In an age of hectic
lifestyles and computerized communication and transactions, the KIOSK
MARKET presents an opportunity for businesses and consumers
alike to sell and buy products as well as services at ease.
Automating day-to-day tasks - right from picking up breakfast to
paying bills - has been rendered convenient owing to the presence of
kiosks.
A kiosk is defined
as a compact standalone structure utilized as a hub for purchasing.
It can even be just a display screen or a computer that is utilized
for disseminating information to purchasers or for carrying out some
activity based on the user’s input. Kiosks are usually seen in
malls and various other high-traffic areas. Due to the hectic
lifestyles of most consumers these days and prevalence of automated
transactions and communications, the global kiosks market displays an
opportunity for both consumers and businesses to buy and sell
services and products without any difficulty. Daily tasks as simple
as breakfast pickup to collecting movie tickets to otherwise
time-consuming tasks such as payment of bills have become a lot more
convenient because of the availability of kiosks at various
locations.
Real estate prices
have soared exponentially in the past few years and other operational
costs involved in making standalone stores have also increased
tremendously. Hence, the usage of kiosks has been on the rise. Kiosks
are of many types, such as ticketing kiosks present at train or bus
stations, movie theaters, and parking lots, food-ordering and
check-in kiosks at restaurants and hotels, ATM and banking kiosks
allowing transactions at nearby locations, retail outlets and
hypermarkets, easy payment kiosks at supermarkets, DVD rental kiosks,
information kiosks, and postal kiosks for carrying out mailing
transactions, among others.
Get FREE Sample
PDF file of KIOSK Market :
There are number of
benefits associated with the usage of kiosks. One of the key benefits
is that kiosks present convenient spots for the establishment of a
business at the center of a city at any given time and can be moved
around as per the success or downfall of the venture. In addition,
kiosks have been utilized by operators in place of conventional
mortar and brick stores owing to their reduced overhead and initial
investment costs. The performance of a kiosk is highly dependent on
impulse purchases done by customers around a strategically located
kiosk. Economic development in a number of countries has raised
disposable incomes and thereby has increased the customers’
purchasing capacity. This has positively impacted the number of
impulse purchases and the total out-of-home expenditure. These
factors are poised to fuel the kiosk market in the coming years.
There are some
factors that may impede the growth of the kiosk market in the near
future. The stringent regulations posed by governments across the
world may have a negative impact on the global kiosk market.
Furthermore, there is an absence of interactive transactions in
kiosks and therefore it lacks in providing a customized solution for
each customer. In addition, the sales volume associated with kiosks
is limited in comparison with other kinds of business outlets. These
factors may restrain the growth of the kiosk market in the
forthcoming years.
Some of the major
players featured and profiled in the research report are
Vend-Rite located in the U.S., Maas International with its head
office in the Netherlands, Glory Ltd., headquartered in Hyogo,
Japan, Coin Acceptors, Inc. based in Missouri, U.S., Westomatic,
located in the U.K., Crane Merchandising Systems located in the U.S.,
and Fuji Electric Retail Systems with a head office at Tokyo, Japan.
About
Us :
Transparency Market Research is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
Our experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather,
and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
No comments:
Post a Comment