Interactive Kiosk Market Overview:
The Interactive Kiosk market is growing at a CAGR of 9% for the period between 2017 to 2023. Over the years the popularity of interactive or smart kiosks has increased dramatically. The advancements in technology are pushing the Interactive Kiosk market to grow at a brisk pace. Several industry verticals enjoy the benefits of interactive kiosks. There are potential regions in the world where this technology is achieving great success in giving public service, as well as reducing manhours from various departments.
The interactive kiosk or digital kiosk boxes are an efficient computerized tool that gets installed into public places to provide public service and take inputs from random users. The initial computer model of kiosks started its journey in 1970. But since then, advancements in technology have enabled the kiosks to evolve. With time, kiosks gained touch screens, sleek models, and automated facility in them. At present times, there are smart interactive kiosks that have motion sensors in them. The popularity of this facility is helping the smart kiosk market to expand.
Interactive Kiosk Market Competitive Landscape:
The North American market upholds the largest market share in the interactive kiosk Market. The global leaders in the market are –
- Siemens AG (Germany)
- Phoenix Kiosk Inc. (US)
- KIOSK Information Systems Inc (US)
- Advantech Co Ltd (Taiwan)
- NCR Corporation (US)
- SlabbKiosks (US)
- Embross (Canada)
The emergence of COVID-19 is most damaging to all verticals of industries apart from few exceptions. The effects of the pandemic were not very straightforward in the case of interactive kiosks. There have been devastating market conditions in different industries during the lockdown period. To avoid infections, people of the world preferred to stay at their homes and avoided human contact as much as possible. The global interactive and self-service kiosk market depends on the engagement of people with the machines in a public place. Since people were less on street during the period, the need for more kiosks seems unnecessary.
On the other hand, due to the risk of infections, people tend to avoid physical contact and proximity with other people. In that area, self-service kiosks become helpful after the lockdowns are over and people started going to public places for obtaining different facilities. That way the global self-service kiosk market has an impact because the utility of these kiosks has increased after that.
Interactive Kiosk Market Dynamics:
The self-service facility of the kiosks gives the users a lot of freedom, flexibility, and satisfaction in public places. Not only the users prefer self-service kiosks, the authorities, and administrators too. The obvious reasons are the cost-benefits of using kiosks. The interactive kiosk software innovations make them more user-friendly with time. There is utility as well as entertainment factors in the interactive kiosks that generate the engagement and therefore demand for them.
The authorities save money from recruiting personnel on the same public services the self-service machines are capable of providing. The urban societies in the world have developed strong affections for these kiosks because of their independent usage possibility. The interactive video kiosks in the public place increase the aesthetics, utility, and development quotient of a location. These factors are driving the global market to great lengths.
There are several benefits of having interactive kiosks in urban public places. One of the prime benefits of kiosks is, they get upgraded every time new
interactive kiosk solutions arrive at the market. While giving public services, several kiosks use the internet to update the data in the cloud server. The availability of unlimited Wi-Fi connections increases the efficiency of the devices. There have been enough innovations in the machine-learning, the internet of things (IoT), and artificial intelligence (AI) technologies in smart kiosks.
These advanced solutions are likely to make the user experience smoother, faster, and better. The world-class technological developments like machine-to-machine communication, cloud technology, etc in digital signage and interactive kiosks are making the devices more popular. Basing on these new platforms, the global market of kiosks is projected to reach great highs in the coming years.
One of the primary obstacles in the way of smart kiosk facilities is blatant misuse. There has been an ongoing crisis of mega-cyber crimes and stealing of sensitive data, stealing of money, and documents everywhere in the world. The
interactive kiosk companies are losing trust and money for the huge racket of expert cybercriminals who are breaking security gates one after another. Due to cybercrime, many users fear to make monetary transactions or input their private bank pins in the kiosks. The kiosks with payment gateways are one of the biggest targets of these criminals.
Since the kiosks are placed in public spaces, they are always prone to hacking, improper use, and damage by criminals. Forging identity before kiosks to make a fraudulent misuse, has become a common practice. Unless the kiosks are under constant surveillance, it is an obstacle in the interactive kiosk market growth.
