Extensive Reliance on AI to Drive Kiosk Market Growth, Reaching US$63.1 Billion by 2032: Fact.MR Study


SEOUL, SOUTH KOREA, May 25, 2022 /EINPresswire.com/ —
the kiosk market is expected to reach US$63.1 billion by the end of the forecast period 2022-2032, growing at a CAGR of 9.8%, concludes a report recently published by Fact.MR. As of 2022, the market is poised to grow to US$24.7 billion, representing a dollar opportunity worth US$38.5 billion over the next decade. A significant increase in the implementation of AI in the kiosk market has pushed sales to new heights.

Demand has increased significantly from 2015 to 2021, registering a growth rate of 10.4%. Due to their reliability and flexibility, kiosks are seeing significant adoption across major industries. The outlook has further heightened during the COVID-19 pandemic, as consumers have increasingly relied on contactless purchases of various products and services.

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Key Takeaways from the Beverage Kiosk Market Research

Global Kiosk Market Expected to Grow 5x from 2022 to 2032
S will become the dominant kiosk market, reaching US$17.2 billion by 2032
China will be the fastest growing market, registering a CAGR of 4.9% over the decade
India, UK and Japan are likely to generate dollar opportunities worth $1.5 billion, $2.3 billion and $2.0 billion respectively.
By type, vending kiosks to record peak deployment, growing at a CAGR of 10.1%

“As technological advances in communications, education, retail, travel and tourism, banking and food around the world, this growing need is driving the Newsstand Market Growth in recent years,” remarks a Fact.MR analyst.

Competitive landscape

The major manufacturers in Kiosks Market consider technological innovations in order to provide the most accurate and accurate communication system arrangements to their clients. While there is a significant increase in the implementation of AI in the kiosk market, companies are entering into collaborative agreements with government entities to strengthen their presence in major geographies. Also, vendors are likely to leverage product upgrading and differentiation to gain an edge over other competitors in the market.

In April 2022, MiRO, a renowned cloud-based collaboration tool for SMBs, announced its partnership with SNOM, a leading IP phone manufacturer, to offer a complete end-to-end Voice over IP (VOIP) solution. end-to-end with the powerful, flexible, and versatile communication experience.
March 31, 2020– Cisco announced that NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION (NTT EAST) has selected Cisco SD-WAN powered by Viptela for its new managed SD-WAN services as part of NTT EAST’s VPN services portfolio for businesses. These new services will help enterprises solve network problems caused by the growth of mobile workers, the shortage of IT resources and the increase in network management costs.

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More valuable information

Fact.MR, in its new offering, presents an unbiased analysis of the global IP telephony market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period 2022-2032.

The study reveals essential insights on the basis of type (vending machine, self-service kiosk, ATM, locker kiosk, charging kiosk, other) by end use (retailer, transport operator, banks, advertiser, station- service, shopping complex, government) and in five major regions (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America).

Fact.MR domain knowledge in technology

Our team of ICT consultants guides organizations through every step of their business strategy by helping you understand how the latest influencers explain the operational and strategic transformation of the ICT sector. Our expertise in recognizing challenges and trends impacting the global ICT industry provides much-needed insight and support – encompassing a strategic perspective that helps you identify critical issues and design appropriate solutions.

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Key Segments Covered in the Kiosk Market Research

Kiosk Market by Type:

Sales kiosks
Beverage kiosks
Food Vending Kiosks
Photo printing kiosks
DVD rental kiosks
Self-service kiosks
Information booths
Ticketing kiosks
Interactive patient kiosks
Check-in terminals
Job kiosks
Bill payment kiosks
ATM kiosks (automated teller machine)
Locker kiosks
Charging stations
Other types of kiosks (Web Payphone, Gaming)

Kiosk Market by End Use:

Kiosks for retailers
Transportation Kiosk Operator (Airport/Railway/Bus)
Kiosks for banks
Kiosks for advertisers
Service station kiosks
Kiosks for commercial complexes (education, hospital, etc.)
Government Kiosks
Newsstand market by region:
North America kiosk market
European kiosk market
Asia-Pacific Kiosk Market
Middle East and Africa Kiosk Market
Latin America Kiosk Market

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