#Self Service Kiosk Market size

[trendingrepots]

Self Service Kiosk Market - Forecast (2024 - 2030)

The Self Service Kiosk Market is estimated to surpass $35.8 billion mark by 2026 growing at an estimated CAGR of more than 6.4% during the forecast period 2021 to 2026. Self-Service Kiosks are computer devices designed to help people in performing specific tasks and services on their own like paying bills, buying tickets, bank transactions and others. Self-service kiosks are extensively used in retail industry, entertainment, healthcare, transportation, government & BFSI and education among others. They enhance the user experience to make services hassle free and matters of seconds which are of paramount importance to the comfort level of consumers. Data security is a key feature of kiosks which is driving the demand of self-service kiosk market.

Self Service Kiosk Market Report Coverage

The report: “Self Service Kiosk Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Self Service Kiosk Market.

By Implementation: Point-of-Information, Product Promotion, Service / Transaction, Internet Commerce, Product Dispensing and Others

By Usage: Checkin-Checkout, Advertising, Navigation, Recruitment, Photos, Inventory Management, Employee Information, Reservations, Ticket Printing, Patient Service, Bill Payments, Food Ordering, Registration and Identification and Others 

By End Use Industry: Hospitality, Financial Services, Retail, Medical, Transportation, Education, Government and others

By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).

Key Takeaways

The increasing convergence of emerging technologies such as artificial intelligence and the Internet of Things into electronics is increasing manufacturers' focus on advances in traditional kiosks. As a result, high production of self-service kiosks is proliferating due to increasing demand from various sectors.

Technological advancements such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) in the field of digital payment and security applications have also contributed to the expansion of applications and the use of self-service kiosks.

Increased smartphone and tablet adoption, along with mobile payment preference, has also had a positive impact on the growth of this market.

Self Service Kiosk Market Segment Analysis - By Usage

Food ordering held the largest share in the Self-Service Kiosk market in 2020 and is growing at a CAGR of 9.21% during the forecast period. Self-ordering kiosks are constantly gaining traction in the transformation of the way orders are delivered in fast-service restaurants with a high footprint. Popular fast-food restaurants such as McDonald's, KFC, and Pizza Hut have already embarked on the most ambitious transition, integrating a range of emerging technology and ground-breaking cashless payment service concepts. The COIVD-19 pandemic has further unlatched doors for self-ordering kiosks in the food ordering application. Ticketing printing self-service kiosk are commonly used in travel, theme parks and film theatres. Ticketing self-service kiosk offers the end user the ease of printing their tickets. Ticketing self-service kiosk uses modern and it combines with any configuration, whether they are put outdoors in the open or inside the premises, helps to improve customer service.

[ravinderimarc]

The global coffee franchise market reached an impressive US$ 104.5 Billion in 2023 and is forecasted to grow at a CAGR of 7.38%, reaching US$ 198.4 Billion by 2032. Key drivers include rising coffee consumption, digital innovations, and the development of self-service kiosks.

[growcapitalgroup]

Operational Strategies for Self-Storage Success

To achieve success in the self-storage industry, implementing strong operational strategies is crucial. Here are some key strategies that contribute to self-storage success:

1. Effective Facility Management

Automate Systems: Use management software to automate tenant communication, payments, and occupancy tracking. This enhances efficiency and reduces manual errors.

Onsite and Remote Management: Combine on-site staff with remote management to cut operational costs. Ensure accessibility for customers even during off-hours with automated kiosks or 24/7 access systems.

2. Optimize Pricing and Revenue Management

Dynamic Pricing Models: Use demand-based pricing to adjust rates according to market trends and unit availability. This maximizes revenue during peak seasons and maintains competitiveness during slow periods.

Regular Rate Increases: Gradually increase rents for long-term tenants to align with market rates. Clear communication about the reasons for rent increases helps retain tenants while boosting revenue.

3. Customer-Centric Approach

Exceptional Customer Service: Provide a seamless rental experience by offering easy online booking and responsive customer support. Happy customers are more likely to recommend your facility and stay long-term.

Referral Programs: Offer incentives like discounts or gift cards to existing tenants for referring new customers, enhancing both customer loyalty and occupancy rates.

4. Maximize Occupancy Rates

Targeted Marketing: Use digital marketing strategies such as local SEO, pay-per-click ads, and social media to reach potential renters. Ensure your website is optimized for mobile use and offers easy online reservations.

Seasonal Promotions: Offer discounts or promotions during off-peak seasons to attract new tenants and fill vacant units.

5. Diversify Storage Offerings

Unit Variety: Offer a range of unit sizes to cater to different customer needs, from personal storage to business inventory. Specialized units like climate-controlled storage can command higher rents.

Ancillary Services: Offer additional services like moving supplies, truck rentals, and insurance to create additional revenue streams.

6. Facility Maintenance and Security

Consistent Maintenance: Keep the facility clean, well-lit, and in good repair to maintain a positive image and retain tenants.

Robust Security: Install high-quality security systems, including surveillance cameras, access control, and alarms, to ensure tenant safety and protect stored items. Visible security measures give customers peace of mind.

7. Financial Management

Cost Control: Regularly review operational expenses to identify cost-saving opportunities, such as energy-efficient lighting or remote monitoring systems to reduce staffing needs.

Financial Benchmarking: Compare your financial metrics (occupancy rates, revenue per square foot, etc.) to industry standards to evaluate performance and make data-driven decisions.

8. Focus on Scalability

Expansion Planning: Monitor market demand and be prepared to expand with new units or locations when occupancy rates are high.

Joint Ventures and Partnerships: Consider partnerships with local real estate developers or other businesses to expand your presence in new markets.

Implementing these strategies can significantly improve operational efficiency, customer satisfaction, and profitability in the self-storage business.

[tamanna31]

Interactive Kiosk Market - Structure, Size, Trends, Analysis and Outlook 2022-2030

Interactive Kiosk Industry Overview

The global interactive kiosk market size was valued at USD 28.45 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. 

