Self Service Technology Market To Report Phenomenal Growth, Revenue To Soar To US$ 37.75 Billion By 2021

05-Sep-2018 | Zion Market Research

With the presence of a large pool of participants, the global self service technology market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Fuji Electric Retail Systems, Kiosk Information Systems Inc., Crane Merchandising Systems, and Azkoyen S.A. are some of the key vendors of self service technologies across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the self service technology market study.

Reportedly, Domodedovo, an airport in Russian capital of Moscow, deployed SITA’s self-service gates for handling the growing number of passengers during the current FIFA World Cup 2018. The automated gates, which made use of self service technology, assisted the airport in its checking process of over 1.2 million travelers during the month.  For the record, Domodedovo was the first airport in the country to introduce passenger flow management system based on smart validation & automated gates technology facilitating secured passenger access control.

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This review is based on a report by Zion Market Research, titled "Self Service Technology Market for ATM, Kiosk Machine, and Vending Machine: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021"- Report at http://www.zionmarketresearch.com/report/self-service-technology-market

As estimated in this report, the global self service technology market stood at US$ 15.70 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this self service technology market is expected to reach US$ 37.75 billion by the end of the forecast period. The key products available in this self service technology market are ATMs, Kiosks, and Vending Machines. Among the three, the ATM demand is relatively higher and the trend is expected to remain so over the coming years, notes the self service technology market research report.

Global Self Service Technology Market

High Product Demand In Consumer Goods & Services Sector To Boost Growth

“Enhanced awareness about active safety systems and need for improving security in online banking transactions will lucratively contribute towards self service technology market size,” says the author of this self service technology market study. Apart from this, large-scale use of self-service machines and mechanized equipment across myriad sectors will steer the growth of self service technology market over the span of next few years. For instance, biometric security machines using fingerprint & voice recognition techniques have assisted customers to carry out more secured fiscal transactions. Furthermore, rapid penetration of self-service machines in consumer goods & services sector will further impel the self service technology market growth in the near future.

Cyber attacks and hacking of personal information along with other security threats, however, is likely  to impede the self service technology market growth over the forthcoming years.

Rising Use Of Self Service Technology To Support The Regional Dominance

Regionally, North America has been leading the worldwide self service technology market and is anticipated to continue on the dominant position in the years to come, states the self service technology market study. The regional growth can be attributed to high acceptance of self serving technologies across the region.

The global self service technology market is segmented as follows:

By Type

  • ATM
    • Smart ATM
    • Cash Dispenser
    • Brown Label ATM
    • White Label ATM
    • Conventional ATM
  •  Kiosk 
    • DVD Kiosk
    • Ticketing Kiosk
    • Banking and Financial Kiosk
    • HR and Employment Kiosk
    • Photo Kiosk
    • Information Providing Kiosk 
    • Others
  •  Vending Machine
    • Snacks
    • Beverages
    • Specialized 
    • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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