According to IMARC Group’s latest report, titled “Multivendor ATM Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global multivendor ATM software market exhibited strong growth during 2015-2020. Multivendor automated teller machine (ATM) software is an electronic banking solution used by multiple financial institutions to conduct operations through a single machine. It is used for processing cash and cheque deposits, passbook printing, bill payments and cash dispensing. Multivendor ATM software enables the financial institutions to centralize their ATM channel management and aid in enhancing the overall customer experience, streamlining updates and providing a consistent user interface to the user. It offers easy maintenance and enhanced cost-effectiveness, stability, reliability and efficiency. It is widely used by independent ATM deployers, banks and financial institutions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The multivendor ATM software market is primarily being driven by the rising demand automated banking solutions to enhance security and modernize customer identification and authentication. Moreover, various technological advancements, such as the utilization of QR codes, touchscreens and contactless payments solutions, that provide simple, faster, secure and cost-effective transactional setups, are providing a thrust to the market growth. Other factors, including the widespread adoption of self-service ATM software, along with significant growth in the banking, financial services and insurance (BFSI) industry, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during (2021-2026).
Competitive Landscape with Key Players:
- Auriga SpA
- Clydestone Limited
- CashLink Global Systems Pvt. Ltd.
- Diebold Nixdorf Incorporated
- GRG Banking
- Guangzhou Radio Group
- KAL ATM Software GmbH
- Hyosung Corporation
- NCR Corporation
- Printec Group
- Renovite Technologies Inc
- Vortex Engineering Pvt. Ltd
Market Segmentation:
Breakup by Component:
- Software
- Service
Breakup by Function:
- Bill Payment
- Card Payment
- Cash/Cheque Dispenser
- Cash/Cheque Deposit
- Passbook Printer
- Others
Breakup by End User:
- Banks and Financial Institutions
- Independent ATM Deployer
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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