Due to the high development in payment and security technologies, the market has witnessed rapid growth over the past few years. Many of the self-service kiosk manufacturers will continue to extract these technologies’ maximum potential and are expected to include them as an indispensable component of their product offering. Interactive kiosks help prevent long queues at public places, such as inquiry counters at railway stations, banks, and malls and check-in counters at airports. At places, such as hospitals and government offices, they help reduce the paperwork associated with visitor data collection and enhance visitors’ experiences.

Gather more insights about the market drivers, restrains and growth of the Interactive Kiosk Market

An increase in product adoption in the BFSI and retail segments is expected to be a major growth driver for the market. Some of the major manufacturers are already working on developing and integrating Artificial Intelligence (AI)-based technology in interactive kiosks. For instance, ViaTouch Media has introduced AI-based kiosks, which enable shoppers to examine the products before making a purchase. As products are removed from the retailer’s shelf, a video screen above displays product information to the customer. The growing problems due to the outbreak of COVID-19 have increased the adoption of self-checkout kiosks to avoid human interaction. As self-checkout kiosks ensure social distancing in stores, they pave the way for a little human interaction.

Looking forward to driving the adoption of and advantages offered by interactive kiosks to customers, the vendors operating in the market have launched various advanced solutions and technologies in response to the COVID-19 pandemic. The COVID-19 pandemic has doubled the R&D spending and innovation by the vendors. For instance, kiosk systems with temperature sensors, Personal Protective Equipment (PPE)-dispensing kiosks, smart kiosks that collect swab samples for COVID-19 tests, and mobile testing kiosks are some of the latest solutions launched by the vendors operating in the market. The vendors are expected to continue focusing on product innovation and development to gain a significant share in the years to come.

Interactive Kiosk Market Segmentation

Grand View Research has segmented the global interactive kiosk market report on the basis of component, type, end use, and region:

Component Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Display

Printer

Others

Software

Windows

Android

Linux

Others (iOS, Others)

Service

Integration & Deployment

Managed Services

Type Outlook (Revenue, USD Million, 2017 - 2030)

Automated Teller Machines (ATMs)

Retail Self-Checkout Kiosks

Self-Service Kiosks

Vending Kiosks

End Use Outlook (Revenue, USD Million, 2017 - 2030)

BFSI

Retail

Food & Beverage

Healthcare

Government

Travel & Tourism

Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Asia Pacific

China

India

Japan

Singapore

Thailand

Indonesia

Malaysia

Vietnam

Australia

Latin America

Brazil

Middle East & Africa (MEA)

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global hybrid printing technologies market size was estimated at USD 4.59 billion in 2023 and is projected to grow at a CAGR of 12.3% from 2024 to 2030.

The global 4D printing market size was estimated at USD 156.8 million in 2023 and is anticipated to grow at a CAGR of 35.8% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is characterized by the presence of a few players accounting for significant industry share. New product launches and technology partnerships are some of the major strategies adopted by key companies to strengthen their market position. Key industry players are also heavily investing in research & development projects and focusing on establishing production infrastructure to develop and offer differentiated and cost-effective self-service solutions. The Meridian, Advanced Kiosk, and Kiosk Information System have a strong market presence due to the availability of a strong R&D department and production facilities. The companies mainly focus on product innovation and effective distribution through a strong network of partners in multiple countries, such as the U.S., Germany, India, and Brazil. Some of the key players in the global interactive kiosk market include:

NCR Corp.

Diebold Nixdorf AG

ZEBRA Technologies Corp.

Advanced Kiosks

Embross Group

GRGBanking

IER SAS

Order a free sample PDF of the Interactive Kiosk Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Interactive Kiosk Market, 2030: Growth Share and Future Trends

The global interactive kiosk market size was valued at USD 28.45 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. 

Due to the high development in payment and security technologies, the market has witnessed rapid growth over the past few years. Many of the self-service kiosk manufacturers will continue to extract these technologies’ maximum potential and are expected to include them as an indispensable component of their product offering. Interactive kiosks help prevent long queues at public places, such as inquiry counters at railway stations, banks, and malls and check-in counters at airports. At places, such as hospitals and government offices, they help reduce the paperwork associated with visitor data collection and enhance visitors’ experiences.

Gather more insights about the market drivers, restrains and growth of the Interactive Kiosk Market

An increase in product adoption in the BFSI and retail segments is expected to be a major growth driver for the market. Some of the major manufacturers are already working on developing and integrating Artificial Intelligence (AI)-based technology in interactive kiosks. For instance, ViaTouch Media has introduced AI-based kiosks, which enable shoppers to examine the products before making a purchase. As products are removed from the retailer’s shelf, a video screen above displays product information to the customer. The growing problems due to the outbreak of COVID-19 have increased the adoption of self-checkout kiosks to avoid human interaction. As self-checkout kiosks ensure social distancing in stores, they pave the way for a little human interaction.

Looking forward to driving the adoption of and advantages offered by interactive kiosks to customers, the vendors operating in the market have launched various advanced solutions and technologies in response to the COVID-19 pandemic. The COVID-19 pandemic has doubled the R&D spending and innovation by the vendors. For instance, kiosk systems with temperature sensors, Personal Protective Equipment (PPE)-dispensing kiosks, smart kiosks that collect swab samples for COVID-19 tests, and mobile testing kiosks are some of the latest solutions launched by the vendors operating in the market. The vendors are expected to continue focusing on product innovation and development to gain a significant share in the years to come.

