The Global Indoor Payment Kiosk Market is expected to grow at a significant CAGR during the forecast period. Self-service kiosks are also becoming more common, particularly among those who prefer to bank through indoor payment kiosks rather than traditional banking. The expansion of the bank kiosk industry will be helped by increased customer awareness of the security and dependability of banking kiosks.
The expansion of the indoor payment kiosk market is fuelled by an increase in demand for automated systems, as the seamless performance of self-service machines improves overall customer satisfaction and decreases operating time when compared to manual services. Furthermore, indoor payment kiosk technology is a rapidly growing sector of the retail business. Such technologies offer a moving brand experience both inside and outside of a specific location. As a result, the use of indoor payment systems in retail applications is expected to drive the indoor payment kiosk market growth globally.
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In October 2020, NCR Corporation launched NCR Activate Enterprise Next-Gen, a next-generation ATM software platform. By combining physical and digital for a consistent customer experience, this platform makes it easier and faster to deliver new digital services through ATMs. The software platform is hardware flexible, allowing banks to integrate new consumer experiences like video teller collaborations and contactless technologies into an easy-to-implement ATM application. Furthermore, in February 2021, America First Credit Union (US) collaborated with Diebold Nixdorf to install Vynamic Payments software to transform its terminal driving and transaction switching capabilities. America First Credit Union would also deploy DN Series ATMs as part of its fleet update initiative to provide new member-centric experiences and more secure banking transactions to its members that is propelling the growth of the market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment covered
o By Type
o By Application
- Region covered
o North America
o Europe
o Asia-pacific
o Rest of world
- Competitive Landscape- DivDat Kiosk, TurnKey Kiosks, CityBase, Innova, KIOSK, and Honeywell International Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Indoor Payment Kiosk Market by Segments
By Type
- Cash Payment
- Cashless Payment
By Application
- Retail
- Hospital
- Food Industry
- Transportation
- Financial services
- Others
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