Europe Self-Service Kiosks Market
The self-service kiosks offer several benefits to service providers such as optimization of the overall cost of businesses by reducing the infrastructure set-up and labor cost. The self-service technologies permit the user to manage a various service independently, without the participation of any representatives. It offers a higher level of customer satisfaction by offering control over their purchase decisions. Thus, the major factors have led to the widespread adoption of self-service interactive kiosk in the urban areas. Furthermore, to boost the urban living, self-service kiosks offers several valuable services, such as advertising, live transit feeds, free unlimited Wi-Fi access, and emergency notifications to users. The rising adoption of Internet of Things (IoT) and other smart connected devices are further adding value to consumers experience. The smart kiosks are integrated with the world-class technologies such as machine-to-machine communication, cloud, and IoT. Therefore, by leveraging these advanced technologies/ platforms, the self-service kiosks offer cost-effective access to information. Also, self-service kiosks getting highly accepted due to COVID-19 is further anticipated to drive the Europe self-service kiosks market.
Europe is severely impacted by the COVID-19 pandemic. Europe has witnessed a varying pandemic impact across its economically diverse countries that led to shutting down of businesses and manufacturing operations for a few months in 2020. All major retail stores (except stores that were offering essentials), restaurants, and hotels had withdrawn their services for at least 5 months in all the major European economies. Many small retailers who were planning to implement kiosks system in the beginning of 2020 have postponed their kiosks implementation process. However, with slow recovery from COVID-19 cases in the beginning of 2021, many retail stores in countries such as the UK and Germany have started rebounding in terms of sales. The footfall in malls and restaurants in 2021 is slowly reaching the pre-lockdown situation, thereby helping the Europe self-service kiosks market to recover.
Strategic insights for the Europe Self-Service Kiosks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2,600.95 Million |
| Market Size by 2027 | US$ 4,799.19 Million |
| Global CAGR (2020 - 2027) | 8.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Self-Service Kiosks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The self-service kiosks market in Europe is expected to grow from US$ 2,600.95 million in 2019 to US$ 4,799.19 million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. Payment gateways are broadly used for cashless transactions. They transfer the data related to a transaction between the bank and the billing portal. Payment gateway systems permit online retail platforms to collect cash via a bank chosen by the consumer without compromising sensitive data. They are becoming increasingly popular and flexible to buy products and promote smooth delivery at consumer’s place. Growing number of smart devices in the Europe market gives rise to payment gateway systems, which are widely adopted by consumers across the world. Online payment system providers are collaborating with several self-service kiosk companies to provide secure and reliable solutions and services to customers.
In terms of component, hardware segment accounted for the largest share of the Europe self-service kiosks market in 2019. Based on type, information segment accounted for the largest share of the Europe self-service kiosks market in 2019. Further, retail segment held a substantial share of the Europe self-service kiosks market based on application in 2019.
A few major primary and secondary sources referred to for preparing this report on the self-service kiosks market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Acrelec SAS; Diebold Nixdorf, Inc.; Embross; Gemalto NV (part of Thales Group); NCR Corporation; Posiflex Technology Inc; and VeriFone, Inc.
The Europe Self-Service Kiosks Market is valued at US$ 2,600.95 Million in 2019, it is projected to reach US$ 4,799.19 Million by 2027.
As per our report Europe Self-Service Kiosks Market, the market size is valued at US$ 2,600.95 Million in 2019, projecting it to reach US$ 4,799.19 Million by 2027. This translates to a CAGR of approximately 8.2% during the forecast period.
The Europe Self-Service Kiosks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Self-Service Kiosks Market report:
The Europe Self-Service Kiosks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Self-Service Kiosks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Self-Service Kiosks Market value chain can benefit from the information contained in a comprehensive market report.
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