Interactive Kiosk Market | Adoption of Smart Parking Solutions to Boost the Market Growth | Technavio

LONDON--()--The global interactive kiosk market size is poised to grow by USD 4.79 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

Rapid urbanization and the increasing disposable income of consumers in developing countries have driven sales of automobiles. The increasing density of vehicles on roads is creating traffic congestion, which is translating to scarce parking slots and loss of time in finding them. This, in turn, is resulting in the loss of productive working hours. As a result, many private and public traffic management operators are adopting smart parking solutions. For instance, the University of San Diego in the US recently partnered with a kiosk solutions provider to enable people to pay parking charges from their mobile phones. With the growing adoption of smart parking solutions across the world, the demand for interactive self-service kiosks will increase. This will drive the growth of the global interactive kiosk market size.

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Report Highlights:

  • APAC will offer several growth opportunities to market vendors during the forecast period. The growing investments in the establishment of new retail stores and supermarkets will significantly influence the interactive kiosks market growth in this region.
  • The global interactive kiosk market is fragmented. Acante Solutions Ltd., Diebold Nixdorf Inc., Embross, IER SAS, Meridian Kiosks, NCR Corp., Olea Kiosks Inc., REDYREF, Rosendahl Conceptkiosk AS, and Source Technologies some of the major market participants. To help clients improve their market position, this interactive kiosk market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global interactive kiosk market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we re-evaluate the impact on businesses and update our report forecasts.

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Integration of Advanced Technologies will be a Key Market Trend

Vendors in the market are consistently developing new products to enhance customer experience and gain a competitive edge. They are integrating technologies such as artificial intelligence and facial recognition in self-service kiosks. This helps kiosk systems in understanding consumer data and develop a smarter system with voice assistant and customer order prediction. Though the use of such technologies is in the early stages, several market vendors have deployed interactive kiosks backed with AI and facial recognition in multiple pilot projects. Aramark Corp., a US-based food, facilities, and uniform service provider, recently deployed AI-powered self-service checkout kiosks at all of its major baseball stadiums. These checkout systems enable multiple users to place items on the unit and scan all items at once for payment. This has helped the company to boost transaction speeds and increase sales. The integration of advanced technologies is one of the significant interactive kiosk market trends influencing growth. As a result of these factors, the market will grow during the forecast period.

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Interactive Kiosk Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist interactive kiosk market growth during the next five years
  • Estimation of the interactive kiosk market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the interactive kiosk market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of interactive kiosk market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user placement
  • Retail - Market size and forecast 2019-2024
  • Travel and tourism - Market size and forecast 2019-2024
  • Financial services - Market size and forecast 2019-2024
  • Healthcare - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Acante Solutions Ltd.
  • Diebold Nixdorf Inc.
  • Embross
  • IER SAS
  • Meridian Kiosks
  • NCR Corp.
  • Olea Kiosks Inc.
  • REDYREF
  • Rosendahl Conceptkiosk AS
  • Source Technologies

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Interactive Kiosk Market will grow by USD 4.79 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/