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Interactive Kiosk Market to Grow at 13.43% CAGR to 2021
The market research report ‘Global Interactive Kiosk Market 2017-2021’aims to offer insights into new business opportunities for companies such as Cargill, Cumberland Packing, Merisant, Tate & Lyle, and SweetLeaf.
Marketsizeforecasters.com adds new global Interactive Kiosk market: report that lists top active companies as Diebold, IBM, KIOSK Information Systems, NCR, HP, LG, Panasonic, Samsung Electronics, and Slabb.
Other Prominent Vendors in the market are: FLEX, IER, iKS Technologies, Photo Finale, Meridian, Phoenix Kiosk, and Rosendahl Conceptkiosk
Research Analysts forecast the global Interactive Kiosk market to grow at a CAGR of 13.43% during the period 2017-2021.
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Commenting on the report, an analyst team said: The physically challenged population and the population belonging to the age group above 50 years are becoming more interested in traveling the world. However, it is difficult for them to travel alone without proper assistance and aid. Interactive kiosk developers have been focusing on the development of kiosk systems that are easy to use by the physically disabled or the elderly. During the period of 2016-2036, the number of people belonging to the age group above 65 years is expected to be more than 400 million globally. Statistics show that the older population tend to travel more compared to the younger population with approximately 200 million trips booked in 2015. In addition, nearly 500 million people belong to the physically challenged population globally, and in 2015 they spent more than $10 billion on travel and leisure. Thus, self-service kiosks are gaining popularity in the market as it enables them to plan and organize their travel conveniently. Interactive kiosk developers are also manufacturing user-friendly kiosks for banks and other financial services to serve physically challenged individuals. Most of the automated banking machines installed in the banks offer audiovisual guidance to users when plugged into a headset jack. Braille labels are also being provided on kiosks for visually impaired individuals.
The listed pricing for this Interactive Kiosk Market report starts at $ 3500.
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According to the report, interactive kiosks function as self-service tools and are an integral part of places with high footfall like retail outlets, airports, and theaters. They are also used for various applications such as registration of patients in the hospitals, booking movie tickets, and flight reservations. Interactive kiosks offer several benefits to service providers and optimize costs by reducing the labor and infrastructure setup. They also increase the ROI for retailers as they collect data about customers’ preference, which can be used to customize service offerings. In the healthcare industry, interactive kiosks are used for managing key resources as they can carry out basic medical tests through automation that do not need a doctor’s intervention. Hence, the healthcare industry is adopting kiosks as a medium of service to save time for doctors.
Further, the report states that interactive kiosk industry undergoes continuous technological advances. Thus, manufacturing companies are required to update kiosks constantly with upgraded versions, which is expensive. This compels them to bring in new features and innovations in interactive kiosks to keep pace with the competition. Vendors are investing heavily in R&D for new product development. However, only a few top players in the market can afford this, while smaller vendors are unable to cope with rapid technological changes.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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