Self Service Technology Market Driving Due to Include Better Resource Utilization, Improved Disaster Recovery Capabilities
The global self-service technology market registered an estimated revenue of $15,939.5 million in 2015, and is expected to reach $42,302.9 million by 2022, growing at a CAGR of 15.6%, during the forecast period. Self-service technologies are interfaces which allow the consumers to avail various services independent of service employee involvement. Customers prefer to use these technologies as they require fast service and hassle free transactions. The demand for self-service machines and automated devices, wireless communication, technology advancements and remote management are some of the notable factors driving the self-service technology market. Increase in security threats, such as card skimming and information hacking, is one of the major restraining factors for the market growth.
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