The self-service market was valued at USD 28.01 billion in 2019 and is expected to reach USD 68.01 billion by the end of 2025, registering a CAGR of 16.43% during the forecast period (2020-2025).
Many industries in emerging economies are struggling to attract customers and hold the existing consumers for the product or service. Retail Market is one of the major industry facing the challenge of consumer requirement. Users in these economies prefer stores that not only provide an easy and hassle-free shopping experience but also offer better quality. Thus, various industries are investing in self-check kiosks and POS systems, which enable a faster shopping experience with easy access to information about the availability of the products.
The Vending machine system is also another major segment in the Self Service market. These are widely used in retail stores or big scale enterprises wherein the system is used for dispensing food or beverages or any other product suitable to the system. Vending machines are expected to witness a wider implementation, owing to various countries such as Thailand, Singapore, Malaysia among others with a high tourism rate.