Self-Service Kiosk Market to Reach Over $30 Billion

The self-service kiosk market is expected to reach over $30 billion by 2024, driven by the adoption of technology in the QSR and fast casual industries.

Read the original at 1851 Franchise
Self-Service Kiosk Market to Reach Over $30 Billion

TL;DR

The self-service kiosk market is expected to reach over $30 billion by 2024, driven by the adoption of technology in the QSR and fast casual industries. Brands such as McDonald's, Sonic, Taco Bell, and Subway have adopted or are adopting self-service kiosk technology.

According to an article on ResturauntDive , the self-service kiosk market is set to reach an astonishing $30 billion by 2024. The research comes from a report by Tillster , which surveyed over 2,000 QSR and fast casual customers.

Brands such as McDonalds, Panera and Sonic have adopted the tech-driven model as a way to save on labor costs, encourage menu browsing and offer shorter lines. Certain pilot tests have shown an increase in foot traffic and sales but the verdict is still out whether the technology will provide a worthwhile value.

Of course, the self-service kiosk technology is relatively new and still being developed. “The software that powers the technology will need to be user-friendly and bug-free if consumers are going to adopt the concept,” according to the article. “The system also has to integrate flawlessly with the restaurant and can't cause regular order traffic at the counter to get backlogged.”

Other companies such as Taco Bell and Subway are currently in the midst of revamping stores to include self-order kiosks, the former aiming to install the technology in all locations by the end of 2019.

In this story

This story was originally published in 1851 Franchise on July 18, 2019. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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