Self Service Technology Market Projected to Report a CAGR of 15.6% between 2016 and 2022
The global self service technology market registered an estimated revenue of $15,939.5 million in 2015, and is expected to reach $42,302.9 million by 2022, growing at a CAGR of 15.6%, during the forecast period. The companies operating in this market are offering convenient services to consumers in order to save their time for different routine activities including cash and cashless transactions, retrieving information and buying consumables. Vending Machine, ATM and Kiosk are the three types of end products available in self-service technology market. In 2015, ATM is estimated to dominate the global self-service technology market in terms of the revenue. The segment is expected to maintain its dominance throughout the forecast period. Technological advancements, improvement in wireless communication networks and increasing demand of automated devices are some of the prominent factors driving the adoption of self-service technology worldwide. However, hacking of perso...