News

Interactive kiosk market to grow 9.2 percent by 2020

May 19, 2016

The kiosk market is expected to grow at a compound annual growth rate of 9.2 percent between 2015 and 2020 and will be worth $73.35 billion by 2020, according to a report by Report Buyer.

According to the report, demand for interactive kiosks is rising due to a decreases in price of these kiosks and their their ability to drive deeper customer engagement. 

Health care kiosks segment is expected to the most growth due to demand for pharmaceutical kiosks, diagnostic and hospital management kiosks, according to the report.

The report says that North America will experience the highest growth in the industry due to a variety of factors including:

• demand for enhanced services;
• demand for time saving devices;
• a high standard of living; and
• demand for efficient retail services.

The report examines a variety of businesses involved in the market, and looks at key market trends and drivers. The report also uses value chain analysis and the Porter's Five Forces framework to examine the kiosk market.