There are about three million interactive [fully automated] kiosks for other types of services globally.
Other markets where interactive kiosks have a particularly large impact are:
• Entertainment (e.g. DVD rental, photo printing, movie ticket ordering)
• Retail (e.g. self-checkout, deli-counter ordering, product information)
• Travel (e.g. airport check-in, hotel check-in/check-out)
• Financial services (e.g. bill payment, coin exchange, check cashing)
• Healthcare (e.g. patient check-in, patient information, prescription refills)
• Municipal & government (e.g. train/bus ticketing, driver’s license renewal, tax payment)
• Information/other (e.g. wayfinding, information, human resources)
Coinstar estimates a $6.7 billion sweet spot for companies offering automated vending of food and beverages, compared with the next biggest market--entertainment, which already includes Redbox -- at $3.8 billion.
The self-service kiosk industry grew 24 percent globally in 2013, and it is projected to continue this growth trend for at least the next five years. Tim Cook, CEO of Apple, stated that he expects “2015 will be the year of Apple Pay.” Recently, Apple announced that over 200,000 new self-service machines, including parking meters, laundry machines, and vending machines, are now integrated with Apple Pay. Since launching in September, Apple Pay has already become the most popular mobile payment method available. Apple Pay continues to add financial institutions to its roster of integrated payment providers, and now is integrated by over 750 banks and credit unions.
Redbox has 44,000 kiosks. Redbox had a 38% stake in all movie rentals, including VOD. Overall, the prospects for the disc market are not bright. In a study this week, PwC estimated that physical home entertainment revenue will fall more than 28% from $12.2 billion last year to $8.7 billion in 2018. kiosks bring in more money for the studios per transaction than pay TV or streaming. Redbox does not depress sales of movies.
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Other markets where interactive kiosks have a particularly large impact are:
• Entertainment (e.g. DVD rental, photo printing, movie ticket ordering)
• Retail (e.g. self-checkout, deli-counter ordering, product information)
• Travel (e.g. airport check-in, hotel check-in/check-out)
• Financial services (e.g. bill payment, coin exchange, check cashing)
• Healthcare (e.g. patient check-in, patient information, prescription refills)
• Municipal & government (e.g. train/bus ticketing, driver’s license renewal, tax payment)
• Information/other (e.g. wayfinding, information, human resources)
Coinstar estimates a $6.7 billion sweet spot for companies offering automated vending of food and beverages, compared with the next biggest market--entertainment, which already includes Redbox -- at $3.8 billion.
The self-service kiosk industry grew 24 percent globally in 2013, and it is projected to continue this growth trend for at least the next five years. Tim Cook, CEO of Apple, stated that he expects “2015 will be the year of Apple Pay.” Recently, Apple announced that over 200,000 new self-service machines, including parking meters, laundry machines, and vending machines, are now integrated with Apple Pay. Since launching in September, Apple Pay has already become the most popular mobile payment method available. Apple Pay continues to add financial institutions to its roster of integrated payment providers, and now is integrated by over 750 banks and credit unions.
Redbox has 44,000 kiosks. Redbox had a 38% stake in all movie rentals, including VOD. Overall, the prospects for the disc market are not bright. In a study this week, PwC estimated that physical home entertainment revenue will fall more than 28% from $12.2 billion last year to $8.7 billion in 2018. kiosks bring in more money for the studios per transaction than pay TV or streaming. Redbox does not depress sales of movies.
Read more »
