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Self-service tech market to grow 15.6% a year from 2016 to 2022

The global self-service technology is expected to grow at a compound-annual-growth-rate of 15.6 percent from 2016 to 2022, with ATMs holding the largest market share.

February 19, 2016

The global self-service technology is expected to grow at a compound-annual-growth-rate of 15.6 percent from 2016 to 2022, according to a report by P&S Market Research. The self-service technology market is made up of kiosks, ATMs and vending machines.

In 2015, the ATM was the biggest revenue generator in the market and is expected to maintain its dominance in the following years. The ATM market is divided into conventional, brown label, white label, smart and cash dispenser, with conventional expected to hold the highest market share of 36 percent.

The kiosk market is segmented into ticketing, photo, human resources, banking, DVD, patient-self service and others. In 2015, ticketing kiosks generated the most income, according to the report, but banking and financial kiosks are expected to grow during the time frame.

Currently, the Asia-Pacific region dominates the self-service technology market and is expected to continue in first place. The report also examines key companies in the industry including NCR Corp., Diebold Inc., Fujitsu Ltd., KIOSK Information Systems Inc. and others.

The report can be downloaded here: https://www.psmarketresearch.com/market-analysis/self-service-technology-market.

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