Interactive Kiosk Market Segmentation

Grand View Research has segmented the global interactive kiosk market report on the basis of component, type, end use, and region:

Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Display

o Printer

o Others

• Software

o Windows

o Android

o Linux

o Others (iOS, Others)

• Service

o Integration & Deployment

o Managed Services

Type Outlook (Revenue, USD Million, 2017 - 2030)

• Automated Teller Machines (ATMs)

• Retail Self-Checkout Kiosks

• Self-Service Kiosks

• Vending Kiosks

End Use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI

• Retail

• Food & Beverage

• Healthcare

• Government

• Travel & Tourism

• Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

• Asia Pacific

o China

o India

o Japan

o Singapore

o Thailand

o Indonesia

o Malaysia

o Vietnam

o Australia

• Latin America

o Brazil

• Middle East & Africa (MEA)

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global hybrid printing technologies market size was estimated at USD 4.59 billion in 2023 and is projected to grow at a CAGR of 12.3% from 2024 to 2030.

• The global 4D printing market size was estimated at USD 156.8 million in 2023 and is anticipated to grow at a CAGR of 35.8% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is characterized by the presence of a few players accounting for significant industry share. New product launches and technology partnerships are some of the major strategies adopted by key companies to strengthen their market position. Key industry players are also heavily investing in research & development projects and focusing on establishing production infrastructure to develop and offer differentiated and cost-effective self-service solutions. The Meridian, Advanced Kiosk, and Kiosk Information System have a strong market presence due to the availability of a strong R&D department and production facilities. The companies mainly focus on product innovation and effective distribution through a strong network of partners in multiple countries, such as the U.S., Germany, India, and Brazil. Some of the key players in the global interactive kiosk market include:

• NCR Corp.

• Diebold Nixdorf AG

• ZEBRA Technologies Corp.

• Advanced Kiosks

• Embross Group

• GRGBanking

• IER SAS

Order a free sample PDF of the Interactive Kiosk Market Intelligence Study, published by Grand View Research.

[rbwsolutions]

What are the different types of POS Software?

In today’s fast-paced retail and hospitality environments, efficient and reliable Point of Sale (POS) software is essential for smooth operations. POS software is the backbone of any business transaction, helping to streamline sales processes, manage inventory, and provide valuable insights through data analytics. There are several types of POS software, each tailored to meet the specific needs of different businesses. This blog will explore the various types of POS software, highlighting their unique features and benefits.

1. Traditional POS Systems

On-Premise POS

On-premise POS systems are the traditional form of POS software, where the system is installed directly on the business’s hardware, usually a computer or a dedicated POS terminal. These systems are typically used by larger businesses with a fixed location and substantial daily transactions.

Pros:

Greater control over the system

Customizable to specific business needs

High data security as data is stored locally

Cons:

Higher initial cost for hardware and software

Requires in-house IT support for maintenance and updates

Limited accessibility as data can only be accessed on-site

2. Cloud-Based POS Systems

Cloud-based POS systems, also known as web-based or online POS, are hosted on remote servers and accessed through the internet. This type of system is gaining popularity due to its flexibility and ease of use.

Pros:

Lower upfront costs as there is no need for expensive hardware

Accessible from any device with an internet connection

Automatic updates and backups

Scalable to accommodate business growth

Cons:

Dependence on internet connectivity

Potential security concerns with data stored on external servers

Subscription-based model can lead to higher long-term costs

3. Mobile POS Systems

Mobile POS (mPOS) systems transform smartphones and tablets into portable POS terminals. These systems are ideal for businesses that require mobility, such as food trucks, market vendors, and pop-up shops.

Pros:

Highly portable and flexible

Lower cost compared to traditional POS systems

Easy to set up and use

Cons:

Limited functionality compared to full-fledged POS systems

Security concerns if devices are lost or stolen

Dependence on battery life and internet connectivity

4. Tablet POS Systems

Tablet POS systems are similar to mPOS but are specifically designed to run on tablets. They offer a good balance between the portability of mPOS and the functionality of traditional POS systems.

Pros:

User-friendly interface

Portable and versatile

Cost-effective solution for small to medium-sized businesses

Cons:

Limited processing power compared to desktop systems

Dependence on internet connectivity

Potential security vulnerabilities if not properly managed

5. Self-Service Kiosk POS Systems

Self-service kiosk POS systems allow customers to place orders and make payments independently, reducing the need for staff intervention. These systems are commonly used in quick-service restaurants, movie theaters, and retail stores.

Pros:

Enhances customer experience by reducing wait times

Increases order accuracy

Allows staff to focus on other tasks

Cons:

High initial setup cost

Requires regular maintenance

May require customer education on how to use the kiosks

6. Multichannel POS Systems

Multichannel POS systems are designed to integrate and manage sales across various channels, including physical stores, online shops, and mobile apps. This type of system is essential for businesses operating in multiple sales environments.

Pros:

Centralized management of inventory and sales data

Consistent customer experience across all channels

Improved inventory control and reporting

Cons:

Complex setup and integration

Higher cost due to advanced features

Requires robust IT support for maintenance and troubleshooting

7. Industry-Specific POS Systems

Industry-specific POS systems are tailored to meet the unique requirements of particular industries, such as restaurants, retail stores, and salons. These systems come with specialized features that cater to the specific needs of the business.

Pros:

Customized to industry-specific workflows

Includes relevant features like table management for restaurants or appointment scheduling for salons

Enhances operational efficiency

Cons:

Limited flexibility for businesses outside the targeted industry

May be more expensive due to specialized features

Requires industry-specific knowledge for effective use

Choosing the right POS software is critical for the smooth operation and success of any business. Whether you opt for a traditional on-premise system, a flexible cloud-based solution, a mobile or tablet POS for portability, a self-service kiosk for customer convenience, a multichannel system for integrated sales management, or an industry-specific solution, understanding the unique features and benefits of each type will help you make an informed decision. By aligning the POS system with your business needs, you can streamline operations, enhance customer experience, and drive growth.

[businessindustry]

Photo Printing Kiosk Market: Research, Industry Analysis to 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Photo Printing Kiosk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Photo Printing Kiosk Market Analysis, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Photo Printing Kiosk Market?

The global photo printing kiosk market size reached US$ 1,964.3 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 3,099.9 million in 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

What are Photo Printing Kiosk?

