Request Discount
Infinium anniversary bonus, get Enterprise wide license report at the price of single user license till Q3 ends

Multi-function Kiosk Market (Component - Hardware, and Software; Types - Self-service Kiosks, Information Kiosks, Internet Kiosks, and Others; Application - Bill Payment, Grievance Management, Information Services, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : ICT00163

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on multi-function kiosk market provides in-depth analysis of segments and sub-segments in the global as well as regional multi-function kiosk market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional multi-function kiosk market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global multi-function kiosk market. According to the report, the global multi-function kiosk market is projected to grow at a CAGR of 24.5% over the forecast period of 2020-2026.


Multi-function Kiosk Market

 

Market Insight

New forms of automated service and digital technology provide numerous exciting opportunities for financial services to become more tailored and convenient. While some companies have gone for a complete technological overhaul as seen in China Construction Bank’s or Bank of America’s robot-run branches, the majority of these upgrades involve bringing in technology to supplement the human experience, rather than replace it. By far, the most efficient method is by replacing or augmenting the standard greeting desk with self-service kiosks. Through this moderately simple investment, customers are able to skip the queue and get face time with staff quickly, creating a streamlined lobby that’s more inviting to your customers.

 

Multi-function kiosks offer the added benefit of reducing labor costs and position the brand as technologically superior. It also allowing management to track and measure operations metrics across branch locations as well as providing them with the information they need to make more informed decisions and improve the experience even further. The rising demand for self-service in several security-related applications in financial sectors is majorly driving the global multi-function kiosk market. Multi-function kiosk system helps in diverse bank processes such as cheque deposit (CTS interface), cash deposit automation (single/bulk), bill payment, statement printing, grievance management, information service, application processing and tracking, and internet banking. However, the increasing use of mobile devices reducing the usage of self-service banking kiosks is hampering the market growth. Moreover, the Introduction of NFC-Based contactless payments in the banking sector in the APAC region is providing growth opportunities to the market players.  The current concern over the spread of coronavirus is expected to have a moderate impact on the multi-function kiosk market. Banks certainly have their hands full in the light of the novel coronavirus outbreak (COVID-19). As the virus continues to spread around the world, borrowers and businesses face job losses, slowed sales, and declining profits. However, the World Health Organization (WHO) has advised people to use contactless payment and avoid handling banknotes as much as possible which positively impacting the global market.

 

Among the geographies, Asia Pacific is the largest and the fastest-growing region in the multi-function kiosk market. The high adoption rate of advanced technologies and increasing digitalization are driving the growth of the multi-function kiosk market in this region. In addition, high investments from multi-function kiosk solutions, rising disposable income are some factors that contribute to the growth of the multi-function kiosk market in the Asia Pacific region. On the other side, North America is the second-largest market for multi-function kiosks as countries such as the U.S. and Canada are the front-runners of the adoption of new technology in the banking sector. These nations have a major dominance, with sustainable and well-established economies, which empower them to intensely invest in R&D activities, thereby contributing to the development of innovative technologies in the multi-function kiosk market.

 

Segment Covered

The report on the global multi-function kiosk market covers segments such as component, types, and applications. On the basis of component, the sub-markets include hardware and software. On the basis of types, the sub-markets include self-service kiosks, information kiosks, internet kiosks, and others. On the basis of application, the sub-markets include bill payment, grievance management, information services, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as AURIONPRO, Aplab Limited, KIOSK Information Systems, Albertsons International Private Limited, Cyber Kiosk Solutions, Inc., GLUCK INTERNATIONAL LLP, Forbes Technosys Ltd., Infinitas Technology Solutions Pvt. Ltd., C-Edge Technologies, and LamasaTech Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the multi-function kiosk market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount