Vending Kiosks Sales within Interactive Kiosk Market to Grow by 1.8x, According to Fact.MR
The global interactive kiosk market size is expected to be valued at 27.4B in 2021, according to a new report by Fact.MR, a market research and consulting agency with expertise in emerging market intelligence. The report also says that with sales increasing at 5.3% CAGR, the total interactive kiosk market size is projected to top $48.5B by 2031.
Interactive kiosks offer smooth performance and reduce the operational time of self-service machines as compared to manual services. Growing demand for automated systems across end-use sectors such as BSFI (Banking, Securities, Finance, and Insurance), retail, and healthcare is expected to augment the growth of the market in the forthcoming years.
In response to this, manufacturers are launching interactive kiosks with innovative technology features such as self-checkout, swift payment gateways, voice recognition, and others to improve sales. Such developments will continue giving tailwinds to interactive kiosk sales over the assessment period.
As per Fact.MR, demand for interactive kiosks is expected to remain high in the U.S. Rising adoption of interactive kiosks in retail, healthcare, finance, and travel sectors is expected to fuel the growth of the market in the forthcoming years.
“Growing investments in digital signage by small- and medium-scale enterprises is anticipated to push sales of interactive kiosks. Besides this, demand for protective equipment testing kiosks and mobile testing kiosks driven by COVID-19 is expected to fuel growth of the market through 2031,” said a Fact.MR analyst.
Based on product type, vending kiosks are expected to account for 42% of the total interactive kiosks market share over the forecast period. Sales of interactive kiosks are expected to be valued at $9.2B in the U.S. and $1.8B in the U.K. by 2031. Technological advancements such as GPS-based interactive kiosks and tele-kiosks are expected to drive sales, and increasing adoption of cloud services to facilitate remote monitoring of interactive kiosks is anticipated to complement growth of the market.
To read more insights into the interactive kiosk market demand outlook, visit https://www.factmr.com/connectus/sample?flag=AE&rep_id=7070.