Financial Kiosks Will Top 2.6 Million Units Worldwide by 2013, According to NextGen Research

Tue Jan 27, 2009 10:06am EST
 
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OYSTER BAY, N.Y.--(Business Wire)--
In the more than three decades since their first trial, kiosks have been
installed enabled in airports, retail stores, state parks, banks and a multitude
of other physical locations. While the first kiosk was nothing more than an
electronic version of an information booth, kiosks now provide advanced
interactivity in multiple languages, offering a breadth of services. 

NextGen Research forecasts global markets for financial kiosks and enhanced ATMs
to grow at a compound annual rate of 9% to include more than 186,000 financial
kiosks and more than 2.4 million ATMs by 2013, more than half of them installed
in the United States. 

Not surprisingly, ATMs are the leading self-service technology within the
financial service kiosk sector. Next-generation ATMs capable of accepting
envelope-free cash and check deposits will drive the market for the next five
years and beyond. 

Larry Fisher, Research Director of NextGen Research, observes that, "The ATM
segment of the market will draw on enhanced capabilities in deposit automation
for much of its growth, as machines that can instantly verify checks will
rapidly replace older-generation ATMs. This will be especially true in the
United States, where the market is saturated with outdated equipment." 

In the new report "Next Generation Financial Kiosks: No Bank, No Card, No
Envelope Required"
(www.NextGenResearch.com/research/1001994-Next_Generation_Financial_Kiosks),
NextGen Research has identified self-service kiosks as a cutting-edge technology
within financial services. 

NextGen Research found the following as driving applications in financial kiosk
deployment:

* Bill payment: whether in a bank lobby, cellular phone retail store or
municipal building, bill payment is a kiosk leading application 
* Coin conversion: kiosks that allow consumers to instantly exchange coins in
bulk amounts for cash or cash vouchers 
* Teller-assisted kiosks: technology that enables tellers and other bank branch
staff to assist multiple customers simultaneously 
* Envelope-free ATMs will allow "unbanked," "underbanked" and "cash preferred"
consumers to access services including domestic or international money transfer,
check cashing, prepaid wireless phone top-ups and other prepaid card
dispensing.

The "Next Generation Financial Kiosk" report provides details on the market and
its outlook, including:

* 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.

NextGen Research is the emerging technology arm of ABI Research
(www.ABIResearch.com). NextGen Research informs clients of the outlook for
applications currently in use and the opportunities presented by new
technologies, so they can make sound business decisions. For more information,
please visit www.NextGenResearch.com, or call +1.516.624.2526. 





NextGen Research
Larry Fisher, 516-624-2526
Fisher@NextGenResearch.com



Copyright Business Wire 2009

 

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