Interactive Kiosk Market Insights:
The global interactive kiosk market will touch USD 43.2 billion at a 12.40% CAGR by 2032, as per the recent Market Research Future report. The increase in smart cities will boost market growth over the forecast period. A key aspect of a smart city that is turning more prevalent in the metropolitan areas indeed is the interactive kiosk. They are employed for interactive advertisement, sharing community information, weather details, and online shopping. Locals and visitors can interact properly with their surroundings in a digital, smooth environment for the smart city kiosks.
The rising adoption of interactive kiosk in fast-food restaurants will offer lucrative opportunities for the interactive kiosk market in the forecast period. Casual dining venues and QSR can serve higher number of customers in a limited time for the interactive kiosks. Right from the point of sale to table bookings & order entry, all can benefit from the enhanced convenience and shorter wait times thus propelling market growth in the F&B industry. Various QSRs which includes Taco Bell and McDonald have installed in their stores such interactive kiosks for streamlining the billing process and ordering.
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Key Players:
- Siemens AG (Germany)
- Phoenix Kiosk Inc. (US)
- KIOSK Information Systems Inc (US)
- Advantech Co Ltd (Taiwan)
- NCR Corporation (US)
- SlabbKiosks (US)
- Embross (Canada),
are the notable vendors in the Interactive Kiosk Market.
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Interactive Kiosk Market Regional Analysis:
North America will head the market over the forecast period. Several factors are propelling the growth of the market in the region such as the growing need for computerized technology, the presence of advanced population, manufacturers focusing to use innovative solutions for satisfying customer’s needs, increasing need for computerized technology, the presence of developing countries like Canada and the US, and growing need to fulfil customer satisfaction in malls, supermarkets, and most banking and government premises.
Interactive Kiosk Market Segmentation:
The global interactive kiosk market is bifurcated based on end user, type, and component.
By component, hardware will lead this market in the forecast period.
By type, self-service kiosks will domineer the market in the forecast period.
By end user, retail will spearhead the market in the forecast period.
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The high installation cost, risk of software & hardware failure, and need for frequent maintenance may act as market restraints over the forecast period.
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