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 across major shopping centers in India. These kiosks, equipped with card payment modules, enable customers to complete transactions autonomously, thereby eliminating long queues and enhancing their shopping experience. By 2025, the self-service kiosk market is projected to grow significantly due to the increasing adoption of smart stores.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
225 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.4% |
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Market growth 2025-2029 |
USD 13279.1 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
13.0 |
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Key countries |
US, China, Japan, UK, Canada, Brazil, France, India, Germany, and UAE |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Self-service kiosks are transforming industries, enabling contactless payment processing and enhancing customer experience through artificial intelligence, virtual reality, and augmented reality. Banking services, retail, entertainment, and administrative processes are major industry verticals adopting self-service kiosks for brand awareness, efficiency, and convenience. Features like barcode scanners, card readers, video cameras, and vertical insights cater to various applications, from retail transactions to sports betting.
The Self-Service Kiosk Market, a segment of Technavio's global Technology Hardware, Storage, and Peripherals Market, is poised for significant growth. Contactless payment processing is a key trend, enhancing customer experience and reducing interaction with cashiers. Advanced technologies such as artificial intelligence, virtual reality, and augmented reality are integrating into self-service kiosks, offering personalized and interactive experiences. The Technology Hardware, Storage, and Peripherals Market's expansion is fueled by the increasing 4Vs of data - volume, velocity, veracity, and variety - driving the demand for advanced data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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