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
Enhanced security in the financial transaction and increasing awareness for active safety systems is expected to prompt the growth of self service technology market. Acceptance of latest technologies by self service technology provider to assure the privacy of personal information is likely to drive the global self service technology market. Biometric security services including physiological versus behavioral characteristics such as retina, fingerprint, palm veins, face recognition, voice, and typing rhythm have helped consumers to do their financial transaction securely. Rising adoption of self-service machines by consumer goods and service sector industries is expected to propel the growth of self service technologies market. The emerging trend of automation & advancement in technology in self service technology represents novel market avenues in the near future.
North America was the largest regional market for self service technology in due to the high technology adoption rate followed by Europe and APAC. The emergence of new business models is predicted to exhibit stable growth in North American self service technology market.
Europe was the second largest regional market in terms of revenue in 2015. Increasing demand for biometric security services including fingerprint recognition, and rising awareness in Europe toward secure and safety transaction is expected to fuel the growth of European market.
Asia Pacific is expected to be the fastest growing regional segment for the self service technology market within the forecast period. Rapidly rising banking sectors in India, China and Japan coupled with adoption by consumer goods and retail industry is expected to propel the growth of self service technology market in Asia Pacific.
Some of the key players involved in the global self service technology market are Crane Merchandising Systems, NCR Corporation, Kiosk Information Systems, Inc, Azkoyen S.A, Glory Ltd and Fuji Electric Retail Systems amongst other.