USD 2.97 Billion Growth in Self-service Kiosk Market Size

According to the recent market study by Technavio, the Self-service Kiosk Market Share in Technology Hardware, Storage & Peripherals Industry is expected to increase by USD 2.97 billion from 2020 to 2025, with an accelerated CAGR of 6%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

North America will register the highest growth rate of 41% among the other regions. US and Canada are the key markets for self-service kiosk. Moreover, market growth in North America will be faster than the growth of the market in other regions.

One of the key factors driving growth in the self-service kiosk market is the increasing adoption of contactless payment. Contactless payment is a payment method through which customers can purchase products via credit cards, debit cards, or NFC-enabled devices such as smartphones and smartwatches. Contactless payment provides customers with a fast, convenient, and secure way to complete transactions. It also helps merchants improve the in-store payment experience by reducing the time taken to make payments and, eventually, the waiting time. The rise in the use of contactless payments, contactless cards, and mobile payments is expected to drive the demand for self-service kiosks.