Global self-checkout kiosk market size is estimated to grow at a CAGR of over 16% from 2016 to 2023 and is likely to be valued at over USD 18 billion by 2023. Increasing demand for these devices from the retail industry is anticipated to drive industry growth over the forecast period.
Surging integration of near field communication (NFC) technology in these machines is likely to change the way of operations. This technology enables customers in having touch-free transactions which in turn is anticipated to positively impact the self-checkout kiosk market size.
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U.S. self-checkout kiosk market size is likely to continue its dominance over the forecast period. Proliferation of numerous retail stores such as Kroger, Safeway, and Wal-Mart are estimated to drive the demand over the forecast period. Latin America market is expected to witness attractive growth prospects from 2016 to 2023.
Entertainment sector accumulated around 26% of the global self-checkout kiosk industry share in 2015. These machines are deployed in movie theaters, casinos, theme parks, sports arenas, and museums. They also provide a wide range of services such as printing photos, renting out DVDs, and ordering movie tickets.
These machines are used to print tickets for direct sales and online purchases. Print-only kiosks help customers by allowing them to buy tickets online, and in cutting labor costs. Various movie theaters are coming up with systems that help in providing customer service at concession stands.
Travel sector contributed around 11% of the overall industry share in 2015. Machines in this sector are deployed at bus terminals, airports, subways and train stations. It helps travelers in cutting down check-in times as well as enables airlines in reducing labor cost. Furthermore, application of multi-service kiosks for self-boarding and self-bag drop and services in aviation segment are expected to drive the demand for self-service kiosks. This sector is projected to make high investment in kiosks over the next seven years.
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Asia Pacific self-checkout kiosk market share is predicted to witness significant growth. Rapid growth in modern retail formats from emerging economies such as China and India is predicted to propel the market demand over next seven years.
Key industry partners accumulating substantial self-checkout kiosk market share include NCR, Fujitsu, NEC, Toshiba, Pan-Oston, and Wincor Nixdorf. Other prominent players in the industry include Versatile Credit, OLEA Kiosks, and PourMyBeer.
This latest Self-Checkout Kiosk Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Self-Checkout Kiosk Industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Self-Checkout Kiosk Market Size, Industry Analysis Report, Regional Outlook, Application Development, Price Trend, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/self-checkout-kiosk-market
Key Insights in this Report
- Self-Checkout Kiosk Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Self-Checkout Kiosk Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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