Press release
Banking Hardware Maintenance Support & Services Market Size, Revenue, Future Opportunities, and Forecast Analysis 2032: SPER Market Research
Due to many lockdown and quarantine restrictions enforced globally during the Covid-19 pandemic, a number of companies and organizations were forced to temporarily cease operations. The banking sector, however, was still active, which increased the need for maintenance services at the branches, preserving staff health and safety, and preventing viruses from entering the institutions. For instance, BS/2, a provider of maintenance services, continued to offer full maintenance support for banking equipment even as quarantine regulations were being implemented.
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Banking Hardware Maintenance Support Market Overview:
Forecast CAGR (2022-2032): 8.33%.
Forecast Market Size (2032): 25.08 billion.
Impact of COVID-19 on the Global Banking Hardware Maintenance Market:
The COVID-19 outbreak had a significant impact on the banking hardware repair, software support, and helpdesk support services markets as several companies were compelled to temporarily halt operations as a result of the lockdown and quarantine measures enforced. Because the banking industry was still functioning, maintenance services at the branches were still required to safeguard the health and safety of employees and prevent viruses from infiltrating the banks. For instance, BS/2, a maintenance service provider, offered full maintenance service for banking equipment even when quarantine laws were put into place.
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Banking Hardware Maintenance Support & Services Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Service Type:
ATM - Maintenance Service Costs
ATM - Operational Support Service Costs
Banking Kiosk
Currency Sorters
Detectors and Counters
By Component:
Hardware
Software
By Region:
Asia-Pacific
Europe
Middle East
Africa
North America
Latin America
The Global Banking Hardware Maintenance Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World based on geography. Due to the increasing implementation of self-service technology by various banks and financial service companies to increase their market presence, the Asia-Pacific region is predicted to see a substantial growth rate over the forecast period.
Banking Hardware Maintenance Support & Services Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Cardtronics, CashLink Global Systems Pvt. Ltd., Diebold Nixdorf Incorporated, Glory Global Solutions Limited, Hitachi Ltd., Loomis AB, NCR Corporation, Oki Electric Industry Co. Ltd.
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