Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 28.5 Billion | USD 80.9 Billion | 12.3% | 2023 |
The global smart city kiosk deployment market size was worth around USD 28.5 billion in 2023 and is predicted to grow to around USD 80.9 billion by 2032 with a compound annual growth rate (CAGR) of roughly 12.3% between 2024 and 2032.
A "Smart City Kiosk Deployment" is the process of placing interactive digital kiosks strategically throughout urban areas to give residents and tourists access to real-time information, services, and connectivity. These kiosks usually include features like wayfinding, updates on public transportation, listings of local events, emergency alerts, and even digital transactions, all of which are intended to improve the urban experience and contribute to a "smart city" environment.
The growing uptake of smart city projects is responsible for the market expansion. Governments from all over the world are funding smart city initiatives to enhance municipal infrastructure and citizen services. Kiosks in smart cities are essential for information sharing, feedback collection, and acting as entry points to e-governance services.
Growing investment in smart cities drives market growth
With the help of digital signs and AI assistants, interactive kiosks are quickly becoming a necessary component of public spaces and a variety of industries in the market. These self-service kiosks provide many advantages, such as shorter wait times, more productivity, and better client satisfaction. Interactive kiosks are being adopted in businesses, airports, healthcare facilities, hotels, and retail banking due to developments in transaction technology.
Interactive kiosks are used for automated check-ins, retail stores, and gift registries in the retail industry. They enable transaction technologies at ATMs, pay-per-use services in cybercafés, and self-service kiosks for airport check-ins in industries like travel. Thus, the growing investment in smart cities drives the smart city kiosk deployment market.
High initial investment hinders market growth
One major market constraint for the expansion of the smart city kiosk deployment industry is the hefty initial expenditure needed to implement smart city kiosks. Infrastructure, technology, installation, and ongoing operating costs are all included in this price, which might be difficult for both private investors and municipalities to afford. The initial expenses are raised by expensive touchscreens, sensors, cameras, AI integration, and networking modules.
Furthermore, significant investment is needed for cloud storage, cybersecurity, AI-based analytics, and custom applications. Additionally, more funding might be needed to comply with accessibility guidelines and data privacy rules.
Rising demand for improved public services offers a lucrative opportunity for market growth
The smart city kiosk deployment market is projected to boost as smart cities focus on technology-based improvements for public services and safety. This involves implementing emergency response automation, smart surveillance systems, and enhanced healthcare services.
For instance, Matterport, one of the leading computer vision platform startups, partnered with Arcadus in February 2024 to create the Matterport digital twin platform, which will benefit the US public sector and better manage Arcadus' assets. BT also announced a new NB-IoT network in the UK in February 2024 to serve logistics, utilities, and construction in the smart city arena. Aside from that, increasing security worries among government agencies are strengthening the smart cities industry.
For instance, in June 2024, the Chief Minister of Sindh inaugurated the Sindh Smart Surveillance System (S4), which will provide complete security services for all main exit and entry points and connect all major cities in the province.
Data privacy and security concerns pose a major challenge to market expansion
Smart city kiosk deployment raises serious data privacy and security issues that should be resolved to maintain public confidence and legal compliance. Several kinds of personal data, such as location information, usage trends, and potentially identifiable facts, are frequently collected by smart kiosks. This raises questions about possible data misuse and illegal monitoring.
Additionally, the attack surface for cyber threats is increased by the integration of many devices and sensors in kiosks. Sensitive information may be compromised by unauthorized access or data breaches, which could result in privacy violations. Thus, the data privacy and security concerns hamper the smart city kiosk deployment market expansion.
