OYSTER BAY, N.Y. — According to a new report released by NextGen Research, global markets for financial kiosks and enhanced ATMs will grow at a compound annual rate of 9 percent, to include more than 186,000 financial kiosks and nearly 2.5 million ATMs by 2013.
Some key kiosk applications, according to NextGen, that are currently in use include:
- Self-service check-out in retail stores
- Photographic printing
- Self-check-in at airports, hotels and car-rental locations
- Bill payment in utilities, retail stores and bank lobbies
- DVD rentals
- Ticket issuance in transportation systems and movie theaters
- Municipal applications such as parking ticket payment, tax collection and vehicle registration renewals
- Voting and customer surveying
- Human resources and recruitment
- Prepaid cellular and prepaid card replenishment
In its new report, "Next Generation Financial Kiosks: No Bank, No Card, No Envelope Required," NextGen Research expects more than half all of the new financial kiosks and ATMs to be deployed in the United States.
"The factors driving growth in this sector include consumers' ever-increasing acceptance of ATMs; their growing comfort with the technology as ATMs grow increasingly ubiquitous; the declining cost of deploying an ATM; and the untapped potential of developing countries that will see soaring deployments," said Larry Fisher, research director of NextGen Research. "Coupling those factors with the changing dynamics of the consumer payment systems market, it's clear that kiosks and ATMs make good financial sense to both deployers and users."
The report takes a look at:
- Market drivers and inhibitors
- Detailed descriptions of self-service financial services applications and services
- An examination of the regulatory and business challenges within this market
- Profiles of leading- and cutting-edge financial kiosk manufacturers and deployers
