Source prnewswire
Interactive kiosk market to grow by USD 11.5 billion from 2022 to 2027 | Growing demand for tablet kiosks will challenge market growth – Technavio
In the next few years, the interactive kiosk market size is expected to grow by USD 11 billion.There will be an increase of $5 billion between 2022 and 2027. It is expected that the growth momentum of the market will accelerate at a CAGR of 7% over the next five years.The forecasted growth rate for the forecast period will be 94%. The growth of the market will be challenged by factors such as the growing demand for tablet kiosks. Several restaurants have implemented tablet kiosks, which make it possible for customers to place orders, pay for their orders, and provide feedback to the restaurant. The use of tablet kiosks streamlines operational processes and improves efficiency within an organization. For instance, Tabletop Media LLC partnered with Cerca Trova Restaurant Concepts LLC in August of this year to provide tabletop tablets to 45 additional restaurants in the Cerca Trova restaurant group.. Customers can order and pay using their digital wallets through these tablets. As new products are introduced to the market, the demand for tablet kiosks will increase, which will hinder the growth of the global interactive kiosk market during the forecast period as a result of new products being introduced to the market. Please download our sample report to get more insights into the historical market size (2017 to 2021) and the forecast market size (2023 to 2027). Please download our sample report to get more insights into the historical market size (2017 to 2021) and the forecast market size (2023 to 2027). A key driver of the market An important driver of the marketIncreasing demand for smart parking is driving the growth of the interactive kiosk market in the near future. Due to rapid urbanization and an increasing disposable income, there has been an increase in the number of vehicles in recent years, which has increased the demand for smart parking solutions.. There are several technologies used in smart parking in order to ensure that vehicles are parked quickly, easily, and efficiently. It is possible for customers to process their payments or parking fees through interactive kiosks. Therefore, it is estimated that with the increasing implementation of smart parking solutions, the use of self-service kiosks will increase, which will drive the growth of the global market, as a result.. Here are a few companies that have been mentioned along with their offeringsSegmentation of the marketInteractive kiosks are segmented according to the end user (retail, financial services, travel and tourism, healthcare, and others), their components (services, hardware, and software), and their geography (North America, APAC, Europe, Middle East and Africa, and South America). During the forecast period, North America is expected to account for 42% of the market's growth. The US and Canada are the main countries that will contribute to the growth of the interactive kiosk market in North America.What are the benefits of buying?Is there anything new for 2023?Reports related to this topic include:It is projected that the airport kiosk market will decline at a CAGR of 7.46% between 2022 and 2027, with the market size expected to increase by USD 962.47 million between 2022 and 2027.It is predicted that the self-service kiosk market will grow at a CAGR of 12.61% between 2022 and 2027. According to the forecast, the market size will grow by USD 8,262.72 million between 2022 and 2027.Become a subscriber to Technavio's SUBSCRIPTION platform to gain instant access to 17,000+ market research reports.Contents of the table of contentsSeveral elements of the report are outlined below: Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation by End-User7 Market Segmentation by Component8 Customer Landscape9 Geographic Landscape10 Drivers, Challenges, and Trends11 Company Landscape12 Company Analysis13 AppendixWe are here to help youAs an international technology research and advisory company, Technavio specializes in global technology. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.As a result of the work of more than 500 specialized analysts, Technavio's report library consists of more than 17,000 reports in total, covering a variety of 800 technologies in 50 countries. In addition to more than 100 Fortune 500 companies, their client base is comprised of enterprises of all sizes. There is a growing client base that relies on Technavio's comprehensive market coverage, extensive research, and actionable market insights to identify opportunities within existing and potential markets, and assess their competitive positions as they respond to changing market conditions. There is a growing client base that relies on Technavio's comprehensive market coverage, extensive research, and actionable market insights to identify opportunities within existing and potential markets, and assess their competitive positions as they respond to changing market conditions.The contact person for Technavio Research is Jesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/The source of this information is TechnavioThis report by Technavio provides a detailed analysis of the global hearing aid market by product, end-user, and geography - forecast and analysis 2023-2027. Market growth is expected to be strong ...It is predicted that the smart manufacturing market is expected to grow by USD 20.26 billion between 2022 and 2027, according to Technavio. The smart manufacturing market is...Get PRN's top stories and curated news delivered to your inbox every week by signing up here!
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