COVID-19 Pandemic to Have a Profound Impact on the Growth of the Kiosk Printers Market

August 1, 2021

Kiosk printers refer to a type of device or system, which prints a receipt or voucher or an invoice of a particular transaction or purchase performed by a customer. Kiosk printers are either attached with other vending machines and other types of kiosks or they can be separate. Sometimes these printers are attached with the billing systems in order to reduce the complexity of connectivity.
The kiosk printers market has expanded steadily in the initial phase. The market has been expanding significantly due to the increase in awareness about advanced technology. Kiosk printers are also used in Automatic Teller Machines (ATMs). Currently, these have a wide range of applications in food restaurants, retail outlets, movie theatres, and railway stations. Kiosk printers enable an organization to manage its business more efficiently with less expenses.

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Increase in Need for Reduction in Labor Cost

It has been observed that the demand for boosting the revenue as well as reducing the cost has been increased in such a competitive environment by the companies. Adoption of technologies and systems in kiosk printers has allowed companies and outlets to increase their efficiency. Kiosk printers have eliminated the cost of labor to make the receipts and vouchers manually.
Furthermore, they have enabled feedback option through which an outlet can get to know what the customer actually needs the most.
Moreover, they have helped reduce costs and increase sales in organizations. These advantages are driving the demand for kiosk printers.

Threat of Cyber-attack

Advancements in technology have resulted in high threats of security breach and cyber-attacks in the kiosk printers. This may lead to loss of revenue and breach of personal information of customers such as names, payment details, and phone numbers.
Developers are adopting measures to tackle the issue of cyber-attacks. However, risks related to data breach by hackers are still very high.
This is likely to discourage owners of outlets from using kiosk printers.

Large-scale Adoption of Internet of Things (IOT) Platform

Adoption of the IoT platform has increased significantly across the globe. Rise in demand for smart devices and strong communication base has boosted the adoption of kiosk printers.
Governments of various countries are focusing on increasing the usage of smart systems and smart devices. The kiosk printers market has been expanding steadily since the last few years.
However, demand for kiosk printer is estimated to rise exponentially in the near future owing to the increase in adoption of the IoT technology.

Key Players Operating in Global Kiosk Printer Market: