Multivendor ATM Software Market Definition
Multivendor ATM software is a type of software that a bank or financial institutions uses to manage and operate a large number of ATMs from a particular place. It helps in cost savings, maintenance and updates and a consistent user interface through the use of this single software platform. According to Retail Banking Research (RBR) of London, the use of multivendor ATM software increased by 75% in 2017 than in 2012. The rising concern of the safety and security of customer personalized and banking services leads to the growing demand for multivendor ATM software.
The market study is broken down, by Application (Banks and Financial Institutions) and major geographies with country level splits.
Research Analyst at AMA estimates that United Kingdom, China, and India Players will contribute to the maximum growth of Global Multivendor ATM Software market throughout the predicted period.
Clydestone Ghana Ltd (Ghana), Vortex Engineering Private Limited (India), KAL (United Kingdom), TECNASA (Panama), MedRec Technologies (United Kingdom), Chetu (United States), Anhui Tino Technology Co., Ltd (China), Shenzhen Grandtop Electronics Co., Ltd. (China), Topadkiosk Technology Co., Ltd. (China), Longtop International Co., Ltd. (China), NCR Corporation (United States), Wincor Nixdorf (Germany), Auriga SpA (Singapore) and KAL ATM Software (India) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Multivendor ATM Software market by Type, Application and Region.
On the basis of geography, the market of Multivendor ATM Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Bill Payment will boost the Multivendor ATM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security , the sub-segment i.e. Data Encryption Standard will boost the Multivendor ATM Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Use of New Innovation like Contactless Cards
- Multivendor ATM Software Helps in Reducing Operational and Technical Costs
- Growing Use of Multivendor ATM Software in Banking and Personalised Services
- Increasing Demand For Cross Channel Services through Multivendor ATM Software
- Growing Deployment of Multivendor ATM Software in Developing Countries such as India
- Lack of Overall Control in Managing the Multivendor ATM Software
- Complexity to Work with Third Party Suppliers and ATM Manufacturers
Key Target AudienceNew Entrants/Investors, Multivendor ATM Software Provider, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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