Global Smart Finance Services Market Size study, by End-User (Bank & Financial Institutions, Independent ATM Deployer), and Regional Forecasts 2022-2028
Global Smart Finance Services Market is valued at approximately USD XXX Billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. IoT services, such as ATM maintenance of equipment installation, are part of smart banking services. Thus, increasing adoption of smart ATMs in the banking sector and rising innovative technologies in the ATMs are factors contributing to the market growth. For instance: According to World Bank data, there were 42.6 ATMs per 100,000 people around the world in 2019, and this figure is expected to grow to 51.6 ATMs per 100,000 in 2020. However, increasing number of cyberattacks on IoT-connected devices and ongoing COVID-19 pandemic impede the growth of the market over the forecast period of 2022-2028. Also, rising adoption of IoT services for ATMs and rising investments in the financial sector is likely to increase the growth of the market in the forecasting period.
The regional analysis of global Smart Finance Services market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation. North America is the leading region across the world in terms of market share owing to rising number of ATMs in the region. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Rising number of digital payments would create lucrative growth prospects for the Smart Finance Services market across Europe region.
Major market players included in this report are:
Virtusa Corp
IMS Evolve
BPC Group
Miles Technologies
Zicom SaaS Pvt. Ltd
WebNMS
GRGBanking
ESQ Business Services, Inc.
hIOTron
Dialog Axiata PLC
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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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 End Use:
Bank & Financial Institutions
Independent ATM Deployer
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
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019,2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Smart Finance Services Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Virtusa Corp
IMS Evolve
BPC Group
Miles Technologies
Zicom SaaS Pvt. Ltd
WebNMS
GRGBanking
ESQ Business Services, Inc.
hIOTron
Dialog Axiata PLC
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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