Increasing Disposable Income in Developing Economies to Fuel Growth of Global Kiosks Market

Published Date : Apr 20, 2016

Kiosk refers to a small physical structure that comprises a computer and a display screen. The basic model of kiosks display information for people who are walking by. The growing technology and hectic lifestyle is the major factor boosting the adoption of kiosks across the globe. The global kiosks market provides several opportunities for consumers and businesses to buy and sell products and services easily. The use of kiosks has provided significant convenience to consumers from daily tasks such as picking breakfast to pay off bills.

On the basis of application, the global market for kiosks can be classified into:

  • Ticketing Kiosks: To book tickets at movie theatres, train stations, bus stations, and parking lot 
  • Banking Kiosks and ATMs: It allows different banking transactions at convenient locations 
  • Check-in and Food-ordering Kiosks: Used widely in restaurants and hotels 
  • Self-checkout Kiosks: Used in hypermarkets, supermarkets, and retail outlets to pay and buy things 
  • Postal Kiosks: It allows the customers to perform mailing transactions without the aid of postal workers
  • Information Kiosks: Provides information to people passing by
  • DVD Rental Kiosks: It allows to rent DVDs 

The increasing disposable income in developing economies is one of the major factors that is estimated to segment the growth of the market in the next few years. In addition, the concept of smart cities and technological advancements in these countries is further anticipated to boost the demand for kiosks in the near future. In addition, several operators are preferring kiosks over the traditional brick-and-mortar stores, owing to its low overhead costs and initial investment required.

The growing adoption of kiosks in diverse industries and application have attracted several players to participate in the global market for kiosks in the next few years. Some of the major players operating in the market are Glory Ltd., Westomatic, Maas International, Coin Acceptors, Inc., Crane Merchandising Systems, Vend-Rite, and Fuji Electric Retail Systems. Many other players are estimated to join the market in the coming years and create a niche for themselves. These players are taking constant efforts to introduce user-friendly kiosks to attract more consumers and carry out all the functions at ease.