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Barrier Free and Accessible Kiosk Market was valued at USD 2,160.56 million in 2020 and expected to reach USD 3,733.18 million by 2026
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Market Overview:
According to Market Report Hub published on global barrier free kiosk market was valued at USD 2,160.56 million in 2020 and expected to reach USD 3,733.18 million by 2026 and grow at a CAGR of 11.5% over the forecast period (2021 - 2027). The factors such as enhanced shopping experience for customers, lower investment costs than traditional outlets, enhanced applications other than conventional ones, and innovations in touch screen display and glass technology drive the demand for global barrier free kiosk market.
Growing demands for ATM in the country is a key driver for the market as consumers in this region are increasingly preferring interactive and touch screen ATMs. Technological advancements have enabled ATMs to be equipped with speech capability for the visually impaired. In addition, the number of ATMs equipped with the central bank’s PBOC 2.0 standard chip card readers is growing, as is the number of EMV-compliant terminals. This preference is set to boost the growth of the global barrier free kiosk market.
Moreover, growing tourism worldwide is growing the target market as many retailers and other service providers, in places with high concentration of tourists, are increasingly employing kiosk systems, which eliminates the communication and information barrier for the tourist and provide easy services for tourists giving the real time updates.
North America is expected to hold the largest size of the barrier free kiosk market during the forecast period owing to the strong economic conditions and high customer adoption rates. This region holds the largest market size due to the high demand from the retail, entertainment, travel, finance, and healthcare industries. The increasing focus of the retailers on enhancing the levels of customer satisfaction is likely to further boost the investments in barrier free kiosks, driving the market growth of the market in this region.
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