Bank Kiosk Market worth USD 51.3 billion in 2032 | Diebold, Inc., Glory Limited, GRG Banking

A bank kiosk is a small, self-service station that offers basic banking services. Customers can use a bank kiosk to withdraw cash, make deposits, and transfer money. Some bank kiosks also allow customers to pay bills and check their account balances.

The Bank Kiosk Market size was USD 16.2 Billion in 2022 and is anticipated to reach USD 51.3 Billion in 2032, growing at a rate of 12.0% from 2023 to 2032.

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Key Trends

There are several key trends in bank kiosk technology. One is the trend toward more user-friendly interfaces. This means that the kiosks are becoming more intuitive and easier to use.

Another trend is the increasing use of biometrics. This means that the kiosks are using fingerprint scanners and other biometric devices to authenticate users.

Another trend is the use of cloud-based services. This means that the kiosks are connecting to cloud-based services to provide users with more functionality.

Key Drivers

Some of the key drivers of the bank kiosk market are mentioned below:

-Increase in the number of self-service transactions: There has been a significant increase in the number of self-service transactions in the banking sector in recent years. This is due to the fact that self-service transactions are more convenient and faster than traditional transactions.

-Rise in the adoption of smart devices: There has been a significant rise in the adoption of smart devices, such as smartphones and tablets, in recent years. This is due to the fact that these devices offer a number of advantages, such as portability, connectivity, and accessibility.

-Increase in the number of branches: There has been a significant increase in the number of bank branches in recent years. This is due to the fact that banks are looking to expand their reach and tap into new markets.

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-Rise in the number of ATMs: There has been a significant rise in the number of automated teller machines (ATMs) in recent years. This is due to the fact that ATMs offer a number of advantages, such as 24-hour availability, convenience, and security.

Market Segmentation

The global bank kiosk market is segmented on the basis of type, component and region. Based on the type, the market is segmented into single-function kiosk, multi-function kiosk, and virtual/video teller machine. On the basis of the component, the bank kiosk market is classified into hardware, software, and services. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The bank kiosk market key players are Auriga SPA, Cisco Systems, Inc., Diebold, Inc., Glory Limited, GRG Banking, Hitachi-Omron Terminal Solutions, Corp., Korala Associates Limited, NCR Corporation, OKI Electric Industry Co., Ltd., and Wavetec.

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