A photo printing kiosk is a self-service unit that enables users to print digital photos and other photo-related products on-site. Found in locations such as retail stores, shopping malls, and convenience stores, these kiosks provide a convenient way for users to upload, edit, and print their images. Featuring touchscreen interfaces, they allow users to choose print sizes, customize options, and select from various paper types and finishes. Designed for ease of use and high-quality output, photo printing kiosks often connect with online platforms and digital storage devices to simplify the printing process.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1841

What are the growth prospects and trends in the Photo Printing Kiosk industry?

The photo printing kiosk market growth is driven by various factors and trends. The photo printing kiosk market is expanding due to a rising consumer preference for convenient and high-quality photo printing solutions. This growth is fueled by the increasing use of digital photography and the demand for immediate, on-the-spot photo prints and products. Technological advancements in kiosks, including improved touchscreen interfaces, higher print quality, and integration with digital platforms, are driving market development. The strategic placement of these kiosks in high-traffic locations such as retail stores and malls also enhances their visibility and usage. Leading companies are investing in innovative features and broadening their product offerings to meet evolving consumer needs and stimulate further market growth. Hence, all these factors contribute to photo printing kiosk market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type of Kiosk:

Standalone Kiosks

Mini Kiosks

Connectivity Type:

Wired Kiosks

Wireless Kiosks

Printing Technology:

Dye Sublimation

Inkjet

Laser

Printing Size:

4x6 Inches

5x7 Inches

8x10 Inches

Others

Service Offering:

Photo Prints

Photo Books

Canvas Prints

Greeting Cards

Passport Photos

Others

End User:

Retail Stores

Shopping Malls

Photography Studios

Event Venues

Others

Consumer Type:

Individual Consumers

Professional Photographers

Businesses

Sales Channel:

Offline

Online

Application:

Personal Use

Commercial Use

Software Solution:

Image Editing Software

Order Management Software

Printing Software

Customization Options:

Frames

Filters

Collages

Text Overlays

Other Customization Features

Price Range:

Low-cost Kiosks

Mid-range Kiosks

High-end Kiosks

Maintenance and Support Services:

Hardware Maintenance

Software Updates

Technical Support

Integration with Other Platforms:

Mobile Apps

Online Printing Platforms

Social Media Platforms

Target Market:

Consumer Market

Professional Market

Business Market

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Kodak Moments

Fujifilm

HP Inc.

Canon Inc.

Mitsubishi Electric Corporation

Sony Corporation

Shutterfly Inc.

Snapfish

Epson Corporation

Mpix

Cewe Stiftung & Co. KGaA

Photo-Me International plc

DNP Imagingcomm America Corporation

KIOSK Information Systems

Print Mates

View Full Report: https://www.reportsandinsights.com/report/Photo Printing Kiosk-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: sales@reportsandinsights.com Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1

[blog-eatos12]

7 Signs You Need A Restaurant Kiosk Ordering System

The competitive market environments demand that restaurant businesses keep up with the emerging technological developments in place. This is where the restaurant kiosk ordering system incorporates its importance into businesses. The systems help to make the operations as smooth as possible and the customer experience the best it can be.

But how do you know when to get a restaurant kiosk ordering system for yourself? Of course, this is the question arising in your mind right now. Let me answer it with the 7 signs that indicate the need for a kiosk ordering system.

Your Restaurant's Long Waits Are Haunting You If your customers always experience long wait times before an order is made, then this is a clear sign that something in the system you have put in place is not right. Long queues can prove to be so frustrating, hence clients may start seeking better opportunities elsewhere. A kiosk ordering system can significantly reduce wait times by allowing customers to place orders themselves. One study, by Tillster, found that 65 percent of customers would come in more often if a restaurant had self-service kiosks, therefore reducing wait times is critical.

High Employee Turnover Rate and Labor Cost High attrition of staff and rising expenses under the labor process could be a nightmare for a restaurant. The reason is that it takes up a lot of time and expense to train staff again and again. A kiosk system from restaurant technology providers like eatOS reduces the headcount of large departmental staff in a restaurant, reducing the necessity to train staff time and again. There are many kiosks installed in McDonald's, and this helps the company to save a substantial amount on labor costs and eliminate human dependence.

Inconsistent Order Accuracy Order accuracy is very crucial because customers have to be satisfied. If you record many wrong orders, then you have to consider having a kiosk ordering system. Through the use of a kiosk, direct order entry is enabled by the customer, and this significantly reduces any human errors that are likely to arise at the order entry level. Panera Bread experienced tremendously improved order accuracy with each order value since the introduction of ordering kiosks.

Low Average Order Value If you struggle with low average order values, a kiosk system might come to your rescue. AI-powered self-service kiosk ordering systems can suggest complementary add-ons based on the customer's preference—upselling. According to Pymnts.com, restaurants that implemented kiosk ordering systems reported a 20% lift in average order size. For instance, Taco Bell greatly succeeded in upselling orders by using kiosk systems to maximize add-ons to taco orders.

Managing Peak Hours Effectively There is no easy way to manage peak hours if the ordering system is a bottleneck. If your restaurant currently faces chaos during peak hours, deploying kiosk ordering might streamline your operation. The kiosk orders are dealt with concurrently; the processing of multiple orders makes the flow of operations extremely smooth even during peak hours. Starbucks uses kiosks to manage high traffic in an orderly manner, reducing congestion and increasing customer experience.

Lack of Customer Data Insights Knowing customer behavior and preference patterns is key in delivering food customization for better service. One of the critical reasons for the implementation of a kiosk ordering system is that it gives thorough insight into cases where you have no other way of attaining detailed data on your customers. For instance, Chipotle uses data from its kiosk ordering system to analyze customer preferences and optimize its menu offerings in such a way that it is not able to be achieved very easily by other means.

