Global Multivendor ATM Software Market by Type (Bill Payment, Card Payment, Cash or Cheque Dispenser, Cash or Cheque Deposit, Others), By Application (Banks and Financial Institutions, Independent ATM Deployer) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global multivendor ATM software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cashless transactions and the rising number of ATMs across the globe. Based on type, the global multivendor ATM software market is segmented into bill payment, card payment, cash or cheque dispenser, cash or cheque deposit, and others. The card payment segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its growing popularity among consumers for making payments. Based on application, banks and financial institutions are expected to hold a major share of the global multivendor ATM software market in 2018.



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Product Definition:

Multivendor ATM software is a type of software that allows different ATM vendors to interoperate. This is important because it ensures that customers can use any ATM, regardless of the vendor. It also allows banks to choose the best ATM for their needs, rather than being limited to a single vendor.

Bill Payment:

The global bill payment, it's usage and growth factor in Multivendor ATM Software market size was valued at USD 0.01 million in 2016. The increasing adoption of mobile wallets is expected to be a key factor driving the market growth over the forecast period.

Increasing penetration of smartphones across all age groups has resulted in increased adoption of digital payment solutions such as e-wallets.

Card Payment:

Card payment is a secure and convenient way to make payments. It uses the embedded chip in the card which helps in reducing frauds and improves security. The major benefit of this technology is that there are no additional fees for using this feature, unlike cash or check payment methods. Moreover, it reduces checkout time as well as increases customer satisfaction level by eliminating paperwork involved during transactions.

The global Card Payment market size was valued at USD 3,074 million in 2016.

Application Insights:

The banks and financial institutions segment dominated the global multivendor ATM software market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to a rise in demand for cashless transactions at a large scale across various sectors, including retail, e-commerce and others. In addition to this factor, growing preference for on-premise deployment is also expected to drive the segment growth over the forecast period.

ATM operators are focusing on enhancing their services by introducing new functionalities that appeal more customers than ever before. For instance, withdraw money function enables users to Withdraw funds from multiple accounts via one transaction as well as make payments from different accounts via one transaction using e-wallets or credit cards without entering account information again.

Regional Analysis:

The Asia Pacific region is anticipated to witness the highest growth over the forecast period. The increasing number of ATMs in countries such as India, China, and Japan coupled with rising demand for advanced ATM software due to increased use of cash transactions is expected to drive regional growth. For instance, according to a recent study by Global ATM Report 2018 published by International Monetary Fund (IMF), around 1.3 billion people or 40% of India’s population does not have access to formal banking services owing to lack of awareness or because they prefer alternative methods for transaction such as cash or cheque deposits at ATMs. In addition, growing adoption and usage of mobile wallets in emerging economies including India are further driving the need for Multivendor ATM Software (MVAS).

North America region accounted for more than 25% revenue share in 2017 owing high market penetration rates associated with card payment systems and widespread acceptance levels associated with independent deployment models across U.S.

Growth Factors:

Increasing demand for Multivendor ATM Software from small and medium-sized businesses (SMBs) due to the growing need for automation and efficiency in their operations.
The increasing trend of cashless transactions, which is boosting the demand for Multivendor ATM Software solutions that can help manage and process these transactions quickly and securely.
The rising popularity of cloud-based Multivendor ATM Software solutions, as they offer several benefits such as scalability, flexibility, reduced costs, and easy deployment/integration.
The increasing number of mergers & acquisitions (M&As) in the Multivendor ATM Software market as companies look to expand their product portfolios and strengthen their positions in this competitive market space.
Growing awareness about the benefits of using Multivendor ATM Software among businesses across different industries, which is helping to drive its adoption at a faster pace


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Scope Of The Report
Report Attributes
Report Details
Report Title
Multivendor ATM Software Market Research Report
By Type
Bill Payment, Card Payment, Cash or Cheque Dispenser, Cash or Cheque Deposit, Others
By Application
Banks and Financial Institutions, Independent ATM Deployer
By Companies
Auriga, Clydestone Group, Diebold Nixdorf, GRGBanking, KAL, Nautilus Hyosung America, NCR Corporation, Printec Group, Vortex Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.

Global Multivendor ATM Software Market Report Segments:
The global Multivendor ATM Software market is segmented on the basis of:
Types
Bill Payment, Card Payment, Cash or Cheque Dispenser, Cash or Cheque Deposit, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banks and Financial Institutions, Independent ATM Deployer
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Auriga
Clydestone Group
Diebold Nixdorf
GRGBanking
KAL
Nautilus Hyosung America
NCR Corporation
Printec Group
Vortex Engineering



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Highlights of The Multivendor ATM Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Bill Payment
Card Payment
Cash or Cheque Dispenser
Cash or Cheque Deposit
Others
By Application:
Banks and Financial Institutions
Independent ATM Deployer
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Multivendor ATM Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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