The global [FURL=https://www.industryarc.com/Report/15424/interactive-kiosk-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Interactive Kiosk Market[/FURL] is estimated to surpass $35.8 billion mark by 2026 growing at an estimated CAGR of more than 6.4% during the forecast period 2021 to 2026. Interactive Kiosks are computer devices designed to help people in performing specific tasks and services on their own like paying bills, buying tickets, bank transactions and others. It’s a standalone device in a public place used for contributing information or for any kind of promotional purpose, often incorporating an interactive display on screens. Interactive kiosks market has a cut-throat competition for the big players in the market with its huge demand from various industries like Entertainment, Hospitality, banking and other industries.. They enhance the user experience to make services hassle free and matters of seconds which are of paramount importance to the comfort level of consumers. Data security is a key feature of kiosks which is driving the demand of Interactive Kiosk market.Key Takeaways
With the usage of Interactive Kiosks in retail practices to enhance customer experience and analyzing public behavior are playing a significant role in driving the market. It has a various advantages like efficiency of sales, reduced transaction time, improved interaction, enhanced service are driving the market.
Security related applications and development in retail and entertainment industries are the major divers of the market. Kiosks helps various industries to save time, and to increase the number of users that approach at a time as it gives effective information in less time is further driving the market.
Technological advancements such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) in the field of digital payment and security applications have also contributed to the expansion of applications and the use of Interactive Kiosks.
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Interactive Kiosk Market Drivers
Growing Demand for ATMs
The growing growth of contactless payment systems, combined with the need of reduce processing times at various counters, interactive kiosk demand is increasing as it avoid long-standing queues, while providing operating efficiency. With a rising population and increasing public awareness of banking services, demand for ATMs is growing at a fast rate. Large investments in this sector to provide secure ATM-based self-service kiosk systems are contributing to the development of this market. According to Retail Banking Research, 4 million ATMs will be deployed worldwide by 2021 and Asia-Pacific will expand by 46% and account for well over half of the global number.
Interactive Kiosk Market top 10 companies are Diebold Nixdorf, SLABB, NCR, Embross, Kiosk Information System, Toshiba TEC, OLEA Kiosks, Phoenix Kiosk Inc., Meridian Kiosks Inc and Kontron.
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