With the growing demand for intelligent vending machines, technological advancements, and ever-expanding small and medium enterprise, the self-service market is expected to grow. However, high cost of investment may offer some resistance to its growth.
Automated Teller Machine (ATM)
Growing inclination towards the adoption of ATMs in banking sectors and other industries is one of the primary factors driving the growth of the self-service market. With increasing population and growing adoption of banking services among the public, the demand for ATMs is growing at a rapid pace.
Moreover, huge investments to provide reliable ATMs and kiosk systems are helping the growth of this market. Kiosk systems are presumed to be largely influencing the consumer perspective by providing easy, innovative, and better customer service.
Enhanced Customer Buying Experience and Improved Customer Service
Many industries in emerging economies are struggling to attract customers and hold the existing consumers for the product or service. The retail market is one of the major industries facing challenges to meet consumer requirements. Moreover, users in the Asia-Pacific and Latin American countries are price sensitive. Thus, it is of utmost importance for companies to provide quality customer services and enhance user experience. Users in these economies prefer stores that not only provide an easy and hassle-free shopping experience, but also offer better quality. Thus, various industries are investing in kiosks as they offer easy access to information about availability of the products. Several retail stores are increasingly employing self-check of kiosks and POS systems, which enable a faster shopping experience. Kiosks help retail stores retain their customers by not only providing customer delight to customers but also eliminating the need for labor.
Key Developments in the Market
- March 2018 - NCR Corporation launched NCR SelfServ 80 Series, a new family of ATM solutions that will help financial institutions redefine the banking experience and change the way consumers interact with the ATM forever. Through a unique combination of
- September 2017 - Glory and Acrelec introduced self-ordering kiosk accepting cash and credit for Foodservice at FSTEC.
Reasons to Purchase the Report
- Impact of the growing consumer electronics industry.
- Analyzing various perspectives of the market, with the help of Porter’s five forces analysis.
- Growth of various trade types, such as captive and merchant.
- Regional analysis of the market studied.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst supports along with the Market Estimate sheet (in excel).
This report can be customized to meet your requirements.
1.1 Scope of the Study
1.2 Executive Summary
2. Research Approach and Methodology
2.1 Key Deliverables of the Study
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. Market Insights
3.1 Market Overview
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitutes
3.2.5 Intensity of Competitive Rivalry
4. Market Dynamics
4.1 Market Drivers
4.1.1 Growing Demand for Intelligent Vending Machines
4.1.2 Expanding Market in Small and Medium Enterprises
4.1.3 Enhanced Customer Buying Experience and Improved Customer Service
4.1.4 Technological Advancements
4.2 Market Restraints
4.2.1 Data Security Concern
4.2.2 High Investment Costs
5. Global Self Service Market Segmentation
5.1 By Type
5.1.1 Self-service Terminals
22.214.171.124 Automated Teller Machine (ATM)
126.96.36.199.1 Conventional ATM
188.8.131.52.2 White Label ATM
184.108.40.206.3 Brown Label ATM
220.127.116.11.4 Smart ATM
18.104.22.168.5 Cash Dispenser
22.214.171.124.1 Photo Kiosk
126.96.36.199.2 Ticketing kiosk
188.8.131.52.3 DVD Kiosk
184.108.40.206.4 HR and Employment Kiosk
220.127.116.11.5 Patient Self-Service Kiosk
18.104.22.168.6 Information Providing Kiosk
22.214.171.124.7 Banking and Financial Kiosk
126.96.36.199 Vending Machines
188.8.131.52.1 Beverage Vending Machine
184.108.40.206.2 Candy Vending Machine
220.127.116.11.3 Snack Vending Machine
18.104.22.168.4 Gumball Vending Machine
22.214.171.124.5 Cigarette Vending Machine
126.96.36.199.6 Specialized Vending Machine
5.2 By End-user Industry
5.2.5 IT & Telecom
5.2.6 Transportation & Logistics
5.2.7 Media & Entertainment
5.2.8 Energy & Utilities
5.3 By Region
5.3.1 North America
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.3.4 Latin America
18.104.22.168 Rest of Latin America
5.3.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 Rest of Middle East & Africa
6. Competitive Intelligence - Company Profiles
6.1 KIOSK Information Systems Inc.
6.2 NCR Corporation
6.3 HESS Cash systems GmbH & Co
6.4 Crane Co. (USA)
6.5 Glory Ltd
6.6 Azkoyen Group
6.9 Maas International Europe B.V.
6.10 IBM Corporation
*List is Not Exhaustive
7. Investment Analysis
8. Outlook of Self Service Market