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Banking Hardware Maintenance, Software Support And Helpdesk Support Services Global Market 2024 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2033
Banking Hardware Maintenance, Software Support And Helpdesk Support Services Global Market
Banking Hardware Maintenance, Software Support And Helpdesk Support Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $29.46 billion In 2028 At A CAGR Of 8.4% :
The banking hardware maintenance, software support and helpdesk support services market size has grown strongly in recent years. It will grow from $11.66 billion in 2023 to $12.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increased complexity of banking systems, regulatory compliance requirements, rise of digital banking, data privacy concerns, customer expectations for seamless services, atm network expansion, globalization of banking operations.
The banking hardware maintenance, software support and helpdesk support services market size is expected to see strong growth in the next few years. It will grow to $18.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to real-time payment systems, remote workforce support, shift to open banking, digital transformation initiatives, resilience planning. Major trends in the forecast period include cloud adoption, focus on cybersecurity, ai and automation in helpdesk services, predictive maintenance, outsourcing of support services, data analytics for performance optimization, continuous training and skill development, scalability and flexibility.
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Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Major Segments
The banking hardware maintenance, software support and helpdesk support services market covered in this report is segmented -
1) By Components: Hardware, Software
2) By Type: ATM - Maintenance Service Costs, ATM - Operational Support Service Costs, Digital Signage Systems, Queue Management System
3) By Application: Currency Sorters, Detectors And Counters, Banking Kiosk, End User Devices, Peripherals
Key Driver - Growing Financial Services Demand Driving The Expansion Of Banking Hardware Maintenance, Software Support, And Helpdesk Support Services
An increased requirement for banking services is expected to propel the growth of the banking hardware maintenance, software support and helpdesk support services market going forward. 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 Forbes report, a US-based magazine by 2022, 29% of Americans will rather bank in person, while 78% of adult Americans would rather bank online or using a smartphone app. Therefore, increased requirement for banking services is driving the growth of the banking hardware maintenance, software support and helpdesk support services market.
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Prominent Trend - Technological Advancements Transforming Banking Hardware Maintenance, Software Support, And Helpdesk Support Services
Technological advancements are a key trend gaining popularity in the banking hardware maintenance, software support and helpdesk support services market. 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 February 2023, Arvest Bank, a US-based financial service company launched Selligence. With Selligence, teams can close deals faster by receiving sales trigger leads and contact and account-level data straight into their Chrome browser. Teams reach a larger audience by using Selligence Events and Prospecting to find unique sales trigger leads at the right time. By reaching out with relevant leads, teams can increase their chances of success and expand their target market.
Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Players
Major companies operating in the banking hardware maintenance, software support and helpdesk support services market report 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., Wincor Nixdorf, Fujitsu Limited, GRG Banking Equipment Co. Ltd., Hyosung TNS Inc., KAL ATM Software GmbH, Nautilus Hyosung America Inc., Triton Systems of Delaware LLC, ACG Infotech Limited, Axiomtek Co. Ltd., Bancsource Inc., Burroughs Inc., Cennox Group, CTS Electronics SpA, DPL Group, Fiserv Inc., FSS Technologies Pvt. Ltd., Genpact Limited, HCL Technologies Limited, Infosys Limited, Mphasis Limited, Tata Consultancy Services Limited, Wipro Limited
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Largest And Fastest Growing Region In The Market
North America was the largest region in the banking hardware maintenance, software support and helpdesk support services market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the banking hardware maintenance, software support and helpdesk support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Banking Hardware Maintenance, Software Support And Helpdesk Support Services Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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