Companies save
    the cost of appointing a large number of
    employees and human resources by incorporating
    these systems thereby contributing to the
    interactive kiosk market growth.

3
Continue
  • The key advantage of these devices is the cost
    reduction for various industries, especially the
    retail sector by minimizing the size of customer
    service sales teams and eventually reducing the
    overall cost. These interactive systems aid in
    analyzing the customer behavior by collecting
    certain customer data information, enabling
    companies to understand consumer preferences and
    catering to them in a more efficient manner. The
    increasing government initiatives for
    incorporating these machines for ease in the
    e-governance activities such as providing
    information about government programs, services,
    local tourism and publicizing new government
    websites or initiatives are contributing to the
    interactive kiosk market growth.
  • A major factor hindering the interactive kiosk
    market is the technical obsolescence occurring in
    the functional operations. Problems in machines,
    such as failure at critical times, lacking
    automatic upgrades, and high repair costs, pose
    significant challenges to the industry
    participants. These machines incur a very high
    total cost of ownership, hindering the
    interactive kiosk market growth. The compliance
    with regulations is another challenge to the
    industry growth.

4

Browse Full Research Report On Interactive Kiosk
Market _at_ https//bit.ly/2MiejfZ Request for
an in-depth table of contents for this report _at_
https//bit.ly/2KhCFWs https//www.gminsights.c
om/request-toc/upcoming/1797
5
Continue
  • Major trend in the interactive kiosk market
    include the evolution of touchscreen systems that
    aid several applications such as ticket vending,
    bill payment, banking activities, and showing
    directional maps. The innovation in electric
    vehicle technology is creating large
    opportunities for the interactive kiosk market.
    The advancements in technology also increase the
    availability and reliability of these machines as
    emergency warning systems. The security of
    outdoor kiosks is improving, allowing these
    systems to provide emergency warnings in critical
    situations in towns and cities. The emergence of
    augmented reality is anticipated to drive the
    interactive kiosk market growth. By implementing
    augmented reality, information is accessed from
    kiosks to smartphones, allowing users to tap the
    system database and get a video or picture of the
    surroundings. The feature aids customers to know
    the surroundings with a better understanding.
  • In the interactive kiosk market, payment kiosk
    machines are expected to witness growth over the
    forecast timeline. The growth can be attributed
    to the transaction ease and the speed of these
    systems, allowing customers to pay bills quickly
    without any hassle or by contacting staff
    members. These machines are available in various
    shapes and sizes from mounted options to outdoor
    standalones. The wayfinding kiosk segment in the
    interactive kiosk market is rapidly growing and
    is expected to gain large revenue shares over the
    forecast timeline. The wayfinding machines are
    increasingly utilized in airports, universities,
    roads, and shopping centers, where they help the
    visitors with 2D and 3D maps to give a better
    directional understanding and ease in traveling.

6
Continue
  • Retail applications in the interactive kiosk
    market are rapidly growing and witnessing an
    increasing demand for these products. Increasing
    demand is due to the reduction in the cost of
    customer interaction and engagement, increased
    sales, and ease in delivering ROI. These machines
    are highly affordable for the retail sector as
    compared to human workers as the machines work
    continuously in an efficient manner. Furthermore,
    the BFSI sector is increasingly utilizing these
    machines due to benefits offered such as
    digitization in the banking services, improving
    customer experience and brand reinforcement.
    Services such as ATMs, passbook printing
    machines, and cash deposit machines are used
    daily by consumers to save time and effort,
    contributing to the interactive kiosk market
    growth.
  • Industry participants in the interactive kiosk
    market include Partteam OEMKiosks, Acante, Aila
    Technologies, Inc., Evoke Creative Limited, Olea
    Kiosks, Globaltronics, Inc., Diebold Nixdorf,
    Intuilab SA, NCR Corporation, Phoenix Kiosk, IBM
    Corporation, IER SAS, Zebra Technologies, and
    Zivelo LLC. The industry is highly fragmented in
    nature with the presence of a large number of
    participants. Several players in the interactive
    kiosk market are increasingly focusing on new
    product development or innovations and merger
    acquisition strategies to sustain the intensive
    industry competition. For instance, in May 2018,
    Zivelo LLC announced its acquisition over Oak
    Labs, a software company providing efficient
    retail technology. The acquisition enables Zivelo
    to offer efficient software development tools
    other than its hardware and services offerings.

7
Methodology
  • Market
    research reports Key analytical components

8
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