Global Multivendor ATM Software Market Size study & Forecast, by Function (Card Payment, Bill Payment, Cash/ Cheque Dispenser, Passbook Printer, Cash/Cheque Deposit, Others), Component (Service, Software), End User (Independent ATM Deployer, Bank and Fina

Global Multivendor ATM Software Market Size study & Forecast, by Function (Card Payment, Bill Payment, Cash/ Cheque Dispenser, Passbook Printer, Cash/Cheque Deposit, Others), Component (Service, Software), End User (Independent ATM Deployer, Bank and Financial Institutions) and Regional Analysis, 2022-2029

Global Multivendor ATM Software Market is valued at approximately USD 2.13 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 23.6% over the forecast period 2022-2029. Multivendor ATM software is a computer application intended for banks & credit unions. Multi-Vendor Software (MVS) facilitates and enables financial institutions to streamline their development and support operations without the need to maintain and enhance several numbers of remote delivery infrastructures for each new function or service they provide through their ATM network. Moreover, this solution offers centralization of ATM Channel Management through a single central command control which can be used to enhance the customer experience and deployment of the latest security measures across the ATM service delivery network. The growing adoption of ATMs for banking services and the rising expansion of the banking and financial services industry are key factors accelerating the Market growth.

The increasing preference towards Automated teller machine (ATMs) for seeking banking services is contributing towards the growth of the Global Multivendor ATM Software Market. For instance, according to Statista – in FY 2019, revenue from ATM transactions across India was estimated at USD 840 million, and this amount is projected to grow to USD 1090 million by FY 2024, and a further USD 1230 million by FY 2026. Moreover, the rising expansion of the banking and financial services industry is further driving market growth. For instance, as per Statista – as of 2022, revenue in US Banking, Finance & Insurance is estimated at USD 3.72 trillion, and the market is projected to grow at an annual growth rate of 2.47% between 2022 and 2025 to reach USD 4 trillion by end of 2025. Also, the growing integration of new technologies and an increase in the use of advanced analytics for predictive maintenance. However, the high cost of Multivendor ATM software and rising concern about cyber-attacks stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Multivendor ATM Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading software vendors and the increasing expansion of the banking sector in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising deployment of digital banking units, and increasing expansion of banking and financial services and the rising emergence of private banking players in the region.

Major market player included in this report are:
Vortex Engineering Pvt Limited
Diebold Nixdorf Incorporated
NCR Corporation
Auriga, SpA
Renovite Technologies Inc.
Clydestone (Ghana) Limited
Euronet Worldwide, Inc.
CashLink Global Systems Pvt. Ltd.
Voicecom
GRGBanking

Recent Developments in the Market:
 In March 2022, KAL a leader in ATM software KAL has announced the commencement of a new business and engineering office in Vietnam’s primary economic center - Ho Chi Minh City. With this new office, the company would serve banks and financial institutions with advanced ATM and self-service networks in the region.

Global Multivendor ATM Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Function, Component, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Function
Card Payment
Bill Payment
Cash/ Cheque Dispenser
Passbook Printer
Cash/Cheque Deposit
Others
By Component
Service
Software
By End User
Independent ATM Deployer
Bank and Financial Institutions

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Vortex Engineering Pvt Limited
Diebold Nixdorf Incorporated
NCR Corporation
Auriga, SpA
Renovite Technologies Inc.
Clydestone (Ghana) Limited
Euronet Worldwide, Inc.
CashLink Global Systems Pvt. Ltd.
Voicecom
GRGBanking

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions