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Global interactive kiosk market: 15% CAGR growth expected between 2012-2016
Global Interactive Kiosk Market 2012-2016 - a new market research report on 2014-04-22 04:55:01
The Global Interactive Kiosk market is to grow at a CAGR of 14.81 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the adoption of interactive kiosk. The Global Interactive Kiosk market has also been witnessing the use of tablets as a medium of interaction. However, rapid technological obsolescence could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Interactive Kiosks market is the increasing usage of tablets as a medium of interaction. In recent years, the big interactive kiosk machines are fast being replaced by sleek and handy tablet computers. During the forecast period, there is expected to be a major shift in the use of tablets as a medium of interaction. The use of tablets will help reduce the cost involved and portability issues related to interactive kiosks. Interactive kiosks have already been in use by various hotels and restaurants where customers can check-in, place orders, and provide feedback. This will considerably reduce the adoption of interactive kiosks by various industries. Moreover, customized software can be used in tablets for use by the end-users.
One of the main factors driving the market is adoption of interactive kiosks as a medium of service. Interactive kiosks are an integral part of retail outlets, airports, and theaters, and function as a self-service tool. Interactive kiosks are used for various applications such as patient registration in hospitals, ticket issuance at movie theaters, and for ticket reservation.
One of the main challenges is the rapid technological advancements. The obsolensce of technology is one of the major challenges faced by vendors in the Global Interactive Kiosks market. With the rapidly evolving technology, interactive kiosk manufacturers are facing a challenge to constantly update themselves with new technologies, since the latest technology gets outdated every six months.
The key vendors dominating this space include Diebold Inc., International Business Machine Corp., KIOSK Information Systems Inc., and NCR Corp.
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