Report Attributes | Report Details |
---|---|
Report Name | Smart City Kiosk Deployment Market |
Market Size in 2023 | USD 28.5 Billion |
Market Forecast in 2032 | USD 80.9 Billion |
Growth Rate | CAGR of 12.3% |
Number of Pages | 216 |
Key Companies Covered | CIVIQ Smartscapes LLC, Smart City Media, smartLINK, Soofa Inc., Intel Corporation, Ferrograph Ltd., Verizon Communications Inc., Smart City Holdings LLC, OLEA Kiosks Inc., Peerless A.V., and others. |
Segments Covered | By Component, By Application, By Deployment Type, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global smart city kiosk deployment industry is segmented based on component, application, deployment type, end-user, and region.
Based on the component, the global smart city kiosk deployment market is bifurcated into hardware, software, and services. The software segment is expected to hold the largest market share over the forecast period. The software component of smart city kiosks is critical to providing dynamic and user-friendly experiences. This comprises apps for navigation, public information distribution, service requests, and integration with other smart city systems. The growing need for innovative software solutions that enable the development of kiosks for smart cities is propelling the market forward.
Based on the application, the global smart city kiosk deployment industry is segmented into information and wayfinding, public safety, communication, advertising, and others. The information and wayfinding segment is expected to dominate the market over the forecast period. This increase is due to the growing adoption of smart city projects aiming at enhancing urban living through technology. Kiosks with information and wayfinding capabilities play an important part in these programs, increasing public engagement and facilitating access to city services.
Based on the deployment type, the global smart city kiosk deployment market is segmented into standalone and networked. The standalone segment is expected to capture the largest market share during the forecast period. This expansion is driven by the increased acceptance of smart city programs aiming to improve urban living through technology. Standalone kiosks play an important part in these projects because they make public services more accessible.
Based on the end-user, the global smart city kiosk deployment market is segmented into government, transportation, retail, healthcare, and others. The transportation segment is expected to dominate the market over the analysis period. In the transportation sector, these kiosks play a pivotal role by providing real-time transit information, ticketing services, wayfinding assistance, and others. These applications drive the segmental expansion.
Asia Pacific dominates the market over the projected period
The Asia Pacific is expected to dominate the global smart city kiosk deployment market during the forecast period. Investment in smart city initiatives is rapidly increasing and serves as the key development driver for the Asia Pacific smart cities industry. In August 2023, NEC Corporation India announced a Smart City project in Tirupati, India.
Under this effort, NEC Corporation India will implement ICT solutions throughout the city while also constructing a City Operations Center (COC) to improve urban administration. The project also comprises an integrated command and control center, an integrated service framework, real-time data collecting, two-way communication, and improved environmental and public safety response. Government support is also essential in the creation of smart cities.
According to the IBEF, the Indian government has committed INR 2,400 crore (USD 19.67 billion) for the Smart Cities Mission as part of the Union Budget 2024-25. This financing demonstrates the region's commitment to leveraging digital technology to improve urban development, efficiency, and citizen quality of life, hence supporting market growth.
The global smart city kiosk deployment market is dominated by players like:
The global smart city kiosk deployment market is segmented as follows:
By Component
By Application
By Deployment Type
By End-User
By Region
FrequentlyAsked Questions
A "Smart City Kiosk Deployment" is the process of placing interactive digital kiosks strategically throughout urban areas to give residents and tourists access to real-time information, services, and connectivity.
The smart city kiosk deployment market is driven by the increasing number of smart city projects across the globe, technological advancements, increasing innovation in product launches, and others.
According to the report, the global smart city kiosk deployment market size was worth around USD 28.5 billion in 2023 and is predicted to grow to around USD 80.9 billion by 2032.
The global smart city kiosk deployment market is expected to grow at a CAGR of 12.3% during the forecast period.
The global smart city kiosk deployment market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to fast urbanization and increasing government initiatives.
The global smart city kiosk deployment market is dominated by players like CIVIQ Smartscapes LLC, Smart City Media, smartLINK, Soofa Inc., Intel Corporation, Ferrograph Ltd., Verizon Communications Inc., Smart City Holdings LLC, OLEA Kiosks Inc. and Peerless A.V. among others.
The smart city kiosk deployment market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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