Slow Adoption of Digital Payment Methods This is the digital age. People need fast, secure modes of payment in your dining facility too. If you are stuck in cash dealings to date, then you might be lagging. Self-service kiosk ordering systems allow for multiple digital payment methods. Your customers can now pay via credit cards, mobile wallets, or contactless payments—meaning not only will the transaction speed be high, but so will the customer experience. Statista concludes that 53% of customers quoted in a survey prefer digital wallets for payment, presenting evidence that modern payment solutions are necessary.

Conclusion: Implement Restaurant Kiosk Ordering to Succeed So, in conclusion, a kiosk ordering system will help to reduce most of the challenges that are impeding your business. This is in saving labor time, achieving a greater level of order accuracy, and acquiring further customer insights. If you realize any of the points in your restaurant, then it is high time you consider an investment in the kiosk ordering system.

More than just a technological upgrade: a strategic move to future-proof your business. This is mirrored by the fact that, as Research and Markets forecasts, the worldwide self-service kiosk market will encompass $30.8 billion by 2024, growing at a Саgr of 6.1%. The elaboration of the very high growth rate in the sphere of the kiosk system application for achieving business goals is efficient indeed.

Change how your restaurant functions and surprise your guests with a kiosk ordering system from eatOS. Get in touch with us today to learn how our AI-powered restaurant kiosk ordering system drives your operations, increases your sales, and keeps you well ahead of the competition.

Disclaimer: This article is informative and not for promotional purposes. Moreover, the content belongs to the owner and there are no affiliations or marketing motives behind it.

[amrutmnm]

Key Market Trends in Airport Automation Systems

The Airport Automation Industry is experiencing significant growth, driven by the increasing demand for efficient and customer-centric airport operations. As air travel continues to rise, airports worldwide are adopting automation technologies to streamline processes and enhance passenger experiences. According to market statistics, the industry size is projected to grow from USD 5.8 Billion in 2023 to USD 7.7 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2028. This expansion reflects the growing importance of automation in addressing the challenges posed by increased passenger volumes and the need for operational efficiency.

Market Statistics and Size

The Airport Automation Industry, valued at USD 5.8 billion in 2023, is expected to reach USD 7.7 billion by 2028, with a CAGR of 5.8% over the forecast period. This growth is driven by several factors, including the rising number of air travelers, advancements in automation technologies, and the need for efficient airport operations. The increasing emphasis on customer-centric strategies and the adoption of self-service technologies are also contributing to the market's expansion.

Get a Deeper Understanding of the Industry by Visiting: https://www.marketsandmarkets.com/Market-Reports/airport-automation-market-133408420.html

Market Trends

Growing Emphasis on Customer-Centric Strategies

Airports and airlines are increasingly focusing on enhancing passenger experiences by adopting customer-centric automation solutions. Technologies such as self-service check-in kiosks, streamlined security procedures, and personalized travel notifications through mobile apps are becoming standard features at modern airports. These automated solutions not only reduce waiting times and improve efficiency but also empower travelers to have greater control over their travel experiences. This trend towards customer-centric automation is driven by the need to meet evolving traveler expectations and demands, leading to increased customer loyalty and a competitive advantage for airports.

Increasing Utilization of Self-Service Technologies

The adoption of self-service technologies is a major trend in the airport automation market. Self-check-in kiosks, automated baggage drop-off systems, and biometric-enabled boarding processes are becoming increasingly popular among passengers. These technologies enhance overall airport efficiency and passenger satisfaction by offering greater control over check-in and boarding processes. As a result, airports and airlines are investing heavily in automation solutions to meet the rising demand for seamless and efficient travel experiences.

Industry Drivers

Enhancing Passenger Experience

One of the primary drivers of the Airport Automation Industry is the growing emphasis on improving passenger experiences. By implementing automated technologies, airports can reduce congestion, streamline processes, and provide a more seamless travel experience. This focus on customer-centric strategies is crucial for attracting more airlines and passengers, ultimately driving growth in the industry.

Technological Advancements

Advancements in technology are playing a significant role in the growth of the Airport Automation Industry. Innovations in robotics, artificial intelligence (AI), and biometric authentication are enhancing the capabilities of automated systems, making them more efficient and reliable. These technological advancements are enabling airports to optimize operations, reduce costs, and improve overall efficiency.

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Industry Restraints

Cybersecurity Concerns

One of the major restraints in the Airport Automation Industry is the risk of cyber threats and data breaches. As airports increasingly rely on automated systems, ensuring robust cybersecurity measures is essential to protect passenger data and maintain the integrity of automated processes. Implementing advanced security protocols and conducting regular security audits are crucial steps in building trust and confidence among passengers and stakeholders.

High Capital Expenditure

The significant capital expenditure required for implementing advanced automation solutions is another major challenge facing the industry. The cost of acquiring and deploying state-of-the-art technologies, such as advanced robotic systems and AI-driven processes, can be substantial. This financial constraint can slow down the rapid adoption of innovative technologies, necessitating careful planning and strategic investment decisions.

Opportunities

Rising Utilization of Data-Backed Decision Making

The increasing adoption of data-backed decision-making presents a promising opportunity for enhancing airport operations and passenger experiences. By leveraging advanced data analytics and AI, airports can collect and analyze vast amounts of data from various sources, including passenger flows, aircraft movements, weather patterns, and operational processes. This data-driven approach enables airports to make informed decisions, optimize resource allocation, and proactively identify potential bottlenecks and issues before they escalate. Data-driven decision-making empowers airports to personalize passenger services, predict passenger needs, and offer tailored experiences, ultimately boosting customer satisfaction and loyalty.

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Challenges

Gradual Incorporation of Cutting-Edge Technologies

The gradual incorporation of innovative technologies due to high capital expenditures is a significant challenge in the Airport Automation Industry. The cost of implementing advanced automation solutions can be prohibitive, slowing down the pace of technological adoption. This challenge requires airports to carefully plan and strategize their investments to ensure a steady and sustainable integration of automation while maximizing long-term benefits.

