Latest News- Self-Service Kiosk Market: Retail is expected to lead the End-user segment during 2025-2029

The Self-Service Kiosk Market is being driven by Increasing adoption of contactless payment

The Self-Service Kiosk Market is expected to grow at a CAGR of 15.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13279.1 million. In the evolving retail landscape, smart stores are emerging as the new norm, integrating advanced technologies such as smart carts, mirrors, and self-service kiosks. MARS Cosmetics, a leading beauty brand, has capitalized on this trend by launching 30 self-service kiosks in major shopping centers across India. These kiosks, equipped with card payment modules, offer self-checkout services, enabling customers to complete transactions swiftly and efficiently. By eliminating the need for human interaction, these kiosks enhance customer engagement, provide immersive experiences, and enable shoppers to bypass lengthy queues. The deployment of self-service kiosks in smart stores is a strategic move to cater to the increasing demand for contactless and convenient shopping solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Retail
  • Financial services
  • Travel and tourism
  • Healthcare
  • Others
• Component
  • Hardware
  • Software
  • Services
• Display Type
  • LCD displays
  • Touchscreens
  • Projector-based displays
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing adoption of contactless payment
• Increasing use of data analytics to predict consumer behavior
• Growing investment in smart parking

However, the market also witnesses some limitations, which are as follows:

• Growing demand for tablet kiosks
• Increased data exfiltration
• Infrastructure and connectivity issues

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Market Scope in Self-Service Kiosk Market Research Report

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Research Analysis Overview

The Self-Service Kiosk Market is experiencing significant growth in various industry verticals, including retail and banking, due to the offering of contactless payment processing and enhanced customer experience. Artificial intelligence, virtual reality, and augmented reality are transforming self-service kiosks, providing ticketing, check-ins, self-orders, and brand awareness. Key components include keyboards, barcode scanners, card readers, printers, trackballs, video cameras, and vertical insights. Entertainment verticals, such as gaming, stadiums, and sports betting, are utilizing self-service kiosks for administrative processes, while governments are implementing them for convenience and efficiency.

Market Research Overview

The Self-Service Kiosk Market, a segment of Technavio's global Technology Hardware, Storage, and Peripherals Market, is experiencing significant growth due to several key trends. Contactless payment processing is a major driver, as retailers seek to enhance customer experience and minimize physical interaction. Additionally, advancements in artificial intelligence, virtual reality, and augmented reality are transforming self-service kiosks, offering personalized experiences and increasing efficiency. Technavio's global Technology Hardware, Storage, and Peripherals Market research reveals that the market's growth is also fueled by the increasing volume, velocity, veracity, and variety (4Vs) of data, necessitating advanced data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/