The interactive kiosks are effective because they are out in public places open to outdoor weathering conditions. An obvious threat in front of all the kiosks is the damaging factor due to outside weather. At present, there several fancy-looking kiosks u there which are not suited to sustain heavy rainfall, storm, snowfall, etc. The
kiosk manufacturers have to put stress on these parameters to ruggedize the outer shells of the machines.
Also, the problem with smart kiosks is, they are completely dependent on the latest technology. The makers have to keep up-grading the systems whenever new solutions come along. The interactive kiosk display has to change with the progression of time. The latest designs have to include the new technologies and are robust enough to sustain the weathering conditions.
Cumulative grow analysis:
The global market for interactive kiosks is expected to maintain a brisk pace for the upcoming years. Based on market projections, the
interactive kiosk market size is growing at a CAGR of 9% for the forecast period of 2017 to 2023. In the coming years, self-service and outdoor kiosks are going to reach an exponential height in the market. The global interactive kiosk market is expected to grow at USD ~34 Billion by 2023, at ~9% of CAGR between 2017 and 2023.
Various segments of the market will observe lucrative growth in the coming years. The interactive kiosk market report suggests that outdoor kiosks in the population-dense regions will mark the maximum growth in the market.
Value chain analysis:
The interactive kiosks are a useful device that provides service in various locations. Especially, in industries like transport, amusement, healthcare, consumer care, banking and finance, education, etc are the prime end-users of different
interactive kiosk designs. So, these verticals must keep growing business records. That is the way that interactive kiosks will grow in the market.
The interactive kiosks solve a lot of purposes in the public domain. They provide information, entertainment, control on vending machines, monetary services, etc. These public service tools have a huge market in the global scenario. Based on multiple parameters, the global
kiosk market size can be segmented into various subsegments, i.e.
Interactive Kiosk Market Segment based on the component:
Interactive Kiosk Market Segment based on type:
- Interactive kiosks software
- Interactive kiosks services
- Interactive kiosk hardware
Interactive Kiosk Market Segment based on end-user:
- Self-service interactive kiosks
- Vending interactive kiosks
- Bank interactive kiosks
- Informative interactive kiosks
Interactive Kiosk Market Segments based on panel size:
- Media and entertainment
Interactive Kiosk Market Segments based on location:
Interactive Kiosk Market Segments based on regions:
- 17 – 32 inches
- > 32 inches
- North America
- Asia Pacific (APAC)
- Rest of the world
According to interactive kiosk market trends, the North American region is going to hold the leading market position for the duration of 2017 to 2023. The North American countries, i.e., the U.S., Canada, Mexico, have a remarkable customer adoption rate. These countries are considered to be high-income states, where the latest technologies place their feet at first. The strong economic protection of these states allows investments in the latest interactive kiosk technology.
There is an increase in the installments of smart kiosks in APAC countries like Japan, China, Hong Kong, India, etc. In the coming years, there is a possible uprise in the market share of the APAC countries as well.
Interactive Kiosk Market Recent Developments:
Interactive Kiosk Market Report overview:
- In 2019, the famous healthcare brand Zenig had announced its partnership with KIOSK Information Systems Inc. This new has created interactive kiosk market trends.
- In 2018, Embross has launched the first biometric terminal in collaboration with US-based Delta Airlines and Japan-based NEC.
This report provides insights into the global interactive kiosk market. The multifaceted discussions in the report emphasize the importance of market factors in the growth of interactive kiosks.
- Historic period: 2017
- Base period: 2021
- Forecast period: 2023
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Frequently Asked Questions (FAQ) :
Government, retail, media & entertainment, BFSI, healthcare, and others are the main end-users in the interactive kiosk market.
More and more companies in APAC are focusing on targeting the interactive kiosk to fulfil the requirements of their customers’ need, which benefits the market.
Notable market trends include the benefits of Interactive Kiosk including broader reach to the mass audience in reduced time as well as proficient real-time access to informative data.
The market can expand in the near future at a rate of 9%.
The market size by 2023 is estimated to be approx. USD 34 Bn.
Interactive kiosks are used in various application areas from travel industries to healthcare as they help in obtaining personal information from the users easily.
Self-service interactive kiosks Vending interactive kiosks Bank interactive kiosks Informative interactive kiosks Others
The interactive kiosk or digital kiosk boxes are an efficient computerized tool that gets installed into public places to provide public service and take inputs from random users.