The demand for self-service machines and automated devices, wireless communication, technology advancements, and remote management are some of the notable factors driving the self-service technology market. An increase in security threats, such as card skimming and information hacking, is one of the major restraining factors for the market growth.
Technological advancements such as wireless communication and remote management would also facilitate the overall market growth. In addition, the integration of biometric security services such as fingerprint recognition, which ensure secured financial transactions, would boost self-service technology market growth.
The demand for self-service machines and automated devices, wireless communication, remote management, and technology advancements, largely impact the self-service technology market. The ongoing trend reflects a broader adoption of self-service technology products and their installations in public places. The challenge for manufacturers is to provide these self-service machines at an effective cost. In addition to the challenges posed by different government regulations, surviving in a competitive market is a major challenge for companies operating in the self-service technology market.
The global market is expected to garner $31.75 billion by 2020, registering a CAGR of 13.98% during the period 2015 – 2020.
Download Sample Report (Get Full Insights in PDF – 137 Pages) at:
https://www.alliedmarketresearch.com/request-sample/138
Profiling Key Players: Kiosk Information Systems Inc., NCR Corporation, HESS Cash Systems GmbH & Co., Fujitsu, Glory Ltd., Azkoyen Group, Crane Co. (USA), Mass International Europe B.V. (Netherlands), Vend-Rite and IBM Corporation.
However, stringent policies and regulations imposed by governments of different countries restrain the growth of the self-service machines market. For instance, in Japan, the government has banned the use of alcohol and cigarette vending machines, by youngsters below the age of 18yrs. Similar restrictions are imposed by governments in other developed regions such as UK, and US.
The kiosks segment would exhibit the highest growth during the forecast period. Asia-Pacific and LAMEA are forecasted as lucrative markets for kiosks. With the maximum number of installations, vending machines contributed nearly 57% to the overall revenue of the self-service technology market in 2014. This segment is expected to grow at a steady pace, accounting for more than 50% of the overall market revenue, throughout the forecast period (2015 – 2020). Further, within the vending machines market, the beverage vending machines that include coffee, tea, soda, cold drink, and alcohol vending machines, would generate the highest revenues for this segment throughout the analysis period (2014 – 2020). ATMs have emerged as multifunctional machines in recent years. The easy installation process and the limited space required for deploying these machines would supplement the growth of this segment during the forecast period (2015 – 2020).
For Purchase Enquiry:https://www.alliedmarketresearch.com/purchase-enquiry/138
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.