Innovation

Self-service market will reach $63B by 2027

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May 18, 2023

The global self-service market will grow from $40.3 billion in 2022 to $63 billion by 2027, according to data from ResearchandMarkets.com. It will boast a compound annual growth rate of 9.4%.

The self-service industry includes ATMs, vending machines and kiosks. A reduction of price in kiosks have led to a boom in the market, according to a press release.

In addition, the growth of smart cities is pushing demand for self-service technology.