Self-service Technology Market is Anticipated to Record the Rapid Growth Of $46.03 Billion By 2027 “The global self-service technology market size is anticipated to account for USD 46.03 billion by 2027, growing with 6.7% CAGR over the forecast duration, as per a new study by Million Insights. The growth if the market is attributed to the several benefits offered by the self-service technologies to both consumers and businesses.”
The Global Self-service Technology Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Self-service Technology Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide. Self-service Technology Market Research Methodology overview consists of primary and secondary research, company share analysis, model (including Demographic data, Macroeconomic indicators, and Industry indicators i.e. Expenditure, infrastructure, sector growth, and facilities, etc), Research Limitations, and Revenue Based Modelling. Comprehensive analysis of Self-service Technology Market based on current & future analysis depending on historic data also featured in this Report. The global self-service technology market size is anticipated to account for USD 46.03 billion by 2027, growing with 6.7% CAGR over the forecast duration, as per a new study by Million Insights. The growth if the market is attributed to the several benefits offered by the self-service technologies to both consumers and businesses. Growing adoption of this technology by organizations is driven by the increasing focus on enhancing the consumer experience. Several sectors such as hospitality, financial services, airports and others are increasing deploying self-service technology.
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Financial service providers are one of the major adopters of this technology as it eases the burden on their employees along with improving the customer services. Increasing demand for the paper-based transaction has propelled the use of ATMs. Although, the increasing digital payment has significantly reduced the demand for cash, yet cash remained the major source of purchasing. The growth Europe cash transaction was positive as reported by the World Cash Report. Growth in digitalization in the retail industry has supplemented the growth of the market in the past few years. Changing customer preferences have resulted in the advent of advanced self-service technologies. The technology provides various benefits in retail including reducing the waiting time for customers, thereby, enhancing the customers' satisfaction. Emerging countries such as China and India are witnessing a rapid rise in the number of retail stores, which, in turn, is projected to augment the market growth.
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Further key findings from the report suggest: • In 2019, the ATM category held the largest share in the self-service technology market. Further, it is predicted that the segment would reach USD 22.1 billion in 2027. • Based on the product, the vending machine is anticipated to witness the highest CAGR from 2020 to 2027. • By 2027, the retail division is likely to hold more than 30% share. • Owing to the increasing demand for vending machine, self-kiosk and ATMs, Asia Pacific led the market in 2019. Further, the region is expected to continue its domination over the forecast duration. Million Insights segmented the global self-service technology market on the basis of product, application, and region: Self-service Technology Product Outlook (Revenue, USD Billion, 2016 - 2027) • ATM
• Kiosks • Vending Machines Self-service Technology Application Outlook (Revenue, USD Billion, 2016 - 2027) • Retail • QSR • Banking • Travel & Tourism • Healthcare • Others (Hospitality, Education, Government, etc.)
Self-service Technology Regional Outlook (Revenue, USD Million, 2016 - 2027) • North America • U.S. • Canada • Europe • U.K. • Germany • Asia Pacific • China • India • Japan • Latin America • Brazil • Mexico • MEA List of Key Players of Self-service Technology Market • AZKOYEN, S.A. • HYOSUNG TNS • KIOSK Information Systems.
• HESS Cash Systems GmbH • Crane Co. • Toshiba Tec Corporation. Table of Contents:Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Self-service Technology: Market Variables, Trends & Scope Chapter 4 Self-service Technology: Product Estimates & Trend Analysis Chapter 5 Self-service Technology: Application Estimates & Trend Analysis Chapter 6 Self-service Technology: End-use Estimates & Trend Analysis Chapter 7 Self-service Technology: Industrial End-use Estimates & Trend Analysis Chapter 8 Self-service Technology: Regional Estimates & Trend Analysis Chapter 9 Competitive Landscape Chapter 10 Self-service Technology: Manufacturers Company Profiles
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