Self service industry continues to grow

North American consumers continue to embrace self-service technology, and transactions at automatic product dispensing machines will surpass $740 billion in 2010. Self-Service continues to grow, and clearly DVD kiosks are driving huge increases in the number of units in the market.

Information kiosks will soon give way to self service product dispensing centers, with many consumers already doing price comparison shopping and reading reviews while at the produce dispensing machine right now.

The rise of consumer mobile devices will have an positive effect on many new product dispensing machines within the next two years. It is foreseeable that transactions even in the retail environment could be scanned and transacted through the mobile device rather than a stationary self-checkout."

And in the travel business travelers have grown accustomed to self-service kiosks to check in at the airport, and now they want to do more themselves, according to a new survey. About 70 percent of travelers say they want automated security checks and boarding gates, up from less than 60 percent last year, according to SITA, a Swiss firm that sells technology and communications services to the airline industry.

The above trends bode very well for companies specializing in automated product dispensing machines, such as Corona-based AVT.