Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global ATM Software Market size is expected to reach $6.1 billion by 2028, rising at a market growth of 4.4% CAGR during the forecast period.
The Services market is poised to grow at a CAGR of 5.5% during (2022 - 2028). This is due to the fact that banks and other financial institutions find it challenging to install and maintain ATMs due to compliance requirements and ongoing technological advancements. Services help banks focus on other in-branch services while still providing excellent customer service.
The Banks & Financial Institutions market is leading the segment in the Global ATM Software Market by End-User in 2021; thereby, achieving a market value of $4.2 billion by 2028. This can be attributed to the banking and financial industry's rising demand for and adoption of ATM software technology.
The Cash Deposit market would experience the highest CAGR of 5.7% during (2022 - 2028). Due to their benefits, including flexibility and easy & effective management, cash deposit systems are becoming more and more popular. Additionally, banks and other financial institutions can now offer a new cash deposit service to their customers due to specialized software for ADMs and the newest device models.
The North America market dominated the Global ATM Software Market by Region in 2021; thereby, achieving a market value of $2.0 billion by 2028. The Europe market is exhibiting a CAGR of 3.8% during (2022 - 2028). Additionally, The Asia Pacific market is experiencing a CAGR of 5.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/atm-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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