Food Self-service Kiosk Segment of Interactive Kiosk Market to Reach Value of US$ 7.91 Bn by 2027
According to anew market report published by Industry Probe (www.industryprobe.com) titled ‘InteractiveKiosk Market (Product: Food Self-service Kiosk, Beverage Self-service Kiosks,Photo Kiosks, Ticketing Kiosks, Parking Kiosks, Patient Interactive Kiosks,Information Kiosks, Employment Kiosks, Check-in Kiosks, Automated TellerMachines Kiosks, and Others; Type: Floor Standing Kiosk, Wall Mounted Kiosk, andOthers; and End-Use Industry: Retail, Hospitality, Banking & FinancialServices, Healthcare, Transportation, Media & Entertainment, Government,and Others) – Global Industry Dynamics 2018-19, Trends, and Forecast, 2020–2027’, the food self-servicekiosk product segment of the interactive kiosk market was valuedat US$ 4.58 Bn in 2018, and is expected to expand at a CAGR of 6.3% from 2019to 2027.
In terms of product, the food self-service kiosk segment accounts for a dominantshare of the global interactive kiosk market. Food self-service kiosks includefood ordering kiosks and food vending machines. With rise in the number ofrestaurants across the globe, the demand for interactive kiosks is increasing.Moreover, rise in the number of Quick Serve Restaurants (QSRs) and increasedadoption of interactive kiosks in QSRs is driving demand for these kiosks. Demandfrom various end-use industries, such as retail, healthcare, and BFSI, isexpected to drive the global interactive kiosk market. Establishedmanufacturers, such as NCR Corporation, Diebold Nixdorf Inc. etc., focus onproduct innovation and create sustainable brand loyalty among consumers. R&Dplays an important role in introducing new products in the existing market.Companies primarily focus on product differentiation. The development of smartand connected energy saving interactive kiosks has opened a scope fordiversification.
Food vending kiosks are common at airports, shopping malls, and otherpublic places and hence, their demand is high. This factor is likely to contributeto the growth of the food self-service kiosk segment. Automated teller machineskiosks segment account for the second largest share of the global market. Withadvancements in technology, customers use ATMs to conduct quick and easyself-service, including new account opening, debit card issuance, bank statementprinting, and other functions, along with cash withdrawal. Non-cash interactivekiosk is among the new generation of self-service banking devices, which can beimplemented on the basis of the needs of the customer and the infrastructure ofeach bank, providing a variety of digital banking services.
The global interactive kiosk market is dominated by several players thatare focused on the development of new products to cater to changing consumerpreferences
The report includes the below mentioned pointers of major playersoperating in the global interactive kiosk market:
- Competition Matrix
- Company Overview
- Market Share Analysis (2018)
- Product Innovation
- Business Strategies / Recent Developments
- Technological advancements
- Key mergers and acquisitions
- Expansion strategies
- Company Financials
Some of the prominent players featuredin the global interactive kiosk market to give a better competitive analysis ofthe market include Advanced Kiosks, NCR Corporation, Advantech Co., Ltd., OleaKiosks Inc., Diebold Nixdorf, RedyRef Interactive Kiosks, KIOSK InformationSystems, SlabbKiosks, Meridian Kiosk and ZIVELO.
Originallypublished on- http://industry-probe.over-blog.com/2020/08/food-self-service-kiosk-segment-of-interactive-kiosk-market.html
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