Global photo kiosk market expected to reach over $1.75 billion by 2019, says Technavio

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This market research report segments the global photo kiosk market by end users (retail stores, travel, healthcare, entertainment, and others) and by geography (APAC, EMEA, and the Americas). Key vendors analyzed in this market analysis are Costco, Rite Aid, Target, Walgreens, and Walmart.

Technavio’s market research analysts estimate the global photo kiosk market to grow at a CAGR of 9% between 2015 and 2019. Photo kiosks through their instant service, enable service providers to cater to high customer traffic without requiring a large support staff in stores or outlets. The Americas are expected to dominate the global market for photo kiosks followed by the EMEA and the APAC regions. The augmented demand for photo kiosks from industries like retail, entertainment, travel, and healthcare is expected to result in this region’s high market dominance during the forecast period.

The new market research report from Technavio provides a breakdown and analysis of the photo kiosks segments by technology.

New payment technologies such as RFID and NFC allow customers to carry out kiosk transactions through their mobile devices. The photo kiosks are equipped with contactless readers, through which they can identify users when they approach the machine. Also, through such ID technology, the consumer enters his or her personal identification number (PIN) into the kiosk once it detects the user’s device within its range. These payment methods are safe and secure to operate,” says Navin Rajendra, Lead Analyst, Media & Entertainment, Technavio Research

The retail industry is the largest revenue contributor to the market and will continue its dominance with more than 51% of the total market share by 2019. This segment’s high dominion of the market can be attributed to factors like its high footfall in locations like retail bookstores, electronic stores, grocery stores, and convenience stores.

The leading vendors in the global photo kiosk market include Costco, Rite Aid, Target, Walgreens, and Walmart. This market is highly competitive and contains numerous regional and global players. These vendors compete on the basis of machine interface and services offered to gain traction in the market.

A more detailed analysis is available in the Technavio report, Global Photo Kiosk Market – Market Analysis 2015-2019.

We can customize reports by other regions and specific segments upon request.

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