Kiosk Market: Growth of Organized Retail Sector in Developing Countries to Fuel Market

Industry Insights

Global Kiosk (Self-service/ Interactive Kiosk) Market: Overview

According to a new market report pertaining to the global kiosk market published by Transparency Market Research, the global kiosk (self-service/ interactive kiosk) market is projected to reach a value of ~US$ 2.4 Bn by 2027. The market is projected to expand at a CAGR of ~10% from 2019 to 2027. Growth of the market can be attributed to the increasing need to enhance customer experience, and the growth of organized retail sectors in developing countries. Over the forecast period, the kiosk (self-service/ interactive kiosk) market in Europe is anticipated to grow rapidly at a CAGR of ~11%. Moreover, in terms of share, the global kiosk (self-service/ interactive kiosk) market is dominated by North America, followed by Europe. In the kiosk (self-service/ interactive kiosk) market, the retail segment is projected to be valued at ~US$ 535 Mn in 2019, and is expected to reach ~US$ 1.1 Bn by 2027, expanding at a CAGR of ~10% during the forecast period.

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One of the most important factors fueling market is the growth of the retail sector in developing countries such as India and China, which are witnessing improvement in standards of living. Increasing disposable income of citizens has resulted in urbanization, particularly in India, Bangladesh, Indonesia, and Thailand, among others. These developing countries are prominent in the retail world, and global retailers are focusing on entering these kiosk (self-service/ interactive kiosk) markets. This factor is expected to result in the increased demand for kiosks in developing countries.

kiosk market infographic

Kiosk (Self-service/ Interactive Kiosk) Market: Regional Outlook

In terms of region, the global kiosk (self-service/ interactive kiosk) market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the kiosk (self-service/ interactive kiosk) market during the forecast period. Europe and Asia Pacific are expected to see increasing growth in the kiosk (self-service/ interactive kiosk) market. The kiosk (self-service/ interactive kiosk) markets in North America and South America are also expected to expand rapidly during the forecast period.

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Edward Turner

Edward has his fingers firmly placed on the pulse of the business world. He has a keen eye for any new development that could rock our world. He is adept at strategizing to boost web traffic and generate new leads. He is also an expert in Google Analytics, something which he feels could go a long way in getting sites more traction by providing necessary insights.

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