Market Segmentation

By System

The Airport Automation Market is segmented into Data Acquisition and Communication, Automation and Control, Data Storage, and System and Software. Among these, the Automation and Control segment is expected to dominate the market share during the forecast period. The integration of advanced technologies, such as robotics and AI, into airport automation systems enhances the capabilities of Human-Machine Interfaces (HMIs) and Automated Guided Vehicles (AGVs), contributing to more intelligent decision-making and responsive airport operations.

By Application

The Air Traffic Management segment is projected to hold a large market share in 2023. Automated systems provide air traffic controllers with real-time information, reducing the risk of human error and enhancing overall safety. Automated conflict resolution systems can detect and alert controllers to potential conflicts between aircraft, further improving safety and efficiency.

By End Market

The Greenfield segment is expected to witness the highest growth during the forecast period. Greenfield projects offer airports the unique opportunity to incorporate automation into their design and planning from the outset. This integrated approach allows for the seamless incorporation of automated systems, such as baggage handling, security, and passenger processing, into the airport infrastructure, enhancing overall efficiency and passenger experience.

Regional Insights

Asia Pacific

The Asia Pacific region is projected to witness the largest market share during the forecast period. The presence of key players, automation solution manufacturers, and component manufacturers in the region is expected to drive the growth of the Airport Automation Market. Major manufacturers and suppliers of airport automation solutions in the region include Daifuku Co. Ltd. (Japan), Collins Aerospace (US), Siemens (Germany), and Amadeus IT Group (Spain). These companies are investing in developing technologically advanced automation solutions to improve efficiency and reliability in airport operations.

Key Market Players

The Airport Automation Industry is dominated by globally established players such as Daifuku Co. Ltd. (Japan), Collins Aerospace (US), Siemens (Germany), and Amadeus IT Group (Spain). These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Their continuous investment in research and development, along with strategic partnerships and collaborations, positions them as leaders in the airport automation market.

The Airport Automation Industry is poised for significant growth, driven by the increasing demand for efficient and customer-centric airport operations. The market, projected to grow from USD 5.8 billion in 2023 to USD 7.7 billion by 2028, reflects the rising importance of automation in addressing the challenges posed by increased passenger volumes and the need for operational efficiency. While cybersecurity concerns and high capital expenditures present challenges, the opportunities presented by data-backed decision-making and the integration of advanced technologies offer a promising future for the industry. With continued investment and innovation, the Airport Automation Industry is set to revolutionize airport operations, enhancing passenger experiences and operational efficiency.

About MarketsandMarkets™

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, and facilitates analysis of interconnections through applications, helping clients look at the entire ecosystem and understand the revenue shifts in their industry.

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[neha24blog]

Interactive Kiosk Market Scope By Component, Type, End-use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 May 2024: The Report Interactive Kiosk Market Size, Share & Trends Analysis Report By Type (Self-service Kiosks, ATMs), By Component (Hardware, Services), By End Use (BFSI, Healthcare), By Region (APAC, EU), And Segment Forecasts, 2022 – 2030 The global interactive kiosk market size is expected to reach USD 52.74 billion by 2030, registering a CAGR of 7.1% over the forecast…

[tamanna31]

New Study: 2023-2030 Smart Ticketing Market Trend and Forecast Report

Smart Ticketing Industry Overview

The global smart ticketing market size was valued at USD 10.14 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030.

The primary factor leading to the growth in adopting smart ticketing solutions is the increasing incorporation of emerging technologies. The introduction of innovative means for purchasing and paying for tickets, such as contactless payment systems, virtual tickets (E-tickets), and smart cards, enables smooth and efficient transit. In addition, the availability of multi-modal disbursement channels through online ticketing systems, smartphones, E-kiosks, and smart ticketing machines is supplementing effective crowd management and making smart ticketing systems preferable over traditional paper-based ticketing systems.

Gather more insights about the market drivers, restrains and growth of the Smart Ticketing Market

Moreover, changing customer preferences for digital channels to access transport services is driving market growth. Various benefits in the form of reduced waiting time compared to waiting in queues during peak hours, subsidized fares, real-time route updates, and a personalized mobility experience make a strong appeal among customers for online ticketing systems. Moreover, the advantages of smart ticketing solutions for transport operators include reduced maintenance costs, access to an integrated ticketing infrastructure, and cost-effective use of resources, such as employees, energy, and paper. Thus, the use of smart ticketing systems is expected to rise over the forecast period contributing to the growth of the overall market.

In addition to its application in transportation operations, smart ticketing solutions are also gaining traction to meet ticketing needs in the sporting and entertainment industry. Smart ticketing systems allow scalability when integrated with point-of-sale and self-service kiosks. Smart ticketing systems also provide real-time customer data and improve customer engagement and experience. For instance, in March 2023, Major League Soccer (MLS) selected Ticketmaster as its official ticketing partner through a multi-year agreement seeking to personalize the entire customer experience using next-generation interactive tools, such as 3D stadium views. The ability to leverage technology to connect to various smart & connected devices and provide a unified experience is also driving the market growth.

For instance, in September 2021, a French fairground known as Fabrikus World delegated the digital transformation of its theme park to CONNECT&GO, a global leader in Radio Frequency Identification (RFID). CONNECT&GO would help build an omnichannel ticketing platform, including online, physical ticketing offices, and cashless payments. The partnership also helped Fabrikus World launch its currency, Fabcoin, which would be available on chip cards. Data security concerns are one of the restraints hindering market growth. Smart ticketing systems are open-loop and typically require users to provide personal information, such as their name, contact details, and payment information. They also inherit risks of such data being accessed or misused if the system’s security measures need to be improved. Companies are upgrading to use technology, such as blockchain, to overcome these restraints.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global sustainable printing market size was estimated at USD 2.07 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030.

• The global hybrid printing technologies market size was estimated at USD 4.59 billion in 2023 and is projected to grow at a CAGR of 12.3% from 2024 to 2030.

Global Smart Ticketing Market Report Segmentation

This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2017 to 2030. For this report, Grand View Research has segmented the global smart ticketing market report based on component, product, system, end-use, and region.

