Industry Background:
Smart finance technology IoT application in ATMs. IoT comprises a platform, hardware, services, and connectivity. The growth of IoT-based ATMs across smart cities is a factor in increasing the market growth. The IoT-based ATMs are increasingly deployed in bank locations to use of banking operations for customers. Additionally, the rising technical advancements in IoT-connected devices, such as the integration of data analysis tools expected to increase the growth of smart finance technologies.This growth is primarily driven by Growing Number of IoT-Connected Smart ATMs across the Globe
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Telecom Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IMS Evolve (United Kingdom), Intel Corp. (United States), Pixel and Curve (India), Stripe, Inc (United States), SoFi (United States), GreenSky (United States), Zenefits (United States), Prosper (United States), GRGBanking (China) and Diebold Nixdorf (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 27th February 2020, SoFi announced the acquisition with Technisys. The acquisition with the Technisys is delivering a digital one-stop-shop experience for SoFi members. SoFi anticipates operational savings which is migrates to the multiple core banking system and are operated by Technisys.
On 3rd March 2022, Smart Finance announced decentralized finance, a crypto solution. This solution is based on artificial intelligence (AI), machine learning (ML), and mathematical expectation (ME). This smart finance technology provides a secure, and cost-effective strategy for intelligent trading on the cryptocurrency market and also estimates the crypto market valuesThe global smart finance technologies market is Fragmented Due to Technology advancements in the IoT-connected devices. So the Players are Focusing on decentralized finance, and crypto solution and investing more money in the new smart finance technology, such as artificial intelligence (AI), machine learning(ML), and mathematical expectation(ME). These will enhance their Market Presence. The Companies are also Planning Strategic Activities like Partnerships, Mergers, and Acquisitions which will help them to Sustain in the Market and Maintain their Competitive Edge.
Influencing Trend:
Deployment of Smart ATMs on Bank Premises across the Globe, Emerging Technologies in the financial services industry and Adoption of financial technology due to its reliable customer services
Market Growth Drivers:
Growing Number of IoT-Connected Smart ATMs across the Globe, Increasing Technological Advancement In Smart Cities and Adoption Of Advanced ATMs In Emerging Economies
Challenges:
Rising Concerns Related to Data Security, Lack of Awareness of Regulatory Guidelines and Breaches in legal and Regulatory Requirements
Restraints:
Rising Concerns Related to Data Security
Opportunities:
Growing demand in the financial sector and Installation of smart ATMs in emerging countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Smart Finance Technologies Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Smart Finance Technologies Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Smart Finance Technologies players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Finance Technologies Study Sheds Light on
The Smart Finance Technologies Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Finance Technologies industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Finance Technologies industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.