Self Services Technologies Market Opportunities and Forecasts, 2014 – 2020
Introduction To Self Service Technologies Market Self-Service Technology Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $31.75 billion by 2020, registering a CAGR of 13.98% during the period 2015 - 2020.The deployment of different types of vending machines and technologically advanced kiosks have revolutionized the self-service industry by rendering an improved automation experience. The self-service technology market is primarily driven by the enterprises' need to provide more convenient services to the customers, and at the same time optimizing the cost of such services. Enterprises operating in sectors such as retail, healthcare, food & beverage, and banking would be the key demand facilitators. However, stringent policies and regulations imposed by governments of different countries restrain the growth of self-service machines market. For instance, in Japan, the government has banned the use of alcohol and cigarette vending machines, by youngsters below the age of 18yrs. Similar restrictions are imposed by governments in other developed regions such as UK, and US. Read more at: https://www.alliedmarketresearch.com/self-services-technologies-market
Self Service Technologies Market - Segments The kiosks segment would exhibit the highest growth during the forecast period. Asia-Pacific and LAMEA are forecasted as lucrative markets for kiosks. With the maximum number of installations, vending machines contributed nearly 57% to the overall revenue of self-service technology market in 2014. This segment is expected to grow at a steady pace, accounting for more than 50% of the overall market revenue, throughout the forecast period (2015 - 2020). Further, within the vending machines market, the beverage vending machines that include coffee, tea, soda, cold drink and alcohol vending machines, would generate the highest revenues for this segment throughout the analysis period (2014 - 2020). ATMs have emerged as multifunctional machines in the recent years. The easy installation process and the limited space required for deploying these machines, would supplement the growth of this segment during the forecast period (2015 - 2020).
Key Findings of Self Service Technologies Market • The growth of the global self-service technologies market would be supplemented by the increasing demand for self-service machines in order to reduce manual tasks and enhance the quality of customer service • Increased adoption would be witnessed across key sectors such as retail, banking and finance, and healthcare, over the forecast period (2015 - 2020) • The vending machine segment contributed the maximum revenue share of 57%, to the overall revenue of self-service technology market in year 2014 • North America accounted for the maximum adoption of self-service technologies with 44% share in the overall global revenue • Asia-Pacific and LAMEA are forecast as the most lucrative markets in terms of growth, owing to developments in the retail and consumer goods sector and the adoption of advanced technologies
Self Service Technologies Market By Geography North America, Europe, Asia Pacific, LAMEA
Self Service Technologies Market Key Players Prominent companies profiled in the report include Kiosk Information Systems Inc. NCR Corporation HESS Cash Systems GmbH & Co. Fujitsu, Glory Ltd. AzkoyenGroup, Crane Co. (USA) Mass International Europe B.V. (Netherlands) Vend-Rite IBM Corporation.
The technological advancements such as wireless communication and remote management would also facilitate the overall market growth. In addition, the integration of biometric security services such as fingerprint recognition, which ensure secured financial transactions, would boost the market growth SwapnilShende
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