Component Outlook (Revenue, USD Billion, 2017 - 2030)

Hardware

Software

Service

Product Outlook (Revenue, USD Billion, 2017 - 2030)

E-kiosk

E-ticket

E-toll

Request Tracker

Smart Parking System

Ticket Machine

Ticket Validators

Others

System Outlook (Revenue, USD Billion, 2017 - 2030)

Open Payment System

Smart Card

Near-field Communication

End-use Outlook (Revenue, USD Billion, 2017 - 2030)

Parking

Sport & Entertainment

Transportation

Others

Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

South Korea

Australia

Latin America

Brazil

Mexico

Middle East & Africa

Kingdom of Saudi Arabia (KSA)

UAE

South Africa

Key Companies & Market Share Insights

Companies are adopting numerous strategies to gain a competitive advantage and drive growth. Several companies are focusing on partnering with other businesses to build innovative systems or acquiring startups or smaller firms to gain access to their expertise and customer base. This approach allows companies to expand their capabilities and offer more comprehensive solutions to their customers. Moreover, companies are also investing in research and development to innovate and differentiate their offerings.

Smart ticketing solution providers are leveraging participation in various exhibitions and conferences to showcase their offerings. For instance, in March 2023, Conduent, Inc., a smart mobility technology solutions provider, displayed its range of fare collection solutions at the Transport Ticketing Global Conference. As the world’s largest event related to public transport, the Transport Ticketing Global Conference gathered industry representatives and transport operators from over 70 countries. Some of the prominent players in the global smart ticketing market include.

Confidex Ltd.

CPI Card Group Inc.

Cubic Corporation

Thales

Giesecke & Devrient GmbH

HID Global Corporation (ASSA ABLOY)

Infineon Technologies AG

NXP Semiconductors

IDEMIA

Xerox Corporation

Order a free sample PDF of the Smart Ticketing Market Intelligence Study, published by Grand View Research.

[jcmarchi]

Could “Robot-Phobia” Worsen the Hospitality Industry’s Labor Shortage?

New Post has been published on https://thedigitalinsider.com/could-robot-phobia-worsen-the-hospitality-industrys-labor-shortage/

Could “Robot-Phobia” Worsen the Hospitality Industry’s Labor Shortage?

The hospitality industry has grappled with a severe labor shortage since the COVID-19 pandemic. As businesses struggle to find enough workers to meet the growing demand, many have turned to robotic technology as a potential solution. However, a recent study conducted by Washington State University suggests that the introduction of robots in the workplace may inadvertently exacerbate the labor shortage due to a phenomenon known as “robot-phobia” among hospitality workers.

Robot-phobia, defined as the fear that robots and technology will replace human jobs, has been found to have a significant impact on the well-being and job satisfaction of hospitality employees. The study sheds light on the unintended consequences of implementing robotic technology in the hospitality sector and emphasizes the need for employers to address these concerns to maintain a stable workforce.

The new research comes at a time when the global hospitality robots market size is predicted to reach USD 3.1 billion by 2030, at a CAGR of roughly 25.51% between 2023 and 2030.

The Impact of Robot-phobia on Hospitality Workers

The Washington State University study, which surveyed over 620 lodging and food service employees, revealed that robot-phobia has far-reaching effects on hospitality workers. The fear of being replaced by robots led to increased job insecurity and stress among employees, ultimately resulting in higher turnover intentions.

One of the most striking findings of the study was that the impact of robot-phobia was more pronounced among employees who had direct experience working with robotic technology. This suggests that exposure to robots in the workplace does not necessarily alleviate the fear of job displacement but may instead intensify it. Furthermore, the study found that both frontline employees and managers were affected by robot-phobia, highlighting the pervasive nature of this issue across different levels of the organizational hierarchy.

The implications of these findings are significant for the hospitality industry. With turnover rates already among the highest across all non-farm sectors, the added stress and job insecurity caused by robot-phobia could further contribute to the labor shortage.

As lead author Bamboo Chen points out:

“For everyone, regardless of their position or sector, robot-phobia has a real impact.”

Employers must take this issue seriously and develop strategies to address the concerns of their workforce to maintain stability and prevent a further exodus of talent.

As the labor shortage persists, many hospitality businesses have turned to robotic technology to bridge the gap. Robots and automation have been introduced in various forms, such as human-like robot servers, automated robotic arms, self-service kiosks, and tabletop devices. These technologies are designed to augment service and improve efficiency by handling tedious and repetitive tasks that human workers often find undesirable, such as washing dishes or managing hotel laundry.

Perceptions and Attitudes Towards Robots

The study also explored the role of employee perceptions and attitudes towards robots in shaping their job satisfaction and turnover intentions. The findings revealed that employees who viewed robots as more capable and efficient were more likely to have higher turnover intentions. This suggests that the perceived threat of being replaced by superior technology can significantly influence an employee’s decision to leave their job.

To address this issue, employers must strive to create a balanced perspective on robotic technology among their workforce. This involves communicating not only the benefits but also the limitations of robots and emphasizing the vital role that human workers play in the hospitality industry. By fostering a culture that values human-robot collaboration rather than competition, employers can help alleviate the fear and insecurity associated with robot-phobia.

Addressing the Negative Feedback Loop

The study warns of a potential “negative feedback loop” that can arise from the increased turnover caused by robot-phobia. As more human workers quit their jobs due to the fear of being replaced by robots, the labor shortage may worsen, leading businesses to rely even more heavily on automation. This cycle can perpetuate the problem and create a vicious cycle that undermines the stability of the hospitality workforce.

To break this negative feedback loop, employers must be proactive in addressing robot-phobia and implementing strategies for introducing new technology in a manner that minimizes employee apprehension. This can involve:

Focusing on human-robot collaboration: Emphasize how robots can work alongside human workers to enhance service and improve overall efficiency, rather than replacing them entirely.

