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Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Growth Analysis, Demand, Challenges, Business Overview And Upcoming Trends || Loomis AB, NCR Corporation, Oki Electric Industry Co. Ltd., Diebold Nixdorf Incorporated
Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market
The Business Research Company's Banking Hardware Maintenance, Software Support And Helpdesk Support Services Global Market Report 2023 identifies the increased requirement for banking services as the major driver for the banking hardware maintenance, software support and helpdesk support services market's growth in the forecast period. Banks provide helpdesk services for a number of banking services, including ATMs, cash deposit machines, banking kiosks, digital signage systems in banks and others. For instance, according to the WorldBank report, in 2021, in comparison to 68% in 2017 and 51% in 2011, 76% of adults worldwide now have accounts with banks, other financial institutions, or mobile money providers and use banking services.
The global banking hardware maintenance, software support and helpdesk support services market size is expected to grow from $10.73 billion in 2022 to $11.73 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The banking hardware maintenance, software support and helpdesk support services market size is expected to grow to $16.55 billion in 2027 at a CAGR of 9.0%.
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Major competitors in the banking hardware maintenance, software support and helpdesk support services market are Loomis AB, NCR Corporation, Oki Electric Industry Co. Ltd., Diebold Nixdorf Incorporated, Glory Global Solutions (International) Limited, Automatia Pankkiautomaatit Oy, Hitachi Payment Services Pvt. Ltd., CashLink Global Systems Pvt. Ltd.
A key trend in the banking hardware maintenance, software support and helpdesk support services market includes technological advancements. Major companies operating in the market are developing innovative and advanced technology such as voice banking, augmented reality banking, artificial intelligence, robotic process automation and others to sustain their position in the market. For instance, in September 2020, HSBC, a UK-based banking and financial services organisation, launched iCash, based on artificial intelligence (AI). The iCash AI technology has saved $1 million by reducing third-party-performed ATM refills by 15%. The new iCash tool uses artificial intelligence to provide data-driven forecasting of cash withdrawals, allowing the company to more precisely and effectively plan deliveries to restock automated teller machines (ATMs).
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The Banking Hardware Maintenance, Software Support And Helpdesk Support Services market is segmented -
• By Components: Hardware, Software
• By Application: Currency Sorters, Detectors And Counters, Banking Kiosk, End User Devices, Peripherals
• By Type: ATM - Maintenance Service Costs, ATM - Operational Support Service Costs, Digital Signage Systems, Queue Management System
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the banking hardware maintenance, software support and helpdesk support services market.
The Business Research Company's "Global Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Include:
1. Executive Summary
2. Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Characteristics
3. Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Trends And Strategies
4. Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market - Macro Economic Scenario
5. Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Size And Growth
……………
27. Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market
29. Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Future Outlook And Potential Analysis
30. Appendix
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