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Based on product type, the automated teller machines (ATMs) segment will cross USD 22 billion by 2032, while depicting a CAGR of 6.6% through 2032, attributed to the widespread adoption of self-service banking solutions worldwide. ATMs offer convenient access to banking services, including cash withdrawals, deposits, and account inquiries, catering to the evolving needs of consumers for quick and secure transactions. With advancements in technology enabling features like contactless payments and biometric authentication, ATMs continue to play a central role in the digital transformation of the banking industry.
Based on category, the floor-standing kiosk segment will expand at 6.8% CAGR from 2024 to 2032, due to its versatility and prominent visibility in various environments. These kiosks offer a robust and customizable platform for engaging with customers in retail, hospitality, healthcare, and other sectors. With features such as touch screens, digital signage, and payment terminals, floor-standing kiosks provide interactive experiences that enhance customer engagement and streamline processes, contributing to their widespread adoption and market dominance.
U.S. interactive kiosk market was worth USD 9.8 billion in 2023 and could reach USD 17.4 billion by 2032, due to increasing demand for self-service technologies across various industries such as retail, healthcare, and transportation. These kiosks enhance customer experience by providing efficient, user-friendly services like wayfinding, ticketing, and information dissemination. The rise of contactless transactions, driven by the COVID-19 pandemic, has accelerated adoption as businesses seek to minimize physical interactions. Technological advancements, including AI and touchscreen innovations, further fuel growth by offering personalized and engaging user experiences. Additionally, businesses are recognizing the cost-saving benefits of kiosks in reducing staffing needs and streamlining operations.