Market Overview:
The global self service bank kiosks market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automation and technological advancements in the banking sector. Additionally, growing awareness about self-service banking solutions among consumers is also propelling the growth of this market. Based on type, the global self service bank kiosks market can be segmented into single-function kiosk, multi-function kiosk and virtual/video teller machine (VTM). Among these, single-function kiosks are expected to account for a major share of the global self service bank kiosks market during the forecast period owing to their low cost and easy installation as compared to other types of kiosks. Multi-function bank kiosks offer enhanced features such as bill payment, money transfer etc., which is driving their adoption among consumers worldwide. VTMs are witnessing high demand from banks across different regions due to their ability to provide an immersive customer experience through video interaction with banking staffs. Based on application, indoor and outdoor segments constitute two key segments of the global self service bank Kiosk Market . Indoor applications include transactions such as cash deposit or withdrawal, balance enquiry etc., while outdoor applications comprise transactions such as utility bill payments or ticketing services etc.
Product Definition:
A self-service bank kiosk is a machine that allows customers to perform transactions such as deposits and withdrawals without the assistance of a bank teller. The importance of self-service bank kiosks lies in their ability to offer banking services outside of regular business hours, as well as their potential to reduce the need for human staff at banks.
Single-Function Kiosk:
Single-function kiosk is a device used for performing one task and its primary function is to dispense/dispense money. These devices are widely used in public places such as transportation facilities, retail stores, shopping malls, hotels or any other commercial complex where customer’s need cash without the help of an employee.
Multi-Function Kiosk:
Multi-Function Kiosk (MFK) is a self-service kiosk which offers multiple services such as check printing, cash deposit, payment processing and withdrawal. The MFK consists of an automated teller machine along with security features like card not present technology or contactless smart card technology used for making transactions.
Application Insights:
The indoor application segment held the largest share of more than 60.0% in 2017. The growth is attributed to the rising adoption of self service kiosks at retail stores and shopping malls across countries, such as India, China, U.S., Canada and Australia among others. In addition, factors such as increasing consumer preference for in-store experience over online transactions will drive the demand for S/SBMKiosk over next seven years.
The outdoor application segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to increased government initiatives on improving public amenities including parking facilities and drop boxes at airports across countries globally.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period. The increasing adoption of self-service kiosks in countries such as China and Japan on account of rising competition among banks to improve customer experience is expected to drive the industry growth. For instance, in September 2017, Alibaba Group Holding Ltd., a Chinese e-commerce & retail company entered into a partnership with SBI Card Inc., India's largest bank (SBI Card/Alipay joint venture) for offering convenient services through Alipay payment platform at SBI outlets throughout China. This partnership was aimed at making online shopping easier by eliminating the need for swiping cards or entering account details every time.
North America accounted for more than 20% share of global revenue in 2016 owing to high demand from U.S.
Growth Factors:
- Increasing demand for convenience and efficiency in banking transactions
- Rising trend of automation across various industries
- Proliferation of digital technologies and their increasing adoption by consumers
- Growing need for cost-effective banking solutions
- Emergence of new business models that promote the use of self-service bank kiosks
Scope Of The Report
Report Attributes
Report Details
Report Title
Self Service Bank Kiosks Market Research Report
By Type
Single-Function Kiosk, Multi-Function Kiosk, Virtual/Video Teller Machine
By Application
Indoor, Outdoor
By Companies
NCR, Diebold, Fuji Electric, Hitachi, Crane, GRG Banking, Aurionpro, Glory Limited, KIOSK Information Systems, REDYREF, Cisco
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Self Service Bank Kiosks Market Report Segments:
The global Self Service Bank Kiosks market is segmented on the basis of:
Types
Single-Function Kiosk, Multi-Function Kiosk, Virtual/Video Teller Machine
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
Indoor, Outdoor
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:
- NCR
- Diebold
- Fuji Electric
- Hitachi
- Crane
- GRG Banking
- Aurionpro
- Glory Limited
- KIOSK Information Systems
- REDYREF
- Cisco
Highlights of The Self Service Bank Kiosks 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:
- Single-Function Kiosk
- Multi-Function Kiosk
- Virtual/Video Teller Machine
- By Application:
- Indoor
- Outdoor
- 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 Self Service Bank Kiosks 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.
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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
Frequently Asked Questions?
A self service bank kiosk is a type of automated teller machine (ATM) that allows customers to conduct their banking transactions without the assistance of a bank employee. Kiosks typically offer more convenient and faster access to financial services than traditional ATMs, and are becoming increasingly common in retail locations.
Some of the major companies in the self service bank kiosks market are NCR, Diebold, Fuji Electric, Hitachi, Crane, GRG Banking, Aurionpro, Glory Limited, KIOSK Information Systems, REDYREF, Cisco.
The self service bank kiosks market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Self Service Bank Kiosks Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Self Service Bank Kiosks Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Self Service Bank Kiosks Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Self Service Bank Kiosks Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Self Service Bank Kiosks Market Size & Forecast, 2018-2028 4.5.1 Self Service Bank Kiosks Market Size and Y-o-Y Growth 4.5.2 Self Service Bank Kiosks Market Absolute $ Opportunity
Chapter 5 Global Self Service Bank Kiosks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Self Service Bank Kiosks Market Size Forecast by Type
5.2.1 Single-Function Kiosk
5.2.2 Multi-Function Kiosk
5.2.3 Virtual/Video Teller Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Self Service Bank Kiosks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Self Service Bank Kiosks Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Self Service Bank Kiosks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Self Service Bank Kiosks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Self Service Bank Kiosks Analysis and Forecast
9.1 Introduction
9.2 North America Self Service Bank Kiosks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Self Service Bank Kiosks Market Size Forecast by Type
9.6.1 Single-Function Kiosk
9.6.2 Multi-Function Kiosk
9.6.3 Virtual/Video Teller Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Self Service Bank Kiosks Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Self Service Bank Kiosks Analysis and Forecast
10.1 Introduction
10.2 Europe Self Service Bank Kiosks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Self Service Bank Kiosks Market Size Forecast by Type
10.6.1 Single-Function Kiosk
10.6.2 Multi-Function Kiosk
10.6.3 Virtual/Video Teller Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Self Service Bank Kiosks Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Self Service Bank Kiosks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Self Service Bank Kiosks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Self Service Bank Kiosks Market Size Forecast by Type
11.6.1 Single-Function Kiosk
11.6.2 Multi-Function Kiosk
11.6.3 Virtual/Video Teller Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Self Service Bank Kiosks Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Self Service Bank Kiosks Analysis and Forecast
12.1 Introduction
12.2 Latin America Self Service Bank Kiosks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Self Service Bank Kiosks Market Size Forecast by Type
12.6.1 Single-Function Kiosk
12.6.2 Multi-Function Kiosk
12.6.3 Virtual/Video Teller Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Self Service Bank Kiosks Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Self Service Bank Kiosks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Self Service Bank Kiosks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Self Service Bank Kiosks Market Size Forecast by Type
13.6.1 Single-Function Kiosk
13.6.2 Multi-Function Kiosk
13.6.3 Virtual/Video Teller Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Self Service Bank Kiosks Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Self Service Bank Kiosks Market: Competitive Dashboard
14.2 Global Self Service Bank Kiosks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NCR
14.3.2 Diebold
14.3.3 Fuji Electric
14.3.4 Hitachi
14.3.5 Crane
14.3.6 GRG Banking
14.3.7 Aurionpro
14.3.8 Glory Limited
14.3.9 KIOSK Information Systems
14.3.10 REDYREF
14.3.11 Cisco