Zion Market Research

Self Service Technology Market Is Set for a Rapid Growth and Is Expected to Reach USD 37.75 Billion by 2021

Zion Market Research, the market research group announced the analysis report titled "Self Service Technology Market for ATM, Kiosk Machine and Vending Machine: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021"

 

Sarasota, FL -- (SBWIRE) -- 06/21/2017 -- Zion Market Research has published a new report titled "Self Service Technology Market For ATM, Kiosk Machine, and Vending Machine: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021." According to the report, the global self-service technology market accounted for USD 15.70 Billion in 2015 and is expected to reach USD 37.75 Billion by 2021, growing at a CAGR of around 15.8% between 2016 and 2021.

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Advances in technologies have allowed service providers to incorporate different technologies into the delivery of their services. Increasing awareness for active safety systems and enhanced security in the financial transaction are expected to contribute impulse growth to the self-service technology market. Biometric security services including fingerprint recognition, voice recognition has helped consumers to do their financial transaction securely.

ATM segment dominated the self-service technology market with over 70% share of total revenue in 2015. The emergence of biometric security service technology is expected to flourish the demand of this segment in the years to come. Kiosks segment is expected to exhibit impulse growth in the forecast period due to the emergence of digital kiosks which are more user-friendly. Increasing demand for cashless payment systems is expected to prompt the demand for vending machine segments.

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North America was the largest market for self-service technology due to the high technology adoption rate. The emergence of new business models is expected to exhibit stable growth in North American self-service technology market. Rising urbanization across countries like China and India with exponential growth in the banking sector is projected to witness considerable growth over the forecast period in Asia Pacific region.

Some of the key players involved in global self-service technology market include Crane Merchandising Systems, NCR Corporation, Kiosk Information Systems, Inc, Azkoyen S.A, Glory Ltd, and Fuji Electric Retail Systems amongst others.
This report segments of the global self-service technology market as follows:
Global Self Service Technology Market: Type Segment Analysis

ATM
Smart ATM
Cash Dispenser
Brown Label ATM
White Label ATM
Conventional ATM
Kiosk
DVD Kiosk
Ticketing Kiosk
Banking and Financial Kiosk
HR and Employment Kiosk
Photo Kiosk
Information Providing Kiosk
Others
Vending Machine
Snacks
Beverages
Specialized
Others

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Global Self Service Technology Market: Regional Segment Analysis

North America
Europe
Asia Pacific
Latin America
The Middle East and Africa

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Zion Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Market Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each Zion Market Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.

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