The self-service technology market is expected to
reach USD 39.07 billion by 2022, according to a new study by Grand View
Research, Inc. Growing focus by enterprises for offering convenient services to
the customers along with customizing cost of these services is estimated to
drive demand. Deployment of several types of technologically advanced kiosks
and vending machines has revolutionized the industry with an improved
automation experience.
Various enterprises operating in sectors
including food & beverages, retail, healthcare and banking are estimated to
be the key demand facilitators. The industry is driven by smart features
including NFC advancements, remote monitoring and cashles transactions.
Increasing awareness for active safety
systems, changing lifestyle and enhanced security in financial transactions are
projected to propel demand. Biometrics for self-service products has helped
consumers to experience secure and safe transactions. However, stringent
government safety regulations governing the use of vending machines can act as a
restraint for industry growth.
For full research report on Self-Service
Technology Market visit here: https://www.grandviewresearch.com/industry-analysis/self-service-technology-market
Further key
findings from the study suggest:
- ATM market accounted for over 80% of the
overall demand in 2014 and is estimated to lose share through the forecast
period. They have emerged as a multifunctional machines in recent years
offering customers with services such as cash deposit, bill payments, and
account statements, which was only limited to cash dispense in past. This
additional service has benefited the banks and financial institutions to
improve their revenue margin, saving their operating time and providing
comfort to customers.
- Kiosks segment is expected to exhibit high
growth over the next few years, reaching an estimated share of over 21% by
2022. Digital kiosks are becoming more user-friendly as they are capable
of undertaking difficult tasks in healthcare, banking and other businesses.
- North America dominated the self-service
technology market in 2014, and is expected to exhibit stable grow at a
CAGR of over 9.0% from 2015 to 2022. Availability of technologically
advanced infrastructure and emergence of new business models is expected to
propel demand across this region.
- Self-service technology market share is
occupied by companies such as NCR Corporation, Euronet Worldwide, Kiosk
Information System, and Diebold. Technology agreements and collaborations
are the key strategies adopted by the players in an effort to enhance
their foothold. Different types of interactive screens are being
introduced by vendors with similar but unique functionalities in an effort
to communicate product related information to consumers.
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here : https://www.grandviewresearch.com/industry-analysis/self-service-technology-market/request/rs1
Grand
View Research has segmented the self-service technology market on the basis of
product and region:
Self-Service
Technology Product Outlook (Revenue, USD Million, 2012 – 2022)
- ATM
- Kiosks
- Vending Machines
Self-Service
Technology Regional Outlook (Revenue, USD Million, 2012 – 2022)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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