About Multivendor ATM Software
Multivendor ATM software is a type of software that a bank or financial institutions uses to manage and operate a large number of ATMs from a particular place. It helps in cost savings, maintenance and updates and a consistent user interface through the use of this single software platform. According to Retail Banking Research (RBR) of London, the use of multivendor ATM software increased by 75% in 2017 than in 2012. The rising concern of the safety and security of customer personalized and banking services leads to the growing demand for multivendor ATM software.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United Kingdom, China, and India Players will contribute the maximum growth to Global Multivendor ATM Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clydestone Ghana Ltd (Ghana), Vortex Engineering Private Limited (India), KAL (United Kingdom), TECNASA (Panama), MedRec Technologies (United Kingdom), Chetu (United States), Anhui Tino Technology Co., Ltd (China), Shenzhen Grandtop Electronics Co., Ltd. (China), Topadkiosk Technology Co., Ltd. (China), Longtop International Co., Ltd. (China), NCR Corporation (United States), Wincor Nixdorf (Germany), Auriga SpA (Singapore) and KAL ATM Software (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Multivendor ATM Software market by , Application (Banks and Financial Institutions) and Region.
On the basis of geography, the market of Multivendor ATM Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Bill Payment will boost the Multivendor ATM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security , the sub-segment i.e. Data Encryption Standard will boost the Multivendor ATM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of New Innovation like Contactless Cards
Market Growth Drivers:
Multivendor ATM Software Helps in Reducing Operational and Technical Costs and Growing Use of Multivendor ATM Software in Banking and Personalised Services
Challenges:
Complexity to Work with Third Party Suppliers and ATM Manufacturers
Restraints:
Lack of Overall Control in Managing the Multivendor ATM Software
Opportunities:
Increasing Demand For Cross Channel Services through Multivendor ATM Software and Growing Deployment of Multivendor ATM Software in Developing Countries such as India
Key Target Audience
New Entrants/Investors, Multivendor ATM Software Provider, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.