Self-Service Markets ATMs, Kiosks, Vending Machines

by Aadolf Smith Market Research

Self-Service Markets ATMs, Kiosks, Vending Machines

Bharat Book Bureau provides the report, on “Self-Service Markets ATMs, Kiosks, and Vending Machines”. the opportunities presented by self-service technologies to various stakeholders in the market. https://www.bharatbook.com/information-technology-market-research-reports-339092/self-service-atms-kiosks-vending-machines.html

June 18^th, 2016 Mumbai, India: Bharatbook.com announces a report on “Self-Service Markets ATMs, Kiosks, Vending Machines”. The report presents an opportunity for all stakeholders in the self-service markets to understand various growth drivers.

The global market for Self-service technologies will grow from $54.4 billion in 2016 to $83.5 billion by 2021 with a compound annual growth rate (CAGR) of 8.9% for the period of 2016-2021.

This report provides:

-An overview of the global self-service markets including ATMs, Kiosks, and vending machines.

-Analyses of global market trends, with data from 2015, 2016, and projections of CAGRs through 2021.

-Assessments of the impact of economic, technological, legal/regulatory, and other factors that will drive the future market for each of these new technologies and how they will influence other businesses.

-A look at market growth strategies based on objective, quantitative analysis of the key segments of the self–service market, the technologies that show the greatest potential, and the challenges that must be overcome for the market to realize its full potential.

-Information on the various factors and trends that affect the self–service industry from the perspective of various stakeholders, including technology vendors, component suppliers, and customers.

-Profiles of major players in the field.

INTRODUCTION

STUDY GOALS AND OBJECTIVES

The objective of this report—Self-Service Markets: ATMs, Kiosks, Vending Machines—is to discuss the changes and new developments in the self-service markets and the opportunities presented by self-service technologies to various stakeholders in the market. To indicate the growth opportunity presented by the self-service markets to various stakeholders and participants, the report forecasts market demand from 2016 through 2021 with historical data for 2015. The report presents an opportunity for all stakeholders in the self-service markets to understand various growth drivers, key trends, growing segments and technologies.

DEFINITION AND SCOPE OF STUDY

Research defines self-service technologies—ATMs, kiosks and vending machines—as self-service automated dispensing machines that enable customers to produce a service independent of direct service employee involvement.

An ATM (automated teller machine) is an electronic device that allows a customer to perform financial transactions (cash withdrawals and deposits) without the need for employee involvement. A kiosk is a freestanding computer terminal that provides access to information. Vending machines are automated self-service machines that dispense items such as snacks, beverages and cigarettes.

To calculate and segment the market, we considered self-service hardware (terminals) and services related to those. However, self-service software (e.g., operating systems and security software) that is generally not provided by self-service terminal providers is beyond the scope of this report. In addition, services that are not directly related to self-service technologies, such as education and training, and consulting services, are also beyond the scope of this report, as is hardware security such as closed circuit television (CCTV) and biometric access control.

The report begins by introducing the reader to how the market for self-service technologies has evolved over time and how digital (e.g., mobility and connectivity) is affecting the market. Building on that understanding, the study proceeds to identify the following forces driving the market:

-Primary forces with a direct impact on the self-service technology markets.

-Secondary forces that have an indirect impact.

-Key funding and financing in this space, which are particularly supportive for new entrants.

-Some key challenges that may hinder the growth of this market.

-Key trends visible in the market.

-The top industries/verticals that are key users of self-service technologies, along with some other industries that are expected to be key users in the future.

-Demand in the Americas, EMEA (Europe, the Middle East and Africa) and Asia-Pacific for self-service technology terminals.

REASONS FOR DOING THE STUDY

Research is publishing this study because it has identified self-service technologies as a growing market that presents strong growth opportunities for all stakeholders. The market is dynamic and growing with new developments and adoption from new industries and sectors.

METHODOLOGY

Firstly, analyzed spending by various key self-service technology providers and users. Global, regional and sector-specific self-service technology spending was analyzed. Further, other factors, such as the overall increase in self-service terminal adoption, were also analyzed. To arrive at the final figures, BCC Research also estimated the overall budget allocation to self-service technologies, and the forecast spending and allocation of self-service technologies by major companies around the world.

Secondly, Research created a detailed survey and collected opinions from industry and domain experts, company executives and others with strong knowledge in the space to provide a qualitative assessment of the trends in the market. Along with the qualitative data, the survey also indicated some quantitative data sets and figures.

The final values were obtained through a combination of the above methods. Compound annual growth rates (CAGRs) were calculated by assigning the appropriate weight to various markets (e.g., the growth of smart cities and connected devices) that broadly impact the self-service technology markets. Calculations were performed using the company growth that occurred in this space over the past five to 10 years, along with other factors such as growth in budget allocation to self-service technologies, growth of self-service terminals in the past and by analyzing the relationship between sectoral growth and the growth of self-service terminals in the past.

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