Bank Kiosk Market By Component (Hardware, Software, Services), By Type (Single Function Kiosk, Multi Function Kiosk, Virtual Video Teller Machine), By Type (Rural, Semi Urban, Urban, Metropolitan): Global Opportunity Analysis and Industry Forecast, 2021-2031
Bank kiosk is a type of machine used to ensure enhanced reach and greater accessibility of banking services to customers. A kiosk is set up in remote areas to provide banking services in these areas. In addition, kiosk can also be defined as small booth that have internet connections established in villages with personnel to help customers avail basic bank services. Most of the mainstream banks in all sectors, private, public, and cooperative have opened kiosks for people. Services provided are usually withdrawal, deposit, and remittances.
Rise in demand for self-service in banking & financial services, and enhanced customer services offered by bank kiosks propels the market growth. In addition, reduction in overall operational cost boosts growth of the bank kiosk market. However, increase in use of mobile devices for banking services and the need for high installation costs and regular maintenance limit growth of the market. Conversely, increase in investments by companies in Asia-Pacific is anticipated to provide several opportunities for the market expansion during the forecast period.
The global bank kiosk market is segmented on the basis of component, distribution, type, and region. Depending on component, the market is divided into hardware, software, and services. By type, it is categorized into single-function kiosk, multi-function kiosk, and virtual/video teller machine (VTM). By distribution, it is segmented into rural, urban, semi-urban, and metropolitan. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players such as Auriga Spa, Cisco Systems, Inc., Diebold Nixdorf, Incorporated, Glory Ltd., GRGBanking, Hitachi Channel Solutions, Corp., Kal Atm Software GmbH, NCR Corporation, Oki Electric Industry Co., Ltd., and Star Micronics co., Ltd. dominate the global bank kiosk market. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bank kiosk market analysis from 2021 to 2031 to identify the prevailing bank kiosk market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the bank kiosk market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global bank kiosk market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Hardware
Software
Services
By Type
Single Function Kiosk
Multi Function Kiosk
Virtual Video Teller Machine
By Distribution
Rural
Semi Urban
Urban
Metropolitan
By Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Auriga Spa
Cisco Systems, Inc.
Diebold Nixdorf, Incorporated
Glory Ltd.
GRGBanking
Hitachi Channel Solutions, Corp.
KAL ATM Software GmbH
NCR Corporation
Oki Electric Industry Co., Ltd.
STAR MICRONICS CO., LTD.
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