Increased adoption of the “thin client” ATM architecture among European banks, which should see the traditional ATM replaced by a streamlined model.
PORTLAND, PORTLAND, OR, USA, Jan. 14, 2022 /EINPresswire.com/ — The global multi-vendor ATM software market is segmented based on component, function, end user and geography. Based on components, the market is segmented into software and services. The services segment is estimated to show the fastest CAGR of 25.8% during the forecast period. However, the software segment held the largest share in 2018, accounting for nearly three-fifths of the market.
Continuous modernization of old ATM fleets, increasing demand for modern ATM software and hardware, and increased awareness of the benefits of multi-vendor ATM software are the major drivers of the global multi-vendor ATM software market . However, the limitations in terms of ATM management and the complexity of working with ATM vendors are hampering the growth of the market. On the contrary, the advent of new technologies such as QR codes, contentless payments and touch screens are expected to create new opportunities for market players in the future.
Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/2982
Increased awareness of the benefits of multi-vendor ATM software, increasing demand for modern ATM software and hardware, and the advent of new technologies such as contactless payment, QR codes, and touch screens are driving the growth of the Marlet. The cash/cheque dispenser segment captured the lion’s share in 2018, contributing more than two-fifths of the market. On the other hand, the Asia Pacific market is expected to show the fastest CAGR of 30.5% during the forecast period.
Based on function, the market is categorized into bill payment, card payment, cash/check dispenser, cash/check deposit, passbook printer and others. The cash/cheque dispenser segment captured the lion’s share in 2018, contributing more than two-fifths of the market.
Based on end-user, the market is divided into banks and financial institutions and independent ATM deployer. The independent ATM deployer segment dominated the market in 2018, contributing more than half of the market and is expected to register the fastest CAGR of 24.8% during the forecast period.
Inquiry Before You Buy [email protected] https://www.alliedmarketresearch.com/purchase-enquiry/2982
Global Multi-Vendor ATM Software Market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region market is expected to show the fastest CAGR of 30.5% during the forecast period. However, the European market recorded the largest revenues in 2018, accounting for more than two-fifths of the market.
Thank you for reading this article; you can also get individual chapter wise section or region wise report versions like North America, Europe or Asia.
If you have any special requirements, please let us know and we will offer the report according to your needs.
Similar reports –
1. Mobile wallet market
2. Data Integration Software Market
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
AMR has launched its online user-based reporting and company profile library, Avenue. An electronic access library is accessible from any device, anywhere and anytime for entrepreneurs, stakeholders, researchers and university students. With reports on over 60,000 niche markets with data comprising 600,000 pages as well as business profiles on over 12,000 companies, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to customer requirements is complemented by analyst support and customization requests.
Allied Analytics LLP
write to us here
Visit us on social media: