North America ATM Software Market Size, Share & Industry Trends Analysis Report By End User (Banks & Financial Institutions and Independent ATM Deployer), By Function (Cash Dispenser, Bill Payment, Card Payment and Cash Deposit), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America ATM Software Market would witness market growth of 3.1% CAGR during the forecast period (2022-2028).
The forecast period is expected to see the ATM software market maintain its leadership despite its stagnant growth. Banks can control and manage all of their domestic and international ATM networks with the aid of ATM software. Offering customers new products and services ensures the fastest possible ATM response time.
Using predictive analytics, the software allows an administrator to monitor an ATM network and identify issues before they become serious. By offering authentication services to confirm the user and providing real-time notification in detecting suspicious activities, ATM software increases machine security.
The end-user demand for self-service ATM software that is essential as well as demand in numerous financial sectors is rising. The ongoing modernization of older ATM software and an increase in consumer awareness of the advantages of multivendor ATM software has been noticed in past few years. In addition, the market is anticipated to benefit from the rapidly changing banking environments and the adoption of new technologies.
United States has been a leader in the adoption of many sophisticated and advanced technologies, which has led to a very high rate of innovation in the nation. The US industry is developed, and there are numerous well-known, top service providers there. The demand for ATM software is being driven forward by the convenient and simple accessibility of ATM machines in places like offices, shopping malls, convenience stores, and supermarkets, among others.
The US market dominated the North America ATM Software Market by Country in 2021; thereby, achieving a market value of $1,474.3 million by 2028. The Canada market is experiencing a CAGR of 5% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 4.8% during (2022 - 2028).
Based on End User, the market is segmented into Banks & Financial Institutions and Independent ATM Deployer. Based on Function, the market is segmented into Cash Dispenser, Bill Payment, Card Payment and Cash Deposit. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global ATM Software Market is Estimated to reach $6.1 Billion by 2028, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fiserv, Inc., GRGBanking Equipment Co., Ltd., SBS Software Ges.mbH., Paragon Application Systems, Inc., Fidelity National Information Services, Inc., KAL ATM Software GmbH, Vortex Engineering Pvt. Ltd. and CR2
Scope of the Study
Market Segments Covered in the Report:
- Software (without Services)
By End User
- Banks & Financial Institutions
- Independent ATM Deployer
- Cash Dispenser
- Bill Payment
- Card Payment
- Cash Deposit
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Fiserv, Inc.
- GRGBanking Equipment Co., Ltd.
- SBS Software Ges.mbH.
- Paragon Application Systems, Inc.
- Fidelity National Information Services, Inc.
- KAL ATM Software GmbH
- Vortex Engineering Pvt. Ltd.
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