Providing clear communication and training: Ensure that employees understand the purpose and limitations of the robotic technology being introduced. Offer training programs to help workers adapt to working alongside robots and develop the necessary skills to thrive in a technology-enhanced environment.

Encouraging employee feedback and participation: Involve employees in the process of introducing new technology and solicit their input and concerns. This can help foster a sense of ownership and control, reducing feelings of job insecurity.

Investing in employee development: Provide opportunities for workers to upskill and reskill, enabling them to take on new roles and responsibilities that complement the capabilities of robots.

By adopting a proactive and employee-centric approach to introducing robotic technology, hospitality businesses can mitigate the negative impact of robot-phobia and create a more stable and sustainable workforce.

A Quick Summary

The Washington State University study on robot-phobia in the hospitality industry has shed light on a critical issue that employers must address to navigate the ongoing labor shortage. The fear of being replaced by robots has been found to increase job insecurity and stress among hospitality workers, leading to higher turnover intentions.

As businesses increasingly adopt robotic technology to fill labor gaps, it is crucial to recognize the potential unintended consequences and develop strategies to mitigate the negative impact on employees. By fostering a culture of human-robot collaboration, providing clear communication and training, and investing in employee development, hospitality businesses can overcome the challenges posed by robot-phobia and create a more stable and sustainable workforce. Ultimately, the success of the industry in navigating this technological shift will depend on its ability to strike a balance between the benefits of automation and the well-being of its human workers.

[industrynewsupdates]

Unveiling the World of Point of Sale Materials (PoSM) Procurement Intelligence 2024-2030

Point of Sale Materials (PoSM) procurement enables businesses to engage with the customers collectively and personally. The global market size was valued at USD 38.8 billion in 2023. Retailers and brands are procuring PoSM as an effective tool to make the most of customers' in-store experiences. They draw customers’ attention, offer product information, and influence impulsive purchases. Also, PoSM supports the businesses by offering a competitive edge by highlighting new arrivals, special deals, and product’s unique selling propositions (USPs) in light of the fierce rivalry in retail environments. In addition, the market is witnessing rising inclinaton towards interactive and customized display solutions. Furthermore, brands (business enterprises / retailers) are demonstrating a clear inclination towards environment-friendly solutions, which are in line with their sustainability objectives and are changing the demand for PoS materials.

Besides interactive kiosks and digital signage, technologies such as augmented reality (AR) and data-driven interactive kiosks are fuelling the market towards growth. Augmented reality (AR) supports retailers in successfully persuading store employees to position the merchandise more conveniently. It provides more chances to configure the offerings at the POS to maximize sales conditions. For instance, in FMCG, sales may more effectively and efficiently alter in-store circumstances with the use of augmented reality. Businesses claim to have increased sales of in-store merchandise, such as refrigerators and displays. It so aids in resolving the "last meter objection," which is the lack of a suitable area at the POS. In retail settings, interactive kiosks are frequently employed to give clients self-service alternatives. They can be used for things like pricing comparison, self-checkout, product information, and even virtual shopping.

North America region dominates the global landscape, followed by Asia-Pacific and Europe. Asia-Pacific is anticipated to witness the fastest rate of growth during the projected timeframe, owing to the rising expansion of retail store networks in the region. Manufacturers in the region are investing heavily in order to implement efficient marketing strategies which support the growth of the demand for the solutions offered in the industry. In addition, the adoption of PoSMs in many end-use industries is being further supported by the improvement in people's living standards and growing disposable incomes. Furthermore, the remarkably developed European market may be ascribed to the presence of well-known international providers in the region. Also, the widespread use of online POP management software in Europe is another factor propelling the industry.

Order your copy of the Point of Sale Materials (PoSM) Procurement Intelligence Report, 2024 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Key industries such as food & beverage, FMCG, retail, cosmetics, and personal care are showing a notable increase in the PoSM display, which is fueling the growth of the global market. Store formats such as convenience stores, supermarkets, and hypermarkets are witnessing expansion, particularly in the tier-two and tier-three cities of Latin America and Asia. In addition, retailers are investing more in the PoSM industry as they seize opportunities to grow into emerging regions. PDQ and on-shelf displays are becoming more and more popular as a means of grabbing customers' attention. This has increased the importance of these displays because they are an effective way to encourage walk-ins. Furthermore, they are looking to deploy more cutting-edge PoSM solutions that draw customers attention.

Point of Sale Materials (PoSM) Sourcing Intelligence Highlights 

• The global point of sale materials (PoSM) market is highly competitive, exhibiting a fragmented landscape with the presence of large number of regional and global players operating in the industry.

• Buyers in the industry possess high negotiating capability due to the intense competition among the suppliers, enabling them with flexibility to switch to a better alternative.

• China is the preferred best cost country for sourcing point of sale materials (PoSM).

• Raw materials, labor, technology, machinery and equipment, rent and utilities, and others are the major cost components in the point of sale materials (PoSM) industry. Other costs include maintenance and repair, certifications, administrative fees, tax, insurance, and interest on loans.

Point of Sale Materials (PoSM) - Key Suppliers

• Amitoje India

• DS Smith Plc

• HH Global Ltd.

• KSF Global Ltd

• One Plus Management Limited (Rising)

• RTC

• Simpson Group

• Smurfit Kappa Group

• Tokinomo Marketing S.R.L

• TPH Global Solutions

• Trion Industries, Inc.

• VKF Renzel GmbH

Browse through Grand View Research’s collection of procurement intelligence studies:

• HDPE Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Facilities Management Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Point of Sale Materials (PoSM) Procurement Intelligence Report Scope

• Growth Rate: CAGR of 6.27% from 2024 to 2030

• Pricing Growth Outlook: 5% - 10% increase (Annually)

• Pricing Models: Fixed pricing, Competition-based pricing

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Geographical service provision, industries served, years in service, employee strength, revenue generated, certifications, types of PoSM (soft / hard), technology integration, customization options, customer support, lead time, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model