Multivendor ATM Software Market Expected to Reach USD 6.23 Billion by 2026 | Top Players such as - Auriga SpA, Clydestone Group and Diebold Nixdorf

According to the report published by Allied Market Research, The Multivendor ATM Software Market Expected to Reach USD 6.23 Billion by 2026 | Top Players such as - Auriga SpA, Clydestone Group and Diebold Nixdorf. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Ongoing modernization of older ATM estates, increase in demand for modern ATM software and hardware, especially from financial sectors, and rise in awareness about benefits of multivendor ATM software have boosted the growth of the global multivendor ATM software market. However, limitations in terms of ATM management and complexity in working with ATM suppliers hamper the market growth. On the contrary, integration of new technologies such as QR codes, contactless payments, and touch screens are expected to create lucrative opportunities in the near future.

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The card payment segment is projected to manifest the fastest CAGR of 31.1% during the forecast period, owing to rise in adoption of multivendor ATM software among banks to remain compliant with EMV card payment standards. However, the cash/cheque dispenser segment dominated the market in 2018, contributing more than two-fifths of the global multivendor ATM software market.

The independent ATM deployer segment held the largest share in 2018, accounting for more than half of the global multivendor ATM software market, owing to rapid growth of nonbank ATM sector. Moreover, the segment is projected to register the fastest CAGR of 24.8% during the study period. The global multivendor ATM software market report includes analysis of the banks & financial institutions segment.

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Europe dominated the overall multivendor ATM software market share in 2018, as several major European banks are seriously studying 'thin client' ATM architecture, which is expected to see the traditional ATM replaced by a streamlined model. Owing to this, the processing power that currently resides on the terminal is moved to a central location, which is opportunistic for the market.

Some of the key market players profiled in the report include Auriga SpA, Clydestone Group, Diebold Nixdorf, Incorporated, GRGBanking, KAL, Nautilus Hyosung America Inc., NCR Corporation, Printec Group, and Vortex Engineering Pvt. Ltd., Incorporated.

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Key Findings of the Market:

● By component, the software segment dominated the multivendor ATM software market. However, the service segment is expected to exhibit significant growth during the forecast period.

● Based on function, the cash/cheque dispenser segment accounted for the highest revenue in 2018.

● Depending on end user, the independent ATM deployer generated the highest revenue in 2018. However, banks and financial institutions are expected to witness highest growth rate in the near future.

● Region wise, Asia-Pacific is expected to witness significant growth in the upcoming years.

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