Press release
Bank Kiosk Market Rising Globally at a CAGR of 27.54% with New Innovation, Technology and Research 2020 to 2025
Both primary and secondary research has been carried out to arrive at the desired outcome. The primary research included feedback, opinion, and suggestion provided by the people and organization residing in the key markets as identified the industry experts
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The Bank Kiosk Market was valued at USD 315 million at a CAGR of 27.54 % over the forecast period of 2020 - 2025.
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Top Kay Players are: NCR Corporation,Diebold Inc., Glory Limited, KIOSK Information Systems, Nautilus Hyosung Corporation, GRG Banking, Korala Associates Limited (Kal Atm Software), Hitachi-Omron Terminal Solutions Corp., among others.
Recent Development:
- July 2019 - NCR Corporation, a technology leader for the financial industry, has acquired D3 Technology, Inc., a leading provider of online and mobile banking for the Large Financial Institution (LFI) market. Adding D3 expands NCR Digital Banking into new market segments, including U.S. large banks and over time, international banks.
- June 2019 - Diebold Nixdorf, a global leader in driving connected commerce for the banking and retail industries, unveiled the DN Series, a family of self-service solutions designed to anticipate the needs of a progressively transforming industry. Leading banking brands, including Fifth Third Bank and BNL Gruppo BNP Paribas, are among the 18 financial institutions in 13 countries already piloting the DN Series.
The bank kiosk market growth can be attributed to several factors such as the rising demand for self-service in several security-related applications in financial sectors, enhanced customer services offered by interactive kiosks, reduction in the overall operational costs, and increased adoption in various developing countries such as India, China, and Japan, among others.
Asia-Pacific to Have Fastest Growth Rate in Bank Kiosk Market
- Asia-Pacific is expected to be the fastest-growing market during the forecasted period. The governments in the Asia-Pacific region are taking efforts to enhance the development of the Fintech industry and provide innovative banking solutions. The main aim behind the increased adoption of Fintech solutions is to attract international innovators in the market and take banking to the next level.
- Further, the deployment of self- service kiosks is also increasing especially for the population which prefers banking through interactive kiosks to traditional banking. The market for self-service kiosks in the Asia-Pacific region is in the growth stage.
- Moreover in emerging countries like India, major banks such as SBI, PNB, Bank of Baroda, among others are offering kiosk banking for the convenience of the customers.
- For instance, Oxigen made a foray into the much needed financial inclusion sector with India's largest bank, State Bank of India(SBI) in 2011. Through this partnership, Oxigen delivers mainstream financial services to the bank-excluded masses of India using remote biometric-enabled technology for kiosk banking.
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Influence of the Bank Kiosk market report:
-Comprehensive assessment of all opportunities and risk in the Bank Kiosk market.
-Bank Kiosk market recent innovations and major events.
-Detailed study of business strategies for growth of the Bank Kiosk market-leading players.
-Conclusive study about the growth plot of Bank Kiosk market for forthcoming years.
-In-depth understanding of Bank Kiosk market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Bank Kiosk market.
This research report represents a 360-degree overview of the competitive landscape of the Global Bank Kiosk Market. Furthermore, it offers massive data relating to recent trends, technological advancements, tools, and methodologies. The research report analyzes the Global Bank Kiosk Market in a detailed and concise manner for better insights into the businesses. Finally, the researchers throw light on different ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Bank Kiosk Market. The feasibility of the new report is also measured in this research report.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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