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Global Multivendor ATM Software Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 141 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5912193

Quick Summary:

In a rapidly evolving financial landscape, the multivendor ATM software market stands as a pillar of innovation and efficiency for banking and financial institutions. Understanding the intricacies of this market is essential for leaders who aim to enhance their ATM network's performance, security, and user experience. Delve into an in-depth market research report that articulates the nuances driving the adoption of multivendor ATM software and the opportunities it presents.

This comprehensive report details the pivotal role of multivendor ATM software in modernizing banking services, providing cost-effective solutions, and facilitating advanced banking functions. Gain insights into the trends propelling the market forward, including the centralization of ATM channel management and the integration with wider banking systems. With segmented analysis across components, functions, and end-user applications, make an informed decision to help your institution remain competitive and responsive to consumer needs and industry developments.

The global multivendor ATM software market size reached US$ 2.5 Billion in 2022. Looking forward, the market is expected to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 22.38% during 2022-2028.

Multivendor ATM software enables banks to manage their ATM networks to reduce costs, increase functionality, and improve competitiveness. It assists in carrying out advanced banking functions, including cash dispensing and recycling, transaction preferences, and targeted marketing. It facilitates the generation of significant cost savings on implementation, testing, certification, and maintenance of ATM hardware and software changes. Besides this, it provides flexibility for implementing changes in response to market drivers and regulations. It also offers streamlined maintenance and updates and a consistent user interface using a single software platform. As a result, financial institutions around the world are adopting multivendor ATM software to modernize the ATM user interface and cater to a better customer experience as per ongoing standards and demands.

Multivendor ATM Software Market Trends

With the expanding utilization of banking services, financial institutions are focusing on centralizing their ATM channel management to a single command control that can enhance network security. This represents one of the major factors driving the adoption of multivendor ATM software worldwide. It aids in easy maintenance and can quickly scale up functionality at a lower cost. Moreover, due to increasing consumer demands, security concerns, and industry regulations, vendors are offering flexible solutions and options that support speed-to-market with advanced features and services. This helps banks in adding and deploying new features easily and faster to enhance their competitive position and meet customer requirements, which, in turn, is positively influencing the market. Apart from this, multivendor environments offer the advantages of improved security and simplified back-end integration for customer relationship management, teller terminals, and bank systems, which are offering lucrative growth opportunities to market players.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global multivendor ATM software market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on component, function and end user.

Breakup by Component:

  • Software
  • Service

Breakup by Function:

  • Bill Payment
  • Card Payment
  • Cash/Cheque Dispenser
  • Cash/Cheque Deposit
  • Passbook Printer

Breakup by End User:

  • Banks and Financial Institutions
  • Independent ATM Deployer

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Worldline.

Key Questions Answered in This Report:

  • How has the global multivendor atm software market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global multivendor atm software market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the function?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global multivendor atm software market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Multivendor ATM Software Market

What is the estimated value of the Global Multivendor ATM Software Market?

The Global Multivendor ATM Software Market was estimated to be valued at $2.5 Billion in 2022.

What is the growth rate of the Global Multivendor ATM Software Market?

The growth rate of the Global Multivendor ATM Software Market is 22.4%, with an estimated value of $8.4 Billion by 2028.

What is the forecasted size of the Global Multivendor ATM Software Market?

The Global Multivendor ATM Software Market is estimated to be worth $8.4 Billion by 2028.

Who are the key companies in the Global Multivendor ATM Software Market?

Key companies in the Global Multivendor ATM Software Market include Altana AG, CHT Germany GmbH, Dymax Corporation, Henkel AG & Co. KGaA, Hernon Manufacturing Inc, Master Bond Inc., MG Chemicals, Novagard Solutions, Parker and Hannifin Corp..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Multivendor ATM Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Function
7.1 Bill Payment
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Card Payment
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cash/Cheque Dispenser
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Cash/Cheque Deposit
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Passbook Printer
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End User
8.1 Banks and Financial Institutions
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Independent ATM Deployer
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Auriga SpA Company Overview Product Portfolio
14.3.2 Clydestone Limited Company Overview Product Portfolio Financials
14.3.3 CashLink Global Systems Private Limited Company Overview Product Portfolio
14.3.4 Diebold Nixdorf Incorporated Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 GRG Banking (Guangzhou Radio Group) Company Overview Product Portfolio Financials
14.3.6 KAL ATM Software GmbH Company Overview Product Portfolio
14.3.7 Hyosung Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.8 NCR Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 Printec Group Company Overview Product Portfolio
14.3.10 Renovite Technologies Inc Company Overview Product Portfolio
14.3.11 Vortex Engineering Pvt. Ltd. Company Overview Product Portfolio
14.3.12 Worldline Company Overview Product Portfolio Financials

Companies Mentioned

  • 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.
  • Worldline